Overall costs for Paris Baguette run anywhere from $709,193 to $1,386,292. See how the costs break down and what funding options might be right for your new venture into the franchise foray.
How COVID-19 affects franchising costs
Strict sanitation and employee protection measures during the coronavirus outbreak add to the typical costs you face when opening a new franchise. Paired with the unusually heavy amount of promotions that may be required by the franchise, you may not see as much in the way of profits starting out. For more information on what support is out there, read our guide to
loans for businesses affected by the coronavirus.
Estimated initial costs
Our cost estimates are accurate as of 2019 from
https://www.franchisedirect.com and include opening fees and expenses only. Your location may result in higher or lower fees.
Franchise fees
Paris Baguette franchise fees total around $50,000, which is more than the $37,000 average for the 200 largest franchises.
| Initial franchise fee |
$50,000 to $50,000 |
| Estimated total |
$50,000 to $50,000 |
Equipment fees
Equipment fees total $246,060 for Paris Baguette. This costs more than the $180,023 average for the top 200 franchises.
| Equipment and fixtures |
$165,156 to $208,438 |
| Signs |
$9,505 to $29,886 |
| Smallwares |
$20,570 to $25,000 |
| Point-of-sale system, software and surveillance equipment |
$13,827 to $19,738 |
| Estimated total |
$209,058 to $283,062 |
Real estate fees
Real estate will set you back $571,013 for Paris Baguette, thought it's less than the average of $788,376 for the top 200 franchises.
| Real estate, advance rent, security deposit and other prepaid expenses and costs |
$10,000 to $60,000 |
| Building costs and leasehold improvements |
$322,026 to $750,000 |
| Estimated total |
$332,026 to $810,000 |
Training fees
Paris Baguette initial training costs total $35,000 — more than the nationwide average of $9,788.
| Travel and living expenses while training |
$20,000 to $50,000 |
| Estimated total |
$20,000 to $50,000 |
Inventory costs
Initial inventory for Paris Baguette shakes out to $38,000. This is less than the nationwide average of $53,119.
| Opening inventory |
$36,000 to $40,000 |
| Estimated total |
$36,000 to $40,000 |
Marketing costs
Advertisement and marketing costs total up to $10,000 for Paris Baguette, which is more than the nationwide average of $9,938.
| Grand opening promotion |
$10,000 to $10,000 |
| Grand opening advertising |
$10,000 minimum. |
| Estimated total |
$10,000 to $10,000 |
Licenses and permits costs
Paris Baguette initial licenses and permits will set you back $11,610. This comes out to less than $18,770 — the overall nationwide average.
| Licenses, permits, fees and deposits |
$4,510 to $18,710 |
| Estimated total |
$4,510 to $18,710 |
Insurance costs
Initial insurance costs for Paris Baguette run $4,148. This means you'll be paying less than the overall nationwide average of $6,311.
| Insurance |
$3,405 to $4,890 |
| Estimated total |
$3,405 to $4,890 |
Administrative fees
Paris Baguette administrative fees total up to $5,268 — which comes in under the overall nationwide average of $6,761.
| Attorneys' fees and business consultants |
$3,035 to $7,500 |
| Software fees |
$250 to $380 per month. |
| Technology fee |
Currently $50 per month. |
| Estimated total |
$3,035 to $7,500 |
Other expenses
Miscellaneous expenses for Paris Baguette total $76,645 — more than the nationwide average of $69,970.
| Miscellaneous opening expenses |
$11,159 to $12,130 |
| Three months' additional funds |
$30,000 to $100,000 |
| Estimated total |
$41,159 to $112,130 |
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 2019.
How to finance
The best way to finance Paris Baguette comes down to your personal financial situation. What assets you have available will largely determine how much you need to borrow, and which option suits you best. Potential solutions include:
- Bank loan. Your personal credit plays a large role in getting a business term loan from a bank. Typically this type of funding is for larger amounts.
- Online loan. Credit requirements may be more flexible for an online loan than a bank loan, but amounts may max out at a lower amount — typically around $1 million.
- SBA loan. The good part about SBA loans is that they top out at $5 million, but your business has to meet a number of requirements.
- Credit card. Small costs that aren't fixed, such as stray inventory and supply purchases, may be better off on a business credit card. Just make sure you can pay it off quickly to avoid high APRs.
Also check if Paris Baguette 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
How Paris Baguette stacks up
Compare how Paris Baguette holds up against two similarly sized franchises.
| Average Franchise fees |
$10,000 |
$50,000 |
$23,500 |
| Average Equipment fees |
$289,000 |
$246,060 |
$65,145 |
| Average Real estate fees |
$533,500 |
$571,013 |
$2,000 |
| Average Training fees |
$14,250 |
$35,000 |
$2,125 |
| Average Inventory fees |
$108,500 |
$38,000 |
NA |
| Average Marketing fees |
$16,000 |
$10,000 |
$7,500 |
| Average Licenses and permits fees |
$10,500 |
$11,610 |
$2,200 |
| Average Insurance fees |
$1,600 |
$4,148 |
$3,300 |
| Average Admin fees |
NA |
$5,268 |
NA |
| Average Personnel fees |
NA |
NA |
NA |
| Average Other fees |
NA |
$76,645 |
NA |
Bottom line
Paris Baguette franchise costs run a total of $1,047,743. 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.
