Is the initial opening inventory fee for Deck Medic franchisees refundable?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
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Opening Inventory
You must purchase your opening inventory of System Supplies from us or our affiliate, DM Supplies, which includes oil-based stains, wood cleaners and wood strippers. We estimate that your initial opening inventory of System Supplies that you must purchase from us or our affiliate will range between $2,500 to $5,000. Your initial opening inventory fees will be fully earned by us upon payme
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 opening inventory fees are non-refundable. The FDD states that franchisees must purchase their initial inventory of system supplies, including oil-based stains, wood cleaners, and wood strippers, from Deck Medic or its affiliate, DM Supplies.
The estimated cost for this initial opening inventory ranges from $2,500 to $5,000. This fee is fully earned by Deck Medic upon payment, meaning that under no circumstances will a franchisee receive a refund for this initial inventory purchase.
This non-refundable policy is a standard practice in franchising, as the franchisor incurs costs in preparing and providing the initial inventory. Prospective Deck Medic franchisees should factor this non-refundable fee into their initial investment calculations and understand that this money is committed once the payment is made.