To whom are payments for the CRM/Back Office System made for a Crawlspace Medic franchise?
Crawlspace_Medic Franchise · 2024 FDDAnswer 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. |
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 payments for the CRM/Back Office System, which range from $2,500 to $4,300, are made to third-party providers. This payment is a lump sum due before opening the franchise.
The CRM/Back Office System includes specific computer hardware and software that Crawlspace Medic franchisees must obtain. This includes a general-purpose desktop or laptop computer, an all-in-one printer/copier/scanner/fax (or separate equipment providing these capabilities), a tablet computer, high-speed internet access, QuickBooks accounting software, and Vonigo software. The lower end of the estimated cost assumes that the franchisee already possesses a general-purpose computer and printing/copying/fax/scanning capabilities that can be dedicated to the Crawlspace Medic franchise business.
It is important for prospective franchisees to confirm with Crawlspace Medic which specific third-party providers are approved or required for the CRM/Back Office System. Understanding the included software and hardware is essential for budgeting and ensuring the franchise meets the brand's operational standards. Franchisees should also inquire about any ongoing costs associated with these systems, such as subscription fees or maintenance expenses, to fully understand the financial implications.