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Blimpie franchise financing options

Compare costs, fees and where to get financing for a Blimpie.

Editor's choice: OnDeck business lines of credit

  • Business or practice ownership not required
  • No hard annual revenue or time-in-business criteria
  • Multiple loans OK
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Overall costs for Blimpie run anywhere from $71,780 to $419,200. 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 Blimpie franchise may result in higher or lower fees.

Franchise fees

Blimpie franchise fees total around $20,210, which beats out the $37,000 average for the 200 largest franchises nationwide.
Franchise Cost
Franchise fee $5,520 to $19,900
Grand opening fee $5,000 to $10,000
Estimated total $10,520 to $29,900

Equipment fees

Equipment fees total $71,505 for Blimpie. This is less than the $180,023 average for the top 200 franchises.
Equipment Cost
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

Real estate fees

Real estate will set you back $110,750 for Blimpie, thought it's less than the average of $788,376 for the top 200 franchises.
Real estate Cost
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

Training fees

Blimpie initial training costs total $5,250, which comes in under the nationwide average of $9,788.
Training Cost
Travel and living expenses for two people while training, not including salaries $3,000 to $7,500
Estimated total $3,000 to $7,500

Inventory costs

Initial inventory for Blimpie shakes out to $5,000. This is less than the nationwide average of $53,119.
Inventory Cost
Opening inventory, including food and paper $4,000 to $6,000
Estimated total $4,000 to $6,000

Insurance costs

Initial insurance costs for Blimpie run $3,000. This means you'll be paying less than the overall nationwide average of $6,311.
Insurance Cost
Business insurance $1,000 to $5,000
Estimated total $1,000 to $5,000

Administrative fees

Blimpie administrative fees total up to $650 — which comes in under the overall nationwide average of $6,761.
Admin Cost
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

Other expenses

Miscellaneous expenses for Blimpie total $29,125 — less than the nationwide average of $69,970.
Other Cost
Miscellaneous opening costs $4,750 to $18,500
Three months' additional funds $15,000 to $20,000
Estimated total $19,750 to $38,500
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 Blimpie is on the more costly side, we recommend following these steps to get fully financed:
  1. Go to the Blimpie franchising website and review its financial requirements, including cash-on-hand requirements.
  2. Reach out to Blimpie 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 $245,490 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 Blimpie — 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 Blimpie 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 Blimpie 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 $71,780. 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
OnDeck small business loans
$5,000
$250,000
600+ personal credit score, 1 year in business, $100,000+ annual revenue
A leading online business lender offering flexible financing at competitive fixed rates.
Fora Financial business loans
$5,000
$500,000
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. Great for SBA loan applicants.
Lendio business loans
$500
$5,000,000
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
$10,000
$5,000,000
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.
LendingClub personal loans for business
$1,000
$40,000
US citizen or permanent resident, verifiable bank account, steady source of income, ages 18+.
Get prequalified for a personal loan up to $40,000 to help you grow your business. Great for new business owners with at least fair credit.
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How Blimpie stacks up

Compare how Blimpie holds up against two similarly sized franchises.
911 Restoration Blimpie BodyBrite
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

Bottom line

Blimpie franchise costs run a total of $245,490. 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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