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 Archadeck franchise may result in higher or lower fees.
|Initial franchise fee||$4,950 to $49,500|
|Royalty||Franchisees must pay a royalty based on monthly gross sales equal to:$0 to $1,000,000: 6.5%Over $1,000,000 to $2,000,000: 5.5%Over $2,000,000 to $3,000,000: 4.5%Over $3,000,000: 3.5%Beginning in the second full calendar year following the Operational Start Date (as defined in the Franchise Agreement), during the months of March through November, the royalty must exceed $1,500.|
|Estimated total||$4,950 to $49,500|
|Tools and equipment||$1,000 to $2,500|
|Computer hardware and software||$3,900 to $4,800|
|Estimated total||$4,900 to $7,300|
|Travel and living expenses while training||$2,500 to $4,500|
|Estimated total||$2,500 to $4,500|
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
|The Barbershop A Hair Salon for Men||Archadeck||Great Steak|
|Average Franchise fees||$35,000||$27,225||$17,800|
|Average Equipment fees||$30,000||$6,100||$21,000|
|Average Real estate fees||$105,000||NA||$150,250|
|Average Training fees||$4,500||$3,500||NA|
|Average Inventory fees||$4,000||NA||$4,750|
|Average Marketing fees||$12,500||NA||NA|
|Average Licenses and permits fees||NA||NA||NA|
|Average Insurance fees||NA||NA||$3,000|
|Average Admin fees||NA||NA||$725|
|Average Personnel fees||NA||NA||NA|
|Average Other fees||$2,750||NA||$21,125|
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.
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