Initial Investment
You are thinking of diving in to franchise ownership with Mosquito Mike…Now how to pay for it? If you do not have the available funds in your savings or investments, we do have some options for you. If you have a 401K or IRA…you may want to consider a self-directed option that allows you to use your retirement account towards business ownership.
If you prefer to borrow…You have many options available, including, but not limited to…SBA loans, Conventional loans, Securities-Backed Loans and Unsecured Loans. Watch the video below to learn a little about your different options…
Type of expenditure |
Amount | Method of payment | When due | To whom payment is to be made |
Initial Franchise Fee | $49,000 | Lump Sum | When you sign the Franchise Agreement | Us |
Furniture and Fixtures | $0 to $750 | As arranged | As arranged | Suppliers |
Vehicle | $0 to $5,343 | As arranged | As incurred | Suppliers |
Vehicle Outfitting | $6,699 to $7,002 | As arranged | As incurred | Suppliers |
Computer Hardware and Software | $5,153 to $6,973 | As arranged | As incurred | Suppliers |
Technology Fees – 3 months | $600 | As arranged | Monthly | Us |
Office Equipment and Supplies | $750 to $900 | As arranged | As arranged | Suppliers |
Initial Inventory | $3,100 to $7,000 | As arranged | As arranged | Suppliers |
Internet Fees | $180 to $300 | As arranged | As arranged | Suppliers |
Business Licenses and Permits | $250 to $1,250 | As arranged | As arranged | Government Agencies |
Professional Fees | $1,400 to $3,200 | As arranged | As arranged | Attorney, Accountant |
Association Membership Fees | $200 to $450 | As arranged | As arranged | Local Chamber of Commerce or local business networking group |
Insurance | $1,750 to $2,700 | As arranged | As arranged | Insurance Providers |
Training Expenses | $1,275 to $5,892 | As arranged | As arranged | Airline, Hotel, Restaurant, etc. |
Grand Opening Marketing Campaign | $35,000 | As arranged | As arranged | Us or Approved Suppliers |
Additional Funds – 3 Months | $4,500 to $7,500 | As arranged | As needed | Various |
TOTAL | $109,677 to $133,560 |