What is the estimated low and high cost for an architect 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 estimated cost for an architect ranges from $5,000 to $12,000. This cost covers a standard four-page plan for the studio.
The FDD notes that this expense is typically incurred as needed and paid to approved suppliers. However, if the studio requires more than the standard four-page plan, additional fees may apply, increasing the overall cost.
Prospective franchisees should consider this range as a baseline, but be prepared for potential increases depending on the complexity and specific requirements of their studio's design. It is important to discuss these potential additional costs with both the franchisor and potential architects to get a more precise estimate for a specific location.