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 Big O Tires franchise may result in higher or lower fees.
|Initial franchise fee||$10,000 to $35,000|
|Estimated total||$10,000 to $35,000|
|Equipment, fixtures and other fixed assets||$100,000 to $235,000|
|Signs||$10,000 to $50,000|
|Computer hardware and software||$18,000 to $27,000|
|Estimated total||$128,000 to $312,000|
|Real estate leases||$24,000 to $68,000|
|Construction, remodeling, leasehold improvements and decorating costs||$25,000 to $350,000|
|Estimated total||$49,000 to $418,000|
|Initial training, including fees, travel and lodging expenses||$1,000 to $7,800|
|Training fees||Will vary.|
|Estimated total||$1,000 to $7,800|
|Initial inventory||$55,000 to $125,000|
|Estimated total||$55,000 to $125,000|
|Grand opening advertising||$10,000 to $50,000|
|Estimated total||$10,000 to $50,000|
|Three months' insurance and other security||$3,000 to $5,500|
|Estimated total||$3,000 to $5,500|
|Nonrecurring pre-opening costs||$5,000 to $35,000|
|Up to 12 months' additional funds||$50,000 to $150,000|
|Estimated total||$55,000 to $185,000|
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
|McAlister's Deli||Big O Tires||Leadership Management International|
|Average Franchise fees||$25,000||$22,500||NA|
|Average Equipment fees||$278,425||$220,000||NA|
|Average Real estate fees||$796,600||$233,500||NA|
|Average Training fees||$64,250||$4,400||NA|
|Average Inventory fees||$12,500||$90,000||NA|
|Average Marketing fees||$16,000||$30,000||NA|
|Average Licenses and permits fees||$4,575||NA||NA|
|Average Insurance fees||$9,250||$4,250||NA|
|Average Admin fees||$6,500||NA||NA|
|Average Personnel fees||NA||NA||NA|
|Average Other fees||$33,000||$120,000||NA|
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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