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Kona Ice franchise financing options

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

Overall costs for Kona Ice run anywhere from $145,600 to $164,100. 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 Kona Ice franchise may result in higher or lower fees.

Franchise fees

Kona Ice franchise fees total around $15,000, which beats out the $37,000 average for the 200 largest franchises nationwide.
Franchise Cost
Initial franchise fee $15,000 to $15,000
Royalty $3,000 for years one and two, $3,500 for years three through six, $4,000 for years seven through ten.
Estimated total $15,000 to $15,000

Equipment fees

Equipment fees total $120,450 for Kona Ice. This is less than the $180,023 average for the top 200 franchises.
Equipment Cost
Truck and installed equipment $119,850 to $119,850
Computer system and hardware $200 to $1,000
Estimated total $120,050 to $120,850

Real estate fees

Real estate will set you back $600 for Kona Ice, thought it's less than the average of $788,376 for the top 200 franchises.
Real estate Cost
Real estate or truck storage $0 to $1,200
Estimated total $0 to $1,200

Training fees

Kona Ice initial training costs total $850, which comes in under the nationwide average of $9,788.
Training Cost
Training expenses $850 to $850
Estimated total $850 to $850

Inventory costs

Initial inventory for Kona Ice shakes out to $5,750. This is less than the nationwide average of $53,119.
Inventory Cost
Initial inventory $5,500 to $5,500
Optional inventory $0 to $500
Estimated total $5,500 to $6,000

Licenses and permits costs

Kona Ice initial licenses and permits will set you back $4,875. This comes out to less than $18,770 — the overall nationwide average.
Licenses and permits Cost
Tax, title and licensing of truck $2,000 to $6,000
Permits and licenses $250 to $1,500
Estimated total $2,250 to $7,500

Insurance costs

Initial insurance costs for Kona Ice run $825. This means you'll be paying less than the overall nationwide average of $6,311.
Insurance Cost
Three months' KEV insurance $450 to $1,200
Estimated total $450 to $1,200

Administrative fees

Kona Ice administrative fees total up to $1,750 — which comes in under the overall nationwide average of $6,761.
Admin Cost
KEV delivery $500 to $3,000
Audit Cost of audit and any related accounting and legal expenses and related travel and administrative expenses (the franchisor estimates this cost to be between $1,000 and $10,000).
Estimated total $500 to $3,000

Other expenses

Miscellaneous expenses for Kona Ice total $4,750 — less than the nationwide average of $69,970.
Other Cost
Three months' additional funds $1,000 to $8,500
Estimated total $1,000 to $8,500
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 Kona Ice is on the more costly side, we recommend following these steps to get fully financed:
  1. Go to the Kona Ice franchising website and review its financial requirements, including cash-on-hand requirements.
  2. Reach out to Kona Ice 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 $154,850 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?

You have several options when it comes to financing a Kona Ice — 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 Kona Ice 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.
Also check if Kona Ice 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 $145,600. 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
Lendio business loans
$500
$5,000,000
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.
National Funding business loans
$5,000
$500,000
Be in business at least one year and make at least $150,000 in annual sales. Other loan types have additional requirements.
Working capital loans and equipment financing, some high-risk industries may be eligible.
Fundbox lines of credit
$1,000
$150,000
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.
Bitty Advance business cash advances
$2,000
$25,000
$5,000 monthly bank revenue, 6+ months in business, business bank account open 3+ months, 450+ credit score
With APRs in the triple digits, this is best saved as a last resort.
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How Kona Ice stacks up

Compare how Kona Ice holds up against two similarly sized franchises.
Cold Stone Creamery Kona Ice Firehouse Subs
Average Franchise fees $17,500 $15,000 $17,500
Average Equipment fees $83,100 $120,450 $88,688
Average Real estate fees $116,500 $600 $226,300
Average Training fees $5,425 $850 NA
Average Inventory fees $4,500 $5,750 $12,369
Average Marketing fees $7,500 NA $14,000
Average Licenses and permits fees $1,750 $4,875 $6,390
Average Insurance fees $1,500 $825 $4,000
Average Admin fees $1,350 $1,750 $11,600
Average Personnel fees $500 NA NA
Average Other fees $22,463 $4,750 $43,100

Bottom line

Kona Ice franchise costs run a total of $154,850. 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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