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IKOR franchise financing options

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

Overall costs for IKOR run anywhere from $51,600 to $66,833. 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 2022 from Franchise Direct and include opening fees and expenses only. The location you choose for your IKOR franchise may result in higher or lower fees.

Franchise fees

IKOR franchise fees total around $37,500, which is more than the $37,000 average for the 200 largest franchises.
Franchise Cost
Franchise fee $37,500 to $37,500
Royalty 8% of Gross Receipts.
Estimated total $37,500 to $37,500

Equipment fees

Equipment fees total $3,000 for IKOR. This is less than the $180,023 average for the top 200 franchises.
Equipment Cost
Furniture and fixtures $2,000 to $4,000
Estimated total $2,000 to $4,000

Real estate fees

Real estate will set you back $7,167 for IKOR, thought it's less than the average of $788,376 for the top 200 franchises.
Real estate Cost
Leases and security deposits $2,500 to $8,333
Utilities $1,500 to $2,000
Estimated total $4,000 to $10,333

Training fees

IKOR initial training costs total $4,000, which comes in under the nationwide average of $9,788.
Training Cost
Training expenses $3,000 to $5,000
Initial training expenses No fee for the franchisee, Operating Principal, Key Manager and Nurse Advocates. Franchisee must pay for meals, transportation, and lodging for all.
Estimated total $3,000 to $5,000

Inventory costs

Initial inventory for IKOR shakes out to $3,000. This is less than the nationwide average of $53,119.
Inventory Cost
Initial inventory $2,000 to $4,000
Estimated total $2,000 to $4,000

Licenses and permits costs

IKOR initial licenses and permits will set you back $550. This comes out to less than $18,770 — the overall nationwide average.
Licenses and permits Cost
Business licenses and permits $100 to $1,000
Estimated total $100 to $1,000

Other expenses

Miscellaneous expenses for IKOR total $4,000 — less than the nationwide average of $69,970.
Other Cost
Professional fees $3,000 to $5,000
Estimated total $3,000 to $5,000
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 2022.

How to finance

Since the estimated total for IKOR is on the more costly side, we recommend following these steps to get fully financed:
  1. Go to the IKOR franchising website and review its financial requirements, including cash-on-hand requirements.
  2. Reach out to IKOR 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 $59,217 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 IKOR.
  • 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 IKOR 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 $51,600. 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
Biz2Credit business loans
up to $6 million
up to $6 million
6+ months in business; $100,000+ monthly revenue; 500+ credit score
Get only the capital you need through secure, prescreened lenders with this highly rated company offering SBA, expansion, working capital and other loans.
Lendio business loans
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.
ROK Financial business loans
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 short-term loans
600+ personal credit score, 1 year in business, $100,000+ annual revenue, active business checking account
A leading online business lender offering flexible financing at competitive fixed rates.
Fundbox lines of credit
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.

Compare up to 4 providers

How IKOR stacks up

Compare how IKOR holds up against two similarly sized franchises.
Apricot Lane Boutique IKOR MassageLuXe
Average Franchise fees NA $37,500 $42,500
Average Equipment fees $17,050 $3,000 $61,350
Average Real estate fees $50,000 $7,167 $240,500
Average Training fees NA $4,000 $4,000
Average Inventory fees $50,000 $3,000 NA
Average Marketing fees NA NA NA
Average Licenses and permits fees NA $550 $550
Average Insurance fees $500 NA $10,000
Average Admin fees NA NA NA
Average Personnel fees NA NA NA
Average Other fees $750 $4,000 $9,000

Bottom line

IKOR franchise costs run a total of $59,217. 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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