For an Extreme Art Studio Multi-2 Franchise, what is the initial franchise fee?
Extreme_Art_Studio Franchise · 2024 FDDAnswer from 2024 FDD Document
| Franchise Type | Number of Extreme Art Studio Businesses | Initial Franchise Fee | ||
|---|---|---|---|---|
| SELECT ONE | ||||
| ______ | Single Franchise | 1 | $45,000 | |
| ______ | Multi-2 Franchise | Up to 2 | $80,000 | |
| ______ | Multi-3 Franchise | Up to 3 | $110,000 |
Source: Item 23 — RECEIPTS (FDD pages 49–214)
What This Means (2024 FDD)
According to the 2024 Extreme Art Studio Franchise Disclosure Document, the initial franchise fee for a Multi-2 Franchise is $80,000. This fee allows the franchisee to operate up to two Extreme Art Studio businesses.
This initial franchise fee is a one-time payment due upon signing the franchise agreement. It grants the franchisee the right to use the Extreme Art Studio brand, system, and intellectual property. This fee is typically non-refundable and covers the franchisor's costs associated with granting the franchise, including training and support.
Prospective franchisees should consider this fee as part of their overall investment and ensure they have sufficient capital to cover it, along with other startup costs and working capital. It is important to review the terms and conditions related to the initial franchise fee in the franchise agreement to understand any specific obligations or requirements.