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 Blimpie franchise may result in higher or lower fees.
|Franchise fee||$5,520 to $19,900|
|Grand opening fee||$5,000 to $10,000|
|Estimated total||$10,520 to $29,900|
|Restaurant equipment, furniture, small wares, menu boards and interior signage||$19,000 to $98,500|
|Exterior signage||$3,000 to $15,000|
|Computer hardware and software||$2,510 to $5,000|
|Estimated total||$24,510 to $118,500|
|First three months' rent and security deposit||$3,000 to $15,000|
|Real estate||Varies to|
|Lease review fee||$0 to $2,500|
|Architectural fees||$1,000 to $15,000|
|Construction costs and leasehold improvements||$5,000 to $180,000|
|Estimated total||$9,000 to $212,500|
|Travel and living expenses for two people while training, not including salaries||$3,000 to $7,500|
|Estimated total||$3,000 to $7,500|
|Opening inventory, including food and paper||$4,000 to $6,000|
|Estimated total||$4,000 to $6,000|
|Business insurance||$1,000 to $5,000|
|Estimated total||$1,000 to $5,000|
|PCI compliance costs||$0 to $1,300|
|Depository account||$3,000 (Must be replenished on a regular basis.)|
|Audit||Cost of audit plus interest at Default Rate on underpayments or the maximum rate permissible by law.|
|Estimated total||$0 to $1,300|
|Miscellaneous opening costs||$4,750 to $18,500|
|Three months' additional funds||$15,000 to $20,000|
|Estimated total||$19,750 to $38,500|
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
|Average Franchise fees||$39,000||$20,210||$37,125|
|Average Equipment fees||$58,900||$71,505||$72,750|
|Average Real estate fees||$5,500||$110,750||$28,500|
|Average Training fees||$4,250||$5,250||$2,250|
|Average Inventory fees||$7,500||$5,000||$3,250|
|Average Marketing fees||NA||NA||$10,000|
|Average Licenses and permits fees||$1,000||NA||$900|
|Average Insurance fees||$1,350||$3,000||NA|
|Average Admin fees||$1,500||$650||$1,950|
|Average Personnel fees||NA||NA||NA|
|Average Other fees||$29,000||$29,125||$3,500|
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.
The Restaurant Revitalization Grant offers grants of up to $10 million to make up for revenue lost during COVID-19.
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