What is the range for the Initial Franchise Fee for a Deck Medic franchise?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
YOUR ESTIMATED INITIAL INVESTMENT
| Type of Expenditure | Amount | Method of Payment | When Due |
|---|---|---|---|
| To Whom Payment is Made | |||
| Initial Franchise Fee | $50,000 – 95,000 | Lump sum | When Franchise |
| (Note 1) | Agreement is signed | ||
| Estimated Initial | $21,950 – $66,150 | Estimated Initial Investment is based on estimate contained | |
| Investment to Open | in Table A, above, of this Item 7, for a single Territory, less | ||
| Single Territory | the Initial Franchise Fee reported in Table A. | ||
| Total Estimate | $71,950 – $161,150 | ||
| (Note 2) |
Explanatory Notes to Item 7 for Multiple Territories
Note 1: Initial Franchise Fee – The Initial Franchise Fee for an operating territory comprised of a single Territory is $30,000.
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 initial franchise fee varies depending on the number of territories a franchisee acquires. For a single territory, the initial franchise fee is $30,000. However, if a franchisee chooses to expand their operating territory by adding more territories, the initial franchise fee will range from $50,000 to $95,000. This fee is paid in a lump sum when the Franchise Agreement is signed.
Specifically, the initial franchise fee for multiple territories starts at $50,000 for two territories and increases to $95,000 for six territories. This means that the more territories a franchisee commits to operating, the higher the initial franchise fee will be. This fee grants the franchisee the right to operate a Deck Medic business within the defined territory or territories.
It is important to note that the initial franchise fee is non-refundable, as stated elsewhere in the FDD. Prospective franchisees should carefully consider the number of territories they wish to operate and their financial capacity before signing the Franchise Agreement, as this decision will directly impact the initial franchise fee they are required to pay to Deck Medic.