What does the architect fee estimate cover for an Extreme Art Studio?
Extreme_Art_Studio Franchise · 2024 FDDAnswer from 2024 FDD Document
| Type of Expenditure (1) | Amount | Method of Payment | When Due | To Whom Payment is to be Paid(1) | |
|---|---|---|---|---|---|
| Low | High | ||||
| Architect(19) | $5,000 | $12,000 | As Incurred | As Incurred | Approved Suppliers |
Architect.
This estimate is for standard four-page plan for your Studio.
If your Studio requires additional pages, you may incur additional fees.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 18–23)
What This Means (2024 FDD)
According to Extreme Art Studio's 2024 Franchise Disclosure Document, the architect fee estimate covers a standard four-page plan for your studio. The estimated cost for this service ranges from $5,000 to $12,000. These fees are paid to approved suppliers as incurred.
It's important to note that if your Extreme Art Studio requires a plan exceeding four pages, you may incur additional fees beyond the initial estimate. This could happen if the location has unique structural requirements or if you choose to customize the design beyond the standard layout.
Prospective franchisees should discuss their specific site plans with Extreme Art Studio and potential architects to get a more accurate estimate. Understanding the scope of the architectural work needed for your location is crucial for budgeting and avoiding unexpected costs during the build-out phase.