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Coldwell Banker Commercial franchise financing options
Compare costs, fees and where to get financing for a Coldwell Banker Commercial.
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 Coldwell Banker Commercial franchise may result in higher or lower fees.
Franchise fees
Coldwell Banker Commercial franchise fees total around $10,000, which beats out the $37,000 average for the 200 largest franchises nationwide.| Franchise | Cost |
|---|---|
| Initial franchise fee | $0 to $20,000 |
| Royalty fees | 6% of the aggregate gross revenue for all the franchiseeu2019s offices up to $1,000,000 per calendar year for which payments were timely made and 3% of the aggregate gross revenue in excess of $1,000,000 per calendar year. |
| Estimated total | $0 to $20,000 |
Equipment fees
Equipment fees total $21,500 for Coldwell Banker Commercial. This is less than the $180,023 average for the top 200 franchises.| Equipment | Cost |
|---|---|
| Property signs | $8,000 to $20,000 |
| Computer equipment for electronic data system | $5,000 to $10,000 |
| Estimated total | $13,000 to $30,000 |
Real estate fees
Real estate will set you back $10,350 for Coldwell Banker Commercial, thought it's less than the average of $788,376 for the top 200 franchises.| Real estate | Cost |
|---|---|
| Office identity signs | $700 to $20,000 |
| Estimated total | $700 to $20,000 |
Training fees
Coldwell Banker Commercial initial training costs total $1,750, which comes in under the nationwide average of $9,788.| Training | Cost |
|---|---|
| Orientation | $800 to $2,700 |
| Estimated total | $800 to $2,700 |
Marketing costs
Advertisement and marketing costs total up to $6,250 for Coldwell Banker Commercial, beating out the nationwide average of $9,938.| Marketing | Cost |
|---|---|
| Printed materials | $1,500 to $3,000 |
| Other local advertising and grand opening promotion | $3,000 to $5,000 |
| Estimated total | $4,500 to $8,000 |
Administrative fees
Coldwell Banker Commercial administrative fees total up to $2,000 — which comes in under the overall nationwide average of $6,761.| Admin | Cost |
|---|---|
| Legal expenses | $0 to $4,000 |
| Estimated total | $0 to $4,000 |
How to finance
Since the estimated total for Coldwell Banker Commercial is on the more costly side, we recommend following these steps to get fully financed:- Go to the Coldwell Banker Commercial franchising website and review its financial requirements, including cash-on-hand requirements.
- Reach out to Coldwell Banker Commercial 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 $51,850 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?
Consider one of the following options for covering a portion of the costs to open a Coldwell Banker Commercial.- Online loan. For a turnaround that's faster than a bank, an online business loan could be the way to go. Credit requirements are often more flexible than those of traditional bank loans, too.
- Credit card. Using a business credit card allows you to spend up to your preapproved limit. This means if extra expenses pop up, you can likely cover them without having to take out another type of financing.
- Bank loan. If you have stronger credit — typically a score of 670 or higher — a traditional bank loan may get you a more favorable interest rate than a credit card or online loan.
- SBA loan. Qualifying for an SBA loan is easier than a traditional bank loan, but it typically comes with fees and higher interest rates.
Compare small business lenders
You may not need financing to cover the estimated $19,000. 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.
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How Coldwell Banker Commercial stacks up
Compare how Coldwell Banker Commercial holds up against two similarly sized franchises.| Cruise Planners | Coldwell Banker Commercial | Coldwell Banker Residential | |
|---|---|---|---|
| Average Franchise fees | NA | $10,000 | $12,500 |
| Average Equipment fees | NA | $21,500 | $22,525 |
| Average Real estate fees | NA | $10,350 | NA |
| Average Training fees | NA | $1,750 | $1,750 |
| Average Inventory fees | NA | NA | NA |
| Average Marketing fees | NA | $6,250 | $6,300 |
| Average Licenses and permits fees | NA | NA | NA |
| Average Insurance fees | NA | NA | NA |
| Average Admin fees | NA | $2,000 | $8,000 |
| Average Personnel fees | NA | NA | $450 |
| Average Other fees | NA | NA | $75,375 |
Bottom line
Coldwell Banker Commercial franchise costs run a total of $51,850. 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.More guides on Finder
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