What is the estimated range for equipment costs for a Deck Medic franchise?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
VESTMENT**
A. Single Territory
| Type of Expenditure | Amount | Method of Payment | When Due | |
|---|---|---|---|---|
| To Whom Payment is Made | ||||
| Initial Franchise Fee | $30,000 | Lump sum | When Franchise | Us |
| (Note 1) | Agreement is signed | |||
| Storage Unit (Note 2) | $200 – $ 500 | As arranged | As incurred | Landlord |
| Sherwin Williams | $3,000 – |
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 equipment ranges from $1,000 to $2,000. This figure covers essential tools like hammers, screwdrivers, sanders, buffers, power washing ramps, and extension cords. These items must be purchased from Deck Medic or its approved suppliers, adhering to their specifications. Note that this estimate excludes any transportation or setup costs associated with acquiring the equipment.
In addition to general equipment, Deck Medic franchisees are required to purchase a Sherwin Williams Start-Up Package, which includes a power washer, sprayers, and ladders. The cost for this package is estimated to be between $3,000 and $5,000. A franchisee must purchase one Sherwin Williams Start-Up Package for each service vehicle they operate.
Prospective franchisees should factor in these equipment costs when assessing the overall initial investment required to start a Deck Medic franchise. It's important to clarify with Deck Medic or its approved suppliers what specific items are included in the equipment and Sherwin Williams Start-Up Package to ensure accurate budgeting and avoid unexpected expenses.