What is the estimated range for a Deck Medic storage unit?
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) |
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 a storage unit ranges from $200 to $500. Deck Medic does not require franchisees to purchase or lease real estate to operate the business, so obtaining a storage unit is optional.
The FDD notes that if a franchisee chooses to obtain a storage unit, it should be approximately 200 square feet to accommodate inventory and equipment. This cost is listed within the initial investment table, indicating it's a potential start-up expense.
Prospective franchisees should consider whether they have sufficient space to store equipment and inventory at their home or another location to avoid this cost. If not, they should budget between $200 and $500 for a storage unit as part of their initial investment.