Wayback Burgers franchise financing options

Overall costs for Wayback Burgers run anywhere from $193,000 to $482,500. 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 2022 from Franchise Direct and include opening fees and expenses only. The location you choose for your Wayback Burgers franchise may result in higher or lower fees.

Franchise fees

Wayback Burgers franchise fees total around $35,000, which beats out the $37,000 average for the 200 largest franchises nationwide.

Franchise	Cost
Initial franchise fee	$35,000 to $35,000
Royalty	Greater of the following: (i) 5% of total weekly gross sales or (ii) $400 per week.
Estimated total	$35,000 to $35,000

Equipment fees

Equipment fees total $126,500 for Wayback Burgers. This is less than the $180,023 average for the top 200 franchises.

Equipment	Cost
Equipment	$75,000 to $140,000
Signage	$3,000 to $35,000
Estimated total	$78,000 to $175,000

Real estate fees

Real estate will set you back $149,750 for Wayback Burgers, thought it's less than the average of $788,376 for the top 200 franchises.

Real estate	Cost
Leasehold improvements	$60,000 to $220,000
Initial rent outlays	$2,500 to $12,000
Utility deposits	$0 to $5,000
Site selection	Amount of the franchisoru2019s expenses for on-site evaluations.
Estimated total	$62,500 to $237,000

Training fees

Wayback Burgers initial training costs total $5,500, which comes in under the nationwide average of $9,788.

Training	Cost
Travel and living expenses during training	$1,000 to $10,000
Training	Then-current training fee and amount of expenses, currently $200 per person per day.
Estimated total	$1,000 to $10,000

Inventory costs

Initial inventory for Wayback Burgers shakes out to $13,250. This is less than the nationwide average of $53,119.

Inventory	Cost
Initial inventory	$6,000 to $8,000
Supplies	$5,000 to $7,500
Estimated total	$11,000 to $15,500

Marketing costs

Advertisement and marketing costs total up to $5,000 for Wayback Burgers, beating out the nationwide average of $9,938.

Marketing	Cost
Grand opening advertising	$5,000 to $5,000
Estimated total	$5,000 to $5,000

Insurance costs

Initial insurance costs for Wayback Burgers run $2,750. This means you'll be paying less than the overall nationwide average of $6,311.

Insurance	Cost
Prepaid insurance premiums	$500 to $5,000
Insurance	Cost of insurance and, if not obtained by franchisees, the franchisoru2019s procurement expense.
Estimated total	$500 to $5,000

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 2022.

How to finance

Since the estimated total for Wayback Burgers is on the more costly side, we recommend following these steps to get fully financed:

1. Go to the Wayback Burgers franchising website and review its financial requirements, including cash-on-hand requirements.
2. Reach out to Wayback Burgers about in-house financing for franchisees.
3. If in-house financing isn't available, look for online loans, bank loans and SBA loans to help meet the $337,750 estimated opening costs.
4. Compare lenders based on amounts, interest rates and what types of personal and business credit history they accept.
5. Once you settle on a lender, gather all required documents, including account statements and assets.
6. 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 Wayback Burgers — 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 Wayback Burgers 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.

Also check if Wayback Burgers 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 $193,000. 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.

How Wayback Burgers stacks up

Compare how Wayback Burgers holds up against two similarly sized franchises.

	Engineering for Kids	Wayback Burgers	Fresh Coat
Average Franchise fees	$16,750	$35,000	$44,900
Average Equipment fees	$8,675	$126,500	$3,500
Average Real estate fees	$24,000	$149,750	$500
Average Training fees	$1,200	$5,500	$1,000
Average Inventory fees	$7,000	$13,250	NA
Average Marketing fees	NA	$5,000	NA
Average Licenses and permits fees	$125	NA	NA
Average Insurance fees	NA	$2,750	$4,000
Average Admin fees	NA	NA	NA
Average Personnel fees	NA	NA	NA
Average Other fees	$8,250	NA	NA

Bottom line

Wayback Burgers franchise costs run a total of $337,750. 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.