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 College Nannies, Sitters and Tutors franchise may result in higher or lower fees.
|Initial franchise fee||$45,000 to $45,000|
|Royalty||5% of gross revenues. Minimum monthly royalty of $800/month starting 18 months after the Franchise Agreement is signed (the effective date).|
|Estimated total||$45,000 to $45,000|
|Furnishings, equipment, supplies and technology||$3,000 to $12,000|
|Signage||$500 to $5,000|
|Estimated total||$3,500 to $17,000|
|Construction and remodeling||$0 to $10,000|
|Estimated total||$0 to $10,000|
|Training expenses||$1,500 to $3,000|
|Supplemental training fee||$2,000 per training session (1-day).|
|Estimated total||$1,500 to $3,000|
|Initial marketing and recruiting||$20,000 to $20,000|
|Estimated total||$20,000 to $20,000|
|Insurance||$4,000 to $10,000|
|Estimated total||$4,000 to $10,000|
|Legal and accounting||$1,000 to $3,000|
|Technology fee||$225 per month per territory.|
|Estimated total||$1,000 to $3,000|
|Three months' additional funds and working capital||$30,000 to $50,000|
|Estimated total||$30,000 to $50,000|
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
|1-800-Radiator & A/C||College Nannies, Sitters and Tutors||SpeedPro Imaging|
|Average Franchise fees||$45,000||$45,000||$165,345|
|Average Equipment fees||$42,000||$10,250||$975|
|Average Real estate fees||$56,000||$5,000||$23,000|
|Average Training fees||$3,750||$2,250||$2,500|
|Average Inventory fees||$500,000||NA||NA|
|Average Marketing fees||$30,000||$20,000||$10,000|
|Average Licenses and permits fees||NA||NA||$500|
|Average Insurance fees||NA||$7,000||$1,050|
|Average Admin fees||NA||$2,000||NA|
|Average Personnel fees||NA||NA||NA|
|Average Other fees||$150,000||$40,000||$65,000|
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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