BrightStar Care franchise financing options

Overall costs for BrightStar Care run anywhere from $87,849 to $89,298. 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 2022 from Franchise Direct and include opening fees and expenses only. The location you choose for your BrightStar Care franchise may result in higher or lower fees.

Franchise fees

BrightStar Care franchise fees total around $25,000, which beats out the $37,000 average for the 200 largest franchises nationwide.

Franchise	Cost
Initial franchise fee	$50,000 for the first 200,000 u2013 250,000 in population in the protected territory. Plus, $100 per each additional 1,000 people (pro rata) in the protected territory over 250,000. to
Estimated total	$50,000 to $0

Equipment fees

Equipment fees total $3,250 for BrightStar Care. This is less than the $180,023 average for the top 200 franchises.

Equipment	Cost
Furnishings	$1,700 to $3,500
Signage	$300 to $1,000
Estimated total	$2,000 to $4,500

Real estate fees

Real estate will set you back $300 for BrightStar Care, thought it's less than the average of $788,376 for the top 200 franchises.

Real estate	Cost
Utility deposits	$100 to $500
Estimated total	$100 to $500

Training fees

BrightStar Care initial training costs total $7,595, which comes in under the nationwide average of $9,788.

Training	Cost
Employee travel and living expenses associated with training	$4,990 to $10,200
Estimated total	$4,990 to $10,200

Marketing costs

Advertisement and marketing costs total up to $500 for BrightStar Care, beating out the nationwide average of $9,938.

Marketing	Cost
Marketing materials, including brochures and business cards	$500 to $500
Estimated total	$500 to $500

Licenses and permits costs

BrightStar Care initial licenses and permits will set you back $4,402. This comes out to less than $18,770 — the overall nationwide average.

Licenses and permits	Cost
Business licenses and other required license	$200 to $8,603
Estimated total	$200 to $8,603

Administrative fees

BrightStar Care administrative fees total up to $3,250 — which comes in under the overall nationwide average of $6,761.

Admin	Cost
Legal fees	$1,500 to $5,000
Estimated total	$1,500 to $5,000

Personnel costs

Uniforms, name tags and the like make up personnel costs, and for BrightStar Care it will run you $3,096. The nationwide average cost of personnel fees comes in at $22,818, which means you'll be paying less to outfit your employees.

Personnel	Cost
Director of nursing, hired in advance of opening to meet licensure requirements	$0 to $6,192
Estimated total	$0 to $6,192

Other expenses

Miscellaneous expenses for BrightStar Care total $41,181 — less than the nationwide average of $69,970.

Other	Cost
Three months' additional operating funds	$28,559 to $53,803
Estimated total	$28,559 to $53,803

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 2022.

How to finance

Since the estimated total for BrightStar Care is on the more costly side, we recommend following these steps to get fully financed:

1. Go to the BrightStar Care franchising website and review its financial requirements, including cash-on-hand requirements.
2. Reach out to BrightStar Care 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 $88,574 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?

Consider one of the following options for covering a portion of the costs to open a BrightStar Care.

• Online loan. For a turnaround that's faster than a bank, an online business loan could be the way to go. Credit requirements are often more flexible than those of traditional bank loans, too.
• Credit card. Using a business credit card allows you to spend up to your preapproved limit. This means if extra expenses pop up, you can likely cover them without having to take out another type of financing.
• Bank loan. If you have stronger credit — typically a score of 670 or higher — a traditional bank loan may get you a more favorable interest rate than a credit card or online loan.
• SBA loan. Qualifying for an SBA loan is easier than a traditional bank loan, but it typically comes with fees and higher interest rates.

Also check if BrightStar Care 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 $87,849. 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.

How BrightStar Care stacks up

Compare how BrightStar Care holds up against two similarly sized franchises.

	Schlotzsky's	BrightStar Care	Senior Helpers
Average Franchise fees	$30,000	$25,000	$49,500
Average Equipment fees	$269,350	$3,250	$6,000
Average Real estate fees	$342,250	$300	$4,500
Average Training fees	$48,500	$7,595	NA
Average Inventory fees	$20,000	NA	$1,100
Average Marketing fees	$20,000	$500	$7,500
Average Licenses and permits fees	$1,950	$4,402	$6,250
Average Insurance fees	$11,500	NA	$4,250
Average Admin fees	$6,500	$3,250	$700
Average Personnel fees	NA	$3,096	$25,000
Average Other fees	$1,500	$41,181	$23,000

Bottom line

BrightStar Care franchise costs run a total of $88,574. 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.