What is the maximum estimated cost for a service vehicle when starting a Deck Medic franchise?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
VESTMENT**
A. Single Territory
| Type of Expenditure | Amount | Method of Payment | When Due | |
|---|---|---|---|---|
| To Whom Payment is Made | ||||
| Initial Franchise Fee | $30,000 | Lump sum | When Franchise | Us |
| (Note 1) | Agreement is signed | |||
| Storage Unit (Note 2) | $200 – $ 500 | As arranged | As incurred |
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 estimated cost for a service vehicle ranges from $0 to $4,400. The high end of this estimate includes a $2,000 down payment and three months of lease installment payments or financed payments at $800 per month for one service vehicle. These payments are an ongoing expense throughout the operation of the Deck Medic business.
The FDD indicates that franchisees can use their own pre-existing vehicle if it meets Deck Medic's standards and specifications. However, if a franchisee does not have a suitable vehicle, they must use a Deck Medic branded and wrapped service vehicle for all customer visits. The service vehicle must meet Deck Medic's standards and specifications, be registered and insured as a commercial vehicle, be wrapped in accordance with brand standards, and be in relatively new and clean condition.
Typical vehicles approved by Deck Medic include a new or used van or pickup truck in good working condition. It is important to note that the cost of the service vehicle wrap, which ranges from $600 to $1,500, is a separate expense and is not included in the $0 to $4,400 estimate for the service vehicle itself. Therefore, franchisees should factor in this additional cost when budgeting for their initial investment.