To whom are payments for computers and hardware made when opening an Extreme Art Studio?
Extreme_Art_Studio Franchise · 2024 FDDAnswer from 2024 FDD Document
INVESTMENT
| Type of Expenditure (1) | Amount | Method of Payment | When Due | To Whom Payment is to be Paid(1) | |
|---|---|---|---|---|---|
| Low | High | ||||
| Initial Franchise | $45,000 | $45,000 | Lump sum | Upon signing Franchise | Us |
| Fee(1) | Agreement | ||||
| Furnit |
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, payments for computers and hardware are made to approved suppliers. The estimated initial investment for computers and hardware ranges from $1,000 to $2,000. These costs are due as incurred.
Extreme Art Studio requires franchisees to purchase approved computers and tablets, along with other related items, to operate and manage their business. Specifically, franchisees must purchase at least one laptop with internet access and the ability to run cloud-based CRM programs and other operating systems. The lower end of the estimated cost range assumes the franchisee already owns some of the necessary computers and tablets.
It is important for prospective franchisees to verify the list of approved suppliers and understand the specifications for required hardware and software. This will ensure they can accurately budget for these expenses and choose equipment that meets Extreme Art Studio's standards. Franchisees should also inquire about any potential discounts or financing options available through approved suppliers.