Is a Bor Restoration franchisee required to wrap the Business Vehicle?
Bor_Restoration Franchise · 2024 FDDAnswer from 2024 FDD Document
you choose.
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- You must have a late model truck, such as a one-quarter-ton pickup or equivalent, and a fourteen-foot enclosed trailer from any manufacturer or a fourteen-foot enclosed box truck (Business Vehicle), which may be purchased or leased from any source. The Business Vehicle may be used (though it may be no older than ten years as measured by the vehicle's model year on the date you and we sign the Franchise Agreement) and free from body damage and rust. It must be bright white. Subject to the above requirements, the Business Vehicle, and trailer may be any make or model. You may already own a vehicle that meets our requirements. If not, it may cost you the amount stated here to purchase or lease such a vehicle. You may purchase or lease the Business Vehicle from any source. The Business Vehicle must be wrapped with our approved package, which costs at least $1,000 and must be purchased from our appr
Source: Item 7 — (FDD pages 15–18)
What This Means (2024 FDD)
According to Bor Restoration's 2024 Franchise Disclosure Document, franchisees are required to wrap their Business Vehicle with an approved package. The FDD specifies that the Business Vehicle must be wrapped with Bor Restoration's approved package, which costs at least $1,000. This wrap must be purchased from an approved vendor.
The requirement to wrap the vehicle ensures brand consistency and visibility, which is a common practice in franchising. The cost of the vehicle wrap is part of the initial investment a franchisee must make to start the business. The table outlining the estimated initial investment lists the "Business Vehicle and Wrap" as costing between $1,000 and $35,000, which includes the cost of the wrap itself and the vehicle.
In addition to the wrap, the Business Vehicle itself must meet certain criteria. It must be a late-model truck, no older than ten years based on the model year at the time of signing the Franchise Agreement, and it must be bright white and free from body damage and rust. The franchisee is also responsible for registering the vehicle, paying taxes, and securing insurance, which are separate costs from the wrap. These costs can vary depending on the franchisee's location and the specific vehicle chosen.