What is the low and high estimated range for the initial franchise fee for an Extreme Art Studio?
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 Studio Business. | Standard 2 Franchise | If you purchase a Standard 2 Franchise under the Multi-Franchise Addendum, you will incur all of the costs listed above for each Extreme Art Studio Business you open except that the Initial Franchise Fee will total $80,000 and allow you to open up to two Extreme Art Studio Businesses. | Standard 3 Franchise | If you purchase a Standard 3 Franchise under the Multi-Franchise Addendum, you will incur all of the costs listed above for each Extreme Art Studio Business you open except that the Initial Franchise Fee will total $110,000 and allow you to open up to three Extreme Art Studio Businesses.
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 is a one-time, lump-sum payment due upon signing the Franchise Agreement.
For franchisees interested in opening multiple Extreme Art Studio locations, the initial franchise fee structure changes under the Multi-Franchise Addendum. A Standard 2 Franchise, which allows for the opening of two Extreme Art Studio Businesses, has an initial franchise fee of $80,000. A Standard 3 Franchise, which allows for the opening of three Extreme Art Studio Businesses, has an initial franchise fee of $110,000.
It is important to note that these fees are non-refundable once paid to Extreme Art Studio or its affiliates, regardless of circumstances. Prospective franchisees should carefully consider their plans for expansion and the associated costs before deciding on the appropriate franchise option. Reviewing these figures with a business advisor is recommended before making any decision to purchase a franchise.