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Maid Brigade franchise financing options
Compare costs, fees and where to get financing for a Maid Brigade.
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 Maid Brigade franchise may result in higher or lower fees.
Franchise feesMaid Brigade franchise fees total around $17,500, which beats out the $37,000 average for the 200 largest franchises nationwide.
|Initial franchise fee||$35,000 for a territory with up to 30,000 Qualified Households and an additional $1 for each additional Qualified Household to|
|Royalty||6.9% of gross revenues, subject to reduction for higher volume and subject to weekly minimums.|
|Estimated total||$35,000 to $0|
Equipment feesEquipment fees total $5,450 for Maid Brigade. This is less than the $180,023 average for the top 200 franchises.
|Computer equipment||$1,000 to $2,000|
|Equipment, fixtures and other fixed assets||$1,500 to $3,000|
|Automobile||$1,700 to $1,700|
|Estimated total||$4,200 to $6,700|
Real estate feesReal estate will set you back $2,550 for Maid Brigade, thought it's less than the average of $788,376 for the top 200 franchises.
|Real estate for office||$600 to $1,000|
|Security deposits and other prepaid expenses||$1,500 to $2,000|
|Estimated total||$2,100 to $3,000|
Training feesMaid Brigade initial training costs total $2,000, which comes in under the nationwide average of $9,788.
|Training expenses||$2,000 to $2,000|
|Estimated total||$2,000 to $2,000|
Inventory costsInitial inventory for Maid Brigade shakes out to $3,700. This is less than the nationwide average of $53,119.
|Opening inventory||$3,700 to $3,700|
|Estimated total||$3,700 to $3,700|
Marketing costsAdvertisement and marketing costs total up to $11,850 for Maid Brigade, which is more than the nationwide average of $9,938.
|Opening advertising and telephone listing||$11,100 to $12,600|
|Estimated total||$11,100 to $12,600|
Insurance costsInitial insurance costs for Maid Brigade run $1,500. This means you'll be paying less than the overall nationwide average of $6,311.
|Insurance and bond||$1,000 to $2,000|
|Insurance||Varies under circumstances.|
|Estimated total||$1,000 to $2,000|
Other expensesMiscellaneous expenses for Maid Brigade total $43,750 — less than the nationwide average of $69,970.
|Three months' additional funds||$35,700 to $51,800|
|Estimated total||$35,700 to $51,800|
How to financeSince the estimated total for Maid Brigade is on the more costly side, we recommend following these steps to get fully financed:
- Go to the Maid Brigade franchising website and review its financial requirements, including cash-on-hand requirements.
- Reach out to Maid Brigade 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 $88,300 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?Consider one of the following options for covering a portion of the costs to open a Maid Brigade.
- 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.
Compare small business lendersYou may not need financing to cover the estimated $94,800. 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 Maid Brigade stacks upCompare how Maid Brigade holds up against two similarly sized franchises.
|Leadership Management International||Maid Brigade||The Little Gym|
|Average Franchise fees||NA||$17,500||$49,500|
|Average Equipment fees||NA||$5,450||$84,950|
|Average Real estate fees||NA||$2,550||$97,500|
|Average Training fees||NA||$2,000||$7,500|
|Average Inventory fees||NA||$3,700||NA|
|Average Marketing fees||NA||$11,850||$19,000|
|Average Licenses and permits fees||NA||NA||NA|
|Average Insurance fees||NA||$1,500||$2,750|
|Average Admin fees||NA||NA||NA|
|Average Personnel fees||NA||NA||NA|
|Average Other fees||NA||$43,750||$7,000|
Bottom lineMaid Brigade franchise costs run a total of $88,300. 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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