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The Grout Doctor franchise financing options

Compare costs, fees and where to get financing for a The Grout Doctor.

Overall costs for The Grout Doctor run anywhere from $19,000 to $27,500. 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 Grout Doctor franchise may result in higher or lower fees.

Franchise fees

The Grout Doctor franchise fees total around $14,000, which beats out the $37,000 average for the 200 largest franchises nationwide.
Franchise Cost
Franchise fee $12,000 to $16,000
Royalty 9% to 6% of monthly gross sales based on amount in the time period or a minimum payment of $0.00383 per household in the territory, whichever is greater.
Estimated total $12,000 to $16,000

Equipment fees

Equipment fees total $250 for The Grout Doctor. This is less than the $180,023 average for the top 200 franchises.
Equipment Cost
Computer system $0 to $500
Estimated total $0 to $500

Marketing costs

Advertisement and marketing costs total up to $7,500 for The Grout Doctor, beating out the nationwide average of $9,938.
Marketing Cost
Three months' advertising $6,000 to $9,000
Estimated total $6,000 to $9,000

Other expenses

Miscellaneous expenses for The Grout Doctor total $1,500 — less than the nationwide average of $69,970.
Other Cost
Three months' additional funds $1,000 to $2,000
Estimated total $1,000 to $2,000
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

The average cost to open one of the 200 biggest franchises in the US — $296,931 — is well over the estimated total initial costs for $23,250. Securing funds will likely be easier at lower amounts, just follow these steps:
  1. Review the financial requirements on the The Grout Doctor franchising website.
  2. Compare banks, online lenders and business credit cards and determine which financing type best suits your needs.
  3. Once you settle on a financing type, compare lenders based on credit history requirements, amounts offered and interest rates.
  4. Gather all required documents and apply online or in person.

What types of financing is available?

Consider one of the following options for covering a portion of the costs to open a The Grout Doctor.
  • 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 The Grout Doctor 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 $19,000. 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 The Grout Doctor stacks up

Compare how The Grout Doctor holds up against two similarly sized franchises.
NrGize Lifestyle Cafe The Grout Doctor Dunn Brothers Coffee
Average Franchise fees $17,800 $14,000 NA
Average Equipment fees NA $250 $195,797
Average Real estate fees $19,250 NA $167,000
Average Training fees NA NA NA
Average Inventory fees $3,750 NA $10,500
Average Marketing fees $3,500 $7,500 NA
Average Licenses and permits fees NA NA NA
Average Insurance fees $3,000 NA $4,750
Average Admin fees $725 NA NA
Average Personnel fees NA NA NA
Average Other fees $10,125 $1,500 $32,250

Bottom line

The Grout Doctor franchise costs run a total of $23,250. 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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