Your Estimated Initial Investment
Understanding the Cost of Owning
a
Cyberbacker Franchise
Cyberbacker proudly offers one of the most affordable franchises with a low barrier to entry.
Our franchise fee is below $50,000, and there are no royalty fees.
A Substantial Investment in Your Future
The upfront cost is a substantial investment in your future, encompassing an extensive boot camp training and launch program. We offer continuous support, an array of valuable resources, and a collaborative environment, providing every franchisee with the necessary tools for success.
Detailed Cost Breakdown
Before buying a franchise, it’s crucial to understand the costs. Here’s a detailed breakdown of our initial investment requirements and ongoing fees.
Initial Investment
The initial investment necessary to kickstart your Cyberbacker franchise venture ranges from $52,000 and $84,950. This includes a franchise fee of $30,000 and a $10,000 launch team support cost.
Incentive for Military Veterans
We proudly offer a discount of $5,000 on the initial franchise fee to honorably discharged US military veterans.
Royalties and Fees
We believe in transparency and simplicity when it comes to costs. Our franchise opportunity has no hidden fees or annual royalties.The initial investment includes all essential requirements for a successful launch and ongoing operation.
Recommended Working Capital
To cover expenses during the first year of operation, we strongly recommend having additional capital. Based on our experience, it is estimated at $2,000 to $7,000 per quarter.
Fix Monthly Expenses
You will be paying a fixed monthly cost for the services of your support team, ranging between $1,950 to $2,600. There will also be a minimal monthly expense for the technology suite.
Growth and Scalability
Business Coach
We believe in business coaching. To ensure your success, we may require you to engage a business coach approved by us. The estimated cost typically ranges from $1,000 to $1,500 per month. If beneficial, this may continue after the initial 12 months.
Renewal of Franchise Contract
We do not impose any fees for the renewal of the franchise contract. The initial contract lasts for five years, and upon meeting target metrics, franchisees can enter into a new successor franchise agreement without additional fees.
Advertising and Promotion
As a franchise owner, you will initiate and execute your own marketing and promotional activities, with associated expenses being your responsibility. You can create customized marketing materials with our assistance or through an affiliate at your own expense.
Making an Informed Decision
We aim to provide a clear and honest picture of what you can expect from joining our franchise network. We hope this information helps you make an informed and confident decision about our franchise opportunity, weighing the potential rewards and risks.
Franchise Opportunity
Your Estimated Initial Investment
| Type of Expenditure | Amount | Method of Payment | When Due | To Whom The Payment is Made | |||
|---|---|---|---|---|---|---|---|
|
Initial Franchise Fee |
$30,000 |
Lump sum |
At signing |
Us |
|||
|
Initial Training |
$0 – $500 |
Lump sum |
As incurred |
Us |
|||
|
Support Team Cost (first 3 months) |
$5,850 – $7,800 |
Lump sum |
At signing |
Our affiliate |
|||
|
Launch Team Support fee |
$10,000 |
Lump Sum |
At signing |
Us |
|||
|
Computer, Internet, smartphone, and technology suite |
$150 – $2,650 |
As incurred |
As negotiated |
Suppliers and Us |
|||
|
Business Coach – first 3 months |
$3,000 – $4,500 |
As incurred |
As incurred |
Business Coach |
|||
|
Construction/Leasehold Improvements |
$0 – $10,000 |
As incurred |
As negotiated |
Suppliers |
|||
|
Adapting your office to our general specifications |
$0 – $2,500 |
As incurred |
As negotiated |
Suppliers |
|||
|
Rent (3 months of rent, plus a security deposit) |
$0 – $4,000 |
As incurred |
As negotiated |
Suppliers |
|||
|
Miscellaneous Operating Costs |
$1,000 – $6,000 |
As negotiated |
As negotiated |
Suppliers, government, departments, accountants, employees, etc. |
|||
|
Additional Funds – 3 months |
$2,000 – $7,000 |
As negotiated |
As negotiated |
Suppliers, travel costs, etc. |
|||
|
Total |
$52,000 – $84,950 |
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Note: The above costs are estimates for developing a single franchise market, and we cannot guarantee that you won’t incur additional expenses when starting your franchise business. If you decide to purchase additional franchises, options will be available, and the initial franchise fee reduced, subject to meeting certain criteria. For further details, please refer to the Cyberbacker Franchise Disclosure Document (FDD) dated April 19, 2024.