What is the standard initial franchise fee for a single territory Deck Medic franchise?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
ITEM 5 INITIAL FEES
When you sign a Franchise Agreement you must pay to us a non-refundable initial franchise fee (the "Initial Franchise Fee"). The Initial Franchise Fee is $30,000 for a geographic area that operates as a single territory with a population of approximately 400,000 to 600,000 people (a "Territory"). The Initial Franchise Fee is fully earned by us upon payment. The method we use to calculate the Initial Franchise Fee is uniform for all franchises that we offer through this Disclosure Document, except, as described below, we offer a veteran's discount, and multiterritory discount.
Qualified U.S. Military Veterans and First Responders Discount
For qualified individuals who were honorably discharged from any branch of the United States Military or are First Responders (as defined below), the Initial Franchise Fee shall be discounted by 10%. A "First Responder" is any current or former police officer, firefighter or emergency medical technician who served for more than five years in that capacity. This discount requires documented military service. This discount must be requested at the time of your initial franchise application and represents a one-time discount applicable to only the Initial Franchise Fee. This discount is subject to our approval of franchisee entering into our franchise system. This discount cannot be combined with other discounts of the Initial Franchise Fee
Multi-Territory and Multi-Franchise Discounts
Subject to market type, availability, and our discretion, at the time of signing your Franchise Agreement, you may request the right to purchase additional territories (each referred to as an "Additional Territory") to be added to your Operating Territory and operated under one Franchise Agreement. Each Additional Territory will be comprised of a population of approximately 400,000 to 600,000 people. Your first Territory and, if applicable, each Additional Territory is referred to collectively as your "Territories" and, individually, as a "Territory." When purchasing Additional Territories, the following initial franchise fees shall apply:
| Total Territories Purchased | Cumulative Fee | Average Initial Franchise Fee per |
|---|---|---|
| Territory | ||
| 1 | $30,000 | $30,000 |
| 2 | $50,000 | $25,000 |
| 3 | $65,000 | $21,666.67 |
| 4 | $75,000 | $18,750 |
| 5 | $85,000 | $17,000 |
| 6 | $95,000 | $15,833.33 |
Subject to market type, availability, and our discretion, if you elect to enter multiple Franchise Agreements, we will apply the same Territory discounts as set forth in the above table.
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 franchise fee for a single territory is $30,000. This fee grants the franchisee the right to operate in a defined geographic area, referred to as a "Territory," with a population of approximately 400,000 to 600,000 people. Deck Medic states that this initial franchise fee is non-refundable and is considered fully earned by them upon payment. This fee is standard across all franchises offered in the document.
Deck Medic does offer discounts on the initial franchise fee under certain conditions. Qualified U.S. military veterans and first responders are eligible for a 10% discount on the initial franchise fee. To qualify as a "First Responder," individuals must be current or former police officers, firefighters, or emergency medical technicians who have served for more than five years in that capacity. This discount requires documented military service or first responder service and must be requested at the time of the initial franchise application.
For franchisees interested in securing multiple territories, Deck Medic offers discounts on the initial franchise fee for each additional territory purchased. These discounts are subject to market availability and Deck Medic's discretion. For example, purchasing two territories simultaneously results in a cumulative fee of $50,000, averaging $25,000 per territory, while purchasing three territories brings the cumulative fee to $65,000, averaging $21,666.67 per territory. These discounts are only applicable for Franchise Agreements signed at the same time.