In this funding report you’ll find detailed information on the various ways you can seek funding for your franchise venture, and what you’ll need in order to get finance. Every franchisor and franchisee is different, so it’s not possible to say here how much finance you’ll need or how much finance you will be able to get. What we can tell you is that finding funding for your franchise will require time and effort, diligent research and solid facts to support your application.
Choosing the right option for your franchise is paramount to success, as is knowing the implications of each source of finance for your business. With that said, here is what you’ll find in this guide to franchise funding:
• Costs involved in buying a franchise
What costs can you expect when setting up a franchise? From capital investment to fixed and on-going fees, here are some of the fees and costs you’re likely to encounter as a franchisee.
• What you need to seek finance
Before you embark on your search for funding, here are two vital things you will need to show any potential lender.
• Getting franchise finance from a bank
What you need to know about borrowing from a bank, including the types of finance available, and what lenders look for when deciding whether to lend to you.
• Other sources of franchise funding
If you don’t want to seek finance from a bank, here are some other avenues to explore, including grants, government schemes and private investors
• Auditel Case Study: finance from a franchisor
If you’re wondering how funding from franchisors works, or how some real life franchisees found funding for their business ventures, here are some case studies to browse.