When are utilities payments due for a Care Plus Medical Ucc franchise?
Care_Plus_Medical_Ucc Franchise · 2024 FDDAnswer from 2024 FDD Document
| Type of expenditure | Amount | ; | Method of payment | When due | To whom payment is to be made |
|---|---|---|---|---|---|
| Utilities | $100 - | $1,000 | Check, debit, and/or credit | Upon ordering service | Utility providers |
| Additional funds (for first 3 months) (see Note 3) | $75,000 - $125,000 | Varies | Varies | Employees, suppliers, utilities | |
| Total | $191,933 - $349,000 | This is the total estimated initial investment to open and commence operating your initial location for the first three months (as described more fully in Chart A of this Item 7). See Note 3. |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 16–18)
What This Means (2024 FDD)
According to Care Plus Medical Ucc's 2024 Franchise Disclosure Document, utility payments are due upon ordering service. The estimated cost for utilities ranges from $100 to $1,000. Payments can be made via check, debit, and/or credit. These payments are made directly to the utility providers.
Prospective franchisees should budget for these initial utility costs as part of their startup expenses. It's important to note that the utility deposit is usually refundable unless money is owed to the utility provider. This initial investment is part of the total estimated initial investment to open and commence operating a Care Plus Medical Ucc location for the first three months, which ranges from $191,933 to $349,000.
Additionally, the FDD mentions 'additional funds' for the first three months of operation, ranging from $75,000 to $125,000, which includes expenses such as payroll, suppliers, and utilities. This suggests that while the initial utility connection fee is due upon ordering service, ongoing utility bills are factored into the additional funds needed during the initial months of operation. Franchisees should carefully manage their utility usage and payments to stay within their budget during this critical startup phase.