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Budget Blinds franchise financing options
Compare costs, fees and where to get financing for a Budget Blinds.
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 Budget Blinds franchise may result in higher or lower fees.
Franchise feesBudget Blinds franchise fees total around $119,950, which is more than the $37,000 average for the 200 largest franchises.
|Initial franchise fee||$19,950 to $19,950|
|Initial territory fee||$70,000 to $70,000|
|Additional territory fee for second territory purchased at the same time||$0 to $60,000|
|Royalty||Monthly payment: $300 u2013 months 1-6 $700 u2013 months 7-12 $1,100 u2013 months 13-24 $1,500 u2013 months 25-36$2,000 from then on|
|Estimated total||$89,950 to $149,950|
Equipment feesEquipment fees total $31,755 for Budget Blinds. This is less than the $180,023 average for the top 200 franchises.
|Work vehicle||$10,000 to $48,000|
|Computer||$1,200 to $2,000|
|Credit card terminal||$30 to $500|
|Telephone equipment||$60 to $120|
|Additional tools and supplies||$100 to $1,500|
|Estimated total||$11,390 to $52,120|
Training feesBudget Blinds initial training costs total $1,375, which comes in under the nationwide average of $9,788.
|Excess costs of training||$250 to $2,500|
|Initial training||First 2 attendees are free. Each additional attendee pays $100 per day.|
|Estimated total||$250 to $2,500|
Licenses and permits costsBudget Blinds initial licenses and permits will set you back $750. This comes out to less than $18,770 — the overall nationwide average.
|Licenses and permits||Cost|
|Contractor's license and bond||$0 to $1,500|
|Estimated total||$0 to $1,500|
Insurance costsInitial insurance costs for Budget Blinds run $2,900. This means you'll be paying less than the overall nationwide average of $6,311.
|Auto insurance||$500 to $2,400|
|Commercial general liability insurance||$500 to $2,400|
|Estimated total||$1,000 to $4,800|
Other expensesMiscellaneous expenses for Budget Blinds total $33,125 — less than the nationwide average of $69,970.
|Professional services||$750 to $3,500|
|Three months' additional funds||$22,000 to $40,000|
|Estimated total||$22,750 to $43,500|
How to financeSince the estimated total for Budget Blinds is on the more costly side, we recommend following these steps to get fully financed:
- Go to the Budget Blinds franchising website and review its financial requirements, including cash-on-hand requirements.
- Reach out to Budget Blinds 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 $189,855 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 Budget Blinds — 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 Budget Blinds 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 $125,340. 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 Budget Blinds stacks upCompare how Budget Blinds holds up against two similarly sized franchises.
|Valvoline Instant Oil Change||Budget Blinds||Cold Stone Creamery|
|Average Franchise fees||NA||$119,950||$17,500|
|Average Equipment fees||$3,200,312,500||$31,755||$83,100|
|Average Real estate fees||$215,000,059,625||NA||$116,500|
|Average Training fees||$7,500||$1,375||$5,425|
|Average Inventory fees||$26,000||NA||$4,500|
|Average Marketing fees||$8,750||NA||$7,500|
|Average Licenses and permits fees||$30,000||$750||$1,750|
|Average Insurance fees||NA||$2,900||$1,500|
|Average Admin fees||NA||NA||$1,350|
|Average Personnel fees||NA||NA||$500|
|Average Other fees||$57,500||$33,125||$22,463|
Bottom lineBudget Blinds franchise costs run a total of $189,855. 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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