TL;DR
Startup costs for franchises can range from $10,000 to over $1 million, with various fees including real estate, leases, and equipment. Most people seek outside financing when they purchase a franchise, and many loan options are available.
Whether you’re on a tight budget or have $1 million in capital sitting in the bank, there is no shortage of investment opportunities available in the franchise world.
Startup costs vary, but they typically range from $10,000 to more than $1 million. Other fees include real estate, leases, franchise fees, equipment, inventory and insurance.
Most people seek outside financing when they purchase a franchise, and many loan options are available, including rollover as business startups, Small Business Administration loans, home equity loans, a second mortgage, using your own savings or financing through the franchisor.
In this story
This story was originally published in 1851 Franchise on October 28, 2021. Burnaze summarizes and links to the original reporting.
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