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Kiddie Academy franchise financing options
Compare costs, fees and where to get financing for a Kiddie Academy.
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 Kiddie Academy franchise may result in higher or lower fees.
Franchise feesKiddie Academy franchise fees total around $135,000, which is more than the $37,000 average for the 200 largest franchises.
|Initial franchise fee||$135,000 to $135,000|
|Estimated total||$135,000 to $135,000|
Equipment feesEquipment fees total $379,750 for Kiddie Academy. This costs more than the $180,023 average for the top 200 franchises.
|Kitchen equipment and supplies||$15,000 to $30,000|
|Supplies and equipment for inside of academy, playground and online training component||$74,000 to $260,000|
|Outdoor fixed playground equipment||$60,000 to $140,000|
|Computer hardware and software and classroom technology||$25,000 to $56,000|
|Office and lobby furniture, office equipment and supplies and telephone system||$10,000 to $30,000|
|Indoor and outdoor signage||$9,500 to $45,000|
|Transportation vehicles and equipment||$0 to $5,000|
|Estimated total||$193,500 to $566,000|
Real estate feesReal estate will set you back $62,500 for Kiddie Academy, thought it's less than the average of $788,376 for the top 200 franchises.
|Lease deposit||$15,000 to $110,000|
|Estimated total||$15,000 to $110,000|
Training feesKiddie Academy initial training costs total $6,500, which comes in under the nationwide average of $9,788.
|Travel and living expenses while training and plan review||$2,000 to $11,000|
|Estimated total||$2,000 to $11,000|
Marketing costsAdvertisement and marketing costs total up to $35,000 for Kiddie Academy, which is more than the nationwide average of $9,938.
|Startup marketing and advertising expenses||$35,000 to $35,000|
|Estimated total||$35,000 to $35,000|
Licenses and permits costsKiddie Academy initial licenses and permits will set you back $3,000. This comes out to less than $18,770 — the overall nationwide average.
|Licenses and permits||Cost|
|Business licenses||$1,000 to $5,000|
|Estimated total||$1,000 to $5,000|
Insurance costsInitial insurance costs for Kiddie Academy run $6,250. This means you'll be paying less than the overall nationwide average of $6,311.
|Insurance and utility deposits||$2,500 to $10,000|
|Estimated total||$2,500 to $10,000|
Administrative feesKiddie Academy administrative fees total up to $32,500 — which comes in over the overall nationwide average of $6,761.
|Professional fees and loan fees||$10,000 to $55,000|
|Estimated total||$10,000 to $55,000|
Other expensesMiscellaneous expenses for Kiddie Academy total $87,500 — more than the nationwide average of $69,970.
|Three months' additional funds and working capital||$30,000 to $145,000|
|Estimated total||$30,000 to $145,000|
How to financeSince the estimated total for Kiddie Academy is on the more costly side, we recommend following these steps to get fully financed:
- Go to the Kiddie Academy franchising website and review its financial requirements, including cash-on-hand requirements.
- Reach out to Kiddie Academy 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 $748,000 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 Kiddie Academy — 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 Kiddie Academy 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 $424,000. 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 Kiddie Academy stacks upCompare how Kiddie Academy holds up against two similarly sized franchises.
|CMIT Solutions||Kiddie Academy||Mosquito Squad|
|Average Franchise fees||$53,825||$135,000||$35,000|
|Average Equipment fees||$1,635||$379,750||$18,863|
|Average Real estate fees||NA||$62,500||NA|
|Average Training fees||$3,100||$6,500||$750|
|Average Inventory fees||NA||NA||$3,850|
|Average Marketing fees||$13,075||$35,000||$7,500|
|Average Licenses and permits fees||$1,025||$3,000||NA|
|Average Insurance fees||NA||$6,250||$2,550|
|Average Admin fees||NA||$32,500||$3,480|
|Average Personnel fees||$12,000||NA||NA|
|Average Other fees||$25,000||$87,500||$5,000|
Bottom lineKiddie Academy franchise costs run a total of $748,000. 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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