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1000 Degrees Pizzeria franchise financing options
Compare costs, fees and where to get financing for a 1000 Degrees Pizzeria.
Estimated initial costs
Our cost estimates are accurate as of 2021 from Franchise Direct and include opening fees and expenses only. The location you choose for your 1000 Degrees Pizzeria franchise may result in higher or lower fees.
Franchise fees1000 Degrees Pizzeria franchise fees total around $29,500, which beats out the $37,000 average for the 200 largest franchises nationwide.
|Initial franchise fee||$29,500 to $29,500|
|Estimated total||$29,500 to $29,500|
Real estate feesReal estate will set you back $212,500 for 1000 Degrees Pizzeria, thought it's less than the average of $788,376 for the top 200 franchises.
|Leasehold improvements||$65,000 to $360,000|
|Estimated total||$65,000 to $360,000|
Inventory costsInitial inventory for 1000 Degrees Pizzeria shakes out to $12,000. This is less than the nationwide average of $53,119.
|Opening inventory||$4,000 to $20,000|
|Estimated total||$4,000 to $20,000|
Marketing costsAdvertisement and marketing costs total up to $17,500 for 1000 Degrees Pizzeria, which is more than the nationwide average of $9,938.
|Grand opening advertising||$10,000 to $25,000|
|Local advertising||2% of gross sales.|
|Estimated total||$10,000 to $25,000|
Licenses and permits costs1000 Degrees Pizzeria initial licenses and permits will set you back $2,750. This comes out to less than $18,770 — the overall nationwide average.
|Licenses and permits||Cost|
|Permits||$500 to $5,000|
|Estimated total||$500 to $5,000|
Insurance costsInitial insurance costs for 1000 Degrees Pizzeria run $2,250. This means you'll be paying less than the overall nationwide average of $6,311.
|Insurance||$750 to $3,750|
|Estimated total||$750 to $3,750|
Administrative fees1000 Degrees Pizzeria administrative fees total up to $1,250 — which comes in under the overall nationwide average of $6,761.
|Legal expenses||$500 to $2,000|
|Audit||Cost of audit, plus 18% interest on the underpayment from the date of the underpayment.|
|Estimated total||$500 to $2,000|
Other expensesMiscellaneous expenses for 1000 Degrees Pizzeria total $25,000 — less than the nationwide average of $69,970.
|Three months' additional funds||$15,000 to $35,000|
|Estimated total||$15,000 to $35,000|
How to financeSince the estimated total for 1000 Degrees Pizzeria is on the more costly side, we recommend following these steps to get fully financed:
- Go to the 1000 Degrees Pizzeria franchising website and review its financial requirements, including cash-on-hand requirements.
- Reach out to 1000 Degrees Pizzeria about in-house financing for franchisees.
- If in-house financing isn't available, look for online loans, bank loans and SBA loans to help meet the $302,750 estimated opening costs.
- Compare lenders based on amounts, interest rates and what types of personal and business credit history they accept.
- Once you settle on a lender, gather all required documents, including account statements and assets.
- Apply for financing online or in person as required by the lender.
What types of financing is available?You have several options when it comes to financing a 1000 Degrees Pizzeria — even if the cost is on the heavier side. What assets you have available will largely determine how much you need to borrow, and which option suits you best.
- Online loan. A number of online business lenders offer amounts up to $1 million, with some extending up to $5 million.
- Bank loan. Your personal credit will typically need to at least be good — 670 or higher — when it comes to getting a bank loan large enough to cover a significant portion of 1000 Degrees Pizzeria opening costs.
- SBA loan. While your personal credit score doesn't need to be as good to qualify for an SBA loan, they usually cost more than standard term loans from banks or online lenders.
Compare small business lendersYou may not need financing to cover the estimated $125,250. But if you need funds for other business ventures, select the loan amount, your time in business and revenue and your personal credit score to compare a selection of lenders.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
How 1000 Degrees Pizzeria stacks upCompare how 1000 Degrees Pizzeria holds up against two similarly sized franchises.
|USA Insulation||1000 Degrees Pizzeria||Keyrenter Property Management|
|Average Franchise fees||$50,000||$29,500||$27,500|
|Average Equipment fees||$60,250||NA||$6,500|
|Average Real estate fees||$24,500||$212,500||$4,500|
|Average Training fees||NA||NA||$2,500|
|Average Inventory fees||$24,500||$12,000||NA|
|Average Marketing fees||$32,500||$17,500||NA|
|Average Licenses and permits fees||NA||$2,750||$2,325|
|Average Insurance fees||$5,000||$2,250||$3,000|
|Average Admin fees||NA||$1,250||$4,000|
|Average Personnel fees||NA||NA||NA|
|Average Other fees||$41,500||$25,000||$14,458|
Bottom line1000 Degrees Pizzeria franchise costs run a total of $302,750. Before you decide to become a franchisee, compare the total costs against industry averages. And to learn more about financing read our guide to franchise financing.
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