NorthStar Moving franchise financing options

Overall costs for NorthStar Moving run anywhere from $78,200 to $148,500. 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 2022 from Franchise Direct and include opening fees and expenses only. The location you choose for your NorthStar Moving franchise may result in higher or lower fees.

Franchise fees

NorthStar Moving franchise fees total around $50,000, which is more than the $37,000 average for the 200 largest franchises.

Franchise	Cost
Franchise fee	$50,000 to $50,000
Royalty	7.5% of gross revenues.
Estimated total	$50,000 to $50,000

Equipment fees

Equipment fees total $2,350 for NorthStar Moving. This is less than the $180,023 average for the top 200 franchises.

Equipment	Cost
Office furniture	$700 to $4,000
Estimated total	$700 to $4,000

Real estate fees

Real estate will set you back $10,000 for NorthStar Moving, thought it's less than the average of $788,376 for the top 200 franchises.

Real estate	Cost
Rent and security deposit	$0 to $20,000
Estimated total	$0 to $20,000

Training fees

NorthStar Moving initial training costs total $3,250, which comes in under the nationwide average of $9,788.

Training	Cost
Training expenses	$1,500 to $5,000
Estimated total	$1,500 to $5,000

Insurance costs

Initial insurance costs for NorthStar Moving run $8,000. This means you'll be paying more than the overall nationwide average of $6,311.

Insurance	Cost
Insurance premiums	$4,000 to $12,000
Estimated total	$4,000 to $12,000

Administrative fees

NorthStar Moving administrative fees total up to $4,750 — which comes in under the overall nationwide average of $6,761.

Admin	Cost
Legal and accounting fees	$2,000 to $7,500
Technology fee	The greater of 0.5% of gross revenues or $300 per month.
Call center fee	4% - 9% of gross revenues of each move referred to from the call center.
Estimated total	$2,000 to $7,500

Other expenses

Miscellaneous expenses for NorthStar Moving total $35,000 — less than the nationwide average of $69,970.

Other	Cost
Three months' additional funds	$20,000 to $50,000
Estimated total	$20,000 to $50,000

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 2022.

How to finance

Since the estimated total for NorthStar Moving is on the more costly side, we recommend following these steps to get fully financed:

1. Go to the NorthStar Moving franchising website and review its financial requirements, including cash-on-hand requirements.
2. Reach out to NorthStar Moving 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 $113,350 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 NorthStar Moving — 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 NorthStar Moving 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 NorthStar Moving 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 $78,200. 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 NorthStar Moving stacks up

Compare how NorthStar Moving holds up against two similarly sized franchises.

	Nick-N-Willy's Pizza	NorthStar Moving	Sears Maid Services
Average Franchise fees	NA	$50,000	$52,500
Average Equipment fees	NA	$2,350	NA
Average Real estate fees	NA	$10,000	$2,250
Average Training fees	NA	$3,250	$3,250
Average Inventory fees	NA	NA	$4,250
Average Marketing fees	NA	NA	NA
Average Licenses and permits fees	NA	NA	NA
Average Insurance fees	NA	$8,000	$2,000
Average Admin fees	NA	$4,750	NA
Average Personnel fees	NA	NA	NA
Average Other fees	NA	$35,000	$15,000

Bottom line

NorthStar Moving franchise costs run a total of $113,350. 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.