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British Swim School franchise financing options
Compare costs, fees and where to get financing for a British Swim School.
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 British Swim School franchise may result in higher or lower fees.
Franchise feesBritish Swim School franchise fees total around $39,500, which is more than the $37,000 average for the 200 largest franchises.
|Initial franchise fee||$39,500 to $39,500|
|Royalty||10% of gross sales.|
|Estimated total||$39,500 to $39,500|
Equipment feesEquipment fees total $13,125 for British Swim School. This is less than the $180,023 average for the top 200 franchises.
|Pool security deposit||$0 to $1,000|
|Pool usage fee for three months||$1,500 to $12,000|
|Pool equipment||$500 to $5,000|
|Signage||$250 to $1,000|
|Computer system||$500 to $4,500|
|Estimated total||$2,750 to $23,500|
Real estate feesReal estate will set you back $3,000 for British Swim School, thought it's less than the average of $788,376 for the top 200 franchises.
|Office security deposit||$0 to $1,500|
|Office rent for three months, office furniture, fixtures and equipment||$0 to $4,500|
|Estimated total||$0 to $6,000|
Training feesBritish Swim School initial training costs total $2,250, which comes in under the nationwide average of $9,788.
|Training, travel and living expenses||$1,500 to $3,000|
|Estimated total||$1,500 to $3,000|
Inventory costsInitial inventory for British Swim School shakes out to $3,000. This is less than the nationwide average of $53,119.
|Opening inventory and supplies||$1,000 to $5,000|
|Estimated total||$1,000 to $5,000|
Insurance costsInitial insurance costs for British Swim School run $3,700. This means you'll be paying less than the overall nationwide average of $6,311.
|Insurance premium||$2,400 to $5,000|
|Insurance||Reimbursement of the franchisoru2019s costs plus a 20% administration charge.|
|Estimated total||$2,400 to $5,000|
Administrative feesBritish Swim School administrative fees total up to $25,150 — which comes in over the overall nationwide average of $6,761.
|Postcard fees||u00a0$20,000 to $28,000|
|Accounting and legal fees||$300 to $1,000|
|Three months' technology fee||$600 to $2,400|
|First three months' aquatics manager||$7,500 to $10,500|
|Estimated total||$8,400 to $41,900|
Other expensesMiscellaneous expenses for British Swim School total $12,000 — less than the nationwide average of $69,970.
|Three months' additional funds||$9,000 to $15,000|
|Estimated total||$9,000 to $15,000|
How to financeSince the estimated total for British Swim School is on the more costly side, we recommend following these steps to get fully financed:
- Go to the British Swim School franchising website and review its financial requirements, including cash-on-hand requirements.
- Reach out to British Swim School 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 $101,725 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 British Swim School — 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 British Swim School 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 lendersYou may not need financing to cover the estimated $64,550. 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.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
How British Swim School stacks upCompare how British Swim School holds up against two similarly sized franchises.
|World Gym||British Swim School||InterContinental Hotels & Resorts|
|Average Franchise fees||$27,500||$39,500||NA|
|Average Equipment fees||$183,500||$13,125||$14,659,105|
|Average Real estate fees||$633,000||$3,000||$73,603,695|
|Average Training fees||$5,000||$2,250||$20,590|
|Average Inventory fees||$7,500||$3,000||$1,575,000|
|Average Marketing fees||NA||NA||$32,500|
|Average Licenses and permits fees||$12,500||NA||NA|
|Average Insurance fees||$15,000||$3,700||$412,500|
|Average Admin fees||$50,000||$25,150||$150,000|
|Average Personnel fees||NA||NA||NA|
|Average Other fees||$37,500||$12,000||$1,875,000|
Bottom lineBritish Swim School franchise costs run a total of $101,725. 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.
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