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Pirtek franchise financing options
Compare costs, fees and where to get financing for a Pirtek.
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 Pirtek franchise may result in higher or lower fees.
Franchise feesPirtek franchise fees total around $42,000, which is more than the $37,000 average for the 200 largest franchises.
|Initial franchise fee||$20,000 to $50,000|
|Opening setup fee||$0 to $14,000|
|Estimated total||$20,000 to $64,000|
Equipment feesEquipment fees total $169,300 for Pirtek. This is less than the $180,023 average for the top 200 franchises.
|Computer system, mobility solution and computer connection fee||$5,000 to $10,000|
|Signs and equipment||$0 to $80,000|
|Mobile sales and service units||$60,000 to $183,000|
|Tracking system||$300 to $300|
|Estimated total||$65,300 to $273,300|
Real estate feesReal estate will set you back $23,050 for Pirtek, thought it's less than the average of $788,376 for the top 200 franchises.
|Leasehold improvements||$0 to $37,000|
|Prepaid rent and security deposit||$700 to $5,000|
|Utility deposits and business licenses||$400 to $3,000|
|Estimated total||$1,100 to $45,000|
Inventory costsInitial inventory for Pirtek shakes out to $65,500. This is more expensive than the nationwide average of $53,119.
|Opening inventory||$41,000 to $90,000|
|Estimated total||$41,000 to $90,000|
Insurance costsInitial insurance costs for Pirtek run $30,000. This means you'll be paying more than the overall nationwide average of $6,311.
|Insurance premiums||$20,000 to $40,000|
|Insurance||$2,000-$10,000 annual premium for liability insurance only; plus other annual premiums ranging from $4,000 -$30,000 or more, which will vary under the circumstances.|
|Estimated total||$20,000 to $40,000|
Administrative feesPirtek administrative fees total up to $3,500 — which comes in under the overall nationwide average of $6,761.
|Attorneys' fees||$2,000 to $5,000|
|Estimated total||$2,000 to $5,000|
Other expensesMiscellaneous expenses for Pirtek total $150,000 — more than the nationwide average of $69,970.
|Five months' additional funds||$50,000 to $250,000|
|Estimated total||$50,000 to $250,000|
How to financeSince the estimated total for Pirtek is on the more costly side, we recommend following these steps to get fully financed:
- Go to the Pirtek franchising website and review its financial requirements, including cash-on-hand requirements.
- Reach out to Pirtek 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 $483,350 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 Pirtek — 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 Pirtek 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 $199,400. 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 Pirtek stacks upCompare how Pirtek holds up against two similarly sized franchises.
|Pearle Vision||Pirtek||The Goddard School|
|Average Franchise fees||NA||$42,000||$135,000|
|Average Equipment fees||$137,861||$169,300||$253,500|
|Average Real estate fees||$190,857||$23,050||$105,000|
|Average Training fees||$1,000||NA||$36,000|
|Average Inventory fees||NA||$65,500||NA|
|Average Marketing fees||NA||NA||$84,150|
|Average Licenses and permits fees||NA||NA||NA|
|Average Insurance fees||$2,500||$30,000||NA|
|Average Admin fees||NA||$3,500||NA|
|Average Personnel fees||NA||NA||$4,250|
|Average Other fees||$74,375||$150,000||$162,450|
Bottom linePirtek franchise costs run a total of $483,350. 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.
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