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Fully Promoted franchise financing options
Compare costs, fees and where to get financing for a Fully Promoted.
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 Fully Promoted franchise may result in higher or lower fees.
Franchise feesFully Promoted franchise fees total around $39,500, which is more than the $37,000 average for the 200 largest franchises.
|Initial franchise fee||$39,500 to $39,500|
|Royalty||The greater of $500 per month or 6% of gross revenues up to $600,000; 4% of gross revenues from $600,000.01 to $1,000,000; and 2% of gross revenues over $1,000,000.|
|Estimated total||$39,500 to $39,500|
Equipment feesEquipment fees total $86,377 for Fully Promoted. This is less than the $180,023 average for the top 200 franchises.
|Equipment package||$86,377 to $86,377|
|Estimated total||$86,377 to $86,377|
Real estate feesReal estate will set you back $19,750 for Fully Promoted, thought it's less than the average of $788,376 for the top 200 franchises.
|Real estate||Varies to|
|Real estate service charge||$0 to $3,500|
|Leasehold improvements||$3,000 to $29,500|
|Security deposit, utility deposits and licenses||$500 to $3,000|
|Estimated total||$3,500 to $36,000|
Training feesFully Promoted initial training costs total $350, which comes in under the nationwide average of $9,788.
|Travel and living expenses while at training school||$210 to $490|
|Estimated total||$210 to $490|
Insurance costsInitial insurance costs for Fully Promoted run $1,500. This means you'll be paying less than the overall nationwide average of $6,311.
|Insurance||$1,000 to $2,000|
|Estimated total||$1,000 to $2,000|
Administrative feesFully Promoted administrative fees total up to $1,000 — which comes in under the overall nationwide average of $6,761.
|Opening supplies||$500 to $1,500|
|Technology fee||$50 or the then current fee.|
|Audit||Cost of audit plus interest on underpayment.|
|Estimated total||$500 to $1,500|
Other expensesMiscellaneous expenses for Fully Promoted total $45,000 — less than the nationwide average of $69,970.
|Up to six months' additional funds||$35,000 to $55,000|
|Estimated total||$35,000 to $55,000|
How to financeSince the estimated total for Fully Promoted is on the more costly side, we recommend following these steps to get fully financed:
- Go to the Fully Promoted franchising website and review its financial requirements, including cash-on-hand requirements.
- Reach out to Fully Promoted about in-house financing for franchisees.
- If in-house financing isn't available, look for online loans, bank loans and SBA loans to help meet the $193,477 estimated opening costs.
- Compare lenders based on amounts, interest rates and what types of personal and business credit history they accept.
- Once you settle on a lender, gather all required documents, including account statements and assets.
- 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 Fully Promoted — 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 Fully Promoted 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.
Compare small business lendersYou may not need financing to cover the estimated $166,087. 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 Fully Promoted stacks upCompare how Fully Promoted holds up against two similarly sized franchises.
|Aussie Pet Mobile||Fully Promoted||Puroclean|
|Average Franchise fees||$60,000||$39,500||$50,000|
|Average Equipment fees||$76,700||$86,377||$116,230|
|Average Real estate fees||NA||$19,750||$2,750|
|Average Training fees||$9,563||$350||$5,300|
|Average Inventory fees||NA||NA||NA|
|Average Marketing fees||$1,000||NA||$1,100|
|Average Licenses and permits fees||$350||NA||$275|
|Average Insurance fees||$550||$1,500||$1,563|
|Average Admin fees||$2,075||$1,000||$813|
|Average Personnel fees||NA||NA||$350|
|Average Other fees||$2,000||$45,000||$250|
Bottom lineFully Promoted franchise costs run a total of $193,477. 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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