Who are the typical suppliers for a service vehicle and wraps for a Devon Creek franchise?
Devon_Creek Franchise · 2024 FDDAnswer from 2024 FDD Document
| Type of Expenditure | Amount Low | Amount High | Method of Payment | When Due | To Whom Payment is Made |
|---|---|---|---|---|---|
| Service Vehicle & | $3,000 | $10,000 | As | As Incurred | Suppliers |
| Wraps10 | Arranged |
| 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 |
10You must use a vehicle of the make, model, and age we require, for travel to your clients' properties. Your vehicle must be no more than 5 years old and in good condition at the time vehicle wrapping occurs, free of noticeable dents or damage. You may use a vehicle you currently own, if we determine, in our sole discretion, that it meets our specifications, and we give our consent. If you must purchase or lease a vehicle, we list current acceptable manufacturer/models in our operations manual. The high end of the above estimate represents the cost of three (3) months of lease payments on a vehicle with no down payment. You must maintain your vehicle in good working order, cleanliness and appearance and promptly repair any visible exterior damage, including but not limited to, dents and scratches. Your actual costs may be higher than the above-listed amount, depending on the quantity of equipment you lease and your credit history. We recommend that you lease this equipment from our approved suppliers. You may elect to purchase, rather than lease, your equipment. If you plan to purchase your vehicle the cost will be significantly higher than what is listed above.
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 suppliers for the service vehicle and wraps are 'Suppliers' or 'Outside Suppliers'.
The FDD states that the estimated initial investment for a service vehicle and wraps ranges from $1,000 to $15,000, depending on the specific vehicle chosen and the extent of the wrapping. This cost is paid as incurred to the suppliers. Devon Creek requires franchisees to use a vehicle that is no more than 5 years old and meets specific make, model, and age requirements. Franchisees can use a vehicle they already own if it meets Devon Creek's standards and receives their consent. If a franchisee needs to purchase or lease a vehicle, acceptable manufacturers and models are listed in the operations manual.
Devon Creek also recommends that franchisees lease equipment from approved suppliers. While purchasing a vehicle is an option, it will significantly increase the initial investment compared to leasing. Franchisees are responsible for maintaining their vehicles in good condition, including promptly repairing any exterior damage. The FDD provides a general idea of potential suppliers, but franchisees should consult the operations manual and Devon Creek directly for a current list of approved vendors to ensure compliance with brand standards and specifications.