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Will a franchisor assist me in securing funding for the business?
Most well-established franchisors, whose own business and those of its franchisees have a track record of successful operation, will have made the franchise sections of the major banks aware of their franchising offer. The banks then take a view on whether or not in principle to lend to new franchisees for that system, and put in place a procedure for the franchisor to introduce candidates to them. The most important part of the process, once the franchisor has satisfied themselves that a candidate is likely to be able to run one of its franchises and has sufficient collateral to obtain the required funding, is for the franchisee to complete a business plan, usually with some guidance from the franchisor or a third party, and submit this for the bank to consider. Even if you don’t need to borrow money to acquire and run your franchise, it’s a good idea to discuss your proposed venture with your bank because they can get a view on the system in question from their franchise section. It may be that they wouldn’t lend on it anyway - in which case that’s a warning to you to steer well clear.
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Exciting Franchise Opportunities
Companies to Consider
Return of initial investment
£400,000 - £500,000 revenue with £40,000 - £65,000 profit
35% to 40% profit, depending on the business model
Operational breakeven in the first month of trading and return on capital investment from approx.18 months
In house and high street banks
Cash positive from month 1
Stagecoach Performing Arts
Burger & Sauce
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