What is the estimated range for auto insurance for a Bath Tune Up franchise?
Bath_Tune_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
| 4.0% | $180,000.01 and above |
| TYPE OF EXPENDITURE | AMOUNT | METHOD OF PAYMENT | WHEN DUE | TO WHOM PAYMENT IS TO BE MADE |
|---|---|---|---|---|
| Initial Franchise Fee1 | $19,950 | Lump sum or financed through us | When you sign the franchise agr |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 19–22)
What This Means (2025 FDD)
According to Bath Tune Up's 2025 Franchise Disclosure Document, the estimated cost for auto insurance ranges from $1,000 to $3,000. This cost covers the period before opening and during the year.
The auto insurance can be paid as a lump sum or in monthly installments, offering some flexibility to the franchisee. These payments are made directly to an insurance company or broker. It is important for prospective franchisees to factor this expense into their initial investment and ongoing operational costs.
In addition to auto insurance, Bath Tune Up franchisees must also carry commercial general liability insurance, with estimated costs ranging from $500 to $2,400. This highlights the importance of securing adequate insurance coverage to protect the business from potential liabilities. Franchisees should consult with insurance professionals to determine the appropriate coverage levels for their specific needs and circumstances.