What does the high-end vehicle estimate for a Bombs Away franchise assume?
Bombs_Away Franchise · 2024 FDDAnswer from 2024 FDD Document
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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 high-end estimate for a vehicle, which is listed as $30,000, assumes that the franchisee will lease a new vehicle. This amount covers certain fees and costs payable upon signing the lease. Bombs Away strongly recommends a midsize pickup truck, white in color, such as a Toyota Tundra or Nissan Frontier.
Bombs Away requires that the vehicle used for the business has their branded logo/wrap and is appropriate for the business. The vehicle must be in excellent or better condition, clean, dent-free, and otherwise presenting a professional appearance.
For a prospective Bombs Away franchisee, this means that if they do not already own a suitable vehicle, they should budget up to $30,000 for leasing a new vehicle that meets Bombs Away's standards. The low-end estimate assumes the franchisee already has a personal vehicle for the business.