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Doc Popcorn franchise financing options
Compare costs, fees and where to get financing for a Doc Popcorn.
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 Doc Popcorn franchise may result in higher or lower fees.
Franchise fees
Doc Popcorn franchise fees total around $11,250, which beats out the $37,000 average for the 200 largest franchises nationwide.| Franchise | Cost |
|---|---|
| Initial franchise fee | $7,500 to $15,000 |
| Royalty | 6% of gross revenue. |
| Estimated total | $7,500 to $15,000 |
Equipment fees
Equipment fees total $22,750 for Doc Popcorn. This is less than the $180,023 average for the top 200 franchises.| Equipment | Cost |
|---|---|
| Vehicle | $0 to $12,000 |
| Computer equipment | $3,000 to $6,000 |
| Signage | $3,500 to $12,000 |
| Computer system | $3,000 to $6,000 |
| Estimated total | $9,500 to $36,000 |
Real estate fees
Real estate will set you back $113,250 for Doc Popcorn, thought it's less than the average of $788,376 for the top 200 franchises.| Real estate | Cost |
|---|---|
| Real estate lease | $1,000 to $32,000 |
| Construction | $63,500 to $130,000 |
| Estimated total | $64,500 to $162,000 |
Training fees
Doc Popcorn initial training costs total $4,525, which comes in under the nationwide average of $9,788.| Training | Cost |
|---|---|
| Initial training expenses | $1,000 to $3,550 |
| Travel and living expenses | $1,000 to $3,500 |
| Estimated total | $2,000 to $7,050 |
Inventory costs
Initial inventory for Doc Popcorn shakes out to $7,000. This is less than the nationwide average of $53,119.| Inventory | Cost |
|---|---|
| Opening inventory | $4,000 to $10,000 |
| Estimated total | $4,000 to $10,000 |
Other expenses
Miscellaneous expenses for Doc Popcorn total $7,750 — less than the nationwide average of $69,970.| Other | Cost |
|---|---|
| Miscellaneous opening costs | $3,000 to $12,500 |
| Estimated total | $3,000 to $12,500 |
How to finance
Since the estimated total for Doc Popcorn is on the more costly side, we recommend following these steps to get fully financed:- Go to the Doc Popcorn franchising website and review its financial requirements, including cash-on-hand requirements.
- Reach out to Doc Popcorn 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 $166,525 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?
You have several options when it comes to financing a Doc Popcorn — even if the cost is on the heavier side. What assets you have available will largely determine how much you need to borrow, and which option suits you best.- Online loan. A number of online business lenders offer amounts up to $1 million, with some extending up to $5 million.
- Bank loan. Your personal credit will typically need to at least be good — 670 or higher — when it comes to getting a bank loan large enough to cover a significant portion of Doc Popcorn opening costs.
- SBA loan. While your personal credit score doesn't need to be as good to qualify for an SBA loan, they usually cost more than standard term loans from banks or online lenders.
Compare small business lenders
You may not need financing to cover the estimated $90,500. 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 Doc Popcorn stacks up
Compare how Doc Popcorn holds up against two similarly sized franchises.| ARCpoint Labs | Doc Popcorn | Re-Bath | |
|---|---|---|---|
| Average Franchise fees | $49,500 | $11,250 | NA |
| Average Equipment fees | $9,750 | $22,750 | NA |
| Average Real estate fees | $29,000 | $113,250 | NA |
| Average Training fees | $17,250 | $4,525 | NA |
| Average Inventory fees | $1,625 | $7,000 | NA |
| Average Marketing fees | NA | NA | NA |
| Average Licenses and permits fees | $488 | NA | NA |
| Average Insurance fees | NA | NA | NA |
| Average Admin fees | NA | NA | NA |
| Average Personnel fees | NA | NA | NA |
| Average Other fees | $65,000 | $7,750 | NA |
Bottom line
Doc Popcorn franchise costs run a total of $166,525. 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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