Overall costs for SIGNARAMA run anywhere from $238,030 to $317,333. 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 2021 from Franchise Direct and include opening fees and expenses only. The location you choose for your SIGNARAMA franchise may result in higher or lower fees.
Franchise fees
SIGNARAMA franchise fees total around $49,500, which is more than the $37,000 average for the 200 largest franchises.
| Initial franchise fee |
$49,500 to $49,500 |
| Royalty |
The greater of $500 per month or 6% of the gross sales up to $600,000, 4% of the gross sales from $600,001 to $1,000,000 and 2% of your gross sales over $1,000,000. |
| Estimated total |
$49,500 to $49,500 |
Equipment fees
Equipment fees total $155,432 for SIGNARAMA. This is less than the $180,023 average for the top 200 franchises.
| Equipment package, leased |
$0 to $14,803 |
| Equipment package, if purchased |
$148,030 to $148,030 |
| Estimated total |
$148,030 to $162,833 |
Real estate fees
Real estate will set you back $24,750 for SIGNARAMA, thought it's less than the average of $788,376 for the top 200 franchises.
| Real estate, varies by location |
$4,500 to $4,500 |
| Real estate service charge |
$0 to $3,500 |
| Leasehold improvements |
$0 to $37,000 |
| Estimated total |
$4,500 to $45,000 |
Insurance costs
Initial insurance costs for SIGNARAMA run $1,500. This means you'll be paying less than the overall nationwide average of $6,311.
| Insurance |
$1,000 to $2,000 |
| Estimated total |
$1,000 to $2,000 |
Administrative fees
SIGNARAMA administrative fees total up to $1,500 — which comes in under the overall nationwide average of $6,761.
| Security deposit, utility deposits and licenses |
$0 to $3,000 |
| Technology fee |
$79.95 per month or then current fee. |
| Estimated total |
$0 to $3,000 |
Other expenses
Miscellaneous expenses for SIGNARAMA total $45,000 — less than the nationwide average of $69,970.
| Up to six months' additional funds |
$35,000 to $55,000 |
| Estimated total |
$35,000 to $55,000 |
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 2021.
How to finance
Since the estimated total for SIGNARAMA is on the more costly side, we recommend following these steps to get fully financed:
- Go to the SIGNARAMA franchising website and review its financial requirements, including cash-on-hand requirements.
- Reach out to SIGNARAMA 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 $277,682 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 SIGNARAMA — 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 SIGNARAMA 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 SIGNARAMA 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 $238,030. 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 SIGNARAMA stacks up
Compare how SIGNARAMA holds up against two similarly sized franchises.
| Average Franchise fees |
$30,000 |
$49,500 |
NA |
| Average Equipment fees |
$208,100 |
$155,432 |
NA |
| Average Real estate fees |
$17,250 |
$24,750 |
NA |
| Average Training fees |
NA |
NA |
NA |
| Average Inventory fees |
$7,000 |
NA |
NA |
| Average Marketing fees |
$42,500 |
NA |
NA |
| Average Licenses and permits fees |
$1,900 |
NA |
NA |
| Average Insurance fees |
$9,250 |
$1,500 |
NA |
| Average Admin fees |
NA |
$1,500 |
NA |
| Average Personnel fees |
NA |
NA |
NA |
| Average Other fees |
$55,000 |
$45,000 |
NA |
Bottom line
SIGNARAMA franchise costs run a total of $277,682. 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.
