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What is the initial fee for the Craft Academy module at Extreme Art Studio?

Extreme_Art_Studio Franchise · 2024 FDD

Answer from 2024 FDD Document

Craft Academy $15,000

Source: Item 5 — INITIAL FEES (FDD pages 11–13)

What This Means (2024 FDD)

According to Extreme Art Studio's 2024 Franchise Disclosure Document, franchisees have the option to purchase different curriculum modules to expand their service offerings. The initial fee for the Craft Academy module is $15,000. This module is designed for all ages and is a self-directed, craft-intensive, project-based curriculum. It can be offered in classes, camps, workshops, parties, and events, or as a drop-in activity.

The Craft Academy module includes curated kits with all the necessary materials and tools to complete the projects. This upfront investment allows franchisees to provide a wider range of services and potentially attract more customers.

In addition to the initial fee, franchisees who purchase any of the modules must also pay a monthly module technology fee of $250, starting the first day of the second month after signing the Franchise Agreement. This fee covers the technology required to support the module. The initial module fees are uniform, earned when paid, and are non-refundable under any circumstances.

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.