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 American Poolplayers Association franchise may result in higher or lower fees.
|Equipment, including computer software and hardware||$2,597 to $4,782|
|Estimated total||$2,597 to $4,782|
|Training seminar expenses||$1,434 to $2,334|
|Two days additional training during first year||$813 to $1,713|
|Estimated total||$2,247 to $4,047|
|First year's insurance||$478.79 to $478.79|
|Insurance premium||If the franchisee opts to purchase insurance through the LSC Insurance Agency, Inc., APA will collect the franchiseeu2019s premium in one payment made annually. The amount will vary year to year.|
|Estimated total||$479 to $479|
|Broadband internet access, monthly||$60 to $60|
|Attorney and accountant fees||$2,000 to $2,000|
|Audit||If an audit reveals that the franchisee has understated amounts due to APA by more than 2%, the franchisee must pay the full amount owed plus interest at 1.5% per month, applicable late fees and the costs of the audit.|
|Costs and attorneys' fees||Will vary under the circumstances.|
|Estimated total||$2,060 to $2,060|
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
|Marble Slab Creamery||American Poolplayers Association||Real Property Management|
|Average Franchise fees||$20,000||NA||$55,000|
|Average Equipment fees||$139,750||$3,690||$22,100|
|Average Real estate fees||$160,975||NA||$2,750|
|Average Training fees||NA||$3,147||$1,500|
|Average Inventory fees||$17,385||NA||NA|
|Average Marketing fees||$5,000||NA||$5,000|
|Average Licenses and permits fees||$2,000||NA||$750|
|Average Insurance fees||$3,000||$479||$3,750|
|Average Admin fees||NA||$2,060||$4,099|
|Average Personnel fees||NA||NA||NA|
|Average Other fees||$11,500||NA||$35,000|
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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