factual

Does Crawlspace Medic offer discounts on the initial franchise fee?

Crawlspace_Medic Franchise · 2024 FDD

Answer from 2024 FDD Document

YOUR ESTIMATED INITIAL INVESTMENT

Type of Expenditure Amount Method of Payment When Due To Whom Payment is Made
Initial Franchise Fee1 $59,000 Lump sum payment in cash or available funds. Upon signing the Franchise Agreement. Payable to us
Design and $0 to As incurred Before opening Third-Party Providers
Architectural Fees2 $3,000
Construction, Leasehold Improvements 2 $0 to $20,000 As incurred Before opening Contractor/Third-Party providers
Furniture and $1,000 to As incurred Before opening Third-Party Providers
Fixtures2 $5,000
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
CRM/Back Office $2,500 to Lump Sum Before opening Third-party providers
System5 $4,300
Initial Inventory6 $0 to $800 As incurred Before opening Payable to us
Facility Occupancy $0 to As incurred Before opening Landlord
Costs7 $2,500
Lease, Utility, and $1,300 to As incurred Before opening Utility providers
Security Deposits8 $2,600
Insurance Deposits $2,000 to As arranged Before opening Insurance company
and Premiums9 $8,000
Pre-opening Travel and Training Expense10 $5,000 to $10,000 As incurred Before opening Airline, hotel, restaurants
Initial Launch $5,000 to As incurred Prior to opening Third parties
Marketing $10,000
Professional Fees11 $1,000 to $8,000 As arranged Before opening Attorneys, accountants
Business Permits and $500 to As incurred Before opening Licensing Authorities
Licenses12 $1,500
Office Equipment and $1,000 to As incurred Before opening Third-party providers
Supplies13 $1,500
Additional funds – 3 $40,000 to As incurred After opening Various
Months14 $60,000
TOTAL15 $118,900 to $242,200

Notes:

    1. The initial franchise fee is the same for all similarly situated franchisees.

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 franchise fee is $59,000, and the document refers to Item 5 for available discounts. Item 7, which details the estimated initial investment, notes that the initial franchise fee is the same for all similarly situated franchisees.

Item 7 presents a table that includes the initial franchise fee as part of the total estimated initial investment, which ranges from $118,900 to $242,200. This total encompasses various expenditures, such as design and architectural fees ($0 to $3,000), construction and leasehold improvements ($0 to $20,000), furniture and fixtures ($1,000 to $5,000), equipment including a vehicle ($10,000 to $53,000), signage ($600 to $3,000), CRM/Back Office system ($2,500 to $4,300), initial inventory ($0 to $800), facility occupancy costs ($0 to $2,500), lease, utility, and security deposits ($1,300 to $2,600), insurance deposits and premiums ($2,000 to $8,000), pre-opening travel and training expenses ($5,000 to $10,000), initial launch marketing ($5,000 to $10,000), professional fees ($1,000 to $8,000), business permits and licenses ($500 to $1,500), office equipment and supplies ($1,000 to $1,500), and additional funds for the first three months ($40,000 to $60,000).

A prospective franchisee should refer to Item 5 of the FDD to understand the specific discount opportunities that Crawlspace Medic may offer. Understanding the conditions and eligibility requirements for any discounts on the initial franchise fee is an important aspect of evaluating the overall financial commitment.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.