What is the monthly fee range to license the DB Software for an Extreme Art Studio Business?
Extreme_Art_Studio Franchise · 2024 FDDAnswer from 2024 FDD Document
ons ("Technology Fee"). You will also pay an additional Technology Fee of $250 per month for each additional Module that you purchase. You will be responsible for implementation fees charged for the set-up of the DB Software ($1,500) and the CR Software ($500). You will be responsible for the monthly fees to license the CR Software. Currently, those fees range from $5 to $535 per month. The monthly CR Software Fee will be reevaluated at the end of each calendar year based on volume. You will also be responsible for monthly fees to license the DB Software ranging from
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 responsible for monthly fees to license the DB Software. These fees range from $225 to $300 per month.
In addition to the DB Software licensing fees, Extreme Art Studio franchisees also face other technology-related expenses. They must purchase a computer system, estimated to cost between $1,000 and $2,000, and pay a monthly technology fee of $400 (or $300 for each additional studio). There are also implementation fees of $1,500 for the DB Software and $500 for the CR Software.
Furthermore, franchisees are responsible for monthly fees to license the CR Software, which range from $5 to $535 per month and are reevaluated annually. The FDD also states that Extreme Art Studio franchisees must maintain a high-speed internet connection at the studio, and the franchisor may revise the computer system specifications periodically, requiring franchisees to upgrade or replace their systems.