When is the vehicle/transportation expenditure due for an Advanced Mobile Iv And Amiv franchise?
Advanced_Mobile_Iv_And_Amiv Franchise · 2023 FDDAnswer from 2023 FDD Document
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7. ESTIMATED INITIAL INVESTMENT
YOUR ESTIMATED INITIAL INVESTMENT
| EXPENDITURE | AMOUNT | PAYMENT METHOD | WHEN DUE | TO WHOM |
|---|---|---|---|---|
| Initial Franchise Fee | $35,000 |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 19–22)
What This Means (2023 FDD)
According to Advanced Mobile Iv And Amiv's 2023 Franchise Disclosure Document, the expenditure for a vehicle or transportation is due prior to opening the franchise. The estimated cost for vehicle/transportation ranges from $0 to $4,000. This payment is made to suppliers and is listed as 'as incurred'.
Advanced Mobile Iv And Amiv requires franchisees to have reliable transportation to travel to customer or event sites and to transport inventory and equipment. The FDD notes that the amounts listed in the table are for the upfront costs and the first three months of payments if the franchisee chooses to lease or finance a vehicle. However, if a franchisee already owns a suitable vehicle, they will not need to purchase or lease one.
As the payment is 'as incurred', franchisees should budget and plan for these expenses prior to the franchise's opening. It's important to note that the initial investment can vary greatly depending on the assets a franchisee already owns. The $0 low-end estimate for vehicle/transportation expenditures applies to franchisees who already own a vehicle and will not incur purchase or lease expenses.