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The Alternative Board franchise financing options
Compare costs, fees and where to get financing for a The Alternative Board.
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 The Alternative Board franchise may result in higher or lower fees.
Franchise feesThe Alternative Board franchise fees total around $31,750, which beats out the $37,000 average for the 200 largest franchises nationwide.
|Franchise fee||$19,500 to $44,000|
|Estimated total||$19,500 to $44,000|
Equipment feesEquipment fees total $1,200 for The Alternative Board. This is less than the $180,023 average for the top 200 franchises.
|Equipment||$0 to $2,400|
|Estimated total||$0 to $2,400|
Training feesThe Alternative Board initial training costs total $27,000 — more than the nationwide average of $9,788.
|Initial training fee||$24,500 to $24,500|
|Franchisee's travel and living expenses during initial training program||$0 to $5,000|
|Estimated total||$24,500 to $29,500|
Inventory costsInitial inventory for The Alternative Board shakes out to $375. This is less than the nationwide average of $53,119.
|Supplies, stationery and business cards||$250 to $500|
|Estimated total||$250 to $500|
Marketing costsAdvertisement and marketing costs total up to $12,813 for The Alternative Board, which is more than the nationwide average of $9,938.
|Marketing fee||$2,188 to $2,188|
|Telemarketing service fees, LinkedIn prospecting service fees, Zoom subscription and other expenses for required mass marketing campaign||$7,175 to $14,075|
|Estimated total||$9,363 to $16,263|
Licenses and permits costsThe Alternative Board initial licenses and permits will set you back $300. This comes out to less than $18,770 — the overall nationwide average.
|Licenses and permits||Cost|
|Deposits and licenses||$0 to $600|
|Estimated total||$0 to $600|
Administrative feesThe Alternative Board administrative fees total up to $5,010 — which comes in under the overall nationwide average of $6,761.
|FST service provider's travel and living expenses||$2,400 to $4,000|
|Three months' website fees||$60 to $60|
|CRM system fee||The then-current fee. The current fee is $250.00 per year.|
|Accounting and professional fees||$0 to $3,500|
|Technology fee||The then-current fee. The current fee is $20.00 per month.|
|Estimated total||$2,460 to $7,560|
How to financeSince the estimated total for The Alternative Board is on the more costly side, we recommend following these steps to get fully financed:
- Go to the The Alternative Board franchising website and review its financial requirements, including cash-on-hand requirements.
- Reach out to The Alternative Board 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 $78,448 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 The Alternative Board.
- 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 $56,073. 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 The Alternative Board stacks upCompare how The Alternative Board holds up against two similarly sized franchises.
|HouseMaster||The Alternative Board||Home Helpers|
|Average Franchise fees||$42,500||$31,750||$48,900|
|Average Equipment fees||$7,750||$1,200||$4,500|
|Average Real estate fees||$375||NA||$1,500|
|Average Training fees||$3,750||$27,000||NA|
|Average Inventory fees||NA||$375||NA|
|Average Marketing fees||$6,500||$12,813||NA|
|Average Licenses and permits fees||$7,500||$300||$7,500|
|Average Insurance fees||$4,500||NA||$5,800|
|Average Admin fees||$1,750||$5,010||NA|
|Average Personnel fees||NA||NA||NA|
|Average Other fees||$1,375||NA||NA|
Bottom lineThe Alternative Board franchise costs run a total of $78,448. 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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