factual

Is the initial opening inventory fee for Deck Medic franchisees refundable?

Deck_Medic Franchise · 2024 FDD

Answer from 2024 FDD Document

me.

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.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.