factual

To whom is the payment for Sherwin Williams made when starting a Deck Medic franchise?

Deck_Medic Franchise · 2024 FDD

Answer 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.

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.