What does the Crawlspace Medic initial investment estimate include for vehicle wrapping?
Crawlspace_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
| Type of Expenditure | Amount | Method of Payment | When Due | To Whom Payment is Made |
|---|---|---|---|---|
| Equipment (Including | $10,000 to | Lump sum | Before opening | Third-party providers and |
| Vehicle)3 | $53,000 | us | ||
| Signage (including | $600 to | As incurred | Before opening | Third-party providers or |
| vehicle)4 | $3,000 | Us |
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- These figures represent the purchase of the necessary equipment to provide the franchised services, including the vehicle, wrapping of vehicle and other associated costs. You must have a vehicle that meets our minimum specifications as outlined in the Operations Manual. This figure also includes other required equipment. The low estimate assumes that you already have a vehicle that meets our specifications. Third-party financing may be available for qualified candidates for some of the costs, however, with such financing comes associated costs and fees which will cause the cost to exceed what is indicated in this chart.
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- This estimate is for the cost to install custom vehicle wrapping on your business vehicle. Your vehicle must be wrapped to our specifications.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 16–20)
What This Means (2024 FDD)
According to Crawlspace Medic's 2024 Franchise Disclosure Document, the initial investment estimate for 'Equipment (Including Vehicle)' includes the vehicle itself, wrapping of the vehicle, and other associated costs. The estimated cost for this category ranges from $10,000 to $53,000. The lower end of the estimate assumes the franchisee already owns a vehicle that meets Crawlspace Medic's specifications.
The 'Signage (including vehicle)' category covers the cost to install custom vehicle wrapping on the business vehicle, with an estimated range of $600 to $3,000. Crawlspace Medic requires the franchisee's vehicle to be wrapped according to their specifications.
Prospective franchisees should note that the total initial investment ranges from $118,900 to $242,200, which includes these vehicle-related expenses along with other costs such as the initial franchise fee, construction, leasehold improvements, furniture, fixtures, initial inventory, and additional funds for the first three months of operation. The FDD advises that third-party financing may be available for some costs, but this will incur additional fees. Franchisees should carefully consider these costs and consult with Crawlspace Medic to understand the vehicle specifications and wrapping requirements to budget accordingly.