What is the current monthly CR Software Fee for an Extreme Art Studio Business?
Extreme_Art_Studio Franchise · 2024 FDDAnswer from 2024 FDD Document
e technology fee and other technology and licensing and expenses that you are required to pay under this Franchise Agreement at any time, upon 30 days' written notice to you. You also agree to pay our designated vendor the then-current "CR Software Fee"(currently a monthly fee of $35 plus 1% of Gross Sales for the first calendar year of operating your E
Source: Item 22 — CONTRACTS (FDD page 49)
What This Means (2024 FDD)
According to the 2024 Extreme Art Studio Franchise Disclosure Document, franchisees must pay a CR Software Fee to a designated vendor. For the first calendar year of operating an Extreme Art Studio Business, this fee is a monthly charge of $35 plus 1% of Gross Sales.
After the first year, the CR Software Fee is subject to recalculation by Extreme Art Studio's third-party vendor. This recalculation is based on the sales volume from the previous calendar year.
As a prospective franchisee, it's important to understand that this fee can fluctuate based on your studio's performance. You should inquire with Extreme Art Studio about the typical range of CR Software Fees after the first year to better forecast your ongoing expenses.