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Sylvan Learning franchise financing options

Compare costs, fees and where to get financing for a Sylvan Learning.

Overall costs for Sylvan Learning run anywhere from $61,180 to $127,375. 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 Sylvan Learning franchise may result in higher or lower fees.

Franchise fees

Sylvan Learning franchise fees total around $24,000, which beats out the $37,000 average for the 200 largest franchises nationwide.
Franchise Cost
Initial franchise fee $24,000 to $24,000
Royalty 16% of monthly gross revenues, with a total minimum annual royalty of not less than $32,000.
Estimated total $24,000 to $24,000

Equipment fees

Equipment fees total $25,728 for Sylvan Learning. This is less than the $180,023 average for the top 200 franchises.
Equipment Cost
Specialized furnishings $5,300 to $10,000
Other furniture and miscellaneous supplies $3,000 to $4,000
Signage $4,000 to $8,000
Computer workstations $5,190 to $11,420
Portable SylvanSync kit and signage $115 to $430
Estimated total $17,605 to $33,850

Real estate fees

Real estate will set you back $31,000 for Sylvan Learning, thought it's less than the average of $788,376 for the top 200 franchises.
Real estate Cost
Initial three months' rent and security deposit $3,750 to $15,000
Real estate improvements and site preparation $2,000 to $38,000
Estimated fee or rent for temporary satellite $250 to $3,000
Estimated total $6,000 to $56,000

Training fees

Sylvan Learning initial training costs total $1,200, which comes in under the nationwide average of $9,788.
Training Cost
Travel and living expenses while attending initial training $900 to $1,500
Estimated total $900 to $1,500

Inventory costs

Initial inventory for Sylvan Learning shakes out to $2,020. This is less than the nationwide average of $53,119.
Inventory Cost
Initial inventory of inventory materials $2,000 to $2,000
Miscellaneous supplies, per class $15 to $25
Estimated total $2,015 to $2,025

Marketing costs

Advertisement and marketing costs total up to $10,000 for Sylvan Learning, which is more than the nationwide average of $9,938.
Marketing Cost
Marketing during initial three-month period when the primary center first opens $10,000 to $10,000
Estimated total $10,000 to $10,000

Administrative fees

Sylvan Learning administrative fees total up to $330 — which comes in under the overall nationwide average of $6,761.
Admin Cost
FOA annual membership fee for initial period $660 to u00a0$660
Audit Cost of audit plus late fee on deficiency.
Estimated total $660 to $0
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 Sylvan Learning is on the more costly side, we recommend following these steps to get fully financed:
  1. Go to the Sylvan Learning franchising website and review its financial requirements, including cash-on-hand requirements.
  2. Reach out to Sylvan Learning 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 $94,278 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?

Consider one of the following options for covering a portion of the costs to open a Sylvan Learning.
  • Online loan. For a turnaround that's faster than a bank, an online business loan could be the way to go. Credit requirements are often more flexible than those of traditional bank loans, too.
  • Credit card. Using a business credit card allows you to spend up to your preapproved limit. This means if extra expenses pop up, you can likely cover them without having to take out another type of financing.
  • Bank loan. If you have stronger credit — typically a score of 670 or higher — a traditional bank loan may get you a more favorable interest rate than a credit card or online loan.
  • SBA loan. Qualifying for an SBA loan is easier than a traditional bank loan, but it typically comes with fees and higher interest rates.
Also check if Sylvan Learning 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 $61,180. 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
OnDeck small business loans
$5,000
$250,000
600+ personal credit score, 1 year in business, $100,000+ annual revenue
A leading online business lender offering flexible financing at competitive fixed rates.
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. Great for SBA loan applicants.
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.
ROK Financial business loans
$10,000
$5,000,000
Eligibility criteria 3+ months in business, $15,000+ in monthly gross sales or $180,000+ in annual sales
A connection service for all types of businesses — even startups.
LendingClub personal loans for business
$1,000
$40,000
US citizen or permanent resident, verifiable bank account, steady source of income, ages 18+.
Get prequalified for a personal loan up to $40,000 to help you grow your business. Great for new business owners with at least fair credit.
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How Sylvan Learning stacks up

Compare how Sylvan Learning holds up against two similarly sized franchises.
Hilton Hotels & Resorts Sylvan Learning AAMCO
Average Franchise fees $95,000 $24,000 $39,500
Average Equipment fees $363,745 $25,728 $118,950
Average Real estate fees $53,355,000 $31,000 $43,750
Average Training fees $12,500 $1,200 $13,000
Average Inventory fees $2,325,000 $2,020 NA
Average Marketing fees NA $10,000 $12,850
Average Licenses and permits fees $770,000 NA NA
Average Insurance fees NA NA $2,000
Average Admin fees $352,960 $330 NA
Average Personnel fees NA NA NA
Average Other fees $3,400,000 NA $47,000

Bottom line

Sylvan Learning franchise costs run a total of $94,278. 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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