What is the estimated maximum expenditure for a vehicle for a Bombs Away franchise?
Bombs_Away Franchise · 2024 FDDAnswer from 2024 FDD Document
NITIAL INVESTMENT
| Type of expenditure | An | ount | Method of payment | When due | To whom payment is to be made | |
|---|---|---|---|---|---|---|
| Initial franchise fee (see Note 1) | $30,000 | - | $30,000 | Check or wire transfer | Upon signing the franchise agreement | Us |
| Rent, Utilities, and | $0 | - | $ |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 13–15)
What This Means (2024 FDD)
According to Bombs Away's 2024 Franchise Disclosure Document, the estimated maximum expenditure for a vehicle is $30,000. This figure is part of the initial investment a new franchisee can expect when starting the business.
The FDD specifies that franchisees must use a vehicle appropriate for the business, displaying the Bombs Away branded logo/wrap. The franchisor strongly recommends a white, midsize pickup truck, such as a Toyota Tundra or Nissan Frontier, in excellent condition. The estimated cost accounts for either already owning a vehicle or leasing a new one.
This cost can vary significantly depending on whether the franchisee already owns a suitable vehicle. If a new vehicle needs to be purchased or leased, the $30,000 should be considered. It is important to note that this expenditure is a significant part of the overall initial investment, and franchisees should factor this into their financial planning. Franchisees should also confirm with the franchisor whether they have approved vendors for vehicle purchases or leases to ensure compliance with brand standards.