What is the estimated range for vehicle costs for a Bombs Away franchise?
Bombs_Away Franchise · 2024 FDDAnswer from 2024 FDD Document
| Type of expenditure | An | ount | Method of payment | When due | To whom payment is to be made | |
|---|---|---|---|---|---|---|
| Vehicle (see Note 3) | $0 | - | $30,000 | Check | Upon purchase | Vendor |
Notes
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- You must use a vehicle appropriate for your business with our branded logo/wrap. We strongly recommend a midsize pickup truck, white in color, such as a Toyota Tundra or Nissan Frontier. It must be in excellent or better condition, clean, dent-free, and otherwise presenting a professional appearance. The low-end estimate assumes you already have a personal vehicle for the business. The high assumes you lease a new vehicle, with certain fees and costs payable upon signing the lease.
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 cost for a vehicle ranges from $0 to $30,000. The FDD notes that the low end of this estimate assumes that the franchisee already has a personal vehicle suitable for the business. Bombs Away requires that the vehicle be appropriate for the business and display the company's branded logo/wrap.
The FDD strongly recommends a white, midsize pickup truck, such as a Toyota Tundra or Nissan Frontier. The vehicle must be in excellent condition, clean, dent-free, and present a professional appearance.
The high end of the vehicle cost estimate, $30,000, assumes that the franchisee will lease a new vehicle, with associated fees and costs payable upon signing the lease. This is a significant investment that prospective franchisees should carefully consider. It is important to note that this cost is an estimate, and the actual cost may vary depending on the specific vehicle chosen and the terms of the lease or purchase agreement.