Christian Brothers Franchise Cost
The Christian Brothers franchise cost is between $408,100 and $477,600, with 80% of the investment typically financed over a 10-year period using Small Business Administration (SBA) loans. That allows franchisees to start the business with initial liquid capital of just $75,000 and a net worth of at least $200,000.
If you’ve seen how large and nice Christian Brothers locations are, that might seem shockingly low. Here’s why it’s possible: Christian Brothers is a true partner in your business. We make a significant upfront investment to help find an exceptional location and build a beautiful building that projects the permanence and professionalism that Christian Brothers offers customers. We shoulder those startup costs so we can make it possible for more great people to achieve business ownership.
Franchise systems price out a lot of good people through high startup costs and large asset requirements, but Christian Brothers knows that people with the right ethics and attitudes can succeed as long as they receive quality training and support. Our goal as a franchisor is to find people who will be great at running the business for years to come — not simply people with the resources to make the investment.
Below, you will see the Item 7 Startup costs that are listed in our Franchise Disclosure Agreement. The costs listed below reflect startup and operating costs for the first 12 months you are in business — but they don’t reflect the amount of money you need to possess to become a franchisee. Thanks to Christian Brothers’ track record of success — we’ve never closed a location, and none of our franchises have ever missed a payment on an SBA loan — our franchisees enjoy excellent lending terms to help with the Christian Brothers franchise cost.
|Type Of Expenditure||Amount||Method Of Payment||When Due||To Whom Payment Is To Be Made|
|TOTAL||$408,100 to $477,600|
|INITIAL FRANCHISE FEE||$125,000||a) $75,000
|INITIAL FRANCHISE FEE WITH DISCOUNT||$112,500
with IFA VetFran Program Discount
|REAL ESTATE AND IMPROVEMENTS||$0.00 at startup, but monthly thereafter|
|EQUIPMENT||$190,000 to $203,000||Cash As Purchased||Prior to opening Franchised Business||Equipment Vendors and/or CBAC|
|INVENTORY||$11,000||Cash As Purchased||Prior to opening and then as needed||Suppliers|
|SECURITY DEPOSITS||$5,000||Lump Sum||Prior to opening Franchised Business||Local utility companies|
|SIGNS||$0||Provided through Franchisor and Real Estate Lease|
|INSURANCE & BUSINESS LICENSE||$5,000 to $35,000||Per Agreement with Insurance Companies||Can be prior to opening Franchised Business by is usually financed with a monthly payment||Insurance Companies|
|MARKETING/ADVERTISING||$17,600 to $23,600 incurred during your first year in business||When required by Advertising Suppliers||Start-up, monthly, or otherwise, per agreement with advertisers||Advertisers and Suppliers|
|GRAND OPENING MARKETING/ADVERTISING||$15,000 to $18,000||By Advertising Suppliers||Starting 30 days prior to store opening up until 60 days after store opening||Advertisers and Suppliers|
|ADDITIONAL FUNDS DURING INITIAL 3 MONTHS||$30,000 to $40,000||General operational expenses such as office supplies, employees, vendors and utilities||First three months of operations||Vendors, suppliers, employees and utility companies|
|PRE-OPENING TRAINING TRAVEL/SALARY||$7,500 to $10,000||General travel expenses such as flight, rental car, hotel and food costs for approximately 30-45 days.||Starting approximately 90 days prior to store opening and will be needed for a period of approximately 30-45 days.||Airline, car rental agency, hotel, restaurants and your salary if needed|
|OTHER PAYMENTS||$2,000 to $7,000||Cash at purchase and/or included in business loan||Prior to applying for commercial financing||Bank of your choosing, Federal Govt and other 3rd party vendors|