Security 101 franchise financing options

Overall costs for Security 101 run anywhere from $123,700 to $224,500. 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 Security 101 franchise may result in higher or lower fees.

Franchise fees

Security 101 franchise fees total around $59,500, which is more than the $37,000 average for the 200 largest franchises.

Franchise	Cost
Initial franchise fee	$59,500 to $59,500
Estimated total	$59,500 to $59,500

Equipment fees

Equipment fees total $2,250 for Security 101. This is less than the $180,023 average for the top 200 franchises.

Equipment	Cost
Computer system	$1,500 to $3,000
Estimated total	$1,500 to $3,000

Real estate fees

Real estate will set you back $4,875 for Security 101, thought it's less than the average of $788,376 for the top 200 franchises.

Real estate	Cost
Rent	$2,250 to $4,500
Leasehold improvements	$500 to $2,500
Estimated total	$2,750 to $7,000

Training fees

Security 101 initial training costs total $6,000, which comes in under the nationwide average of $9,788.

Training	Cost
Travel and living expenses while training	$4,000 to $8,000
Estimated total	$4,000 to $8,000

Inventory costs

Initial inventory for Security 101 shakes out to $2,500. This is less than the nationwide average of $53,119.

Inventory	Cost
Initial inventory	$2,000 to $3,000
Estimated total	$2,000 to $3,000

Administrative fees

Security 101 administrative fees total up to $1,500 — which comes in under the overall nationwide average of $6,761.

Admin	Cost
Software fees	$1,500 to $1,500
Audit	The expenses the franchisor incurs to audit the franchiseeu2019s records, ranging between $750 to $3,000.
Estimated total	$1,500 to $1,500

Other expenses

Miscellaneous expenses for Security 101 total $97,475 — more than the nationwide average of $69,970.

Other	Cost
Miscellaneous opening costs	$1,500 to $2,500
Six months' additional funds	$50,950 to $140,000
Estimated total	$52,450 to $142,500

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 Security 101 is on the more costly side, we recommend following these steps to get fully financed:

1. Go to the Security 101 franchising website and review its financial requirements, including cash-on-hand requirements.
2. Reach out to Security 101 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 $174,100 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 Security 101 — 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 Security 101 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 Security 101 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 $123,700. 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 Security 101 stacks up

Compare how Security 101 holds up against two similarly sized franchises.

	LaVida Massage	Security 101	SuperGreen Solutions
Average Franchise fees	NA	$59,500	NA
Average Equipment fees	NA	$2,250	NA
Average Real estate fees	NA	$4,875	NA
Average Training fees	NA	$6,000	NA
Average Inventory fees	NA	$2,500	NA
Average Marketing fees	NA	NA	NA
Average Licenses and permits fees	NA	NA	NA
Average Insurance fees	NA	NA	NA
Average Admin fees	NA	$1,500	NA
Average Personnel fees	NA	NA	NA
Average Other fees	NA	$97,475	NA

Bottom line

Security 101 franchise costs run a total of $174,100. 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.