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Sylvan Learning franchise financing options
Compare costs, fees and where to get financing for a Sylvan Learning.
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 feesSylvan Learning franchise fees total around $24,000, which beats out the $37,000 average for the 200 largest franchises nationwide.
|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 feesEquipment fees total $25,728 for Sylvan Learning. This is less than the $180,023 average for the top 200 franchises.
|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 feesReal 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.
|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 feesSylvan Learning initial training costs total $1,200, which comes in under the nationwide average of $9,788.
|Travel and living expenses while attending initial training||$900 to $1,500|
|Estimated total||$900 to $1,500|
Inventory costsInitial inventory for Sylvan Learning shakes out to $2,020. This is less than the nationwide average of $53,119.
|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 costsAdvertisement and marketing costs total up to $10,000 for Sylvan Learning, which is more than the nationwide average of $9,938.
|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 feesSylvan Learning administrative fees total up to $330 — which comes in under the overall nationwide average of $6,761.
|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|
How to financeSince the estimated total for Sylvan Learning is on the more costly side, we recommend following these steps to get fully financed:
- Go to the Sylvan Learning franchising website and review its financial requirements, including cash-on-hand requirements.
- Reach out to Sylvan Learning 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 $94,278 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?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.
Compare small business lendersYou 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.
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 Sylvan Learning stacks upCompare 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 lineSylvan 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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