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 Batteries Plus franchise may result in higher or lower fees.
|Initial franchise fee||$25,000 to $37,500|
|Estimated total||$25,000 to $37,500|
|Equipment, fixtures and signs||$38,500 to $41,500|
|Signage||$7,000 to $14,500|
|Miscellaneous supplies||$4,000 to $5,550|
|Retail management system||$30,000 to $31,500|
|Estimated total||$79,500 to $93,050|
|Real estate||Varies to|
|Leasehold improvements||$0 to $64,000|
|Delivery vehicle||$1,000 to $21,000|
|Estimated total||$1,000 to $85,000|
|Training||$850 to $3,980|
|Estimated total||$850 to $3,980|
|Inventory||$52,000 to $63,500|
|Estimated total||$52,000 to $63,500|
|New store marketing campaign contribution||$10,000 to $20,000|
|Estimated total||$10,000 to $20,000|
|Prepaid expenses and deposits||$1,400 to $11,050|
|Omni-channel access fee||Will vary under circumstances, currently $10,000 (prorated upon a transfer of a Franchise Agreement).|
|Costs and attorneys' fees||Will vary under circumstances.|
|Audit||Cost of audit plus 1.5% interest per month from due date.|
|Estimated total||$1,400 to $11,050|
|Miscellaneous pre-opening expenses||$1,800 to $10,000|
|Three months' additional funds||$19,900 to $51,150|
|Estimated total||$21,700 to $61,150|
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
|Culveru2019s||Batteries Plus||Qdoba Mexican Grill|
|Average Franchise fees||$37,500||$31,250||$30,000|
|Average Equipment fees||$663,000||$86,275||$306,000|
|Average Real estate fees||$2,954,500||$43,000||$355,000|
|Average Training fees||$50,000||$2,415||NA|
|Average Inventory fees||$42,500||$57,750||$7,500|
|Average Marketing fees||NA||$15,000||$15,000|
|Average Licenses and permits fees||NA||NA||$1,750|
|Average Insurance fees||NA||NA||$7,500|
|Average Admin fees||NA||$6,225||NA|
|Average Personnel fees||NA||NA||NA|
|Average Other fees||$105,000||$41,425||$97,500|
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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