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Initial Investment & Startup Costs
Starting any business requires sacrifice and careful financial planning. It’s no different with Office Pride. The difference is that we simplify the process by making it more affordable and providing helpful resources. Our goal is to make franchise ownership attainable for the average entrepreneur.
What It Takes to Start a Franchise
Initial Franchise Fee
$45,000
Startup Cost Range
$80,400-$126,600
We advise franchisees to set aside six to nine months’ worth of personal living expenses. The amount you will need depends on your monthly expenses and business growth rate.
**As a five-star VetFran franchisor, we offer a 25% franchise fee discount to honorably discharged U.S. military veterans.
A Breakdown of Anticipated Expenses
| Expenditure Type | Expenditure Amount | Payment Recipient |
|---|---|---|
| Initial Franchise Fee | $45,000 | Office Pride |
| Lead Generation | $2,500-$5,000 | At Franchisee Discretion |
| Cleaning Supplies, Materials, & Ancillary Goods | $3,000-$7,000 | Approved Suppliers |
| Office Equipment & Supplies | $500-$3,500 | Approved Suppliers |
| Computer System | $0-$2,000 | Third Parties |
| Insurance | $4,000-$7,000 | Insurance down payment to the insurance company |
| Other Deposits | $100-$2,700 | Estimated for leased equipment, telephone, utilities, vehicle, etc. |
| Professional Fees | $200-$2,000 | For accountants and attorneys |
| Training Expenses | $0-$2,100 | Estimated expenses for attending the initial training |
| Licenses and/or Bonds | $100-$300 | Fees paid to government agencies and/or insurance or bonding companies |
| Additional Funds | $25,000-$50,000 | Needed for various operating expenses like payroll, supplies, cleaning equipment, marketing, bank fees, etc. and is dependent on how fast you grow |
| Total Expenditures | $80,400-$126,600 |
For complete information, see our Franchise Disclosure Document (FDD)
Funding Your Future
Choosing how to finance your start-up is a decision that every entrepreneur has to make early on in the process. While some entrepreneurs have sufficient assets to start a franchise, many utilize outside sources to assist with financing.
Office Pride has a group of preferred partners who can provide financial assistance, like loans, to new franchise owners. Here’s a breakdown of the most common funding options.
Liquid Assets
Many franchise owners use cash and savings to finance their start-ups. This can be personal stocks and liquidated assets or money from family members.
401k Business Financing
Entrepreneurs can use their 401k and IRA funds to buy a franchise without taking a taxable distribution or getting a loan.
SBA Loans
SBA business loans offer up to $5 million with low-interest rates, flexible payment terms, and no ballooning costs.
Contact Us
Need more information or want to speak with a representative? Give us a shout. We’d be happy to speak with you.
