What is the estimated monthly lease or finance payment assumed for a Deck Medic service vehicle?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
he "Business Management System").
Note 7: Service Vehicle – You may use your own preexisting vehicle if it meets our standards and specifications. If you do not have a service vehicle, you must use a Deck Medic branded and wrapped service vehicle for all customer visits. The high end of this estimate assumes a down payment of $2,000 and three months of lease installment payments or financed payments at $800 per month for one service vehicle. These payments will be an on-going expense throughout the operation of your Deck Medic Business. The service vehicle must meet our standards, and specifications, be registered and insured as a commercial vehicle, be wrapped in accordance with our brand standards and specifications and be in a relatively new and clean condition. Typical vehicles that we approve include a new or used van or picku
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 15–19)
What This Means (2024 FDD)
According to Deck Medic's 2024 Franchise Disclosure Document, if a franchisee does not have a pre-existing vehicle that meets Deck Medic's standards, they must obtain a Deck Medic branded and wrapped service vehicle. The high-end estimate for the service vehicle assumes a $2,000 down payment and monthly lease or finance payments of $800.
This $800 per month payment is an ongoing expense throughout the operation of the Deck Medic business. The vehicle must meet Deck Medic's standards and specifications, be registered and insured as a commercial vehicle, be wrapped in accordance with brand standards, and be in relatively new and clean condition.
Deck Medic approves typical vehicles such as a new or used van or pickup truck in good working condition. The initial investment table in Item 7 shows a range of $0 to $4,400 for the service vehicle, but the explanatory note clarifies the assumptions behind the high end of this range.