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The Grounds Guys franchise financing options
Compare costs, fees and where to get financing for a The Grounds Guys.
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 Grounds Guys franchise may result in higher or lower fees.
Franchise feesThe Grounds Guys franchise fees total around $35,000, which beats out the $37,000 average for the 200 largest franchises nationwide.
|Initial franchise fee||$35,000 to $35,000 +$350 per 1,000 additional population above minimum|
|Estimated total||$35,000 to $35,000|
Equipment feesEquipment fees total $53,300 for The Grounds Guys. This is less than the $180,023 average for the top 200 franchises.
|Vehicle||$4,000 to $50,000|
|Equipment, supplies and inventory||$16,300 to $36,300|
|Estimated total||$20,300 to $86,300|
Real estate feesReal estate will set you back $3,000 for The Grounds Guys, thought it's less than the average of $788,376 for the top 200 franchises.
|Real estate||$0 to $6,000|
|Estimated total||$0 to $6,000|
Training feesThe Grounds Guys initial training costs total $3,550, which comes in under the nationwide average of $9,788.
|Training, travel, lodging and food||$2,250 to $4,850|
|Estimated total||$2,250 to $4,850|
Marketing costsAdvertisement and marketing costs total up to $20,000 for The Grounds Guys, which is more than the nationwide average of $9,938.
|Advertising, promotional and local marketing spending for marketing startup phase||$15,000 to $25,000|
|Estimated total||$15,000 to $25,000|
Licenses and permits costsThe Grounds Guys initial licenses and permits will set you back $525. This comes out to less than $18,770 — the overall nationwide average.
|Licenses and permits||Cost|
|Deposits, permits and licenses||$50 to $1,000|
|License fee||5-6% of gross sales except for roll-in sales. In addition, minimum license fees apply.|
|Estimated total||$50 to $1,000|
Insurance costsInitial insurance costs for The Grounds Guys run $3,100. This means you'll be paying less than the overall nationwide average of $6,311.
|Insurance||$1,200 to $5,000|
|Estimated total||$1,200 to $5,000|
Administrative feesThe Grounds Guys administrative fees total up to $1,920 — which comes in under the overall nationwide average of $6,761.
|Software fees||$1,920 to $1,920|
|Audit||Cost of audit plus expenses plus any amount owed as shown by the audit, plus interest and late fees.|
|Estimated total||$1,920 to $1,920|
Other expensesMiscellaneous expenses for The Grounds Guys total $2,625 — less than the nationwide average of $69,970.
|Professional fees||$250 to $5,000|
|Estimated total||$250 to $5,000|
How to financeSince the estimated total for The Grounds Guys is on the more costly side, we recommend following these steps to get fully financed:
- Go to the The Grounds Guys franchising website and review its financial requirements, including cash-on-hand requirements.
- Reach out to The Grounds Guys 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 $123,020 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?You have several options when it comes to financing a The Grounds Guys — 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 Grounds Guys 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.
Compare small business lendersYou may not need financing to cover the estimated $75,970. 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 Grounds Guys stacks upCompare how The Grounds Guys holds up against two similarly sized franchises.
|Window World||The Grounds Guys||1-800-Radiator & A/C|
|Average Franchise fees||$17,500||$35,000||$45,000|
|Average Equipment fees||$32,500||$53,300||$42,000|
|Average Real estate fees||$51,800||$3,000||$56,000|
|Average Training fees||$1,050||$3,550||$3,750|
|Average Inventory fees||$750||NA||$500,000|
|Average Marketing fees||$20,000||$20,000||$30,000|
|Average Licenses and permits fees||$1,500||$525||NA|
|Average Insurance fees||$6,000||$3,100||NA|
|Average Admin fees||$4,000||$1,920||NA|
|Average Personnel fees||$40,000||NA||NA|
|Average Other fees||$45,000||$2,625||$150,000|
Bottom lineThe Grounds Guys franchise costs run a total of $123,020. 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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