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Weed Man Lawn Care franchise financing options
Compare costs, fees and where to get financing for a Weed Man Lawn Care.
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 Weed Man Lawn Care franchise may result in higher or lower fees.
Franchise fees
Weed Man Lawn Care franchise fees total around $26,875, which beats out the $37,000 average for the 200 largest franchises nationwide.Franchise | Cost |
---|---|
Initial franchise fee | $20,000 to $33,750 |
Royalty | $12,558.98 annually for each of the first two production vehicles; $8,791.29 annually for the third production vehicle; and $6,279.49 annually for all subsequent production vehicles used during the year. |
Estimated total | $20,000 to $33,750 |
Equipment fees
Equipment fees total $13,540 for Weed Man Lawn Care. This is less than the $180,023 average for the top 200 franchises.Equipment | Cost |
---|---|
Real estate improvement | Varies to |
Equipment and fixtures | $7,055 to $7,055 |
Truck and spray package lease, per month | $600 to $800 |
Computer hardware and software | $5,635 to $5,935 |
Estimated total | $13,290 to $13,790 |
Training fees
Weed Man Lawn Care initial training costs total $4,600, which comes in under the nationwide average of $9,788.Training | Cost |
---|---|
Training cost | $4,600 to $4,600 |
Estimated total | $4,600 to $4,600 |
Insurance costs
Initial insurance costs for Weed Man Lawn Care run $3,000. This means you'll be paying less than the overall nationwide average of $6,311.Insurance | Cost |
---|---|
Insurance | $3,000 to $3,000 |
Estimated total | $3,000 to $3,000 |
Other expenses
Miscellaneous expenses for Weed Man Lawn Care total $1,975 — less than the nationwide average of $69,970.Other | Cost |
---|---|
Miscellaneous opening costs | $1,600 to $2,350 |
Estimated total | $1,600 to $2,350 |
How to finance
The average cost to open one of the 200 biggest franchises in the US — $303,091 — is well over the estimated total initial costs for $49,990. Securing funds will likely be easier at lower amounts, just follow these steps:- Review the financial requirements on the Weed Man Lawn Care franchising website.
- Compare banks, online lenders and business credit cards and determine which financing type best suits your needs.
- Once you settle on a financing type, compare lenders based on credit history requirements, amounts offered and interest rates.
- 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 Weed Man Lawn Care.- 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 lenders
You may not need financing to cover the estimated $42,490. 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 Weed Man Lawn Care stacks up
Compare how Weed Man Lawn Care holds up against two similarly sized franchises.Senior Helpers | Weed Man Lawn Care | Furniture Medic | |
---|---|---|---|
Average Franchise fees | $49,500 | $26,875 | NA |
Average Equipment fees | $6,000 | $13,540 | NA |
Average Real estate fees | $4,500 | NA | NA |
Average Training fees | NA | $4,600 | NA |
Average Inventory fees | $1,100 | NA | NA |
Average Marketing fees | $7,500 | NA | NA |
Average Licenses and permits fees | $6,250 | NA | NA |
Average Insurance fees | $4,250 | $3,000 | NA |
Average Admin fees | $700 | NA | NA |
Average Personnel fees | $25,000 | NA | NA |
Average Other fees | $23,000 | $1,975 | NA |
Bottom line
Weed Man Lawn Care franchise costs run a total of $49,990. 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.More guides on Finder
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