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 Closets by Design franchise may result in higher or lower fees.
|Initial franchise fee||$20,000 to $20,000|
|Territory fee||Greater of (i) $18,000 or (ii) $1,000 for each increment or portion of 10,000 households in the territory. to|
|Estimated total||$20,000 to $20,000|
|Inventory and supplies||$10,000 to $25,000|
|Estimated total||$10,000 to $25,000|
|Licenses and permits||Cost|
|Licenses and permits||$500 to $1,500|
|Estimated total||$500 to $1,500|
|Business insurance||$1,500 to $2,000|
|Estimated total||$1,500 to $2,000|
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
|Adam & Eve Stores||Closets by Design||Fetch! Pet Care|
|Average Franchise fees||$30,000||$20,000||$59,500|
|Average Equipment fees||$8,500||NA||$550|
|Average Real estate fees||NA||NA||NA|
|Average Training fees||$1,250||NA||NA|
|Average Inventory fees||$75,000||$17,500||$684|
|Average Marketing fees||$9,000||NA||NA|
|Average Licenses and permits fees||$125||$1,000||NA|
|Average Insurance fees||$2,000||$1,750||$800|
|Average Admin fees||NA||NA||NA|
|Average Personnel fees||NA||NA||NA|
|Average Other fees||$20,500||NA||$5,150|
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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