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Pak Mail franchise financing options
Compare costs, fees and where to get financing for a Pak Mail.
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 Pak Mail (Retail Center) franchise may result in higher or lower fees.
Franchise feesPak Mail (Retail Center) franchise fees total around $22,463, which beats out the $37,000 average for the 200 largest franchises nationwide.
|Initial franchise fee||$14,975 to $29,950|
|Estimated total||$14,975 to $29,950|
Equipment feesEquipment fees total $49,450 for Pak Mail (Retail Center). This is less than the $180,023 average for the top 200 franchises.
|Fixtures||$10,500 to $38,500|
|Mailboxes||$2,500 to $8,900|
|Interior signage||$1,000 to $2,500|
|Exterior signage||$3,000 to $6,500|
|Equipment||$2,000 to $6,000|
|Computer hardware and software||$4,500 to $13,000|
|Estimated total||$23,500 to $75,400|
Real estate feesReal estate will set you back $34,250 for Pak Mail (Retail Center), thought it's less than the average of $788,376 for the top 200 franchises.
|Flooring||$5,000 to $8,500|
|Construction services||$9,000 to $36,000|
|Construction consultation fee, if applicable||Varies to|
|Architect fee||$4,000 to $6,000|
|Estimated total||$18,000 to $50,500|
Training feesPak Mail (Retail Center) initial training costs total $1,500, which comes in under the nationwide average of $9,788.
|Travel, lodging and meals for initial training||u00a0$250 to $3,000|
|Estimated total||$0 to $3,000|
Inventory costsInitial inventory for Pak Mail (Retail Center) shakes out to $6,000. This is less than the nationwide average of $53,119.
|Initial inventory||$2,000 to $7,000|
|Supplies||$1,000 to $2,000|
|Estimated total||$3,000 to $9,000|
Marketing costsAdvertisement and marketing costs total up to $2,250 for Pak Mail (Retail Center), beating out the nationwide average of $9,938.
|New center or new owner marketing program||u00a0$4,500 to $4,500|
|Marketing fee||2% of gross receipts.|
|Estimated total||$0 to $4,500|
Licenses and permits costsPak Mail (Retail Center) initial licenses and permits will set you back $650. This comes out to less than $18,770 — the overall nationwide average.
|Licenses and permits||Cost|
|Business licenses, business permits and similar costs||$300 to $1,000|
|Estimated total||$300 to $1,000|
Insurance costsInitial insurance costs for Pak Mail (Retail Center) run $2,500. This means you'll be paying less than the overall nationwide average of $6,311.
|Insurance||$0 to $5,000|
|Estimated total||$0 to $5,000|
Other expensesMiscellaneous expenses for Pak Mail (Retail Center) total $37,750 — less than the nationwide average of $69,970.
|Deposits and prepaid expenses||$7,500 to $13,000|
|Miscellaneous expenditures||$2,000 to $3,000|
|First 12 months' additional funds||$0 to $50,000|
|Estimated total||$9,500 to $66,000|
How to financeSince the estimated total for Pak Mail (Retail Center) is on the more costly side, we recommend following these steps to get fully financed:
- Go to the Pak Mail (Retail Center) franchising website and review its financial requirements, including cash-on-hand requirements.
- Reach out to Pak Mail (Retail Center) 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 $156,813 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?You have several options when it comes to financing a Pak Mail (Retail Center) — 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 Pak Mail (Retail Center) 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.
Compare small business lendersYou may not need financing to cover the estimated $69,275. 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 Pak Mail (Retail Center) stacks upCompare how Pak Mail (Retail Center) holds up against two similarly sized franchises.
|Oxi Fresh Carpet Cleaning||Pak Mail (Retail Center)||CertaPro Painters|
|Average Franchise fees||$41,085||$22,463||$57,500|
|Average Equipment fees||$950||$49,450||$8,250|
|Average Real estate fees||NA||$34,250||NA|
|Average Training fees||$2,550||$1,500||NA|
|Average Inventory fees||$2,538||$6,000||NA|
|Average Marketing fees||$4,450||$2,250||NA|
|Average Licenses and permits fees||NA||$650||NA|
|Average Insurance fees||$275||$2,500||$7,250|
|Average Admin fees||$850||NA||NA|
|Average Personnel fees||$90||NA||NA|
|Average Other fees||$4,500||$37,750||$2,500|
Bottom linePak Mail (Retail Center) franchise costs run a total of $156,813. 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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