What is the monthly lease expense for Dermani Medspa after the initial 3-month suspension of lease payments?
Dermani_Medspa Franchise · 2025 FDDAnswer from 2025 FDD Document
olly owned by the sole member of the Company, made advances in the amount of $30,000 to the Company. The funds were provided by Vinings to meet current obligations. The advance from Vinnings was non‐interest bearing and was repaid in 2023.
The Company executed a Trademark and System License Agreement (the "Trademark Agreement") on April 22, 2019 with Lazcoz, LLC (the "Licensor" ). The Licensor is the owner of a format and system (the "System" ) relating to the establishment, operation, management and franchising of medical spa c
Source: Item 23 — RECEIPTS (FDD pages 66–311)
What This Means (2025 FDD)
According to Dermani Medspa's 2025 Franchise Disclosure Document, the company executed a lease for office space commencing March 26, 2021, with a 63-month term. The lease expires June 25, 2026, but includes an option to extend for an additional 60 months through July 1, 2031. The lease agreement provides for a suspension of lease payments for the first three months. After this initial suspension, the monthly lease expense is $3,612, with an annual increase of 3%.
For a prospective Dermani Medspa franchisee, this means that after the initial three-month grace period, they can expect to pay $3,612 per month for their lease, subject to a 3% annual increase. This figure is crucial for budgeting and financial planning. It's important to note that this lease agreement and its terms apply specifically to the company's office space, and the terms for a franchisee's location may differ.
Understanding the lease terms, including the initial suspension and annual increase, is essential for franchisees to accurately forecast their operating expenses. While the FDD provides this specific lease detail for the company, franchisees should carefully review their own lease agreements, as terms can vary based on location and negotiations with landlords. It is also important to confirm if the lease expense includes additional costs such as utilities, maintenance, or property taxes, which could further impact monthly expenses.