Bumperdoc
Date of Incorporation: May 30, 2007
Franchising Since: December, 2007
Address: California
Description: Automotive Reconditioning Franchises does business under the corporate name "BUMPERDOC." Automotive Reconditioning Franchises is a company which operates and sells franchises for the operation of automobile reconditioning centers known as "BUMPERDOC."
Franchise Offer: The services and products of a Center are used primarily by the general public for body repair, repainting and reconditioning of their personal automobiles.
Financial Assistance: Neither franchisor nor any affiliates offer, either directly or indirectly, any financing arrangements. The franchisor does not guarantee any note, lease or obligation.
Training and Assistance: The franchisor provides 14 days of intensive training in the operation and management of the Center. The training will be conducted at the headquarters or another training site. In addition, the franchisor will provide a minimum of 5 days of on site assistance and training upon or after the opening of a new Center. The training is in management methods and techniques rather than in mechanical skills. There is also "on-the-job" training during this period in all phases of the operation of a BUMPERDOC Center. The franchisee must bear all expenses during the training period.
Territory: The franchisee may operate the Center only at the location approved by franchisor. However, the franchisee is not restricted as to where they may go to solicit business or the customers whom they may solicit. Pursuant to the Franchise Agreement, the franchisor has the right to grant additional franchises using the Proprietary Marks in the Designated Area in which the Center is located. However, the franchisee will receive a protected Territory (the "Territory") within which the franchisor will not locate another franchise or company-owned location.
Term of Agreement and Renewal: The term of the franchise agreement is 7 years. Renewal or extension of the term is up to three, five-year renewals if the franchisee meets certain requirements such as written notice, not then in default, paid all amounts owed, provide a current lease for the premises, refurbish Center and sign Renewal Addendum to Franchise Agreement.
Obligations and Restrictions: The franchisee must devote full time, energy and efforts to the management and supervision of the Center. The Center must at all times be managed and operated by the franchisee.
Total Number of Units: No franchised outlets at the end of the financial year 2007.
Earning Claims: BUMPERDOC affiliate owned centre gross receipts for the year ended 2007 is 1,519,539
Financial Statements: Net loss of $2,765 for the year ended 2007.
Investment Table:
Initial Investment:
| Name of fee | Low | High |
|---|---|---|
| Initial Franchise Fee | $25,000 | $25,000 |
| Initial Advertising Contribution | $19,000 | $19,000 |
| Creation of Websites | $6,000 | $6,000 |
| Equipment and Hardware | $22,529 | $26,760 |
| Opening Inventory, Paint and Supplies | $20,588 | $22,802 |
| Opening Lobby and Office Supplies | $13,358 | $22,589 |
| Stationery and Promotional Materials | $1,673 | $1,979 |
| Signage | $8,750 | $19,010 |
| Insurance | $1,500 | $3,000 |
| Miscellaneous Opening Costs | $9,600 | $16,900 |
| Proprietary BUMPERDOC Management System | $7,000 | $7,000 |
| Information Technology Setup | $2,000 | $2,000 |
| Leasehold Improvements | $10,000 | $40,000 |
| Three Month's Rent | $12,000 | $24,000 |
| Three Month's Salary Expense | $21,000 | $39,000 |
| Additional Funds - 3 months | $5,610 | $8,985 |
| Total (Pre opening and first 3 months of operation) | $185,608 | $284,025 |
Ongoing Fees:
| Name of Fee | Amount |
|---|---|
| Royalty Fee | 7% of Gross Receipts of the Center |
| System Advertising Fund | 2% of Gross Receipts of the Center. |
| Ongoing Local Marketing | A minimum of $1,000 per month must be spent on local advertising expenses. |
| Annual BUMPERDOC Management System | $750 per year |
| Additional Training and Re-Training Fees | Expenses and then-current daily re¬training fees, currently $400 per day |
| Audit Expenses | Cost of audit including the charges of any independent accountant and the travel expenses, room and board and compensation of employees |
| Resale Initial Franchise Fee | 65% of the then-current franchise fee |
| Resale Initial Advertising Deposit | $10,000 |
| Relocation Fees | If the franchisor approves relocation, 10% of the then-current franchise fee. |
| Interest on Late Payments | The maximum rate permitted by law or, in the absence of such rate, a rate equal to 1.5% per month. |
| Insurance Reimbursement | Policy cost plus reasonable fee for the franchisors expenses, if the franchisee does not acquire it themselves. |
| Indemnification | Will vary under circumstances |
| Costs of Enforcement of the Franchise Agreement | Will vary under circumstances |
| Premises of Center | Will vary under circumstances |
The above information has been taken from the UFOC/FDD of the Automotive Reconditioning Franchises.
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