“We chose Marston’s because it was one of the most affordable franchises going,” explained Kevin. “In fact, the whole package of support was simply unbeatable.”
Kevin and Lesley briefly looked at other franchising possibilities, but it didn’t take long to decide on Marston’s. “The other pub franchises simply couldn’t compete,” said Kevin. “The capital they wanted up front was way too high compared to Marston’s, so not only was this more affordable, it probably made the decision easier for the bank, too.”
“This is obviously a huge milestone for us,” commented Dave Price, Marston’s Franchise Operations Manager. “Lending to people within the pub industry has historically been viewed unfavourably, but our Franchise model has a much lower level of risk and this is a great vote of confidence from a big player within the banking industry.”
Now that the precedent has been set by the RBS, we are hopeful that it will lead to more franchisees being able to secure funding.
“We already have a number of great people who are interested in running a franchise with us,” Dave added. “So this is an excellent arrangement to enable them to do so.”