What is the initial franchise fee for a single territory Deck Medic franchise?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
to Item 7 for a Single Territory
Note 1: Initial Franchise Fee – The Initial Franchise Fee for a Deck Medic Business under a Franchise Agreement is $30,000 for a single Territory. All fees are non-refundable. We may finance a portion of your in
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 initial franchise fee for a single territory is $30,000. This fee is paid in a lump sum when the Franchise Agreement is signed and is non-refundable. Deck Medic may offer financing for a portion of this initial franchise fee, as detailed in Item 10 of the FDD.
This initial franchise fee grants the franchisee the right to operate a Deck Medic business within a specific territory. It is a one-time payment that covers the franchisor's costs associated with granting the franchise, including training, support, and use of the Deck Medic brand and system.
Prospective franchisees should carefully consider the non-refundable nature of this fee. If the franchisee decides not to proceed with opening the Deck Medic business after signing the Franchise Agreement, the $30,000 fee will not be returned. It is advisable to review Item 10 for details on potential financing options for the initial franchise fee.