What is the maximum number of Extreme Art Studio businesses that can be opened under a Multi-2 Franchise?

According to Extreme Art Studio's 2024 Franchise Disclosure Document, a franchisee who purchases a Multi-2 Franchise can open up to two Extreme Art Studio businesses. This is one of three franchise options available, the others being a Single Franchise (for one business) and a Multi-3 Franchise (for up to three businesses). The initial franchise fee varies depending on the type of franchise purchased, with the Multi-2 Franchise costing $80,000.

This multi-unit option allows franchisees to expand their business within the Extreme Art Studio system. It is important to note that while the initial franchise fee is higher for multi-unit franchises, franchisees avoid paying separate initial franchise fees for each additional location. However, all other fees, such as royalty fees, will still apply to each location.

Before opening each additional Extreme Art Studio location under a Standard Franchise (Multi-2 or Multi-3), the franchisee must sign an Extreme Art Rider. Each franchised business operated under the agreement is treated individually unless otherwise specified, and all obligations apply to each business separately. This ensures that each location adheres to the franchise agreement's terms and conditions.

Prospective franchisees should carefully consider their financial resources, operational capabilities, and market potential before deciding on the appropriate franchise type. The multi-unit options offer opportunities for growth and economies of scale but also require greater investment and management expertise.