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Comfort Keepers franchise financing options

Compare costs, fees and where to get financing for a Comfort Keepers.

Overall costs for Comfort Keepers run anywhere from $69,860 to $109,700. 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 Comfort Keepers franchise may result in higher or lower fees.

Franchise fees

Comfort Keepers franchise fees total around $50,000, which is more than the $37,000 average for the 200 largest franchises.
Franchise Cost
Combined deposit fee and initial franchise fee $50,000 to $50,000
Estimated total $50,000 to $50,000

Equipment fees

Equipment fees total $5,750 for Comfort Keepers. This is less than the $180,023 average for the top 200 franchises.
Equipment Cost
Furniture and equipment $3,500 to $8,000
Estimated total $3,500 to $8,000

Real estate fees

Real estate will set you back $4,250 for Comfort Keepers, thought it's less than the average of $788,376 for the top 200 franchises.
Real estate Cost
Business premises $3,400 to $5,100
Estimated total $3,400 to $5,100

Training fees

Comfort Keepers initial training costs total $6,750, which comes in under the nationwide average of $9,788.
Training Cost
Expenses related to initial training $3,000 to $6,000
Caregiver training $1,500 to $3,000
Estimated total $4,500 to $9,000

Marketing costs

Advertisement and marketing costs total up to $6,150 for Comfort Keepers, beating out the nationwide average of $9,938.
Marketing Cost
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 costs

Comfort Keepers initial licenses and permits will set you back $3,700. This comes out to less than $18,770 — the overall nationwide average.
Licenses and permits Cost
Licensure $0 to $7,400
Estimated total $0 to $7,400

Insurance costs

Initial insurance costs for Comfort Keepers run $4,950. This means you'll be paying less than the overall nationwide average of $6,311.
Insurance Cost
Insurance $3,100 to $6,800
Estimated total $3,100 to $6,800

Administrative fees

Comfort Keepers administrative fees total up to $2,000 — which comes in under the overall nationwide average of $6,761.
Admin Cost
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

Personnel costs

Uniforms, name tags and the like make up personnel costs, and for Comfort Keepers it will run you $480. The nationwide average cost of personnel fees comes in at $22,818, which means you'll be paying less to outfit your employees.
Personnel Cost
Background screening $360 to $600
Estimated total $360 to $600

Other expenses

Miscellaneous expenses for Comfort Keepers total $5,750 — less than the nationwide average of $69,970.
Other Cost
Professional fees $1,500 to $10,000
Estimated total $1,500 to $10,000
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 Comfort Keepers is on the more costly side, we recommend following these steps to get fully financed:
  1. Go to the Comfort Keepers franchising website and review its financial requirements, including cash-on-hand requirements.
  2. Reach out to Comfort Keepers 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 $89,780 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?

Consider one of the following options for covering a portion of the costs to open a Comfort Keepers.
  • 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.
Also check if Comfort Keepers 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 $69,860. 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
Lendio business loans
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.
National Funding business loans
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
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.
Bitty Advance business cash advances
$5,000 monthly bank revenue, 6+ months in business, business bank account open 3+ months, 450+ credit score
With APRs in the triple digits, this is best saved as a last resort.

Compare up to 4 providers

How Comfort Keepers stacks up

Compare how Comfort Keepers holds up against two similarly sized franchises.
ActionCOACH Comfort Keepers Rooter-Man
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

Bottom line

Comfort Keepers franchise costs run a total of $89,780. 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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