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Growler USA franchise financing options
Compare costs, fees and where to get financing for a Growler USA.
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 Growler USA franchise may result in higher or lower fees.
Franchise feesGrowler USA franchise fees total around $35,000, which beats out the $37,000 average for the 200 largest franchises nationwide.
|Initial franchise fee||$35,000 to $35,000|
|Estimated total||$35,000 to $35,000|
Training feesGrowler USA initial training costs total $24,301 — more than the nationwide average of $9,788.
|Initial training expenses||$18,192 to $30,410|
|Estimated total||$18,192 to $30,410|
Inventory costsInitial inventory for Growler USA shakes out to $27,684. This is less than the nationwide average of $53,119.
|Opening inventory||$19,072 to $36,296|
|Estimated total||$19,072 to $36,296|
Licenses and permits costsGrowler USA initial licenses and permits will set you back $9,500. This comes out to less than $18,770 — the overall nationwide average.
|Licenses and permits||Cost|
|Business licenses and permits||$4,000 to $15,000|
|Estimated total||$4,000 to $15,000|
Insurance costsInitial insurance costs for Growler USA run $5,950. This means you'll be paying less than the overall nationwide average of $6,311.
|Insurance||$5,200 to $6,700|
|Estimated total||$5,200 to $6,700|
Other expensesMiscellaneous expenses for Growler USA total $61,575 — less than the nationwide average of $69,970.
|Professional fees||$15,500 to $32,650|
|Three months' additional funds||$30,000 to $45,000|
|Estimated total||$45,500 to $77,650|
How to financeSince the estimated total for Growler USA is on the more costly side, we recommend following these steps to get fully financed:
- Go to the Growler USA franchising website and review its financial requirements, including cash-on-hand requirements.
- Reach out to Growler USA 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 $164,010 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 Growler USA — 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 Growler USA 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 $126,964. 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 Growler USA stacks upCompare how Growler USA holds up against two similarly sized franchises.
|Wag Nu2019 Wash||Growler USA||Jump!Zone|
|Average Franchise fees||$45,000||$35,000||$40,000|
|Average Equipment fees||$68,000||NA||NA|
|Average Real estate fees||$329,750||NA||$215,000|
|Average Training fees||$3,000||$24,301||NA|
|Average Inventory fees||$40,000||$27,684||NA|
|Average Marketing fees||$3,500||NA||$10,000|
|Average Licenses and permits fees||$1,500||$9,500||NA|
|Average Insurance fees||$2,250||$5,950||$3,000|
|Average Admin fees||NA||NA||NA|
|Average Personnel fees||NA||NA||NA|
|Average Other fees||$4,000||$61,575||$50,000|
Bottom lineGrowler USA franchise costs run a total of $164,010. 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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