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Fresh Coat costs and fees

The average cost to open one of the 200 biggest franchises in the US is $1,202,874 — see how Fresh Coat compares.

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Fact checked
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.

How COVID-19 affects franchising costs

Strict sanitation and employee protection measures during the coronavirus outbreak add to the typical costs you face when opening a new franchise. Paired with the unusually heavy amount of promotions that may be required by the franchise, you may not see as much in the way of profits starting out. For more information on what support is out there, read our guide to loans for businesses affected by the coronavirus.

Estimated initial costs

Our cost estimates are accurate as of 2019 from https://www.franchisedirect.com and include opening fees and expenses only. Your location 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 2019.

How to finance

The best way to finance Fresh Coat comes down to your personal financial situation. What assets you have available will largely determine how much you need to borrow, and which option suits you best. Potential solutions include:
  • Bank loan. Your personal credit plays a large role in getting a business term loan from a bank. Typically this type of funding is for larger amounts.
  • Online loan. Credit requirements may be more flexible for an online loan than a bank loan, but amounts may max out at a lower amount — typically around $1 million.
  • SBA loan. The good part about SBA loans is that they top out at $5 million, but your business has to meet a number of requirements.
  • Credit card. Small costs that aren't fixed, such as stray inventory and supply purchases, may be better off on a business credit card. Just make sure you can pay it off quickly to avoid high APRs.
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

Data indicated here is updated regularly
Name Product Filter Values Min. Amount Max. Amount Requirements
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.
Fora Financial business loans
$5,000
$500,000
1+ year in business, $250,000+ annual revenue, no open bankruptcies
Get qualified for funding in minutes for up to $500,000 without affecting your credit score. Great for SBA loan applicants.
First Down Funding business loans
$5,000
$300,000
At least 2 years in business, an annual revenue of $300,000+, and a minimum credit score of 400
Alternative financing up to $300K with highly competitive rates.
ROK Financial business loans
$10,000
$5,000,000
Eligibility criteria 3+ months in business, $15,000+ in monthly gross sales or $180,000+ in annual sales
A connection service for all types of businesses — even startups.
OnDeck small business 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.
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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.

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