Zoom Drain franchise financing options

Overall costs for Zoom Drain run anywhere from $134,000 to $210,000. 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 2021 from Franchise Direct and include opening fees and expenses only. The location you choose for your Zoom Drain franchise may result in higher or lower fees.

Franchise fees

Zoom Drain 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
Estimated total	$35,000 to $35,000

Real estate fees

Real estate will set you back $6,000 for Zoom Drain, thought it's less than the average of $788,376 for the top 200 franchises.

Real estate	Cost
Lease	$3,000 to $9,000
Estimated total	$3,000 to $9,000

Training fees

Zoom Drain initial training costs total $1,750, which comes in under the nationwide average of $9,788.

Training	Cost
Initial training expenses	$500 to $3,000
Estimated total	$500 to $3,000

Marketing costs

Advertisement and marketing costs total up to $52,500 for Zoom Drain, which is more than the nationwide average of $9,938.

Marketing	Cost
Initial marketing expenses	$45,000 to $60,000
Marketing fee	Up to 2% of Net Sales. Currently, the franchisor does not charge this fee.
Estimated total	$45,000 to $60,000

Other expenses

Miscellaneous expenses for Zoom Drain total $76,750 — more than the nationwide average of $69,970.

Other	Cost
Professional fees	$500 to $3,000
Six months' additional funds	$50,000 to $100,000
Estimated total	$50,500 to $103,000

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 2021.

How to finance

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

1. Go to the Zoom Drain franchising website and review its financial requirements, including cash-on-hand requirements.
2. Reach out to Zoom Drain 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 $172,000 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 Zoom Drain — 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 Zoom Drain 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 Zoom Drain 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 $134,000. 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 Zoom Drain stacks up

Compare how Zoom Drain holds up against two similarly sized franchises.

	YogaFit	Zoom Drain	Casa de Corazon
Average Franchise fees	$25,000	$35,000	$70,000
Average Equipment fees	$3,250	NA	$172,500
Average Real estate fees	$98,500	$6,000	NA
Average Training fees	$1,750	$1,750	$2,000
Average Inventory fees	NA	NA	$6,250
Average Marketing fees	$5,500	$52,500	$6,250
Average Licenses and permits fees	NA	NA	$5,500
Average Insurance fees	NA	NA	$15,000
Average Admin fees	NA	NA	NA
Average Personnel fees	NA	NA	NA
Average Other fees	NA	$76,750	$22,500

Bottom line

Zoom Drain franchise costs run a total of $172,000. 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.