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Fred Astaire Dance Studio franchise financing options

Compare costs, fees and where to get financing for a Fred Astaire Dance Studio.

Overall costs for Fred Astaire Dance Studio run anywhere from $53,000 to $102,500. 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 Fred Astaire Dance Studio franchise may result in higher or lower fees.

Franchise fees

Fred Astaire Dance Studio franchise fees total around $35,000, which beats out the $37,000 average for the 200 largest franchises nationwide.
Franchise Cost
Initial franchise fee $30,000 to $40,000
Estimated total $30,000 to $40,000

Equipment fees

Equipment fees total $32,500 for Fred Astaire Dance Studio. This is less than the $180,023 average for the top 200 franchises.
Equipment Cost
Furniture, fixtures and equipment $10,000 to $30,000
Signage and graphics $10,000 to $15,000
Estimated total $20,000 to $45,000

Training fees

Fred Astaire Dance Studio initial training costs total $2,500, which comes in under the nationwide average of $9,788.
Training Cost
Initial training fee $0 to $5,000
Estimated total $0 to $5,000

Licenses and permits costs

Fred Astaire Dance Studio initial licenses and permits will set you back $1,500. This comes out to less than $18,770 — the overall nationwide average.
Licenses and permits Cost
Business licenses $500 to $2,500
Estimated total $500 to $2,500

Other expenses

Miscellaneous expenses for Fred Astaire Dance Studio total $6,250 — less than the nationwide average of $69,970.
Other Cost
Professional fees $2,500 to $10,000
Estimated total $2,500 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 Fred Astaire Dance Studio is on the more costly side, we recommend following these steps to get fully financed:
  1. Go to the Fred Astaire Dance Studio franchising website and review its financial requirements, including cash-on-hand requirements.
  2. Reach out to Fred Astaire Dance Studio 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 $77,750 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 Fred Astaire Dance Studio.
  • 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 Fred Astaire Dance Studio 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 $53,000. 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
Fora Financial business loans
$5,000
$500,000
6+ months in business, $12,000+ monthly revenue, no open bankruptcies
Get qualified for funding in minutes for up to $500,000 without affecting your credit score. Best for companies with at least six figures in annual revenue.
Lendio business loans
$500
$5,000,000
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.
OnDeck short-term loans
$5,000
$250,000
600+ personal credit score, 1 year in business, $100,000+ annual revenue
A leading online business lender offering flexible financing at competitive fixed rates.
National Funding business loans
$5,000
$500,000
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
$1,000
$150,000
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.
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How Fred Astaire Dance Studio stacks up

Compare how Fred Astaire Dance Studio holds up against two similarly sized franchises.
Crestcom Fred Astaire Dance Studio TSS Photography
Average Franchise fees $69,500 $35,000 $24,500
Average Equipment fees $1,863 $32,500 $2,000
Average Real estate fees $250 NA $75
Average Training fees $2,470 $2,500 $1,000
Average Inventory fees NA NA NA
Average Marketing fees $8,700 NA NA
Average Licenses and permits fees NA $1,500 NA
Average Insurance fees $1,150 NA NA
Average Admin fees $1,450 NA NA
Average Personnel fees NA NA NA
Average Other fees $6,888 $6,250 $4,250

Bottom line

Fred Astaire Dance Studio franchise costs run a total of $77,750. 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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