To whom is the payment for Sherwin Williams made 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 (Not |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 15–19)
What This Means (2024 FDD)
According to Deck Medic's 2024 Franchise Disclosure Document, when starting a franchise, payment for the Sherwin Williams start-up package is made directly to Sherwin Williams. This package, which costs between $3,000 and $5,000, includes essential equipment like a power washer, sprayers, and ladders necessary for operating the Deck Medic business.
This arrangement means that franchisees will need to establish a direct payment method with Sherwin Williams, which could involve setting up an account or arranging for payment upon delivery. The FDD specifies that the cost does not include transportation or setup costs, so franchisees should factor in these additional expenses when budgeting for their initial investment.
Prospective Deck Medic franchisees should confirm with the franchisor or existing franchisees the specific items included in the Sherwin Williams start-up package and whether there are any approved alternatives. Understanding the payment terms and any potential discounts available through the franchise network is also advisable to manage initial costs effectively.