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Pretzelmaker franchise financing options
Compare costs, fees and where to get financing for a Pretzelmaker.
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 Pretzelmaker franchise may result in higher or lower fees.
Franchise feesPretzelmaker franchise fees total around $20,000, which beats out the $37,000 average for the 200 largest franchises nationwide.
|Franchise fee||$15,000 to $25,000|
|Estimated total||$15,000 to $25,000|
Equipment feesEquipment fees total $88,250 for Pretzelmaker. This is less than the $180,023 average for the top 200 franchises.
|Furniture, fixtures, equipment and decor||$65,000 to $90,000|
|Signs||$5,500 to $8,500|
|Computer system||$2,500 to $5,000|
|Estimated total||$73,000 to $103,500|
Real estate feesReal estate will set you back $142,100 for Pretzelmaker, thought it's less than the average of $788,376 for the top 200 franchises.
|Architectural fees||$4,000 to $7,500|
|Prepaid rent and security deposit||$2,500 to $5,000|
|Leasehold improvements||$100,000 to $160,000|
|Utility deposits||$2,200 to $3,000|
|Estimated total||$108,700 to $175,500|
Training feesPretzelmaker initial training costs total $3,000, which comes in under the nationwide average of $9,788.
|Travel and living expenses while training||$2,000 to $4,000|
|Estimated total||$2,000 to $4,000|
Inventory costsInitial inventory for Pretzelmaker shakes out to $3,750. This is less than the nationwide average of $53,119.
|Dough ingredients||$1,000 to $5,000|
|Other opening inventory||$500 to $1,000|
|Estimated total||$1,500 to $6,000|
Marketing costsAdvertisement and marketing costs total up to $4,000 for Pretzelmaker, beating out the nationwide average of $9,938.
|Grand opening marketing||$3,000 to $5,000|
|Marketing fee||1.5% of your Net Sales for the preceding week.|
|Estimated total||$3,000 to $5,000|
Licenses and permits costsPretzelmaker initial licenses and permits will set you back $2,000. This comes out to less than $18,770 — the overall nationwide average.
|Licenses and permits||Cost|
|First six months' business licenses, permits and similar costs||$1,500 to $2,500|
|Estimated total||$1,500 to $2,500|
Insurance costsInitial insurance costs for Pretzelmaker run $3,000. This means you'll be paying less than the overall nationwide average of $6,311.
|Three months' insurance||$2,500 to $3,500|
|Insurance||Cost of the premium (usually $2,500 to $5,000) plus a reasonable fee ($50 per hour) for the franchisoru2019s services in procuring the insurance.|
|Estimated total||$2,500 to $3,500|
Other expensesMiscellaneous expenses for Pretzelmaker total $13,500 — less than the nationwide average of $69,970.
|Professional fees||$1,000 to $6,000|
|Three months' additional funds||$8,000 to $12,000|
|Estimated total||$9,000 to $18,000|
How to financeSince the estimated total for Pretzelmaker is on the more costly side, we recommend following these steps to get fully financed:
- Go to the Pretzelmaker franchising website and review its financial requirements, including cash-on-hand requirements.
- Reach out to Pretzelmaker 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 $279,600 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 Pretzelmaker — 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 Pretzelmaker 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 $216,200. 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 Pretzelmaker stacks upCompare how Pretzelmaker holds up against two similarly sized franchises.
|ACFN, The ATM||Pretzelmaker||School of Rock|
|Average Franchise fees||$25,000||$20,000||$49,900|
|Average Equipment fees||$10,531||$88,250||$52,250|
|Average Real estate fees||NA||$142,100||$210,350|
|Average Training fees||$1,445||$3,000||$2,400|
|Average Inventory fees||NA||$3,750||$3,400|
|Average Marketing fees||NA||$4,000||$10,000|
|Average Licenses and permits fees||$600||$2,000||$1,750|
|Average Insurance fees||$800||$3,000||$1,750|
|Average Admin fees||NA||NA||NA|
|Average Personnel fees||NA||NA||NA|
|Average Other fees||$12,000||$13,500||$43,000|
Bottom linePretzelmaker franchise costs run a total of $279,600. 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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