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
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Our cost estimates are accurate as of 2021 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.
|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|
|Furnishings||$1,700 to $3,500|
|Signage||$300 to $1,000|
|Estimated total||$2,000 to $4,500|
|Utility deposits||$100 to $500|
|Estimated total||$100 to $500|
|Employee travel and living expenses associated with training||$4,990 to $10,200|
|Estimated total||$4,990 to $10,200|
|Marketing materials, including brochures and business cards||$500 to $500|
|Estimated total||$500 to $500|
|Licenses and permits||Cost|
|Business licenses and other required license||$200 to $8,603|
|Estimated total||$200 to $8,603|
|Legal fees||$1,500 to $5,000|
|Estimated total||$1,500 to $5,000|
|Director of nursing, hired in advance of opening to meet licensure requirements||$0 to $6,192|
|Estimated total||$0 to $6,192|
|Three months' additional operating funds||$28,559 to $53,803|
|Estimated total||$28,559 to $53,803|
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
|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|
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.
The Restaurant Revitalization Grant offers grants of up to $10 million to make up for revenue lost during COVID-19.
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