What is the estimated maximum cost for a service vehicle and wraps for a Devon Creek franchise?
Devon_Creek Franchise · 2024 FDDAnswer from 2024 FDD Document
| Signage6 | $500 | $5,000 | As Agreed | As Incurred | Outside Suppliers |
|---|---|---|---|---|---|
| Business Licenses | $100 | $1,000 | As Agreed | As Incurred | Governmental |
| and Permits7 | agencies | ||||
| Initial Inventory to | $500 | $1,000 | Lump Sum | As Incurred | Outside |
| Begin Operating8 | Suppliers | ||||
| Furniture & Fixtures9 | $100 | 7,500 | Lump Sum | As Incurred | Outside Suppliers |
| Service Vehicle & | $1,000 | $15,000 | Lump Sum | As Incurred | Outside |
| Wraps10 | Suppliers | ||||
| Professional Fees11 | $500 | $1,000 | Lump Sum | As Incurred | Suppliers |
| Initial Launch | $3,000 | $18,000 | Lump Sum | As Incurred | Suppliers |
| Marketing12 | |||||
| Insurance13 | $100 | $10,000 | Lump Sum | As Incurred | Third Parties |
| Training/Computer | $300 | $5,000 | As Agreed | As Incurred | Outside |
| Equipment14 | Suppliers | ||||
| Office Equipment & | $100 | $500 | As Incurred | As Incurred | Third Parties |
| Supplies15 | |||||
| Operating Expenses / Additional Funds – 3 months16 | $5,000 | $15,000 | As Incurred | As Incurred | Cash reserves in franchisee’s banking account to pay ongoing payroll, suppliers, and vendors. |
| TOTAL | $30,000 $117,000 |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT – START UP FRANCHISEE (FDD pages 16–21)
What This Means (2024 FDD)
According to Devon Creek's 2024 Franchise Disclosure Document, the estimated high-end cost for a service vehicle and wraps is $15,000. This figure is part of the initial investment needed to start a Devon Creek franchise. The cost covers the expense to produce and install the service vehicle signage according to Devon Creek's brand standards.
The FDD specifies that franchisees must use a vehicle that meets Devon Creek's requirements for make, model, and age. The vehicle must be no more than 5 years old and in good condition before wrapping, without noticeable dents or damage. Franchisees can use their existing vehicle if it meets Devon Creek's standards and receives consent.
The document also mentions that the high end of the estimate represents the cost of three months of lease payments on a vehicle with no down payment. However, if a franchisee plans to purchase a vehicle, the cost will be significantly higher than the listed amount. The franchisee is responsible for maintaining the vehicle in good condition, cleanliness, and appearance, and for promptly repairing any visible exterior damage.