Many factors can determine the exact investment required to start your own Mac Tools® franchise. Below is a list of potential costs associated with starting your business, and the estimated investment ranges for each. Financing is available for qualified candidates.
Type of Expenditure | Amount | Method of Payment | When Due | To Whom Payment Is To Be Made |
---|---|---|---|---|
Initial Franchise Fee | $8,000 | Lump sum | At signing of Franchise Agreement | Mac Tools |
Annual Fee | $1,200 | Lump sum | Within 30 days of the date of invoice | Mac Tools |
Travel and Living Expenses While Training | $2,025 to $4,050 | Lump sum | As arranged by you | Airlines, hotels, & restaurants |
Initial (Starter) Inventory | Up to $85,000 (less any incentives offered to you by us) | Lump sum | Upon signing the Franchise Agreement | Mac Tools |
Vehicle Purchase or Lease | $10,000 to $120,000 | As required by suppliers | As required by suppliers | Truck suppliers |
Vehicle Painting and Decal Application | $0 to $8,640 | Lump sum | Upon signing the Franchise Agreement | Suppliers of truck painting and decal application services |
Equipment | $0 to $1,500 | Lump sum | Prior to opening | Mac Tools and other suppliers |
Payment Processing Services | $0 to $500 | As required by provider | As required by provider | Approved suppliers |
Professional Fees | $850 to $1,800 | As arranged by you | As arranged by you | Your professional advisors |
Insurance | $271 to $340 per month; $1,626 to $2,040 for first 6 months | Lump sum | Prior to opening | Insurance company or companies |
Work Attire / Uniforms | $200 | Lump sum | Prior to opening | Approved suppliers |
Computer System | $2,500 to $4,200 | As arranged by you and supplier | Prior to signing the Franchise Agreement | Mac Tools or other designated supplier |
Advertising Associated With Commencement of Business | $50 to $250 | As incurred | Upon receipt of invoice | Suppliers |
Licenses, Permits and Authorizations | $50 to $250 | Lump sum | Prior to opening | Government agencies |
Additional Funds: 3 To 6 Months (Working Capital) | $20,000 to $50,000 | As incurred | As incurred | Various suppliers, employees and others |
All figures in the above table are estimates only. In US Dollars for franchisees in the US. Actual amounts will vary for each franchisee and each location depending upon a number of factors. The estimates provided above assume that you will operate one Route. Generally, none of the amounts presented in are refundable.