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 Comfort Keepers franchise may result in higher or lower fees.
|Combined deposit fee and initial franchise fee||$50,000 to $50,000|
|Estimated total||$50,000 to $50,000|
|Furniture and equipment||$3,500 to $8,000|
|Estimated total||$3,500 to $8,000|
|Business premises||$3,400 to $5,100|
|Estimated total||$3,400 to $5,100|
|Expenses related to initial training||$3,000 to $6,000|
|Caregiver training||$1,500 to $3,000|
|Estimated total||$4,500 to $9,000|
|Advertising, marketing and promotion||$2,300 to $10,000|
|Local advertising||Minimum of $1,000 per month or 2% of Gross Revenue, whichever is greater.|
|Estimated total||$2,300 to $10,000|
|Licenses and permits||Cost|
|Licensure||$0 to $7,400|
|Estimated total||$0 to $7,400|
|Insurance||$3,100 to $6,800|
|Estimated total||$3,100 to $6,800|
|Organizational expenses, supplies and printing||$650 to $1,150|
|Telephone and utility deposits and fees||$550 to $1,650|
|Estimated total||$1,200 to $2,800|
|Background screening||$360 to $600|
|Estimated total||$360 to $600|
|Professional fees||$1,500 to $10,000|
|Estimated total||$1,500 to $10,000|
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
|Average Franchise fees||NA||$50,000||$21,863|
|Average Equipment fees||$2,000||$5,750||$37,500|
|Average Real estate fees||$500||$4,250||$700|
|Average Training fees||$35,975||$6,750||$975|
|Average Inventory fees||NA||NA||$2,000|
|Average Marketing fees||NA||$6,150||$2,500|
|Average Licenses and permits fees||NA||$3,700||$750|
|Average Insurance fees||NA||$4,950||$2,500|
|Average Admin fees||$2,597||$2,000||NA|
|Average Personnel fees||NA||$480||NA|
|Average Other fees||NA||$5,750||$17,750|
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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