What is the estimated low and high cost for computers and hardware for an Extreme Art Studio?
Extreme_Art_Studio Franchise · 2024 FDDAnswer from 2024 FDD Document
INVESTMENT
| Type of Expenditure (1) | Amount | Method of Payment | When Due | To Whom Payment is to be Paid(1) | |
|---|---|---|---|---|---|
| Low | High | ||||
| Initial Franchise | $45,000 | $45,000 | Lump sum | Upon signing Franchise | Us |
| Fee(1) | Agreement | ||||
| Furnit |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 18–23)
What This Means (2024 FDD)
According to the 2024 Extreme Art Studio Franchise Disclosure Document, the estimated initial investment for computers and hardware ranges from $1,000 to $2,000. This cost is to be paid as incurred to approved suppliers.
The FDD specifies that franchisees must purchase approved computers and tablets, along with other related items, to effectively operate and manage their Extreme Art Studio business. A minimum requirement includes at least one laptop computer with internet access and the ability to run cloud-based CRM programs and other operating systems.
The lower end of the estimate ($1,000) assumes that the franchisee already owns some of the necessary computers and tablets. Therefore, the actual cost could be higher if a franchisee needs to purchase all new equipment. It is important for prospective franchisees to factor in the cost of suitable hardware and software when evaluating the overall investment required to start an Extreme Art Studio franchise.