What is the estimated low and high cost for optional modules 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 | ||||
| F |
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 cost for optional modules ranges from $0 to $47,250. The low estimate assumes that the franchisee purchases zero optional modules. The high estimate assumes the franchisee purchases three optional modules and pays three months of module technology fees for those three modules.
This cost is paid in a lump sum to Extreme Art Studio upon signing the Franchise Agreement. Item 5 of the Extreme Art Studio FDD provides more information regarding optional modules and associated technology fees.
Prospective franchisees should carefully consider whether to invest in optional modules, factoring in the potential benefits they may bring to their Extreme Art Studio business. It's important to review Item 5 of the FDD to understand the details of these modules and how they can impact the overall business operation.