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The Maids Home Services franchise financing options
Compare costs, fees and where to get financing for a The Maids Home Services.
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 Maids Home Services franchise may result in higher or lower fees.
Franchise feesThe Maids Home Services franchise fees total around $49,550, which is more than the $37,000 average for the 200 largest franchises.
|Initial license fee||$12,500 to $12,500|
|Initial territory fee||$7,600 to $66,500|
|Estimated total||$20,100 to $79,000|
Equipment feesEquipment fees total $15,575 for The Maids Home Services. This is less than the $180,023 average for the top 200 franchises.
|Smart-start package||$9,900 to $9,900|
|Computer hardware||$1,600 to $2,500|
|Office fixtures, decorating and furniture||$1,000 to $3,000|
|Telephone||$200 to $750|
|Washer and dryer||$800 to $1,500|
|Estimated total||$13,500 to $17,650|
Real estate feesReal estate will set you back $1,500 for The Maids Home Services, thought it's less than the average of $788,376 for the top 200 franchises.
|Office security deposit||$500 to $2,500|
|Estimated total||$500 to $2,500|
Training feesThe Maids Home Services initial training costs total $3,900, which comes in under the nationwide average of $9,788.
|Wages, travel and living expenses during smart start training||$1,100 to $6,700|
|Estimated total||$1,100 to $6,700|
Insurance costsInitial insurance costs for The Maids Home Services run $2,700. This means you'll be paying less than the overall nationwide average of $6,311.
|Insurance deposit||$2,200 to $3,200|
|Estimated total||$2,200 to $3,200|
Administrative feesThe Maids Home Services administrative fees total up to $1,000 — which comes in under the overall nationwide average of $6,761.
|Startup professional services||$500 to $1,500|
|Technology fee||Currently 0.25% of Gross Revenues, may be increased to 1% of Gross Revenues, with a cap of $15,000 per franchisee per year.|
|Costs and attorneys' fees||Will vary under the circumstances.|
|Estimated total||$500 to $1,500|
Other expensesMiscellaneous expenses for The Maids Home Services total $33,025 — less than the nationwide average of $69,970.
|Three months' additional funds||$25,300 to $40,750|
|Estimated total||$25,300 to $40,750|
How to financeSince the estimated total for The Maids Home Services is on the more costly side, we recommend following these steps to get fully financed:
- Go to the The Maids Home Services franchising website and review its financial requirements, including cash-on-hand requirements.
- Reach out to The Maids Home Services 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 $107,250 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 Maids Home Services — 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 Maids Home Services 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 $63,200. 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 Maids Home Services stacks upCompare how The Maids Home Services holds up against two similarly sized franchises.
|CruiseOne/Dream Vacations||The Maids Home Services||Krispy Kreme|
|Average Franchise fees||$4,900||$49,550||$18,750|
|Average Equipment fees||$2,175||$15,575||$825,000|
|Average Real estate fees||NA||$1,500||$1,830,000|
|Average Training fees||$548||$3,900||$47,500|
|Average Inventory fees||NA||NA||$45,000|
|Average Marketing fees||$725||NA||$35,000|
|Average Licenses and permits fees||$325||NA||NA|
|Average Insurance fees||NA||$2,700||NA|
|Average Admin fees||$628||$1,000||NA|
|Average Personnel fees||NA||NA||NA|
|Average Other fees||$1,500||$33,025||$87,500|
Bottom lineThe Maids Home Services franchise costs run a total of $107,250. 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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