What is the initial franchise fee for a single Deck Medic territory?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
ITEM 5 INITIAL FEES
When you sign a Franchise Agreement you must pay to us a non-refundable initial franchise fee (the "Initial Franchise Fee"). The Initial Franchise Fee is $30,000 for a geographic area that operates as a single territory with a population of approximately 400,000 to 600,000 people (a "Territory"). The Initial Franchise Fee is fully earned by us upon payment. The method we use to calculate the Initial Franchise Fee is uniform for all franchises that we offer through this Disclosure Document, except, as described below, we offer a veteran's discount, and multiterritory discount.
Qualified U.S. Military Veterans and First Responders Discount
For qualified individuals who were honorably discharged from any branch of the United States Military or are First Responders (as defined below), the Initial Franchise Fee shall be discounted by 10%. A "First Responder" is any current or former police officer, firefighter or emergency medical technician who served for more than five years in that capacity. This discount requires documented military service. This discount must be requested at the time of your initial franchise application and represents a one-time discount applicable to only the Initial Franchise Fee. This discount is subject to our approval of franchisee entering into our franchise system. This discount cannot be combined with other discounts of the Initial Franchise Fee
Multi-Territory and Multi-Franchise Discounts
Subject to market type, availability, and our discretion, at the time of signing your Franchise Agreement, you may request the right to purchase additional territories (each referred to as an "Additional Territory") to be added to your Operating Territory and operated under one Franchise Agreement. Each Additional Territory will be comprised of a population of approximately 400,000 to 600,000 people.
Source: Item 5 — INITIAL FEES (FDD pages 10–11)
What This Means (2024 FDD)
According to Deck Medic's 2024 Franchise Disclosure Document, the initial franchise fee for a single territory is $30,000. This fee is non-refundable and is due when you sign the Franchise Agreement. Deck Medic defines a single territory as a geographic area with a population of approximately 400,000 to 600,000 people. Deck Medic considers the initial franchise fee fully earned upon payment.
Deck Medic offers discounts on the initial franchise fee to qualified U.S. military veterans and first responders. These individuals may be eligible for a 10% discount, which must be requested at the time of the initial franchise application and requires documented military service or proof of service as a first responder. This discount cannot be combined with other discounts.
For franchisees interested in securing multiple territories, Deck Medic offers discounted initial franchise fees. The initial franchise fee for a single territory is $30,000. However, if a franchisee purchases two territories, the cumulative fee is $50,000, averaging $25,000 per territory. The cumulative fee increases to $65,000 for three territories ($21,666.67 average), $75,000 for four ($18,750 average), $85,000 for five ($17,000 average), and $95,000 for six territories ($15,833.33 average). These discounts are applicable only for Franchise Agreements signed at the same time and are subject to market type, availability, and Deck Medic's discretion.