What are the requirements for the Bor Restoration Business Vehicle's appearance?
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 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. Your cost could be substan
Source: Item 7 — (FDD pages 15–18)
What This Means (2024 FDD)
According to Bor Restoration's 2024 Franchise Disclosure Document, the Business Vehicle, which can be a one-quarter-ton pickup truck or equivalent with a fourteen-foot enclosed trailer or a fourteen-foot enclosed box truck, must adhere to specific appearance standards. The vehicle can be purchased or leased from any source and may be used, but it cannot be more than ten years old based on the model year at the time of signing the Franchise Agreement. The vehicle must be free from body damage and rust and must be bright white.
Furthermore, Bor Restoration requires that the Business Vehicle be wrapped with their approved package, which costs a minimum of $1,000. This wrap must be purchased from an approved vendor. The FDD also specifies that the final cost for the Business Vehicle will depend on the chosen model, its age and condition, and the franchisee's location, noting that the cost could be substantially more than the initial estimate.
In addition to the vehicle and wrap costs, the franchisee is responsible for registration, taxes, licenses, and insurance for the Business Vehicle. These costs will vary depending on the municipality, county, and state where the franchisee is located, as well as the vehicle's model, age, and condition. The FDD provides an estimated initial investment range of $1,000 to $35,000 for the Business Vehicle and wrap, and an additional $0 to $1,500 for tax, title, and license fees, and $500 to $1,000 for insurance.