Overall costs for AdvantaClean run anywhere from $64,850 to $90,950. See how the costs break down and what funding options might be right for your new venture into the franchise foray.
How COVID-19 affects franchising costs
Strict sanitation and employee protection measures during the coronavirus outbreak add to the typical costs you face when opening a new franchise. Paired with the unusually heavy amount of promotions that may be required by the franchise, you may not see as much in the way of profits starting out. For more information on what support is out there, read our guide to
loans for businesses affected by the coronavirus.
Estimated initial costs
Our cost estimates are accurate as of 2019 from
https://www.franchisedirect.com and include opening fees and expenses only. Your location may result in higher or lower fees.
Franchise fees
AdvantaClean franchise fees total around $19,950, which beats out the $37,000 average for the 200 largest franchises nationwide.
| Initial franchise fee |
$19,950 to $19,950 |
| Royalty |
Greater of: (i) 10% of the gross revenue; or (ii) the minimum royalty fee. |
| Estimated total |
$19,950 to $19,950 |
Equipment fees
Equipment fees total $42,700 for AdvantaClean. This is less than the $180,023 average for the top 200 franchises.
| Supplies, equipment and inventory package lease |
$36,000 to $45,000 |
| Technology systems package |
$0 to $3,000 |
| Office equipment, furniture and supplies |
$400 to $1,000 |
| Estimated total |
$36,400 to $49,000 |
Real estate fees
Real estate will set you back $3,000 for AdvantaClean, thought it's less than the average of $788,376 for the top 200 franchises.
| Real estate and security deposits |
$1,000 to $5,000 |
| Estimated total |
$1,000 to $5,000 |
Marketing costs
Advertisement and marketing costs total up to $3,750 for AdvantaClean, beating out the nationwide average of $9,938.
| Local advertising |
$2,500 to $5,000 |
| Estimated total |
$2,500 to $5,000 |
Licenses and permits costs
AdvantaClean initial licenses and permits will set you back $4,000. This comes out to less than $18,770 — the overall nationwide average.
| Licenses and certifications |
$3,000 to $5,000 |
| Estimated total |
$3,000 to $5,000 |
Insurance costs
Initial insurance costs for AdvantaClean run $3,250. This means you'll be paying less than the overall nationwide average of $6,311.
| Insurance deposits |
$1,500 to $5,000 |
| Insurance |
Cost to obtain and maintain required insurance under the Franchise Agreement, plus a service fee (if the franchisor is forced to obtain the required insurance for the franchisee on his/her behalf). |
| Estimated total |
$1,500 to $5,000 |
Administrative fees
AdvantaClean administrative fees total up to $1,250 — which comes in under the overall nationwide average of $6,761.
| Legal and accounting fees |
$500 to $2,000 |
| Technology fee |
The then-current technology fee, currently, $300 per month for the 1st protected territory, plus $200 per month for the 2nd protected territory (if applicable), plus $100 per month for each additional protected territory thereafter (if applicable). |
| Estimated total |
$500 to $2,000 |
All costs were found using the 200 largest franchises nationwide using Franchise Direct's list of more than 300 franchises, and are accurate as of 2019.
How to finance
The best way to finance AdvantaClean comes down to your personal financial situation. What assets you have available will largely determine how much you need to borrow, and which option suits you best. Potential solutions include:
- Bank loan. Your personal credit plays a large role in getting a business term loan from a bank. Typically this type of funding is for larger amounts.
- Online loan. Credit requirements may be more flexible for an online loan than a bank loan, but amounts may max out at a lower amount — typically around $1 million.
- SBA loan. The good part about SBA loans is that they top out at $5 million, but your business has to meet a number of requirements.
- Credit card. Small costs that aren't fixed, such as stray inventory and supply purchases, may be better off on a business credit card. Just make sure you can pay it off quickly to avoid high APRs.
Also check if AdvantaClean franchise financing is available. You may be able to get some of the costs covered for less than you would with other traditional funding options.
Compare small business lenders
How AdvantaClean stacks up
Compare how AdvantaClean holds up against two similarly sized franchises.
| Average Franchise fees |
$59,900 |
$19,950 |
$44,900 |
| Average Equipment fees |
$14,675 |
$42,700 |
$2,750 |
| Average Real estate fees |
$1,875 |
$3,000 |
$1,775 |
| Average Training fees |
$3,500 |
NA |
$1,675 |
| Average Inventory fees |
NA |
NA |
NA |
| Average Marketing fees |
NA |
$3,750 |
$3,500 |
| Average Licenses and permits fees |
$550 |
$4,000 |
NA |
| Average Insurance fees |
$2,300 |
$3,250 |
$2,000 |
| Average Admin fees |
NA |
$1,250 |
$112 |
| Average Personnel fees |
NA |
NA |
$2,500 |
| Average Other fees |
NA |
NA |
$11,000 |
Bottom line
AdvantaClean franchise costs run a total of $77,900. 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.
