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Rainbow International Restoration franchise financing options

Compare costs, fees and where to get financing for a Rainbow International Restoration.

Overall costs for Rainbow International Restoration run anywhere from $185,570 to $281,295. 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 Rainbow International Restoration franchise may result in higher or lower fees.

Franchise fees

Rainbow International Restoration franchise fees total around $40,000, which is more than the $37,000 average for the 200 largest franchises.
Franchise Cost
Initial franchise fee $40,000 to $40,000 + $400 per 1,000 additional population over minimum
Estimated total $40,000 to $40,000

Equipment fees

Equipment fees total $92,000 for Rainbow International Restoration. This is less than the $180,023 average for the top 200 franchises.
Equipment Cost
Vehicle $2,000 to $34,000 (van) - $40,000 (box truck)
Equipment, supplies and inventory $70,000 to $78,000
Estimated total $72,000 to $112,000

Training fees

Rainbow International Restoration initial training costs total $8,300, which comes in under the nationwide average of $9,788.
Training Cost
Training, travel, lodging and food $6,400 (All 4 trainings- WRT, Business, ASD, FRST) to $10,200
Estimated total $6,400 to $10,200

Marketing costs

Advertisement and marketing costs total up to $20,000 for Rainbow International Restoration, which is more than the nationwide average of $9,938.
Marketing Cost
Advertising, promotional and local marketing spending for marketing startup phase $15,000 to $25,000
Estimated total $15,000 to $25,000

Licenses and permits costs

Rainbow International Restoration initial licenses and permits will set you back $2,638. This comes out to less than $18,770 — the overall nationwide average.
Licenses and permits Cost
Deposits, permits and licenses $1,675 cert./mold/rebuild to $3,600
License fee 2% to 8% of Gross Sales except for roll-in sales and Reconstruction Services. In addition, minimum license fees apply.
Estimated total $1,675 to $3,600

Insurance costs

Initial insurance costs for Rainbow International Restoration run $11,250. This means you'll be paying more than the overall nationwide average of $6,311.
Insurance Cost
Insurance, including annual general liability, pollution, workers' compensation and office $7,500 to $15,000
Estimated total $7,500 to $15,000

Personnel costs

Uniforms, name tags and the like make up personnel costs, and for Rainbow International Restoration it will run you $495. 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
Recruiting and onboarding $495 to $495
Estimated total $495 to $495

Other expenses

Miscellaneous expenses for Rainbow International Restoration total $58,750 — less than the nationwide average of $69,970.
Other Cost
Professional fees $2,500 to $5,000
Six to nine months' additional funds $40,000 to $70,000
Estimated total $42,500 to $75,000
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 Rainbow International Restoration is on the more costly side, we recommend following these steps to get fully financed:
  1. Go to the Rainbow International Restoration franchising website and review its financial requirements, including cash-on-hand requirements.
  2. Reach out to Rainbow International Restoration 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 $233,433 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 Rainbow International Restoration — 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 Rainbow International Restoration 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 Rainbow International Restoration 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 $185,570. 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.
Name Product Filter Values Min. Amount Max. Amount Requirements
Biz2Credit business loans
up to $6 million
up to $6 million
6+ months in business; $100,000+ monthly revenue; 500+ credit score
Get only the capital you need through secure, prescreened lenders with this highly rated company offering SBA, expansion, working capital and other loans.
Lendio business loans
Operate business in US or Canada, have a business bank account, 560+ personal credit score
Submit one simple application to potentially get offers from a network of over 300 legit business lenders.
ROK Financial business loans
Eligibility criteria 3+ months in business, $15,000+ in monthly gross sales or $180,000+ in annual sales
A connection service for all types of businesses — even startups.
OnDeck short-term loans
600+ personal credit score, 1 year in business, $100,000+ annual revenue, active business checking account
A leading online business lender offering flexible financing at competitive fixed rates.
Fundbox lines of credit
6 + months in business, $100,000+ in annual revenue, 600+ credit score
Get flat rate, short-term financing based on the financial health of your business, not your credit score.

Compare up to 4 providers

How Rainbow International Restoration stacks up

Compare how Rainbow International Restoration holds up against two similarly sized franchises.
The Little Gym Rainbow International Restoration Wireless Zone
Average Franchise fees $49,500 $40,000 $13,000
Average Equipment fees $84,950 $92,000 $13,000
Average Real estate fees $97,500 NA $30,000
Average Training fees $7,500 $8,300 $5,250
Average Inventory fees NA NA $62,500
Average Marketing fees $19,000 $20,000 $5,000
Average Licenses and permits fees NA $2,638 NA
Average Insurance fees $2,750 $11,250 NA
Average Admin fees NA NA $20,500
Average Personnel fees NA $495 NA
Average Other fees $7,000 $58,750 $9,000

Bottom line

Rainbow International Restoration franchise costs run a total of $233,433. 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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