What is the estimated low and high range for travel expenses for Deck Medic's initial training?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
| Service Vehicle Wrap | $600 – $1,500 | As arranged | As incurred | Suppliers |
|---|---|---|---|---|
| Start-Up Marketing | $5,000 – $20,000 | As arranged | As incurred | Suppliers |
| (Note 8) | ||||
| Insurance Deposits – | $500 – $2,500 | As arranged | As incurred | Insurers |
| Three Months (Note 9) | ||||
| Travel for Initial | $2,000 – $5,000 | As arranged | As incurred | Airlines, hotels, |
| Training (Note 10) | restaurants |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 15–19)
What This Means (2024 FDD)
According to Deck Medic's 2024 Franchise Disclosure Document, the estimated cost for travel expenses associated with the initial training program ranges from $2,000 to $5,000. This estimate covers the costs of transportation, such as airlines, hotels, and restaurants, incurred while attending the pre-opening initial training program. Deck Medic does not charge a fee for the pre-opening initial training itself.
Prospective franchisees should consider that these figures are estimates and the actual costs may vary depending on factors such as the distance traveled, choice of accommodation, and dining preferences. These expenses are "as incurred," meaning the franchisee will be responsible for paying these costs directly to the airlines, hotels, and restaurants as they are incurred during the training period.
It is important to note that these travel expenses are in addition to other initial investment costs outlined in Item 7 of the FDD. Franchisees should budget accordingly and factor in potential variations in travel costs when planning their initial investment. Contacting current franchisees may provide additional insight into the actual travel expenses encountered during their training.