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.
How COVID-19 affects franchising costs
Strict sanitation and employee protection measures during the coronavirus outbreak add to the typical costs you face when opening a new franchise. Paired with the unusually heavy amount of promotions that may be required by the franchise, you may not see as much in the way of profits starting out. For more information on what support is out there, read our guide to
loans for businesses affected by the coronavirus.
Estimated initial costs
Our cost estimates are accurate as of 2019 from
https://www.franchisedirect.com and include opening fees and expenses only. Your location 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.
| 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.
| 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.
| 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.
| 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 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.
| 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.
| 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.
| 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.
| 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 2019.
How to finance
The best way to finance BrightStar Care comes down to your personal financial situation. What assets you have available will largely determine how much you need to borrow, and which option suits you best. Potential solutions include:
- Bank loan. Your personal credit plays a large role in getting a business term loan from a bank. Typically this type of funding is for larger amounts.
- Online loan. Credit requirements may be more flexible for an online loan than a bank loan, but amounts may max out at a lower amount — typically around $1 million.
- SBA loan. The good part about SBA loans is that they top out at $5 million, but your business has to meet a number of requirements.
- Credit card. Small costs that aren't fixed, such as stray inventory and supply purchases, may be better off on a business credit card. Just make sure you can pay it off quickly to avoid high APRs.
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
How BrightStar Care stacks up
Compare how BrightStar Care holds up against two similarly sized franchises.
| 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.
