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MaidPro franchise financing options
Compare costs, fees and where to get financing for a MaidPro.
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 MaidPro franchise may result in higher or lower fees.
Franchise fees
MaidPro franchise fees total around $50,000, which is more than the $37,000 average for the 200 largest franchises.Franchise | Cost |
---|---|
Initial franchise fee | $0 to $80,000 |
Optional additional territory | $0 to $20,000 |
Estimated total | $0 to $100,000 |
Equipment fees
Equipment fees total $16,825 for MaidPro. This is less than the $180,023 average for the top 200 franchises.Equipment | Cost |
---|---|
Equipment | $5,650 to $11,300 |
Cost for initial vehicle with signage, lease | $5,300 to $11,400 |
Estimated total | $10,950 to $22,700 |
Marketing costs
Advertisement and marketing costs total up to $21,450 for MaidPro, which is more than the nationwide average of $9,938.Marketing | Cost |
---|---|
Initial printing materials | $1,300 to $2,600 |
Three months' advertising | $12,000 to $27,000 |
Estimated total | $13,300 to $29,600 |
Other expenses
Miscellaneous expenses for MaidPro total $7,505 — less than the nationwide average of $69,970.Other | Cost |
---|---|
Miscellaneous opening costs | $6,160 to $8,850 |
Estimated total | $6,160 to $8,850 |
How to finance
Since the estimated total for MaidPro is on the more costly side, we recommend following these steps to get fully financed:- Go to the MaidPro franchising website and review its financial requirements, including cash-on-hand requirements.
- Reach out to MaidPro 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 $95,780 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 MaidPro.- 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 lenders
You may not need financing to cover the estimated $30,410. 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 MaidPro stacks up
Compare how MaidPro holds up against two similarly sized franchises.Arthur Murray Dance Studio | MaidPro | ACFN, The ATM | |
---|---|---|---|
Average Franchise fees | $56,250 | $50,000 | $25,000 |
Average Equipment fees | $16,000 | $16,825 | $10,531 |
Average Real estate fees | $44,400 | NA | NA |
Average Training fees | $2,500 | NA | $1,445 |
Average Inventory fees | NA | NA | NA |
Average Marketing fees | $468 | $21,450 | NA |
Average Licenses and permits fees | NA | NA | $600 |
Average Insurance fees | NA | NA | $800 |
Average Admin fees | NA | NA | NA |
Average Personnel fees | NA | NA | NA |
Average Other fees | NA | $7,505 | $12,000 |
Bottom line
MaidPro franchise costs run a total of $95,780. 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.More guides on Finder
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