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Fit4Mom franchise financing options
Compare costs, fees and where to get financing for a Fit4Mom.
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 Fit4Mom franchise may result in higher or lower fees.
Franchise feesFit4Mom franchise fees total around $9,445, which beats out the $37,000 average for the 200 largest franchises nationwide.
|Initial franchise fee||$6,495 to $12,395|
|Estimated total||$6,495 to $12,395|
Equipment feesEquipment fees total $1,425 for Fit4Mom. This is less than the $180,023 average for the top 200 franchises.
|Office equipment||$0 to $2,000|
|Exercise equipment||$200 to $400|
|Signs||$0 to $250|
|Estimated total||$200 to $2,650|
Training feesFit4Mom initial training costs total $1,000, which comes in under the nationwide average of $9,788.
|Training and travel expenses to attend training||$0 to $2,000|
|Estimated total||$0 to $2,000|
Inventory costsInitial inventory for Fit4Mom shakes out to $500. This is less than the nationwide average of $53,119.
|Supplies||$0 to $1,000|
|Estimated total||$0 to $1,000|
Marketing costsAdvertisement and marketing costs total up to $250 for Fit4Mom, beating out the nationwide average of $9,938.
|Advertising||$0 to $500|
|Estimated total||$0 to $500|
Licenses and permits costsFit4Mom initial licenses and permits will set you back $1,975. This comes out to less than $18,770 — the overall nationwide average.
|Licenses and permits||Cost|
|Business entity formation||$0 to $3,000|
|Business license||$50 to $100|
|Permit and license fees||$0 to $800|
|Estimated total||$50 to $3,900|
Insurance costsInitial insurance costs for Fit4Mom run $430. This means you'll be paying less than the overall nationwide average of $6,311.
|Insurance||$160 to $700|
|Estimated total||$160 to $700|
Other expensesMiscellaneous expenses for Fit4Mom total $1,620 — less than the nationwide average of $69,970.
|Three months' additional funds||$0 to $3,240|
|Estimated total||$0 to $3,240|
How to financeThe average cost to open one of the 200 biggest franchises in the US — $384,919 — is well over the estimated total initial costs for $16,645. Securing funds will likely be easier at lower amounts, just follow these steps:
- Review the financial requirements on the Fit4Mom franchising website.
- Compare banks, online lenders and business credit cards and determine which financing type best suits your needs.
- Once you settle on a financing type, compare lenders based on credit history requirements, amounts offered and interest rates.
- Gather all required documents and apply online or in person.
What types of financing is available?Consider one of the following options for covering a portion of the costs to open a Fit4Mom.
- 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.
Compare small business lendersYou may not need financing to cover the estimated $6,905. 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.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
How Fit4Mom stacks upCompare how Fit4Mom holds up against two similarly sized franchises.
|Real Property Management||Fit4Mom||HouseMaster|
|Average Franchise fees||$55,000||$9,445||$42,500|
|Average Equipment fees||$22,100||$1,425||$7,750|
|Average Real estate fees||$2,750||NA||$375|
|Average Training fees||$1,500||$1,000||$3,750|
|Average Inventory fees||NA||$500||NA|
|Average Marketing fees||$5,000||$250||$6,500|
|Average Licenses and permits fees||$750||$1,975||$7,500|
|Average Insurance fees||$3,750||$430||$4,500|
|Average Admin fees||$4,099||NA||$1,750|
|Average Personnel fees||NA||NA||NA|
|Average Other fees||$35,000||$1,620||$1,375|
Bottom lineFit4Mom franchise costs run a total of $16,645. 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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