Pita Pit franchise financing options

Overall costs for Pita Pit run anywhere from $321,431 to $496,692. See how the costs break down and what funding options might be right for your new venture into the franchise foray.

Estimated initial costs

Our cost estimates are accurate as of 2022 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 fees

Pita Pit franchise fees total around $27,000, which beats out the $37,000 average for the 200 largest franchises nationwide.

Franchise	Cost
Initial franchise fee	$24,000 to $30,000
Estimated total	$24,000 to $30,000

Equipment fees

Equipment fees total $118,302 for Pita Pit. This is less than the $180,023 average for the top 200 franchises.

Equipment	Cost
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 fees

Real 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.

Real estate	Cost
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 fees

Pita Pit initial training costs total $2,100, which comes in under the nationwide average of $9,788.

Training	Cost
Staff and management training expense	$1,000 to $3,200
Estimated total	$1,000 to $3,200

Inventory costs

Initial inventory for Pita Pit shakes out to $6,500. This is less than the nationwide average of $53,119.

Inventory	Cost
Initial inventory package	$5,000 to $8,000
Estimated total	$5,000 to $8,000

Marketing costs

Advertisement and marketing costs total up to $3,751 for Pita Pit, beating out the nationwide average of $9,938.

Marketing	Cost
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 costs

Pita 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 costs

Initial insurance costs for Pita Pit run $486. This means you'll be paying less than the overall nationwide average of $6,311.

Insurance	Cost
Insurance	$255 to $716
Estimated total	$255 to $716

Administrative fees

Pita Pit administrative fees total up to $1,500 — which comes in under the overall nationwide average of $6,761.

Admin	Cost
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 costs

Uniforms, 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.

Personnel	Cost
Uniforms and new store kit	$1,243 to $1,586
Estimated total	$1,243 to $1,586

Other expenses

Miscellaneous expenses for Pita Pit total $29,325 — less than the nationwide average of $69,970.

Other	Cost
Opening cash	$500 to $1,000
Three months' additional funds	$25,650 to $31,500
Estimated total	$26,150 to $32,500

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 2022.

How to finance

Since the estimated total for Pita Pit is on the more costly side, we recommend following these steps to get fully financed:

1. Go to the Pita Pit franchising website and review its financial requirements, including cash-on-hand requirements.
2. Reach out to Pita Pit about in-house financing for franchisees.
3. 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.
4. Compare lenders based on amounts, interest rates and what types of personal and business credit history they accept.
5. Once you settle on a lender, gather all required documents, including account statements and assets.
6. 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.

Also check if Pita Pit 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

You 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.

How Pita Pit stacks up

Compare 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 line

Pita 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.