What is the estimated low and high cost for furniture, fixtures, and equipment 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 | ||||
| Furniture, Fixtures, |
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 furniture, fixtures, and equipment ranges from $9,500 to $15,000. These costs are to be paid as incurred to approved suppliers.
The FDD notes that these expenses depend on factors such as the size of the studio, shipping distances, the chosen supplier, and the franchisee's credit history. This suggests that franchisees have some degree of flexibility in selecting suppliers, which could impact the final cost.
Prospective franchisees should carefully consider these factors and obtain quotes from multiple suppliers to accurately estimate their potential costs. It is also important to factor in potential shipping costs, which can vary depending on the supplier's location and the size of the order.