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
Finder may earn compensation from partners, but editorial opinions are our own. Advertiser Disclosure
BodyBrite franchise financing options
Compare costs, fees and where to get financing for a BodyBrite.
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 BodyBrite franchise may result in higher or lower fees.
Franchise fees
BodyBrite franchise fees total around $37,125, which is more than the $37,000 average for the 200 largest franchises.| Franchise | Cost |
|---|---|
| Initial franchise fee | $24,750 to $49,500 |
| Royalty | 6% of Gross Sales plus the Maintenance Fee (currently $200 per month) and subject to the Minimum Royalty. |
| Estimated total | $24,750 to $49,500 |
Equipment fees
Equipment fees total $72,750 for BodyBrite. This is less than the $180,023 average for the top 200 franchises.| Equipment | Cost |
|---|---|
| Equipment package | $49,500 to $82,000 |
| Signage | $3,000 to $5,000 |
| Initial hardware and software costs | $2,000 to $4,000 |
| Estimated total | $54,500 to $91,000 |
Real estate fees
Real estate will set you back $28,500 for BodyBrite, thought it's less than the average of $788,376 for the top 200 franchises.| Real estate | Cost |
|---|---|
| Leases and security deposits | $3,000 to $9,000 |
| Leasehold improvements | $5,000 to $40,000 |
| Estimated total | $8,000 to $49,000 |
Training fees
BodyBrite initial training costs total $2,250, which comes in under the nationwide average of $9,788.| Training | Cost |
|---|---|
| Training expenses for two to three people | $1,500 to $3,000 |
| Estimated total | $1,500 to $3,000 |
Inventory costs
Initial inventory for BodyBrite shakes out to $3,250. This is less than the nationwide average of $53,119.| Inventory | Cost |
|---|---|
| Initial inventory | $1,500 to $5,000 |
| Estimated total | $1,500 to $5,000 |
Marketing costs
Advertisement and marketing costs total up to $10,000 for BodyBrite, which is more than the nationwide average of $9,938.| Marketing | Cost |
|---|---|
| Grand opening advertising | $10,000 to $10,000 |
| Estimated total | $10,000 to $10,000 |
Licenses and permits costs
BodyBrite initial licenses and permits will set you back $900. This comes out to less than $18,770 — the overall nationwide average.| Licenses and permits | Cost |
|---|---|
| Business licenses, permits and other deposits | $300 to $1,500 |
| Estimated total | $300 to $1,500 |
Administrative fees
BodyBrite administrative fees total up to $1,950 — which comes in under the overall nationwide average of $6,761.| Admin | Cost |
|---|---|
| Shipping costs | $1,800 to $2,100 |
| Technology fee | Currently, $150 per month as of the date of this Disclosure Document; provided the franchisor may increase this fee to cover the then-current cost for the license of the business operations software and other technology. |
| Estimated total | $1,800 to $2,100 |
Other expenses
Miscellaneous expenses for BodyBrite total $3,500 — less than the nationwide average of $69,970.| Other | Cost |
|---|---|
| Miscellaneous operating costs | $500 to $3,000 |
| Professional fees | $500 to $3,000 |
| Estimated total | $1,000 to $6,000 |
How to finance
Since the estimated total for BodyBrite is on the more costly side, we recommend following these steps to get fully financed:- Go to the BodyBrite franchising website and review its financial requirements, including cash-on-hand requirements.
- Reach out to BodyBrite 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 $160,225 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 BodyBrite — 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 BodyBrite 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 $103,350. 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.
{"niche":"USFBL"}
How BodyBrite stacks up
Compare how BodyBrite holds up against two similarly sized franchises.| Blimpie | BodyBrite | GoliathTech | |
|---|---|---|---|
| Average Franchise fees | $20,210 | $37,125 | $38,000 |
| Average Equipment fees | $71,505 | $72,750 | $68,150 |
| Average Real estate fees | $110,750 | $28,500 | $1,550 |
| Average Training fees | $5,250 | $2,250 | $4,000 |
| Average Inventory fees | $5,000 | $3,250 | NA |
| Average Marketing fees | NA | $10,000 | $750 |
| Average Licenses and permits fees | NA | $900 | NA |
| Average Insurance fees | $3,000 | NA | NA |
| Average Admin fees | $650 | $1,950 | NA |
| Average Personnel fees | NA | NA | NA |
| Average Other fees | $29,125 | $3,500 | $12,000 |
Bottom line
BodyBrite franchise costs run a total of $160,225. 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
-
Startup business lines of credit
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.
-
How the Restaurant Revitalization Fund works
The Restaurant Revitalization Grant offers grants of up to $10 million to make up for revenue lost during COVID-19.
-
How to start a t-shirt business
Revel in the freedom of running your own business by selling tees online.
-
Auntie Anne’s Pretzels franchise financing options
Find out how much it costs to open a Auntie Anne’s Pretzels and what financing options are available to you.
-
NorthStar Moving franchise financing options
Find out how much it costs to open a NorthStar Moving and what financing options are available to you.
-
Sears Maid Services franchise financing options
Find out how much it costs to open a Sears Maid Services and what financing options are available to you.
-
Deck the Walls franchise financing options
Find out how much it costs to open a Deck the Walls and what financing options are available to you.
-
Zoom Drain franchise financing options
Find out how much it costs to open a Zoom Drain and what financing options are available to you.
-
Casa de Corazon franchise financing options
Find out how much it costs to open a Casa de Corazon and what financing options are available to you.
-
Sears Handyman Solutions franchise financing options
Find out how much it costs to open a Sears Handyman Solutions and what financing options are available to you.
Ask an Expert