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Oxi Fresh Carpet Cleaning franchise financing options
Compare costs, fees and where to get financing for a Oxi Fresh Carpet Cleaning.
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 feesOxi Fresh Carpet Cleaning franchise fees total around $41,085, which is more than the $37,000 average for the 200 largest franchises.
|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 feesEquipment fees total $950 for Oxi Fresh Carpet Cleaning. This is less than the $180,023 average for the top 200 franchises.
|Computer hardware and software||$0 to $1,300|
|Office equipment and supplies||$100 to $500|
|Estimated total||$100 to $1,800|
Training feesOxi Fresh Carpet Cleaning initial training costs total $2,550, which comes in under the nationwide average of $9,788.
|Commercial and pull system training fee||$700|
|Initial training expenses||$700 to $4,400|
|Estimated total||$700 to $4,400|
Inventory costsInitial inventory for Oxi Fresh Carpet Cleaning shakes out to $2,538. This is less than the nationwide average of $53,119.
|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 costsAdvertisement and marketing costs total up to $4,450 for Oxi Fresh Carpet Cleaning, beating out the nationwide average of $9,938.
|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 costsInitial 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 deposit||$240 to $310|
|Estimated total||$240 to $310|
Administrative feesOxi Fresh Carpet Cleaning administrative fees total up to $850 — which comes in under the overall nationwide average of $6,761.
|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 costsUniforms, 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.
|Uniform costs||$60 to $120|
|Estimated total||$60 to $120|
Other expensesMiscellaneous expenses for Oxi Fresh Carpet Cleaning total $4,500 — less than the nationwide average of $69,970.
|Three months' additional funds||$1,000 to $8,000|
|Estimated total||$1,000 to $8,000|
How to financeSince the estimated total for Oxi Fresh Carpet Cleaning is on the more costly side, we recommend following these steps to get fully financed:
- Go to the Oxi Fresh Carpet Cleaning franchising website and review its financial requirements, including cash-on-hand requirements.
- Reach out to Oxi Fresh Carpet Cleaning 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 $57,288 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 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.
Compare small business lendersYou 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.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
How Oxi Fresh Carpet Cleaning stacks upCompare 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 lineOxi 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.
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