lendio Franchise Review
lendio is graded based on our most recent FDD research!
Franchise Information
Lendio is a business that assists in obtaining loans and other short-term and long-term financial products.
How much does a lendio franchise cost?
lendio has a franchise fee of up to $46,000, with a overall initial investment range of $30,150 to $117,100.
- Initial Franchise Fee: $46,000
- Total Investment: $30,150 to $117,100
- Working Capital: $1,500 to $12,000
- Royalty Fee: 70.0%
The upfront investment of any franchised business includes several fees. Check out this investment opportunity to better understand the specific costs required to buy a lendio, such as territory fees, real estate costs, pre-opening marketing, and furniture and fixtures purchases. As a reminder, franchise companies must to provide you with details about all initial fees. These are not only fees that are actually paid, but also commitments to fees you are required to pay. Another important item to review is whether the upfront fees are refundable to you or not. The franchise system must disclose what conditions any of the upfront fees are refundable. A franchise must also provide details of a range of fees if their initial fees are not the same within the franchise. A thorough review of the Item 5 initial fees will give you the answers needed to make an informed investment decision this franchise.
Can you Afford an lendio Franchise. Complete our Affordability Calculator to find out!
How much can I earn by owning a lendio franchised business?
As with any new business, the franchise owner's salary and the earnings from a lendio business depends on a variety of factors. One way to check on the potential revenues or profits earned from a lendio franchise investment is to analzye the franchisor's Item 19 within their FDD. Typically, profits and owner's salary are equitable to the size of the investment and number of locations you buy. Demand for your products, your labor costs, commercial lease rates and several other variables also play a huge role in your bottom line and your personal salary
For more details and system-specific data on the earnings of a lendio franchised business, unlock this franchise opportunity
How many franchise locations does lendio franchise operate?
As of the 2020 Franchise Disclosure Document, there are 56 franchised lendio locations across the United States.
Did you know there are over 3,000 franchise opportunities across the United States. More than 80% have less than 10 locations.
Are there any lendio franchises in my preferred location?
Based on 2020 FDD data, lendio has franchised locations in 23 states.
Based on our research this franchise opportunity is growing into new cities and could be available in your city. While planning your franchise purchase, you always need to be considering what is a good location for my franchise. Review the potential customer base to assess that the area you are looking at has a need or a market for this business.
One of our franchise advisors will have detailed knowledge about this franchise opportunity. Sign up to learn more and talk with our experts.
Last Reviewed: 2020
Sector: Business Services
Category: Finance & Legal
lendio Franchise INFORMATION
5 Years
5 Years
0
56
70.0%
2.0%
FAQS
Do they provide any initial training and opening assistance?
Yes, they have an initial training program of 40 hours. This includes 40 hours of classroom training, 0 hours of on-the-job training, and 0 hours of online training. In their FDD they outline who's in charge of the training. Unlock to find out more.
| Online | 0 |
|---|---|
| On-the-Job | 0 |
| Classroom | 40 |
| Total | 40 |
Do they offer Territory Rights?
lendio does NOT offer territory protections. For an explanation of territorial rights, unlock this franchise opportunity for important details.
Do they have marketing and technology support in place?
No, lendio does NOT offer comprehensive support for franchisees.
How long ago did lendio begin franchising?
They began franchising in 2016. The average Finance & Legal franchise began franchising in 2016.
Does lendio offer financing support?
No, but you can click here to fill out our affordability calculator and understand your financing options.
Unlock this opportunity for instant access to our research findings, including:
- Growth projections
- Turnover projections
- Financial transparency
- Initial and renewal terms
- Royalties and marketing fees
- Important Franchise FAQs
- Our grade and free access to consult with a franchising expert
- What are the historical franchise owner profits?
- Does this franchise provide Veteran or First Responder discounts?
- Does this franchise use public figures to promote their franchise?
- Does this franchise disclose any bankruptcies?
- Is this franchise affiliated with any other franchise companies or private equity investment groups?
- How many new locations have they opened in the last 5 years?
- How many franchised locations have closed in the last 5 years?
- How many new outlets have they sold in the last 5 years?
- How many franchised locations have terminated in the last 5 years?
- Does this franchise operate any corporate or affiliate owned locations?
- How many years is their initial and renewal term lengths?
- Does this franchise have any lawsuits?
- How long have they been franchising?
- Are they expanding internationally?
- How often are royalties and advertising fees paid to the franchisor?
- What are the territory protections the franchisor provides you?
- What support can you expect to receive from the franchisor?
- Why has new franchisee growth been so high?
- What are the important requirements for managing a successful franchised location in this brand?
- Are you required to work in the outlet or is this a passive franchise opportunity?
- Will they refund any upfront fees under certain circumstances?