To whom are utility payments made for a Care Plus Medical Ucc franchise?
Care_Plus_Medical_Ucc Franchise · 2024 FDDAnswer from 2024 FDD Document
CHISE AGREEMENT
| Type of expenditure | Amount | ; | Method of payment | When due | To whom payment is to be made |
|---|---|---|---|---|---|
| Initial franchise fee (see Note 1) | $60,000 - | $60,000 | Check or wire transfer | Upon signing the franchise agreement | Us |
| Rent and Lease Security | $2,083 - | $20,000 | Check | Upon signing lease | Landlord |
| Deposit (see Note 2) | |||||
| Utilities | $100 - | $1,000 | Check, debit, and/or credit | Upon ordering service | Utility providers |
| Leasehold | $15,000 - | $45,000 | Check | As inc |
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, payments for utilities are made directly to the utility providers. The estimated cost for utilities ranges from $100 to $1,000. These payments are typically made via check, debit card, or credit card upon ordering the service.
This means a prospective Care Plus Medical Ucc franchisee will need to establish accounts with local utility companies (such as electricity, gas, water, and internet) and arrange for payments. The initial deposit and ongoing payments will be made directly to those utility companies. The FDD also indicates that the franchisee may need to budget additional funds for utilities during the first three months of operation, as part of the $75,000 to $125,000 allocated for additional funds.
It is important for prospective franchisees to factor in these utility costs when planning their initial investment and ongoing operating expenses. The actual amount will depend on the location, size of the facility, and usage patterns. Contacting local utility providers during the due diligence phase to get estimates for the specific location can help in refining these projections.