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Ben & Jerry’s franchise financing options

Compare costs, fees and where to get financing for a Ben & Jerry's.

Overall costs for Ben & Jerry's run anywhere from $204,300 to $545,300. See how the costs break down and what funding options might be right for your new venture into the franchise foray.

Estimated initial costs

Our cost estimates are accurate as of 2021 from Franchise Direct and include opening fees and expenses only. The location you choose for your Ben & Jerry's franchise may result in higher or lower fees.

Franchise fees

Ben & Jerry's franchise fees total around $22,250, which beats out the $37,000 average for the 200 largest franchises nationwide.
Franchise Cost
Initial franchise fee, credited from the deposit $7,500u00a0(satellite addendum) to $37,000u00a0(franchise agreement)
Royalty 3% of gross sales.
Estimated total $7,500 to $37,000

Equipment fees

Equipment fees total $113,300 for Ben & Jerry's. This is less than the $180,023 average for the top 200 franchises.
Equipment Cost
Furniture, fixtures, equipment, casework and smallwares $65,000 to $135,000
Signage $5,000 to $17,500
Point-of-sale system $1,800 to $2,300
Estimated total $71,800 to $154,800

Real estate fees

Real estate will set you back $155,750 for Ben & Jerry's, thought it's less than the average of $788,376 for the top 200 franchises.
Real estate Cost
Plans, development and permits $3,500 to $12,000
Leasehold improvements and construction $55,000 to $230,000
Deposits $3,000 to $8,000
Estimated total $61,500 to $250,000

Training fees

Ben & Jerry's initial training costs total $2,000, which comes in under the nationwide average of $9,788.
Training Cost
Initial training $1,000 to $3,000
Estimated total $1,000 to $3,000

Inventory costs

Initial inventory for Ben & Jerry's shakes out to $10,000. This is less than the nationwide average of $53,119.
Inventory Cost
Inventory $6,000 to $14,000
Estimated total $6,000 to $14,000

Marketing costs

Advertisement and marketing costs total up to $3,000 for Ben & Jerry's, beating out the nationwide average of $9,938.
Marketing Cost
Grand opening advertising $3,000 to $3,000
Estimated total $3,000 to $3,000

Insurance costs

Initial insurance costs for Ben & Jerry's run $1,500. This means you'll be paying less than the overall nationwide average of $6,311.
Insurance Cost
Insurance $500 to $2,500
Estimated total $500 to $2,500

Other expenses

Miscellaneous expenses for Ben & Jerry's total $67,000 — less than the nationwide average of $69,970.
Other Cost
Professional fees $3,000 to $6,000
Three months' additional funds $50,000 to $75,000
Estimated total $53,000 to $81,000
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 2021.

How to finance

Since the estimated total for Ben & Jerry's is on the more costly side, we recommend following these steps to get fully financed:
  1. Go to the Ben & Jerry's franchising website and review its financial requirements, including cash-on-hand requirements.
  2. Reach out to Ben & Jerry's about in-house financing for franchisees.
  3. If in-house financing isn't available, look for online loans, bank loans and SBA loans to help meet the $374,800 estimated opening costs.
  4. Compare lenders based on amounts, interest rates and what types of personal and business credit history they accept.
  5. Once you settle on a lender, gather all required documents, including account statements and assets.
  6. Apply for financing online or in person as required by the lender.

What types of financing is available?

You have several options when it comes to financing a Ben & Jerry's — even if the cost is on the heavier side. What assets you have available will largely determine how much you need to borrow, and which option suits you best.
  • Online loan. A number of online business lenders offer amounts up to $1 million, with some extending up to $5 million.
  • Bank loan. Your personal credit will typically need to at least be good — 670 or higher — when it comes to getting a bank loan large enough to cover a significant portion of Ben & Jerry's opening costs.
  • SBA loan. While your personal credit score doesn't need to be as good to qualify for an SBA loan, they usually cost more than standard term loans from banks or online lenders.
Also check if Ben & Jerry's 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

You may not need financing to cover the estimated $204,300. But if you need funds for other business ventures, select the loan amount, your time in business and revenue and your personal credit score to compare a selection of lenders.
Name Product Filter Values Min. Amount Max. Amount Requirements
Biz2Credit business loans
up to $6 million
up to $6 million
6+ months in business; $100,000+ monthly revenue; 500+ credit score
Get only the capital you need through secure, prescreened lenders with this highly rated company offering SBA, expansion, working capital and other loans.
OnDeck short-term loans
600+ personal credit score, 1 year in business, $100,000+ annual revenue, active business checking account
A leading online business lender offering flexible financing at competitive fixed rates.
Fora Financial business loans
6+ months in business, $12,000+ monthly revenue, no open bankruptcies
Get qualified for funding in minutes for up to $500,000 without affecting your credit score. Best for companies with at least six figures in annual revenue.
Lendio business loans
Operate business in US or Canada, have a business bank account, 560+ personal credit score
Submit one simple application to potentially get offers from a network of over 300 legit business lenders.
ROK Financial business loans
Eligibility criteria 3+ months in business, $15,000+ in monthly gross sales or $180,000+ in annual sales
A connection service for all types of businesses — even startups.

Compare up to 4 providers

How Ben & Jerry's stacks up

Compare how Ben & Jerry's holds up against two similarly sized franchises.
Proforma Ben & Jerry's Sbarro
Average Franchise fees $34,500 $22,250 $27,500
Average Equipment fees $3,850 $113,300 NA
Average Real estate fees $2,650 $155,750 $54,600
Average Training fees $1,500 $2,000 $9,000
Average Inventory fees NA $10,000 NA
Average Marketing fees $4,500 $3,000 NA
Average Licenses and permits fees NA NA $3,500
Average Insurance fees NA $1,500 $800
Average Admin fees $115 NA $3,750
Average Personnel fees NA NA NA
Average Other fees $4,500 $67,000 $12,500

Bottom line

Ben & Jerry's franchise costs run a total of $374,800. 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.

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