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Biggby Coffee franchise financing options
Compare costs, fees and where to get financing for a Biggby Coffee.
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 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 |
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:- Go to the Biggby Coffee franchising website and review its financial requirements, including cash-on-hand requirements.
- Reach out to Biggby Coffee about in-house financing for franchisees.
- 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.
- Compare lenders based on amounts, interest rates and what types of personal and business credit history they accept.
- Once you settle on a lender, gather all required documents, including account statements and assets.
- 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.
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.
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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.More guides on Finder
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