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Transworld Business Advisors franchise financing options
Compare costs, fees and where to get financing for a Transworld Business Advisors.
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 Transworld Business Advisors franchise may result in higher or lower fees.
Franchise feesTransworld Business Advisors franchise fees total around $49,500, which is more than the $37,000 average for the 200 largest franchises.
|Initial franchise fee||$49,500 to $49,500|
|Royalty||A monthly fee equal to the greater of 8% of Gross Revenues or $300 u2013 months 1-12$600 u2013 months 13-24$900 u2013 after 24 months|
|Estimated total||$49,500 to $49,500|
Equipment feesEquipment fees total $750 for Transworld Business Advisors. This is less than the $180,023 average for the top 200 franchises.
|Equipment and office software||$0 to $1,500|
|Estimated total||$0 to $1,500|
Real estate feesReal estate will set you back $4,050 for Transworld Business Advisors, thought it's less than the average of $788,376 for the top 200 franchises.
|Premises lease||$900 to $7,200|
|Estimated total||$900 to $7,200|
Training feesTransworld Business Advisors initial training costs total $350, which comes in under the nationwide average of $9,788.
|Travel and living expenses while in training school||$210 to $490|
|Estimated total||$210 to $490|
Marketing costsAdvertisement and marketing costs total up to $5,000 for Transworld Business Advisors, beating out the nationwide average of $9,938.
|Advertising fund, initial membership fee||$500 to $500|
|Initial advertising||$3,000 to $6,000|
|Estimated total||$3,500 to $6,500|
Insurance costsInitial insurance costs for Transworld Business Advisors run $1,375. This means you'll be paying less than the overall nationwide average of $6,311.
|Insurance||$750 to $2,000|
|Estimated total||$750 to $2,000|
Administrative feesTransworld Business Advisors administrative fees total up to $14,995 — which comes in over the overall nationwide average of $6,761.
|Software and supplies package||$14,995 to $14,995|
|Estimated total||$14,995 to $14,995|
How to financeSince the estimated total for Transworld Business Advisors is on the more costly side, we recommend following these steps to get fully financed:
- Go to the Transworld Business Advisors franchising website and review its financial requirements, including cash-on-hand requirements.
- Reach out to Transworld Business Advisors 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 $76,020 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?Consider one of the following options for covering a portion of the costs to open a Transworld Business Advisors.
- 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.
Compare small business lendersYou may not need financing to cover the estimated $69,855. 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 Transworld Business Advisors stacks upCompare how Transworld Business Advisors holds up against two similarly sized franchises.
|Play It Again Sports||Transworld Business Advisors||Aussie Pet Mobile|
|Average Franchise fees||$25,000||$49,500||$60,000|
|Average Equipment fees||$63,850||$750||$76,700|
|Average Real estate fees||$49,500||$4,050||NA|
|Average Training fees||NA||$350||$9,563|
|Average Inventory fees||$105,000||NA||NA|
|Average Marketing fees||NA||$5,000||$1,000|
|Average Licenses and permits fees||$7,500||NA||$350|
|Average Insurance fees||NA||$1,375||$550|
|Average Admin fees||NA||$14,995||$2,075|
|Average Personnel fees||NA||NA||NA|
|Average Other fees||$40,000||NA||$2,000|
Bottom lineTransworld Business Advisors franchise costs run a total of $76,020. 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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