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Chili’s franchise financing options

Compare costs, fees and where to get financing for a Chili's.

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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Overall costs for Chili's run anywhere from $1,370,000 to $4,612,000. 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 2021 from Franchise Direct and include opening fees and expenses only. The location you choose for your Chili's franchise may result in higher or lower fees.

Franchise fees

Chili's franchise fees total around $50,000, which is more than the $37,000 average for the 200 largest franchises.
Franchise Cost
Initial franchise fee $40,000 to $60,000
Estimated total $40,000 to $60,000

Equipment fees

Equipment fees total $540,000 for Chili's. This costs more than the $180,023 average for the top 200 franchises.
Equipment Cost
Exterior signage $15,000 to $80,000
Furniture, fixtures, sound system and TVs $55,000 to $120,000
Kitchen and bar equipment $190,000 to $400,000
Bar and kitchen accessories $40,000 to $60,000
Computer point-of-sale system, kitchen display system and installation $55,000 to $65,000
Estimated total $355,000 to $725,000

Real estate fees

Real estate will set you back $1,712,500 for Chili's, which is more expensive than the average of $788,376 for the top 200 franchises.
Real estate Cost
Leasehold expense $5,000 to $25,000
Preconstruction $45,000 to $300,000
Construction costs $500,000 to $1,900,000
Site work $50,000 to $600,000
Estimated total $600,000 to $2,825,000

Training fees

Chili's initial training costs total $155,000 — more than the nationwide average of $9,788.
Training Cost
Initial training $60,000 to $250,000
Estimated total $60,000 to $250,000

Inventory costs

Initial inventory for Chili's shakes out to $14,000. This is less than the nationwide average of $53,119.
Inventory Cost
Inventory $8,000 to $20,000
Estimated total $8,000 to $20,000

Marketing costs

Advertisement and marketing costs total up to $7,500 for Chili's, beating out the nationwide average of $9,938.
Marketing Cost
Opening advertising $5,000 to $10,000
Estimated total $5,000 to $10,000

Personnel costs

Uniforms, name tags and the like make up personnel costs, and for Chili's it will run you $82,500. The nationwide average cost of personnel fees comes in at $22,818, which means you'll be paying more than average to outfit your employees.
Personnel Cost
Opening team costs $65,000 to $100,000
Estimated total $65,000 to $100,000

Other expenses

Miscellaneous expenses for Chili's total $429,500 — more than the nationwide average of $69,970.
Other Cost
Working capital $12,000 to $22,000
Three months' additional funds $225,000 to $600,000
Estimated total $237,000 to $622,000
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 2021.

How to finance

Since the estimated total for Chili's is on the more costly side, we recommend following these steps to get fully financed:
  1. Go to the Chili's franchising website and review its financial requirements, including cash-on-hand requirements.
  2. Reach out to Chili's 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 $2,991,000 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?

You have several options when it comes to financing a Chili's — 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 Chili's 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.
Also check if Chili's 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 $1,370,000. 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.
Name Product Filter Values Min. Amount Max. Amount Requirements
Fora Financial business loans
$5,000
$500,000
6+ months in business, $12,000+ monthly revenue, no open bankruptcies
Get qualified for funding in minutes for up to $500,000 without affecting your credit score. Best for companies with at least six figures in annual revenue.
Lendio business loans
$500
$5,000,000
Operate business in US or Canada, have a business bank account, 560+ personal credit score
Submit one simple application to potentially get offers from a network of over 300 legit business lenders.
OnDeck short-term loans
$5,000
$250,000
600+ personal credit score, 1 year in business, $100,000+ annual revenue
A leading online business lender offering flexible financing at competitive fixed rates.
National Funding business loans
$5,000
$500,000
Be in business at least one year and make at least $150,000 in annual sales. Other loan types have additional requirements.
Working capital loans and equipment financing, some high-risk industries may be eligible.
Fundbox lines of credit
$1,000
$150,000
6 + months in business, $100,000+ in annual revenue, 600+ credit score
Get flat rate, short-term financing based on the financial health of your business, not your credit score.
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How Chili's stacks up

Compare how Chili's holds up against two similarly sized franchises.
Carlu2019s Jr. Chili's Five Guys
Average Franchise fees $25,000 $50,000 $25,000
Average Equipment fees $536,000 $540,000 $113,675
Average Real estate fees $959,250 $1,712,500 $317,250
Average Training fees $50,000 $155,000 NA
Average Inventory fees $1,600 $14,000 $12,500
Average Marketing fees NA $7,500 NA
Average Licenses and permits fees NA NA $10,000
Average Insurance fees NA NA NA
Average Admin fees NA NA NA
Average Personnel fees NA $82,500 NA
Average Other fees $123,900 $429,500 $23,000

Bottom line

Chili's franchise costs run a total of $2,991,000. 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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