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Security 101 franchise financing options
Compare costs, fees and where to get financing for a Security 101.
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 Security 101 franchise may result in higher or lower fees.
Franchise feesSecurity 101 franchise fees total around $59,500, which is more than the $37,000 average for the 200 largest franchises.
|Initial franchise fee||$59,500 to $59,500|
|Estimated total||$59,500 to $59,500|
Equipment feesEquipment fees total $2,250 for Security 101. This is less than the $180,023 average for the top 200 franchises.
|Computer system||$1,500 to $3,000|
|Estimated total||$1,500 to $3,000|
Real estate feesReal 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.
|Rent||$2,250 to $4,500|
|Leasehold improvements||$500 to $2,500|
|Estimated total||$2,750 to $7,000|
Training feesSecurity 101 initial training costs total $6,000, which comes in under the nationwide average of $9,788.
|Travel and living expenses while training||$4,000 to $8,000|
|Estimated total||$4,000 to $8,000|
Inventory costsInitial inventory for Security 101 shakes out to $2,500. This is less than the nationwide average of $53,119.
|Initial inventory||$2,000 to $3,000|
|Estimated total||$2,000 to $3,000|
Administrative feesSecurity 101 administrative fees total up to $1,500 — which comes in under the overall nationwide average of $6,761.
|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 expensesMiscellaneous expenses for Security 101 total $97,475 — more than the nationwide average of $69,970.
|Miscellaneous opening costs||$1,500 to $2,500|
|Six months' additional funds||$50,950 to $140,000|
|Estimated total||$52,450 to $142,500|
How to financeSince the estimated total for Security 101 is on the more costly side, we recommend following these steps to get fully financed:
- Go to the Security 101 franchising website and review its financial requirements, including cash-on-hand requirements.
- Reach out to Security 101 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 $174,100 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 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.
Compare small business lendersYou 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.
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 Security 101 stacks upCompare 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 lineSecurity 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.
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