Editor's choice: OnDeck business lines of credit
- Business loan amounts up to $250k
- Repayment terms up to 18 months
- $100k in annual revenue required
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Our cost estimates are accurate as of 2021 from Franchise Direct and include opening fees and expenses only. The location you choose for your AAMCO franchise may result in higher or lower fees.
|Initial license fee||$39,500 to $39,500|
|Estimated total||$39,500 to $39,500|
|Signs, including in center opening package||$7,500 to $19,000|
|Shop equipment, supplies, lifts, installation, freight and taxes||$78,400 to $98,000|
|Point-of-sale system||$2,500 to $2,500|
|Three months' access and support for point-of-sale system||$500 to $500|
|Computer and phone system||$6,500 to $10,000|
|Office furniture||$5,500 to $7,000|
|Estimated total||$100,900 to $137,000|
|AAMCO security deposit||$5,000 to $5,000|
|Real estate and utility deposit||$14,000 to $43,000|
|Leasehold improvements||$8,500 to $12,000|
|Estimated total||$27,500 to $60,000|
|Business coach training||$10,000 to $10,000|
|Travel expenses for training||$2,000 to $4,000|
|Estimated total||$12,000 to $14,000|
|Grand opening advertising expenses||$3,000 to $3,000|
|Sales materials||$500 to $1,000|
|Three months' advertising||$4,700 to $13,500|
|Local advertising||$200 - $876/ week (average $550/week) for active pools; If no pool, greater of 4% of gross receipts or $400 (or 5% of gross receipts or $500 in top 20 markets as determined by Nielsen Media Research).|
|Estimated total||$8,200 to $17,500|
|Insurance||$1,500 to $2,500|
|Estimated total||$1,500 to $2,500|
|Miscellaneous costs and professional fees||$4,000 to $10,000|
|Three months' additional funds||$30,000 to $50,000|
|Estimated total||$34,000 to $60,000|
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
|Sylvan Learning||AAMCO||Pita Pit|
|Average Franchise fees||$24,000||$39,500||$27,000|
|Average Equipment fees||$25,728||$118,950||$118,302|
|Average Real estate fees||$31,000||$43,750||$218,085|
|Average Training fees||$1,200||$13,000||$2,100|
|Average Inventory fees||$2,020||NA||$6,500|
|Average Marketing fees||$10,000||$12,850||$3,751|
|Average Licenses and permits fees||NA||NA||$600|
|Average Insurance fees||NA||$2,000||$486|
|Average Admin fees||$330||NA||$1,500|
|Average Personnel fees||NA||NA||$1,415|
|Average Other fees||NA||$47,000||$29,325|
A business line of credit is a useful tool. But as a startup, you may not qualify for the best interest rates with most lenders. Explore your options — and alternatives — for flexible funding as a new business.
The Restaurant Revitalization Grant offers grants of up to $10 million to make up for revenue lost during COVID-19.
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