What is the range for furniture, fixtures, and equipment costs for an Extreme Art Studio franchise?
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 | ||||
| Furniture, Fixtures, |
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, the estimated cost for furniture, fixtures, and equipment ranges from $9,500 to $15,000. These costs are estimates of what a new franchisee will need to spend to properly equip their Extreme Art Studio location. These expenses are paid to approved suppliers as they are incurred.
The FDD notes that the actual amount spent on furniture, fixtures, and equipment can vary. The size of the studio, shipping distances, the supplier chosen, and the franchisee's credit history can all impact these costs. It is important for prospective franchisees to consider these factors and research suppliers to get an accurate estimate for their specific location and circumstances.
Because Extreme Art Studio has not yet sold any franchises, these estimates are based on the experience of its affiliates with Kidcreate franchises. This means the actual costs for an Extreme Art Studio franchise could differ from the estimates provided. It would be prudent for potential franchisees to discuss these estimates with the franchisor and other franchisees of affiliated brands to gain a better understanding of potential costs.