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Pita Pit franchise financing options
Compare costs, fees and where to get financing for a Pita Pit.
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 Pita Pit franchise may result in higher or lower fees.
Franchise feesPita Pit franchise fees total around $27,000, which beats out the $37,000 average for the 200 largest franchises nationwide.
|Initial franchise fee||$24,000 to $30,000|
|Estimated total||$24,000 to $30,000|
Equipment feesEquipment fees total $118,302 for Pita Pit. This is less than the $180,023 average for the top 200 franchises.
|Initial furniture, fixture and equipment package||$93,613 to $141,490|
|Laptop computer||$500 to $1,000|
|Estimated total||$94,113 to $142,490|
Real estate feesReal estate will set you back $218,085 for Pita Pit, thought it's less than the average of $788,376 for the top 200 franchises.
|Initial rent and security deposit||$2,400 to $10,000|
|Leasehold improvements||$163,269 to $260,500|
|Estimated total||$165,669 to $270,500|
Training feesPita Pit initial training costs total $2,100, which comes in under the nationwide average of $9,788.
|Staff and management training expense||$1,000 to $3,200|
|Estimated total||$1,000 to $3,200|
Inventory costsInitial inventory for Pita Pit shakes out to $6,500. This is less than the nationwide average of $53,119.
|Initial inventory package||$5,000 to $8,000|
|Estimated total||$5,000 to $8,000|
Marketing costsAdvertisement and marketing costs total up to $3,751 for Pita Pit, beating out the nationwide average of $9,938.
|Store launch and daily discipline marketing program package||$3,300 to $4,200|
|Local advertising||1% of net sales of the restaurant. to|
|Estimated total||$3,301 to $4,200|
Licenses and permits costsPita Pit initial licenses and permits will set you back $600. This comes out to less than $18,770 — the overall nationwide average.
|Licenses and permits||Cost|
|Business license||$200 to $1,000|
|Estimated total||$200 to $1,000|
Insurance costsInitial insurance costs for Pita Pit run $486. This means you'll be paying less than the overall nationwide average of $6,311.
|Insurance||$255 to $716|
|Estimated total||$255 to $716|
Administrative feesPita Pit administrative fees total up to $1,500 — which comes in under the overall nationwide average of $6,761.
|Legal and accounting fees||$500 to $2,500|
|Audit||Cost of audit including all costs of auditor and of the franchisoru2019s employees.|
|Estimated total||$500 to $2,500|
Personnel costsUniforms, name tags and the like make up personnel costs, and for Pita Pit it will run you $1,415. The nationwide average cost of personnel fees comes in at $22,818, which means you'll be paying less to outfit your employees.
|Uniforms and new store kit||$1,243 to $1,586|
|Estimated total||$1,243 to $1,586|
Other expensesMiscellaneous expenses for Pita Pit total $29,325 — less than the nationwide average of $69,970.
|Opening cash||$500 to $1,000|
|Three months' additional funds||$25,650 to $31,500|
|Estimated total||$26,150 to $32,500|
How to financeSince the estimated total for Pita Pit is on the more costly side, we recommend following these steps to get fully financed:
- Go to the Pita Pit franchising website and review its financial requirements, including cash-on-hand requirements.
- Reach out to Pita Pit 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 $409,062 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 Pita Pit — 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 Pita Pit 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 $321,431. 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 Pita Pit stacks upCompare how Pita Pit holds up against two similarly sized franchises.
|AAMCO||Pita Pit||Club Pilates|
|Average Franchise fees||$39,500||$27,000||$60,000|
|Average Equipment fees||$118,950||$118,302||$43,500|
|Average Real estate fees||$43,750||$218,085||$91,000|
|Average Training fees||$13,000||$2,100||NA|
|Average Inventory fees||NA||$6,500||$12,000|
|Average Marketing fees||$12,850||$3,751||$15,000|
|Average Licenses and permits fees||NA||$600||$2,750|
|Average Insurance fees||$2,000||$486||$1,700|
|Average Admin fees||NA||$1,500||$6,750|
|Average Personnel fees||NA||$1,415||NA|
|Average Other fees||$47,000||$29,325||$36,250|
Bottom linePita Pit franchise costs run a total of $409,062. 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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