factual

What hardware is included in the required Computer System for an Extreme Art Studio Business?

Extreme_Art_Studio Franchise · 2024 FDD

Answer from 2024 FDD Document

e.

Computer System

You will be required to purchase a computer system ("Computer System") for your Extreme Art Studio Business. If you operate an Extreme Art Studio Business, you are required to purchase a Computer System that consists of the following hardware and software: (a) one laptop computer; two iPads; one printer; one wireless hotspot; and (b) Microsoft Office; QuickBooks Financial Management Software; CR Software; and DB Software. We estimate the cost of purchasing the Computer System and implementation fees for an Extreme Art Studio Business will be be

Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 27–37)

What This Means (2024 FDD)

According to the 2024 Extreme Art Studio Franchise Disclosure Document, franchisees are required to purchase a computer system that includes specific hardware components. This system is essential for managing the daily operations of the Extreme Art Studio business, coordinating customer scheduling, and collecting important information related to students, parents, sales, and pricing.

The required hardware for the computer system includes one laptop computer, two iPads, one printer, and one wireless hotspot. The FDD estimates that the total cost for purchasing the computer system, including implementation fees, will range from $1,000 to $2,000. This initial investment is a necessary part of setting up the Extreme Art Studio business and ensuring that it can operate efficiently.

In addition to the initial purchase cost, Extreme Art Studio franchisees must also budget for ongoing technology fees and potential maintenance costs. The technology fee is currently $400 per month for the first Extreme Art Studio Business, with a discounted rate of $300 per month for each additional location. This fee covers the use of online systems, the website, applications, email, data sharing, DB Software maintenance, learning management software, and search engine optimization. Franchisees are also responsible for the costs of maintaining, updating, and upgrading the computer system, which are estimated to range from $100 to $1,000 annually, but could vary based on repair history, local service costs, and technological advancements.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.