Home Helpers franchise financing options

Overall costs for Home Helpers run anywhere from $55,500 to $80,900. 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 Home Helpers franchise may result in higher or lower fees.

Franchise fees

Home Helpers franchise fees total around $48,900, which is more than the $37,000 average for the 200 largest franchises.

Franchise	Cost
Initial franchise fee	$48,900 to $48,900
Estimated total	$48,900 to $48,900

Equipment fees

Equipment fees total $4,500 for Home Helpers. This is less than the $180,023 average for the top 200 franchises.

Equipment	Cost
Furniture and equipment	$500 to $2,000
Computer system	$2,500 to $4,000
Estimated total	$3,000 to $6,000

Real estate fees

Real estate will set you back $1,500 for Home Helpers, thought it's less than the average of $788,376 for the top 200 franchises.

Real estate	Cost
Initial rent, telephone, bank and other deposits	$0 to $2,000
Monthly office rental payment	$0 to $1,000
Estimated total	$0 to $3,000

Licenses and permits costs

Home Helpers initial licenses and permits will set you back $7,500. This comes out to less than $18,770 — the overall nationwide average.

Licenses and permits	Cost
Licensing fee	$0 to $15,000
Estimated total	$0 to $15,000

Insurance costs

Initial insurance costs for Home Helpers run $5,800. This means you'll be paying less than the overall nationwide average of $6,311.

Insurance	Cost
Insurance	$3,600 to $8,000
Estimated total	$3,600 to $8,000

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 Home Helpers is on the more costly side, we recommend following these steps to get fully financed:

1. Go to the Home Helpers franchising website and review its financial requirements, including cash-on-hand requirements.
2. Reach out to Home Helpers 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 $68,200 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 Home Helpers.

• 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 Home Helpers 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 $55,500. 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.

How Home Helpers stacks up

Compare how Home Helpers holds up against two similarly sized franchises.

	The Alternative Board	Home Helpers	Huntington Learning Center
Average Franchise fees	$31,750	$48,900	$28,000
Average Equipment fees	$1,200	$4,500	$39,730
Average Real estate fees	NA	$1,500	$43,000
Average Training fees	$27,000	NA	$22,272
Average Inventory fees	$375	NA	$6,000
Average Marketing fees	$12,813	NA	$19,124
Average Licenses and permits fees	$300	$7,500	NA
Average Insurance fees	NA	$5,800	NA
Average Admin fees	$5,010	NA	$6,125
Average Personnel fees	NA	NA	NA
Average Other fees	NA	NA	$30,750

Bottom line

Home Helpers franchise costs run a total of $68,200. 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.