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.

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
Go to site
Overall costs for BodyBrite run anywhere from $103,350 to $217,100. 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 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
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 BodyBrite is on the more costly side, we recommend following these steps to get fully financed:
  1. Go to the BodyBrite franchising website and review its financial requirements, including cash-on-hand requirements.
  2. Reach out to BodyBrite 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 $160,225 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 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.
Also check if BodyBrite 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 $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.
Name Product Filter Values Min. Amount Max. Amount Requirements
Biz2Credit business loans
$25,000
$250,000
6+ months in business; $150,000+ monthly revenue; 500+ credit score
Get only the capital you need through secure, prescreened lenders with this highly rated company offering SBA, expansion, working capital and other loans.
OnDeck short-term loans
$5,000
$250,000
600+ personal credit score, 1 year in business, $100,000+ annual revenue, active business checking account
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. Best for companies with at least six figures in annual revenue.
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.
loading

Compare up to 4 providers

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

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site