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Sport Clips franchise financing options

Compare costs, fees and where to get financing for a Sport Clips.

Overall costs for Sport Clips run anywhere from $229,800 to $381,300. 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 Sport Clips franchise may result in higher or lower fees.

Franchise fees

Sport Clips franchise fees total around $42,250, which is more than the $37,000 average for the 200 largest franchises.
Franchise Cost
Initial franchise fee $25,000 to $59,500
Royalty 6% of net sales.
Estimated total $25,000 to $59,500

Equipment fees

Equipment fees total $62,650 for Sport Clips. This is less than the $180,023 average for the top 200 franchises.
Equipment Cost
Fixtures and equipment, including computer equipment $51,500 to $61,800
Signage $4,000 to $8,000
Estimated total $55,500 to $69,800

Real estate fees

Real estate will set you back $97,000 for Sport Clips, thought it's less than the average of $788,376 for the top 200 franchises.
Real estate Cost
Real estate Varies to
Leasehold improvements $69,000 to $115,000
Lease deposit $0 to $10,000
Estimated total $69,000 to $125,000

Inventory costs

Initial inventory for Sport Clips shakes out to $5,000. This is less than the nationwide average of $53,119.
Inventory Cost
Opening inventory $4,000 to $6,000
Estimated total $4,000 to $6,000

Marketing costs

Advertisement and marketing costs total up to $30,000 for Sport Clips, which is more than the nationwide average of $9,938.
Marketing Cost
Grand opening advertising $30,000 to $30,000
Advertising $300 per week, or 5% of net sales, whichever is more.
Estimated total $30,000 to $30,000

Licenses and permits costs

Sport Clips initial licenses and permits will set you back $2,250. This comes out to less than $18,770 — the overall nationwide average.
Licenses and permits Cost
Permits and licenses $1,000 to $3,500
Estimated total $1,000 to $3,500

Insurance costs

Initial insurance costs for Sport Clips run $1,900. This means you'll be paying less than the overall nationwide average of $6,311.
Insurance Cost
Insurance $1,300 to $2,500
Estimated total $1,300 to $2,500

Other expenses

Miscellaneous expenses for Sport Clips total $64,500 — less than the nationwide average of $69,970.
Other Cost
Professional fees $1,000 to $5,000
Miscellaneous opening costs $3,000 to $5,000
Six months' additional funds $40,000 to $75,000
Estimated total $44,000 to $85,000
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 Sport Clips is on the more costly side, we recommend following these steps to get fully financed:
  1. Go to the Sport Clips franchising website and review its financial requirements, including cash-on-hand requirements.
  2. Reach out to Sport Clips 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 $305,550 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 Sport Clips — 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 Sport Clips 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 Sport Clips 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 $229,800. 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.
Name Product Filter Values Min. Amount Max. Amount Requirements
Fora Financial business loans
$5,000
$500,000
6+ months in business, $12,000+ monthly revenue, no open bankruptcies
Get qualified for funding in minutes for up to $500,000 without affecting your credit score. Best for companies with at least six figures in annual revenue.
Lendio business loans
$500
$5,000,000
Operate business in US or Canada, have a business bank account, 560+ personal credit score
Submit one simple application to potentially get offers from a network of over 300 legit business lenders.
National Funding business loans
$5,000
$500,000
Be in business at least one year and make at least $150,000 in annual sales. Other loan types have additional requirements.
Working capital loans and equipment financing, some high-risk industries may be eligible.
Fundbox lines of credit
$1,000
$150,000
6 + months in business, $100,000+ in annual revenue, 600+ credit score
Get flat rate, short-term financing based on the financial health of your business, not your credit score.
Bitty Advance business cash advances
$2,000
$25,000
$5,000 monthly bank revenue, 6+ months in business, business bank account open 3+ months, 450+ credit score
With APRs in the triple digits, this is best saved as a last resort.
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How Sport Clips stacks up

Compare how Sport Clips holds up against two similarly sized franchises.
International House of Pancakes (IHOP) Sport Clips ServPro
Average Franchise fees NA $42,250 $60,000
Average Equipment fees NA $62,650 $18,500
Average Real estate fees NA $97,000 $1,500
Average Training fees NA NA NA
Average Inventory fees NA $5,000 $6,175
Average Marketing fees NA $30,000 $875
Average Licenses and permits fees NA $2,250 $1,625
Average Insurance fees NA $1,900 NA
Average Admin fees NA NA $2,988
Average Personnel fees NA NA NA
Average Other fees NA $64,500 NA

Bottom line

Sport Clips franchise costs run a total of $305,550. 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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