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Signal 88 Security franchise financing options
Compare costs, fees and where to get financing for a Signal 88 Security.
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 Signal 88 Security franchise may result in higher or lower fees.
Franchise feesSignal 88 Security franchise fees total around $100,000, which is more than the $37,000 average for the 200 largest franchises.
|Initial franchise fee||$50,000 to $150,000u00a0(or higher depending on territory size)|
|Estimated total||$50,000 to $150,000|
Equipment feesEquipment fees total $21,025 for Signal 88 Security. This is less than the $180,023 average for the top 200 franchises.
|Vehicle||$2,250 to $35,000|
|Equipment||$0 to $3,000|
|Transportation of vehicle||$300 to $1,500|
|Estimated total||$2,550 to $39,500|
Training feesSignal 88 Security initial training costs total $1,500, which comes in under the nationwide average of $9,788.
|Training||$1,000 to $2,000|
|Estimated total||$1,000 to $2,000|
Marketing costsAdvertisement and marketing costs total up to $500 for Signal 88 Security, beating out the nationwide average of $9,938.
|Local advertising||$500 to $500|
|Estimated total||$500 to $500|
Licenses and permits costsSignal 88 Security initial licenses and permits will set you back $5,175. This comes out to less than $18,770 — the overall nationwide average.
|Licenses and permits||Cost|
|License||$500 to $5,850|
|Tax, title and license fees||$500 to $3,500|
|Estimated total||$1,000 to $9,350|
Insurance costsInitial insurance costs for Signal 88 Security run $2,475. This means you'll be paying less than the overall nationwide average of $6,311.
|Insurance||$1,000 to $3,000|
|Workersu2019 compensation insurance||$150 to $800|
|Estimated total||$1,150 to $3,800|
Personnel costsUniforms, name tags and the like make up personnel costs, and for Signal 88 Security it will run you $5,000. The nationwide average cost of personnel fees comes in at $22,818, which means you'll be paying less to outfit your employees.
|Wages||$0 to $10,000|
|Estimated total||$0 to $10,000|
Other expensesMiscellaneous expenses for Signal 88 Security total $5,500 — less than the nationwide average of $69,970.
|First 90 days' additional funds operating capital||$3,000 to $8,000|
|Estimated total||$3,000 to $8,000|
How to financeSince the estimated total for Signal 88 Security is on the more costly side, we recommend following these steps to get fully financed:
- Go to the Signal 88 Security franchising website and review its financial requirements, including cash-on-hand requirements.
- Reach out to Signal 88 Security 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 $141,175 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 Signal 88 Security — 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 Signal 88 Security 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 $59,200. 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 Signal 88 Security stacks upCompare how Signal 88 Security holds up against two similarly sized franchises.
|The Goddard School||Signal 88 Security||The Joint Chiropractic|
|Average Franchise fees||$135,000||$100,000||$29,950|
|Average Equipment fees||$253,500||$21,025||$34,800|
|Average Real estate fees||$105,000||NA||$139,800|
|Average Training fees||$36,000||$1,500||$3,750|
|Average Inventory fees||NA||NA||NA|
|Average Marketing fees||$84,150||$500||NA|
|Average Licenses and permits fees||NA||$5,175||$2,275|
|Average Insurance fees||NA||$2,475||NA|
|Average Admin fees||NA||NA||$6,397|
|Average Personnel fees||$4,250||$5,000||$1,625|
|Average Other fees||$162,450||$5,500||NA|
Bottom lineSignal 88 Security franchise costs run a total of $141,175. 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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