Biggby Coffee franchise financing options

Overall costs for Biggby Coffee run anywhere from $189,550 to $378,600. 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 2022 from Franchise Direct and include opening fees and expenses only. The location you choose for your Biggby Coffee franchise may result in higher or lower fees.

Franchise fees

Biggby Coffee franchise fees total around $20,000, which beats out the $37,000 average for the 200 largest franchises nationwide.

Franchise	Cost
Initial franchise fee	$20,000 to $20,000
Royalty	6% of gross sales; 5% of gross sales for certain existing operators in Michigan.
Estimated total	$20,000 to $20,000

Equipment fees

Equipment fees total $65,250 for Biggby Coffee. This is less than the $180,023 average for the top 200 franchises.

Equipment	Cost
Equipment, furniture and decor	$49,500 to $62,000
Exterior and interior signage	$4,000 to $15,000
Estimated total	$53,500 to $77,000

Real estate fees

Real estate will set you back $146,550 for Biggby Coffee, thought it's less than the average of $788,376 for the top 200 franchises.

Real estate	Cost
Real property rental	$1,200 to $21,000
Leasehold improvements	$80,000 to $170,000
Blueprints, plans and permits	$5,500 to $11,000
Utility expense	$800 to $3,600
Estimated total	$87,500 to $205,600

Training fees

Biggby Coffee initial training costs total $2,750, which comes in under the nationwide average of $9,788.

Training	Cost
Miscellaneous travel and living expenses for training	$500 to $5,000
Estimated total	$500 to $5,000

Inventory costs

Initial inventory for Biggby Coffee shakes out to $11,500. This is less than the nationwide average of $53,119.

Inventory	Cost
Initial inventory	$9,000 to $14,000
Estimated total	$9,000 to $14,000

Marketing costs

Advertisement and marketing costs total up to $7,500 for Biggby Coffee, beating out the nationwide average of $9,938.

Marketing	Cost
Initial advertising and grand opening promotions	$7,500 to $7,500
Estimated total	$7,500 to $7,500

Licenses and permits costs

Biggby Coffee initial licenses and permits will set you back $1,750. This comes out to less than $18,770 — the overall nationwide average.

Licenses and permits	Cost
License permits and other	$1,000 to $2,500
Estimated total	$1,000 to $2,500

Insurance costs

Initial insurance costs for Biggby Coffee run $4,000. This means you'll be paying less than the overall nationwide average of $6,311.

Insurance	Cost
Insurance, including general liability, property and workers' compensation	$3,500 to $4,500
Insurance	Actual cost to franchisor.
Estimated total	$3,500 to $4,500

Administrative fees

Biggby Coffee administrative fees total up to $2,275 — which comes in under the overall nationwide average of $6,761.

Admin	Cost
Organizational expenses	$2,050 to $2,500
Technology fees	Amount determined by franchisor, not to exceed $500 per month (currently $110 per month).
Estimated total	$2,050 to $2,500

Other expenses

Miscellaneous expenses for Biggby Coffee total $22,500 — less than the nationwide average of $69,970.

Other	Cost
Three months' additional funds	$5,000 to $40,000
Estimated total	$5,000 to $40,000

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 2022.

How to finance

Since the estimated total for Biggby Coffee is on the more costly side, we recommend following these steps to get fully financed:

1. Go to the Biggby Coffee franchising website and review its financial requirements, including cash-on-hand requirements.
2. Reach out to Biggby Coffee 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 $284,075 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 Biggby Coffee — 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 Biggby Coffee 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 Biggby Coffee 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 $189,550. 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.

How Biggby Coffee stacks up

Compare how Biggby Coffee holds up against two similarly sized franchises.

	Amazing Lash Studio	Biggby Coffee	Dippinu2019 Dots
Average Franchise fees	$54,900	$20,000	$11,250
Average Equipment fees	$78,360	$65,250	$77,578
Average Real estate fees	$185,350	$146,550	$78,950
Average Training fees	$750	$2,750	$2,000
Average Inventory fees	$27,375	$11,500	$3,875
Average Marketing fees	NA	$7,500	$4,250
Average Licenses and permits fees	$1,250	$1,750	NA
Average Insurance fees	NA	$4,000	$2,000
Average Admin fees	NA	$2,275	$300
Average Personnel fees	NA	NA	NA
Average Other fees	$22,250	$22,500	$59,375

Bottom line

Biggby Coffee franchise costs run a total of $284,075. 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.