What is the maximum estimated cost for a vehicle 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 initial investment for a vehicle ranges from $0 to $30,000. The high end of this estimate assumes the franchisee will lease a new vehicle, with associated fees and costs due upon signing the lease. Bombs Away requires franchisees to use a vehicle appropriate for the business, displaying the company's branded logo/wrap.
Bombs Away 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 low-end estimate of $0 assumes the franchisee already owns a suitable personal vehicle for business use.
This significant range in vehicle costs highlights the importance of a franchisee's individual circumstances. A franchisee who already owns a suitable vehicle will face a much lower initial investment compared to someone who needs to acquire a new or leased vehicle to meet Bombs Away's standards. It is important to note that the vehicle cost is an important factor to consider when evaluating the overall financial feasibility of a Bombs Away franchise.