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Minuteman Press franchise financing options

Compare costs, fees and where to get financing for a Minuteman Press.

Overall costs for Minuteman Press run anywhere from $138,163 to $185,213. 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 Minuteman Press franchise may result in higher or lower fees.

Franchise fees

Minuteman Press franchise fees total around $40,000, which is more than the $37,000 average for the 200 largest franchises.
Franchise Cost
Initial franchise fee $32,500 to $47,500
Royalty 6% of total gross revenue, subject to the royalty incentive program.
Estimated total $32,500 to $47,500

Equipment fees

Equipment fees total $70,313 for Minuteman Press. This is less than the $180,023 average for the top 200 franchises.
Equipment Cost
Equipment package deposit, if leased $5,360 to $5,360
Equipment package $62,259 to $62,259
Xerox leased equipment $1,294 to $1,294
Reconditioned equipment package, if available $1,000 to $1,800
Estimated total $69,913 to $70,713

Real estate fees

Real estate will set you back $6,500 for Minuteman Press, thought it's less than the average of $788,376 for the top 200 franchises.
Real estate Cost
Real estate $1,000 to $5,000
Real estate security deposit $1,000 to $5,000
Utility deposits $0 to $1,000
Estimated total $2,000 to $11,000

Licenses and permits costs

Minuteman Press initial licenses and permits will set you back $500. This comes out to less than $18,770 — the overall nationwide average.
Licenses and permits Cost
Business licenses $0 to $1,000
Estimated total $0 to $1,000

Insurance costs

Initial insurance costs for Minuteman Press run $1,375. This means you'll be paying less than the overall nationwide average of $6,311.
Insurance Cost
Six months' insurance $750 to $2,000
Estimated total $750 to $2,000

Administrative fees

Minuteman Press administrative fees total up to $5,500 — which comes in under the overall nationwide average of $6,761.
Admin Cost
Software $7,995 at the time of purchase and $340 annual fee payable on the anniversary date of the software license.
Shipping $3,000 to $8,000
Audit Cost of audit will vary.
Estimated total $3,000 to $8,000

Other expenses

Miscellaneous expenses for Minuteman Press total $37,500 — less than the nationwide average of $69,970.
Other Cost
Up to six months' additional funds $30,000 to $45,000
Estimated total $30,000 to $45,000
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 Minuteman Press is on the more costly side, we recommend following these steps to get fully financed:
  1. Go to the Minuteman Press franchising website and review its financial requirements, including cash-on-hand requirements.
  2. Reach out to Minuteman Press 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 $161,688 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 Minuteman Press — 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 Minuteman Press 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 Minuteman Press 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 $138,163. 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
Biz2Credit business loans
6+ months in business; $100,000+ monthly revenue; 500+ credit score
Get only the capital you need through secure, prescreened lenders with this highly rated company offering SBA, expansion, working capital and other loans.
OnDeck short-term loans
600+ personal credit score, 1 year in business, $100,000+ annual revenue, active business checking account
A leading online business lender offering flexible financing at competitive fixed rates.
Fora Financial business loans
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
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.
ROK Financial business loans
Eligibility criteria 3+ months in business, $15,000+ in monthly gross sales or $180,000+ in annual sales
A connection service for all types of businesses — even startups.

Compare up to 4 providers

How Minuteman Press stacks up

Compare how Minuteman Press holds up against two similarly sized franchises.
Mathnasium Minuteman Press No Mas Vello
Average Franchise fees NA $40,000 NA
Average Equipment fees NA $70,313 NA
Average Real estate fees NA $6,500 NA
Average Training fees NA NA NA
Average Inventory fees NA NA NA
Average Marketing fees NA NA NA
Average Licenses and permits fees NA $500 NA
Average Insurance fees NA $1,375 NA
Average Admin fees NA $5,500 NA
Average Personnel fees NA NA NA
Average Other fees NA $37,500 NA

Bottom line

Minuteman Press franchise costs run a total of $161,688. 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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