Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

Oxi Fresh Carpet Cleaning franchise financing options

Compare costs, fees and where to get financing for a Oxi Fresh Carpet Cleaning.

Overall costs for Oxi Fresh Carpet Cleaning run anywhere from $44,335 to $70,240. 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 Oxi Fresh Carpet Cleaning franchise may result in higher or lower fees.

Franchise fees

Oxi Fresh Carpet Cleaning franchise fees total around $41,085, which is more than the $37,000 average for the 200 largest franchises.
Franchise Cost
Initial franchise fee $39,900 to $39,900
Royalty fee for first three months $1,185 to $1,185
Royalty $395 per month.
Estimated total $41,085 to $41,085

Equipment fees

Equipment fees total $950 for Oxi Fresh Carpet Cleaning. This is less than the $180,023 average for the top 200 franchises.
Equipment Cost
Computer hardware and software $0 to $1,300
Office equipment and supplies $100 to $500
Estimated total $100 to $1,800

Training fees

Oxi Fresh Carpet Cleaning initial training costs total $2,550, which comes in under the nationwide average of $9,788.
Training Cost
Commercial and pull system training fee $700
Initial training expenses $700 to $4,400
Estimated total $700 to $4,400

Inventory costs

Initial inventory for Oxi Fresh Carpet Cleaning shakes out to $2,538. This is less than the nationwide average of $53,119.
Inventory Cost
Cleaning agents $0 to $1,000
Tile and grout cleaning package $0 to $500
Upholstery cleaning package $0 to $950
Hardwood floor cleaning package $0 to $2,625
Estimated total $0 to $5,075

Marketing costs

Advertisement and marketing costs total up to $4,450 for Oxi Fresh Carpet Cleaning, beating out the nationwide average of $9,938.
Marketing Cost
Three months' advertising and technology fee $450 to $450
First three months' marketing expenses $0 to $8,000
Estimated total $450 to $8,450

Insurance costs

Initial insurance costs for Oxi Fresh Carpet Cleaning run $275. This means you'll be paying less than the overall nationwide average of $6,311.
Insurance Cost
Insurance deposit $240 to $310
Estimated total $240 to $310

Administrative fees

Oxi Fresh Carpet Cleaning administrative fees total up to $850 — which comes in under the overall nationwide average of $6,761.
Admin Cost
Legal and accounting fees $700 to $1,000
Job fee (i) $14 per completed job; (ii) $40 per month for each Co-Op Line that the franchisor provides franchisees; (iii) $40 per month for each Market Expansion Line that the franchisor provides franchisees, if any; and (iv) $10 per month for each Oxi Fresh Business franchisees own to cover their share of the national Toll-Free Number.
Estimated total $700 to $1,000

Personnel costs

Uniforms, name tags and the like make up personnel costs, and for Oxi Fresh Carpet Cleaning it will run you $90. 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
Uniform costs $60 to $120
Estimated total $60 to $120

Other expenses

Miscellaneous expenses for Oxi Fresh Carpet Cleaning total $4,500 — less than the nationwide average of $69,970.
Other Cost
Three months' additional funds $1,000 to $8,000
Estimated total $1,000 to $8,000
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 Oxi Fresh Carpet Cleaning is on the more costly side, we recommend following these steps to get fully financed:
  1. Go to the Oxi Fresh Carpet Cleaning franchising website and review its financial requirements, including cash-on-hand requirements.
  2. Reach out to Oxi Fresh Carpet Cleaning 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 $57,288 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?

Consider one of the following options for covering a portion of the costs to open a Oxi Fresh Carpet Cleaning.
  • 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.
Also check if Oxi Fresh Carpet Cleaning 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 $44,335. 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.
loading

Compare up to 4 providers

How Oxi Fresh Carpet Cleaning stacks up

Compare how Oxi Fresh Carpet Cleaning holds up against two similarly sized franchises.
Once Upon A Child Oxi Fresh Carpet Cleaning Pak Mail (Retail Center)
Average Franchise fees $25,000 $41,085 $22,463
Average Equipment fees $80,650 $950 $49,450
Average Real estate fees $48,500 NA $34,250
Average Training fees NA $2,550 $1,500
Average Inventory fees $72,500 $2,538 $6,000
Average Marketing fees NA $4,450 $2,250
Average Licenses and permits fees $9,000 NA $650
Average Insurance fees NA $275 $2,500
Average Admin fees NA $850 NA
Average Personnel fees NA $90 NA
Average Other fees $45,000 $4,500 $37,750

Bottom line

Oxi Fresh Carpet Cleaning franchise costs run a total of $57,288. 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

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site