Signarama franchise financing options

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.

Franchise	Cost
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	Cost
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	Cost
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	Cost
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.

Admin	Cost
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.

Other	Cost
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:

1. Go to the SIGNARAMA franchising website and review its financial requirements, including cash-on-hand requirements.
2. Reach out to SIGNARAMA 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 $277,682 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 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.

	Moe's Southwest Grill	SIGNARAMA	Coffee News
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.