What software is included in the required Computer System for an Extreme Art Studio Business?
Extreme_Art_Studio Franchise · 2024 FDDAnswer from 2024 FDD Document
e.
Computer System
You will be required to purchase a computer system ("Computer System") for your Extreme Art Studio Business. If you operate an Extreme Art Studio Business, you are required to purchase a Computer System that consists of the following hardware and software: (a) one laptop computer; two iPads; one printer; one wireless hotspot; and (b) Microsoft Office; QuickBooks Financial Management Software; CR Software; and DB Software. We estimate the cost of purchasing the Computer System and implementation fees for an Extreme Art Studio Business will be between $1,000 and $2,000.
You will pay us the then-current technology fee (currently $400 per month for the first Extreme Art Studio Business and the discounted rate of $300 per month for each additional Extreme Art Studio Business), which includes your use of our online systems; website; applications; email; data sharing; integration and maintenance of DB Software; learning management software; search engine optimization for lead generation; and other Internet-related functions ("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 $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 required to purchase a computer system that includes specific software. This system is essential for managing the daily operations of the Extreme Art Studio business, coordinating customer scheduling, and collecting important information related to students, parents, sales, and pricing.
The required software components of the Computer System include Microsoft Office, QuickBooks Financial Management Software, CR Software, and DB Software. In addition to purchasing these software programs, franchisees will also be responsible for technology fees.
The technology fee is currently $400 per month for the first Extreme Art Studio Business and a discounted rate of $300 per month for each additional studio. This fee covers the use of online systems, the website, applications, email, data sharing, DB Software integration and maintenance, learning management software, search engine optimization, and other internet-related functions. Franchisees will also pay implementation fees of $1,500 for the DB Software and $500 for the CR Software. Furthermore, franchisees are responsible for monthly licensing fees for the CR Software, which range from $5 to $535, and for the DB Software, which ranges from $225 to $300 per month. These fees can fluctuate based on usage volume and will be reevaluated annually.