Edible Arrangements franchise financing options

Overall costs for Edible run anywhere from $133,100 to $320,700. 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 Edible franchise may result in higher or lower fees.

Equipment fees

Equipment fees total $110,100 for Edible. This is less than the $180,023 average for the top 200 franchises.

Equipment	Cost
Equipment, including computers and installation	$77,800 to $125,800
Signage, including shipping and installation	$5,000 to $10,000
Delivery vehicle monthly lease or loan payment	$600 to $1,000
Estimated total	$83,400 to $136,800

Real estate fees

Real estate will set you back $95,000 for Edible, thought it's less than the average of $788,376 for the top 200 franchises.

Real estate	Cost
Build-out, vanilla box	$30,000 to $160,000
Estimated total	$30,000 to $160,000

Training fees

Edible initial training costs total $1,450, which comes in under the nationwide average of $9,788.

Training	Cost
Expenses related to attendance at initial training, per attendee	$1,000 to $1,900
Estimated total	$1,000 to $1,900

Inventory costs

Initial inventory for Edible shakes out to $15,750. This is less than the nationwide average of $53,119.

Inventory	Cost
Opening inventory, including shipping	$15,000 to $16,500
Estimated total	$15,000 to $16,500

Administrative fees

Edible administrative fees total up to $2,600 — which comes in under the overall nationwide average of $6,761.

Admin	Cost
Printing and graphics, including shipping	$2,200 to $3,000
Audit	Cost of inspection or audit, which may be up to $2,500 per day.
Estimated total	$2,200 to $3,000

Other expenses

Miscellaneous expenses for Edible total $2,000 — less than the nationwide average of $69,970.

Other	Cost
Miscellaneous opening costs	$1,500 to $2,500
Estimated total	$1,500 to $2,500

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 Edible is on the more costly side, we recommend following these steps to get fully financed:

1. Go to the Edible franchising website and review its financial requirements, including cash-on-hand requirements.
2. Reach out to Edible 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 $226,900 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?

You have several options when it comes to financing a Edible — 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 Edible 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.

Also check if Edible 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 $133,100. 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.

How Edible stacks up

Compare how Edible holds up against two similarly sized franchises.

	HomeVestors of America	Edible	Mathnasium
Average Franchise fees	$51,000	NA	NA
Average Equipment fees	$13,200	$110,100	NA
Average Real estate fees	$75,500	$95,000	NA
Average Training fees	$3,900	$1,450	NA
Average Inventory fees	NA	$15,750	NA
Average Marketing fees	$69,000	NA	NA
Average Licenses and permits fees	NA	NA	NA
Average Insurance fees	$5,000	NA	NA
Average Admin fees	$1,075	$2,600	NA
Average Personnel fees	NA	NA	NA
Average Other fees	$29,450	$2,000	NA

Bottom line

Edible franchise costs run a total of $226,900. 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.