The information you submit via our enquiry form is shared only with the franchise business(es) that you have selected.

The franchise business will contact you by means of email and/ or telephone only to the email address and phone number you have provided.

By submitting the enquiry form you are consenting to send your personal information to the selected franchise business.

You also agree to receive further newsletter email marketing from What Franchise.

Close

Funding Your Franchise

Funding Your Franchise

Chris Roberts, director of Franchise Finance, offers some expert advice

Before you start searching for franchise finance, you first need to understand the total investment required, including all costs associated with the set-up of the business and the amount required for working capital, fees, VAT, etc.

In order to identify this, you need to prepare a detailed business plan with a full set of financial projections. You can then be clear how much of the total you can contribute and how much you will need to borrow.

Projections and forecast

The profit and loss projections will show the trading activity for the business, sales, costs and how much profit you expect to make. The cash flow forecast will set out the incoming investment from you and any finance, the set-up costs going out, the money coming in and out through the trading activity and VAT.

In simple terms, it’s a forecast of what your bank account will look like at the end of each month.

As it’s part of an application for finance, the business plan needs to include all the information required by the person who’s evaluating your proposal on behalf of the lender.

It should start with an executive summary, which will give a concise overview of the business opportunity and funding requirement. It needs to identify who the owners of the business will be and provide their personal information, including CVs.

You also need to include details of their personal assets (house, investments and savings) and liabilities (mortgages, loans, credit cards, etc).

The lender will want to see that your overall family income is sufficient to cover your overall family/household expenditure, taking into account the money you will earn from your new franchise.

The business plan should include information about the franchisor, the business model, how the franchisor will train and support you and how the products or services will be marketed. It should also set out your business objectives.

Credit score

Keeping your personal credit score in good shape is important. If you’ve not checked it recently, it makes sense to do this and deal promptly with any adverse issues.
It’s also likely that you will be required to provide your bank statements to evidence the fact you operate your bank accounts well and within any agreed borrowing limits.

If you follow these guidelines, you are likely to be able to successfully raise the capital you need.

 

 

Exciting Franchise Opportunities

No Letting Go logo

Start your own No Letting Go franchise

Profit Chart
Funding Support Available ? Help is available. Check out our franchising funds guide.

Yes

Find Out More
Expected Revenue After 2 Years

N/A

Request Free Information
Find Out More
No Letting Go logo

Request Free Information

Send a free enquiry to No Letting Go for further information!

By sharing your email, you're agreeing to our privacy policy, cookie policy and terms & conditions.
Stagecoach Performing Arts logo

Start your own Stagecoach Performing Arts franchise

Profit Chart
Funding Support Available ? Help is available. Check out our franchising funds guide.

Yes

Find Out More
Expected Revenue After 2 Years

N/A

Request Free Information
Find Out More
Stagecoach Performing Arts logo

Request Free Information

Send a free enquiry to Stagecoach Performing Arts for further information!

By sharing your email, you're agreeing to our privacy policy, cookie policy and terms & conditions.
Club 300 logo

Start your own Club 300 franchise

Profit Chart
Funding Support Available ? Help is available. Check out our franchising funds guide.

Yes

Find Out More
Expected Revenue After 2 Years

N/A

Request Free Information
Find Out More
Club 300 logo

Request Free Information

Send a free enquiry to Club 300 for further information!

By sharing your email, you're agreeing to our privacy policy, cookie policy and terms & conditions.
Thomas Cleaning logo

Start your own Thomas Cleaning franchise

Profit Chart
Funding Support Available ? Help is available. Check out our franchising funds guide.

Yes

Find Out More
Expected Revenue After 2 Years

£37,943 profit

Request Free Information
Find Out More
Thomas Cleaning logo

Request Free Information

Send a free enquiry to Thomas Cleaning for further information!

By sharing your email, you're agreeing to our privacy policy, cookie policy and terms & conditions.
Footlights Theatre School & Academy logo

Start your own Footlights Theatre School & Academy franchise

Profit Chart
Funding Support Available ? Help is available. Check out our franchising funds guide.

Yes

Find Out More
Expected Revenue After 2 Years

N/A

Request Free Information
Find Out More
Footlights Theatre School & Academy logo

Request Free Information

Send a free enquiry to Footlights Theatre School & Academy for further information!

By sharing your email, you're agreeing to our privacy policy, cookie policy and terms & conditions.
View all opportunities

Must Read Articles

View all Business Advice

What Franchise Newsletter

Keep up to date with all the industry news

Thank you, your sign up was successful. Please check your emails for a verification link.