What is the minimum amount a Bor Restoration franchisee must spend on the vehicle wrap?
Bor_Restoration Franchise · 2024 FDDAnswer from 2024 FDD Document
any source. The Business Vehicle must be wrapped with our approved package, which costs at least $1,000 and must be purchased from our approved vendor.
Your final cost for the Business Vehicle will depend upon the model you choose, its age and condition, and your location in the country. Your cost could be substantially more.
You must also register the Business Vehicle, pay the taxes for it, and purchase the licenses, the cost of which will vary depending on the municipality, county, and state where you live. You will also be required to insure it. Your costs for these licenses and insurance will depend on the model of vehicle you choose, its age and condition, and your location in the country.
Source: Item 7 — (FDD pages 15–18)
What This Means (2024 FDD)
According to Bor Restoration's 2024 Franchise Disclosure Document, a franchisee must spend a minimum of $1,000 for the vehicle wrap. The FDD specifies that the Business Vehicle must be wrapped with Bor Restoration's approved package, and this must be purchased from their approved vendor.
The cost for the Business Vehicle and wrap is estimated to range from $1,000 to $35,000, which is due before opening. This total cost includes the vehicle itself, in addition to the mandatory wrap.
Prospective franchisees should consider this cost when planning their initial investment. It is important to note that the $1,000 is the minimum for the wrap alone, and the total cost of the vehicle and wrap could be significantly higher depending on the franchisee's choice of vehicle.