What is the estimated range for a storage unit 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) |
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. This is detailed in Item 7, which outlines the estimated initial investment for a single territory.
It's important to note that obtaining a storage unit is optional for Deck Medic franchisees. If a franchisee chooses to get a storage unit, the document specifies that it should be approximately 200 square feet to accommodate equipment and inventory. This provides a clear guideline for the size of the unit needed to efficiently run the Deck Medic business.
The cost of the storage unit is paid to the landlord as incurred, meaning franchisees will need to budget for this expense as they begin operations. While not mandatory, a storage unit can be a practical consideration for managing equipment and supplies, especially for franchisees who do not have sufficient space at their home or another location.