What is the estimated range for Sherwin Williams expenses for a Deck Medic franchise?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
| 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 – $5,000 | As arranged | As incurred | Sherwin Williams |
| Start-Up Package | ||||
| (Note 3) | ||||
| Equipment (Note 4) | $1,000 – $2,000 | As arranged | As incurred | Suppliers |
| Initial Inventory | $2,500 – $5,000 | As arranged | As incurred | DM Supplies, |
| (Note 5) | Suppliers | |||
| Computer, Software, | $0 – $2,000 | As arranged | As incurred | Suppliers |
| and Business | ||||
| Management System | ||||
| (Note 6) | ||||
| Service Vehicle | $0 – $4,400 | As arranged | As incurred | Automobile |
| (Note 7) | dealers |
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 is a required purchase and includes essential equipment such as a power washer, sprayers, and ladders necessary for operating the Deck Medic business. Each service vehicle requires its own Sherwin Williams Start-Up Package.
This cost is part of the initial investment a franchisee must make to begin operations. The payment is arranged directly with Sherwin Williams and is due as incurred. It's important to note that the listed costs do not include any transportation or setup fees for the equipment.
Prospective franchisees should factor this expense into their initial budget, ensuring they have sufficient capital to cover the cost of the Sherwin Williams Start-Up Package for each service vehicle they plan to operate. Understanding the specifics of what is included in the package and any potential additional costs for transportation and setup is crucial for accurate financial planning.