What does the initial inventory for a Deck Medic franchise consist of?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
| Type of Expenditure | Amount | Method of Payment | When Due | | |---|---|---|---|---| | | | | | To Whom Payment is Made | | | | | | | | Initial Inventory | $2,500 – $5,000 | As arranged | As incurred | DM Supplies, | | (Note 5) | | | | Suppliers | Note 5: Initial Inventory – You must purchase your initial inventory comprised of, among other things, required equipment and supplies (including System Supplies) such as proprietary software, uniforms, business cards,
contracts, and toolbox items from our affiliate, DM Supplies, or from our designated suppliers. You must purchase one initial product order per service vehicle if you intend to operate more than one service vehicle in your Operating Territory. This initial inventory is intended as a minor supplement to the parts and supplies that you will be required to purchase on a month to month basis and in connection with the day to day operations of your Deck Medic Business. | Sherwin Williams | $3,000 – $5,000 | As arranged | As incurred | Sherwin Williams | | Start-Up Package | | | | | | (Note 3) | | | | | Note 3: Sherwin Williams Start-Up Package – You will be required to purchase certain types of equipment subject to our specifications. The Sherwin Williams Start-Up Package includes the equipment that you are required to purchase, including a power washer, sprayers, and ladders. You must purchase one Sherwin Williams Start-Up Package per service vehicle. These figures represent the purchase of the necessary equipment from suppliers to provide the services of your Deck Medic Business. The costs listed here do not include any transportation or set up costs. | Equipment (Note 4) | $1,000 – $2,000 | As arranged | As incurred | Suppliers | Note 4: Equipment – You will be required to purchase certain types of equipment, including tools (such as hammers, screw drivers, sanders, buffers, etc.), power washing ramps, and extension cords, from us or our approved manufacturers, suppliers and/or subject to our specifications. These figures represent the purchase of the necessary equipment from suppliers to provide the services of your Deck Medic Business. The costs listed here do not include any transportation or set up costs.
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 inventory you must purchase includes required equipment and supplies, such as proprietary software, uniforms, business cards, contracts, and toolbox items. This inventory must be purchased from Deck Medic's affiliate, DM Supplies, or from their designated suppliers. The cost of this initial inventory ranges from $2,500 to $5,000.
If you plan to operate more than one service vehicle in your territory, you are required to purchase one initial product order for each service vehicle. Deck Medic considers this initial inventory to be a minor supplement to the parts and supplies that you will need to purchase on a monthly basis for the day-to-day operations of your Deck Medic business.
In addition to the initial inventory, you will also be required to purchase a Sherwin Williams Start-Up Package, which includes equipment such as a power washer, sprayers, and ladders. You must purchase one Sherwin Williams Start-Up Package per service vehicle, with the package costing between $3,000 and $5,000. You will also need to acquire other equipment like tools, power washing ramps, and extension cords, which can cost between $1,000 and $2,000.