What is the estimated range for equipment costs when starting 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 the Sherwin Williams Start-Up Package ranges from $3,000 to $5,000. This package includes essential equipment like a power washer, sprayers, and ladders, and franchisees must purchase one package for each service vehicle they operate. Additionally, franchisees can expect to spend between $1,000 and $2,000 on other equipment such as tools, power washing ramps, and extension cords. These figures do not include any transportation or set up costs.
Prospective Deck Medic franchisees should factor these equipment costs into their initial investment. The Sherwin Williams Start-Up Package is a mandatory purchase, ensuring that franchisees have the necessary tools to begin operations. The additional equipment costs provide for a broader range of tools needed for deck maintenance and repair.
It's important to note that these are just estimates, and actual costs may vary. Franchisees should confirm pricing and availability with Sherwin Williams and other approved suppliers. Also, the FDD indicates that the costs listed do not include any transportation or set up costs, so franchisees should budget accordingly for these additional expenses.