Aspiring entrepreneurs considering investing in a Ringtons mobile tea and coffee franchise can do so for a cut-price £5,000, as a result of the company’s latest financial support offer to fledgling franchisees.
Ringtons has pledged to fund the remaining £10,000 cost of the business, which franchisees can repay through an increased monthly management service fee over four years.
“Some may see this as a bold move for the business, but in actual fact it’s the result of careful analysis of the network and the returns that existing franchisees have seen on their investment,” Jon Malton, managing director of Ringtons, explains.
“We’re confident in the business model and we’ve seen the proof for ourselves.
“Several of our franchisees who took out personal loans to fund their franchise fees have already paid them back in their first year of trading.”
In addition to the financial support offered, Ringtons gives franchisees 1,800 new customer orders as part of its standard start-up package.
It also includes an exclusive territory, in-depth training programme, £3,000 of stock, a three-month deposit on a VW caddie van, plus all the equipment needed to successfully launch and run the business.
“We’ve chosen to make our franchise as accessible as possible for as many people as possible,” Chris Clarke, Ringtons national franchise manager, says.
“We firmly believe that everyone deserves the chance to be their own boss and this is how we can help people achieve that dream.
“In my role I see first-hand that raising the finance required for a franchise fee can sometimes be daunting.
“This way we’re literally investing with you because we’re so sure of your success.”