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Menchie’s franchise financing options

Compare costs, fees and where to get financing for a Menchie's.

Overall costs for Menchie's run anywhere from $218,815 to $379,500. 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 Menchie's franchise may result in higher or lower fees.

Franchise fees

Menchie's franchise fees total around $40,000, which is more than the $37,000 average for the 200 largest franchises.
Franchise Cost
Initial franchise fee $40,000 to $40,000
Estimated total $40,000 to $40,000

Equipment fees

Equipment fees total $81,562 for Menchie's. This is less than the $180,023 average for the top 200 franchises.
Equipment Cost
Furniture, fixtures, and equipment $51,600 to $96,400
Computer point-of-sale system $500 to $953
Signage $3,170 to $10,500
Estimated total $55,270 to $107,853

Real estate fees

Real estate will set you back $142,184 for Menchie's, thought it's less than the average of $788,376 for the top 200 franchises.
Real estate Cost
Lease and rent deposit $3,520 to $5,494
Leasehold improvements $102,400 to $169,053
Utility deposits, security deposits, business licenses and similar costs $200 to $3,700
Inspection fee The franchisoru2019s costs and expenses in conducting any subsequent pre-opening Store inspection. The franchisor estimates that this amount will not exceed $1,500.
Estimated total $106,120 to $178,247

Training fees

Menchie's initial training costs total $1,613, which comes in under the nationwide average of $9,788.
Training Cost
Training expenses $625 to $2,600
Estimated total $625 to $2,600

Inventory costs

Initial inventory for Menchie's shakes out to $6,300. This is less than the nationwide average of $53,119.
Inventory Cost
Opening inventory $5,300 to $7,300
Estimated total $5,300 to $7,300

Marketing costs

Advertisement and marketing costs total up to $4,250 for Menchie's, beating out the nationwide average of $9,938.
Marketing Cost
Grand opening marketing $3,500 to $5,000
Marketing fee 2% of gross sales.
Estimated total $3,500 to $5,000

Insurance costs

Initial insurance costs for Menchie's run $1,350. This means you'll be paying less than the overall nationwide average of $6,311.
Insurance Cost
Three months' insurance $1,200 to $1,500
Estimated total $1,200 to $1,500

Personnel costs

Uniforms, name tags and the like make up personnel costs, and for Menchie's it will run you $900. The nationwide average cost of personnel fees comes in at $22,818, which means you'll be paying less to outfit your employees.
Personnel Cost
Uniforms, merchandise, equipment and sales $800 to $1,000
Estimated total $800 to $1,000

Other expenses

Miscellaneous expenses for Menchie's total $21,000 — less than the nationwide average of $69,970.
Other Cost
Three months' additional funds $6,000 to $36,000
Estimated total $6,000 to $36,000
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 2021.

How to finance

Since the estimated total for Menchie's is on the more costly side, we recommend following these steps to get fully financed:
  1. Go to the Menchie's franchising website and review its financial requirements, including cash-on-hand requirements.
  2. Reach out to Menchie's 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 $299,158 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 Menchie's — 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 Menchie's 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 Menchie's 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 $218,815. 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
Fora Financial business loans
$5,000
$500,000
6+ months in business, $12,000+ monthly revenue, no open bankruptcies
Get qualified for funding in minutes for up to $500,000 without affecting your credit score. Best for companies with at least six figures in annual revenue.
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.
OnDeck short-term loans
$5,000
$250,000
600+ personal credit score, 1 year in business, $100,000+ annual revenue
A leading online business lender offering flexible financing at competitive fixed rates.
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.
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How Menchie's stacks up

Compare how Menchie's holds up against two similarly sized franchises.
Pressto Menchie's Molly Maid
Average Franchise fees NA $40,000 $75,150
Average Equipment fees NA $81,562 $10,250
Average Real estate fees NA $142,184 $8,000
Average Training fees NA $1,613 $4,500
Average Inventory fees NA $6,300 NA
Average Marketing fees NA $4,250 NA
Average Licenses and permits fees NA NA $550
Average Insurance fees NA $1,350 $3,750
Average Admin fees NA NA NA
Average Personnel fees NA $900 NA
Average Other fees NA $21,000 NA

Bottom line

Menchie's franchise costs run a total of $299,158. 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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