How much are the implementation fees for the set-up of the CR Software for an Extreme Art Studio Business?
Extreme_Art_Studio Franchise · 2024 FDDAnswer from 2024 FDD Document
dule 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 $225 to $300 per month. The Computer System will manage the daily workflow of the Extreme Art Studio Business; coordinate the customer scheduling experience; and enable you to collect information about students and their parents, prices, sales
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 implementation fees for setting up the CR Software. The implementation fee for the CR Software is $500. Franchisees are also responsible for the monthly fees to license the CR Software, which currently range from $5 to $535 per month, and are reevaluated at the end of each calendar year based on volume.
In addition to the CR Software, Extreme Art Studio franchisees must also purchase DB Software, which has an implementation fee of $1,500. They are also responsible for monthly fees to license the DB Software, ranging from $225 to $300 per month. The Computer System, including both CR and DB Software, is designed to manage the daily workflow, coordinate customer scheduling, and collect information about students, parents, prices, and sales.
Prospective franchisees should consider these technology costs when evaluating the overall investment required to open and operate an Extreme Art Studio franchise. It is important to note that the monthly CR Software Fee will be reevaluated at the end of each calendar year based on volume, so the actual cost may vary. Franchisees should also factor in the potential for future upgrades or replacements of the Computer System, as specifications may be revised periodically by Extreme Art Studio.