Co/LAB Lending franchise
2024 filing · March 11, 2024
Co/LAB Lending at a glance
A mortgage brokerage arranging home loans and refinancing for buyers and homeowners. At the end of 2023 there were 1 Co/LAB Lending locations in the US, all company-owned.
The business
- Industry
- Business services
- Franchisor
- Marsh and Munar Team, LLC
- The company that sells the franchises
- Franchising since
- 2024
- Franchisor based in
- Erie, Pennsylvania
What you pay
- Cost to open
- $30K–$114K
- Fee, build-out and opening working capital
- Franchise fee
- $30,000
- Loan officers moving an existing book of business may pay the fee in monthly installments.
- Royalty
- 6%
- 6% of gross sales, paid monthly
- Brand fund
- 1%
- 1% of gross sales
- Agreement length
- 7 years
Where it is
- US locations, 2023
- 1
- Franchised and company-owned
- Franchised
- 0
- Company-owned
- 1
- Change in 3 years
- 0
- Franchised locations, 2021–2023
From Marsh and Munar Team, LLC’s 2024 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
Co/LAB Lending among all franchises with the same figure.
| Figure | Co/LAB Lending | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $71,925 | Costs less than 93% of franchises |
| Franchise feePaid once, when you sign | $30,000 | Lower than 72% of franchises |
| RoyaltyShare of sales paid to the franchisor | 6% | Higher than 35% of brands with a set rate |
| US locationsFranchised and company-owned | 1 | Fewer than 88% of franchises |
How much a Co/LAB Lending franchise costs
Opening one Co/LAB Lending costs an estimated $29,750 to $114,100. That covers the franchise fee and everything else needed to open, through the first months of working capital. It is one of the franchises under $30K.
Source: Marsh and Munar Team, LLC, 2024 filing, page 18
Co/LAB Lending franchise fee
The franchise fee is $30,000, Loan officers moving an existing book of business may pay the fee in monthly installments.. You pay it when you sign the franchise agreement.
Source: Marsh and Munar Team, LLC, 2024 filing, page 12
Royalty and ongoing fees
| Royalty | 6% of gross sales, paid monthly. |
|---|---|
| Brand or marketing fund | 1% of gross sales. |
| Replacement/Additional Training fee | Currently, $285 per person per day. |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: Marsh and Munar Team, LLC, 2024 filing, page 13
Other fees as filed, from page 13. The filing lists every fee, including late fees and audit costs.
Sales and earnings
No figures Co/LAB Lending does not share sales or profit figures for its locations. Talking to current and former franchise owners is the usual way to learn what a location earns.
Source: Marsh and Munar Team, LLC, 2024 filing, page 42
How Co/LAB Lending compares
Of the 324 business services franchises on this site, Co/LAB Lending is the 42nd cheapest to open and the 261st largest by number of locations.
| Figure | Co/LAB Lending | Typical business services brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $30K | $77K | $222K |
| Cost to open, high end | $114K | $136K | $477K |
| Franchise fee | $30K | $45K | $40K |
| Royalty | 6% | 7% | 6% |
| Brand fund | 1% | 2% | 2% |
| US locations | 1 | 32 | 21 |
| Shares earnings figures | No | 187 of 324 | 2,147 of 3,352 |
Typical is the median across the 324 brands in business services franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned | Opened | Closed |
|---|---|---|---|---|
| 2021 | 0 (0) | 1 | 0 | 0 |
| 2022 | 0 (0) | 1 | 0 | 0 |
| 2023 | 0 (0) | 1 | 0 | 0 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
More in the guides: franchise failure rates.
Source: Marsh and Munar Team, LLC, 2024 filing, page 43
Who owns Co/LAB Lending?
Co/LAB Lending franchises are sold by Marsh and Munar Team, LLC. Its filing names no parent company.
From Marsh and Munar Team, LLC’s 2024 filing, page 8.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | None. The filing says no litigation has to be disclosed. |
|---|---|
| Bankruptcy | None. The filing says no bankruptcy has to be disclosed. |
Franchisors must disclose lawsuits and bankruptcies involving the company, its parents and affiliates, and its executives. Many cases are routine disputes with franchisees over fees or contracts; read the descriptions in the filing and ask current owners about anything that worries you.
Source: Marsh and Munar Team, LLC, 2024 filing, litigation on page 12, bankruptcy on page 12
Co/LAB Lending filings
The figures on this page come from Marsh and Munar Team, LLC’s 2024 filing, issued March 11, 2024, on record with the Minnesota Department of Commerce.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2024 filing | March 11, 2024 | Minnesota | Costs, fees and locations, 2021–2023 |
Each link opens the filing as a PDF. See the newest filings across all brands.
