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The Little Gym franchise financing options
Compare costs, fees and where to get financing for a The Little Gym.
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 Little Gym franchise may result in higher or lower fees.
Franchise feesThe Little Gym franchise fees total around $49,500, which is more than the $37,000 average for the 200 largest franchises.
|Initial franchise fee||$39,500 to $59,500|
|Royalty||8% of monthly gross revenue, subject to the annual minimum royalty requirement or unopened center fee.|
|Estimated total||$39,500 to $59,500|
Equipment feesEquipment fees total $84,950 for The Little Gym. This is less than the $180,023 average for the top 200 franchises.
|Startup equipment and inventory package||$51,000 to $65,000|
|Signs and fixtures||$8,000 to $15,000|
|Furnishings, computer systems, security surveillance system, other equipment and supplies||$8,400 to $22,500|
|Estimated total||$67,400 to $102,500|
Real estate feesReal estate will set you back $97,500 for The Little Gym, thought it's less than the average of $788,376 for the top 200 franchises.
|Tenants improvements||$15,000 to $150,000|
|Security deposits and other prepaid expenses||$5,000 to $25,000|
|Estimated total||$20,000 to $175,000|
Training feesThe Little Gym initial training costs total $7,500, which comes in under the nationwide average of $9,788.
|Training related expenses||$5,000 to $10,000|
|Estimated total||$5,000 to $10,000|
Marketing costsAdvertisement and marketing costs total up to $19,000 for The Little Gym, which is more than the nationwide average of $9,938.
|Initial sales promotion||$13,000 to $25,000|
|Estimated total||$13,000 to $25,000|
Insurance costsInitial insurance costs for The Little Gym run $2,750. This means you'll be paying less than the overall nationwide average of $6,311.
|Insurance premiums||$2,000 to $3,500|
|Estimated total||$2,000 to $3,500|
Other expensesMiscellaneous expenses for The Little Gym total $7,000 — less than the nationwide average of $69,970.
|Miscellaneous payments and expenses before beginning of operations||$3,000 to $11,000|
|Estimated total||$3,000 to $11,000|
How to financeSince the estimated total for The Little Gym is on the more costly side, we recommend following these steps to get fully financed:
- Go to the The Little Gym franchising website and review its financial requirements, including cash-on-hand requirements.
- Reach out to The Little Gym 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 $268,200 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 Little Gym — 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 Little Gym 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 $149,900. 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 Little Gym stacks upCompare how The Little Gym holds up against two similarly sized franchises.
|Maid Brigade||The Little Gym||Rainbow International Restoration|
|Average Franchise fees||$17,500||$49,500||$40,000|
|Average Equipment fees||$5,450||$84,950||$92,000|
|Average Real estate fees||$2,550||$97,500||NA|
|Average Training fees||$2,000||$7,500||$8,300|
|Average Inventory fees||$3,700||NA||NA|
|Average Marketing fees||$11,850||$19,000||$20,000|
|Average Licenses and permits fees||NA||NA||$2,638|
|Average Insurance fees||$1,500||$2,750||$11,250|
|Average Admin fees||NA||NA||NA|
|Average Personnel fees||NA||NA||$495|
|Average Other fees||$43,750||$7,000||$58,750|
Bottom lineThe Little Gym franchise costs run a total of $268,200. 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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