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.
What options do I have when it comes to financing my franchise?
If you have the funds, the first option is simply to put all your own money into the venture and finance it entirely yourself, or get an investment partner, maybe a friend or relation, who will also introduce some funding. However, even if you can do this it is essential you prepare a business plan and funding forecast to make sure you have taken everything into account and, since your business will need a bank account however you decide to fund it, you should run the plan past your own local business manager at your current bank. That way they will know something about your business, and if in due course you find you need to borrow extra funds for an overdraft it will be easier to have that conversation.Most franchisees, however, borrow from one of the banks that have specialist franchise units, not least because the latter will have built up knowledge of the franchisor in question and can therefore guide you away from the sort of franchisor who, possibly because of the low investment required and the doubtful nature of its offer, discourage their potential franchisees from getting objective advice. In the early days of setting up any business, especially if you have never done such a thing before, the advice available from your bank is invaluable, so I would say your only real option is to see how they can help.
You might also be interested in
Answered by Vincent Anthony
Vincent Anthony writes: The property market has wide appeal because it is relevant to everyone: we all... read more
Answered by Louise Harris
Louise Harris writes: Richness or wealth is relative. We always want more, I guess. So, what is... read more
Answered by Shelley Nadler
Shelley Nadler writes: A concern that businesses may have when deciding to franchise their business, is the... read more
Answered by Alan Wilkinson
Alan Wilkinson writes: There are two elements to consider here. First is the franchise fee itself, and... read more
Exciting Franchise Opportunities
Companies to Consider
The Little Foxes Club
Discussed at interview stage
Pasta Dreams by Jamie Oliver
Taster-funded marketing and training costs
Dooh Ponto – Portuguese...
£72,000 with an operating profit of £38,000
From £18-20,000 per week. First year R.O.I 40%
Third party through banks
Discussed at interview stage
Get expert franchising news delivered straight to your inbox
Franchise news, advice and new opportunities delivered weekly.
Must Read Articles
Added 3 years ago | 2 min read
Added 3 days ago | 2 min read
Added 6 days ago | 2 min read
Find your next business opportunity
Search 100s of UK franchises and become your own boss today.
What Franchise Newsletter
Keep up to date with all the industry news