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Rooter-Man franchise financing options
Compare costs, fees and where to get financing for a Rooter-Man.
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 Rooter-Man franchise may result in higher or lower fees.
Franchise feesRooter-Man franchise fees total around $21,863, which beats out the $37,000 average for the 200 largest franchises nationwide.
|Initial franchise fee||$3,975 to $39,750|
|Estimated total||$3,975 to $39,750|
Equipment feesEquipment fees total $37,500 for Rooter-Man. This is less than the $180,023 average for the top 200 franchises.
|Vehicles and equipment||$22,000 to $42,000|
|Computer hardware, office equipment and furniture||$2,500 to $5,500|
|Signs||$500 to $2,500|
|Estimated total||$25,000 to $50,000|
Real estate feesReal estate will set you back $700 for Rooter-Man, thought it's less than the average of $788,376 for the top 200 franchises.
|Real estate and improvements||$400 to $1,000|
|Estimated total||$400 to $1,000|
Training feesRooter-Man initial training costs total $975, which comes in under the nationwide average of $9,788.
|Travel and living expenses while training||$350 to $1,600|
|Estimated total||$350 to $1,600|
Inventory costsInitial inventory for Rooter-Man shakes out to $2,000. This is less than the nationwide average of $53,119.
|Beginning inventory||$1,000 to $3,000|
|Estimated total||$1,000 to $3,000|
Marketing costsAdvertisement and marketing costs total up to $2,500 for Rooter-Man, beating out the nationwide average of $9,938.
|Six months' of grand opening advertising||$1,500 to $3,500|
|Estimated total||$1,500 to $3,500|
Licenses and permits costsRooter-Man initial licenses and permits will set you back $750. This comes out to less than $18,770 — the overall nationwide average.
|Licenses and permits||Cost|
|Licenses and permits||$500 to $1,000|
|Estimated total||$500 to $1,000|
Insurance costsInitial insurance costs for Rooter-Man run $2,500. This means you'll be paying less than the overall nationwide average of $6,311.
|Insurance||$1,500 to $3,500|
|Estimated total||$1,500 to $3,500|
Other expensesMiscellaneous expenses for Rooter-Man total $17,750 — less than the nationwide average of $69,970.
|Professional fees||$500 to $1,000|
|Miscellaneous opening costs||$1,000 to $3,000|
|First 18 months' additional working capital funds||$10,000 to $20,000|
|Estimated total||$11,500 to $24,000|
How to financeSince the estimated total for Rooter-Man is on the more costly side, we recommend following these steps to get fully financed:
- Go to the Rooter-Man franchising website and review its financial requirements, including cash-on-hand requirements.
- Reach out to Rooter-Man 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 $86,538 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?Consider one of the following options for covering a portion of the costs to open a Rooter-Man.
- Online loan. For a turnaround that's faster than a bank, an online business loan could be the way to go. Credit requirements are often more flexible than those of traditional bank loans, too.
- Credit card. Using a business credit card allows you to spend up to your preapproved limit. This means if extra expenses pop up, you can likely cover them without having to take out another type of financing.
- Bank loan. If you have stronger credit — typically a score of 670 or higher — a traditional bank loan may get you a more favorable interest rate than a credit card or online loan.
- SBA loan. Qualifying for an SBA loan is easier than a traditional bank loan, but it typically comes with fees and higher interest rates.
Compare small business lendersYou may not need financing to cover the estimated $45,725. 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 Rooter-Man stacks upCompare how Rooter-Man holds up against two similarly sized franchises.
|Average Franchise fees||$50,000||$21,863||$15,000|
|Average Equipment fees||$5,750||$37,500||$235,000|
|Average Real estate fees||$4,250||$700||$1,380,050|
|Average Training fees||$6,750||$975||$48,500|
|Average Inventory fees||NA||$2,000||$6,178|
|Average Marketing fees||$6,150||$2,500||NA|
|Average Licenses and permits fees||$3,700||$750||$8,250|
|Average Insurance fees||$4,950||$2,500||$5,750|
|Average Admin fees||$2,000||NA||NA|
|Average Personnel fees||$480||NA||NA|
|Average Other fees||$5,750||$17,750||$112,500|
Bottom lineRooter-Man franchise costs run a total of $86,538. 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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