Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

Fresh Coat franchise financing options

Compare costs, fees and where to get financing for a Fresh Coat.

Overall costs for Fresh Coat run anywhere from $48,400 to $59,400. 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 Fresh Coat franchise may result in higher or lower fees.

Franchise fees

Fresh Coat franchise fees total around $44,900, which is more than the $37,000 average for the 200 largest franchises.
Franchise Cost
Initial franchise fee $44,900 to $44,900
Royalty fees 6% of gross revenues; $300 monthly minimum.
Estimated total $44,900 to $44,900

Equipment fees

Equipment fees total $3,500 for Fresh Coat. This is less than the $180,023 average for the top 200 franchises.
Equipment Cost
Furniture and equipment $0 to $1,000
Computer system $1,000 to $3,000
Vehicle $0 to $2,000
Estimated total $1,000 to $6,000

Real estate fees

Real estate will set you back $500 for Fresh Coat, thought it's less than the average of $788,376 for the top 200 franchises.
Real estate Cost
Monthly office rental payment $0 to $1,000
Estimated total $0 to $1,000

Training fees

Fresh Coat initial training costs total $1,000, which comes in under the nationwide average of $9,788.
Training Cost
Travel and living expenses while training $500 to $1,500
Estimated total $500 to $1,500

Insurance costs

Initial insurance costs for Fresh Coat run $4,000. This means you'll be paying less than the overall nationwide average of $6,311.
Insurance Cost
Insurance $2,000 to $6,000
Estimated total $2,000 to $6,000
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 Fresh Coat is on the more costly side, we recommend following these steps to get fully financed:
  1. Go to the Fresh Coat franchising website and review its financial requirements, including cash-on-hand requirements.
  2. Reach out to Fresh Coat 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 $53,900 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?

Consider one of the following options for covering a portion of the costs to open a Fresh Coat.
  • 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 Fresh Coat 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 $48,400. 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.
loading

Compare up to 4 providers

How Fresh Coat stacks up

Compare how Fresh Coat holds up against two similarly sized franchises.
Wayback Burgers Fresh Coat Miracle Method Surface Refinishing
Average Franchise fees $35,000 $44,900 $51,500
Average Equipment fees $126,500 $3,500 $11,122
Average Real estate fees $149,750 $500 NA
Average Training fees $5,500 $1,000 $9,040
Average Inventory fees $13,250 NA NA
Average Marketing fees $5,000 NA $12,500
Average Licenses and permits fees NA NA $2,750
Average Insurance fees $2,750 $4,000 NA
Average Admin fees NA NA NA
Average Personnel fees NA NA NA
Average Other fees NA NA $8,859

Bottom line

Fresh Coat franchise costs run a total of $53,900. 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.

More guides on Finder

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site