What does the low estimate for the Casa De Corazon minibus assume?
Casa_De_Corazon Franchise · 2025 FDDAnswer from 2025 FDD Document
ts are in addition to the payment of the Initial Franchise Fee.
- (3) Minibus. These estimates are for one minibus that you will use to transport children to various activities. The low estimate assumes you lease the minibus and the high estimate assumes you purchase a new minibus. In either case, the vehicle must meet our specifications which include that the minibus not seat more than 14 passengers, must be equipped with 5 point harness restraints, have a first aid kit on board, be decaled as we require, and meet all legal requirements including those of the Department of Transportation. The low estimate assumes a 3-year lease for the minibus, with $2,000 down. The high estimat
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 15–18)
What This Means (2025 FDD)
According to Casa De Corazon's 2025 Franchise Disclosure Document, the low estimate for the minibus is based on leasing the vehicle. The FDD specifies that the low estimate for the minibus is $3,000, while the high estimate is $55,000. The low estimate assumes a 3-year lease with a $2,000 down payment.
Regardless of whether the franchisee chooses to lease or purchase, the minibus must meet Casa De Corazon's standards. These standards include not seating more than 14 passengers, being equipped with 5-point harness restraints, having a first aid kit on board, being decaled as required by Casa De Corazon, and meeting all legal requirements, including those of the Department of Transportation.
For a prospective franchisee, this means that the initial investment for a minibus can vary significantly based on whether they choose to lease or purchase. Leasing offers a lower upfront cost, but purchasing results in ownership of the vehicle. It is important to factor in the ongoing lease payments versus the total cost of purchasing when making this decision. Additionally, franchisees must ensure that any vehicle they lease or purchase meets Casa De Corazon's specific requirements and all applicable legal standards.