What is the initial franchise fee for opening a single Extreme Art Studio business?
Extreme_Art_Studio Franchise · 2024 FDDAnswer from 2024 FDD Document
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- Initial Franchise Fee. The Initial Franchise Fee is $45,000 for the purchase of a single Extreme Art Stud
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 initial franchise fee for a single Extreme Art Studio business is $45,000. This fee grants the franchisee the right to open and operate one Extreme Art Studio location under the Extreme Art Studio brand and system.
It is important to note that this fee is non-refundable once paid to Extreme Art Studio or its affiliates, regardless of circumstances. This is a fairly standard practice in franchising, as the franchisor incurs costs in evaluating and onboarding new franchisees. Prospective franchisees should carefully consider their financial situation and conduct thorough due diligence before paying the initial franchise fee.
For those interested in opening multiple locations, Extreme Art Studio offers options for purchasing a Standard 2 or Standard 3 Franchise under the Multi-Franchise Addendum, which changes the initial franchise fee structure. However, the standard initial franchise fee for a single unit remains $45,000.