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The Goddard School franchise financing options

Compare costs, fees and where to get financing for a The Goddard School.

Overall costs for The Goddard School run anywhere from $697,100 to $863,600. 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 The Goddard School franchise may result in higher or lower fees.

Franchise fees

The Goddard School franchise fees total around $135,000, which is more than the $37,000 average for the 200 largest franchises.
Franchise Cost
Initial franchise fee $135,000 to $135,000
Royalty 7% of gross receipts of the school; The royalty fee is reduced during the first year to 2% of gross receipts for months 1-3, 4% for months 4-6, and 6% for months 7-12, if the franchisee is an existing franchisee purchasing an additional (new) franchise for a reduced initial license fee.
Estimated total $135,000 to $135,000

Equipment fees

Equipment fees total $253,500 for The Goddard School. This costs more than the $180,023 average for the top 200 franchises.
Equipment Cost
Furniture, fixtures and equipment $191,000 to $231,000
Signs $10,500 to $10,500
Computer hardware, telephone, interactive white board and digital signage package $21,000 to $21,000
Security system $11,000 to $11,000
Estimated total $233,500 to $273,500

Real estate fees

Real estate will set you back $105,000 for The Goddard School, thought it's less than the average of $788,376 for the top 200 franchises.
Real estate Cost
Site development assistance fee $35,000 to $35,000
Optional land acquisition cost Varies to
Optional building construction and site work Varies to
Three months' rent $55,000 to $85,000
Estimated total $90,000 to $120,000

Training fees

The Goddard School initial training costs total $36,000 — more than the nationwide average of $9,788.
Training Cost
Initial training and opening assistance fee $35,000 to $35,000
Convention deposit $1,000 to $1,000
Estimated total $36,000 to $36,000

Marketing costs

Advertisement and marketing costs total up to $84,150 for The Goddard School, which is more than the nationwide average of $9,938.
Marketing Cost
Initial advertising contribution $50,000 to $55,000
Marketing materials, stationery, forms and curricular resources $17,800 to $24,500
Three months' advertising contribution $10,500 to $10,500
Estimated total $78,300 to $90,000

Personnel costs

Uniforms, name tags and the like make up personnel costs, and for The Goddard School it will run you $4,250. The nationwide average cost of personnel fees comes in at $22,818, which means you'll be paying less to outfit your employees.
Personnel Cost
Background check, up to four individuals $3,000 to $5,500
Estimated total $3,000 to $5,500

Other expenses

Miscellaneous expenses for The Goddard School total $162,450 — more than the nationwide average of $69,970.
Other Cost
Miscellaneous opening costs $73,000 to $113,000
Three months' additional funds $48,300 to $90,600
Estimated total $121,300 to $203,600
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 The Goddard School is on the more costly side, we recommend following these steps to get fully financed:
  1. Go to the The Goddard School franchising website and review its financial requirements, including cash-on-hand requirements.
  2. Reach out to The Goddard School 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 $780,350 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 The Goddard School — 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 The Goddard School 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 The Goddard School 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 $697,100. 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
Biz2Credit business loans
6+ months in business; $100,000+ monthly revenue; 500+ credit score
Get only the capital you need through secure, prescreened lenders with this highly rated company offering SBA, expansion, working capital and other loans.
OnDeck short-term loans
600+ personal credit score, 1 year in business, $100,000+ annual revenue, active business checking account
A leading online business lender offering flexible financing at competitive fixed rates.
Fora Financial business loans
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
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
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.

Compare up to 4 providers

How The Goddard School stacks up

Compare how The Goddard School holds up against two similarly sized franchises.
Pirtek The Goddard School Signal 88 Security
Average Franchise fees $42,000 $135,000 $100,000
Average Equipment fees $169,300 $253,500 $21,025
Average Real estate fees $23,050 $105,000 NA
Average Training fees NA $36,000 $1,500
Average Inventory fees $65,500 NA NA
Average Marketing fees NA $84,150 $500
Average Licenses and permits fees NA NA $5,175
Average Insurance fees $30,000 NA $2,475
Average Admin fees $3,500 NA NA
Average Personnel fees NA $4,250 $5,000
Average Other fees $150,000 $162,450 $5,500

Bottom line

The Goddard School franchise costs run a total of $780,350. 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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