The team at NGI Franchise Funding are driven to make a difference across the franchising sector. We support both franchisees and franchisors to accelerate growth. We do this through 3 specific areas of qualification, business planning and funding. Let’s explore these in more detail:
Qualification
The qualification process for a Franchise is a very important step, in essence it will quickly determine the suitability of any future franchisees. When a business decides to go down the franchising route, they will need to have a clear understanding of exactly what they are looking for in people who will be representing their brand. They need to develop a set of criteria which should include industry experience, skills, business understanding and sufficient resources.
By establishing the right qualifications from the outset, the introduction of new franchisees becomes a very seamless process and gives everybody a much better chance of success.
Our team will work with businesses who want to go down the franchise route to develop all the qualification steps. We can then assist with the reviewing of future candidates, making sure potential suitors can meet the required guidelines.
Business Planning
Having direction is vital when navigating down the route of franchising. This is where the importance of business planning should not be overlooked. A business plan will clearly document what strategies need to be developed along with recognition of what both the short-term and long-term goals should be.
Alongside this, a shorter more condensed plan will be required by franchisees. Again, this will demonstrate the policies needed to be adopted along with activities to be undertaken in to achieve success.
The NGI team have a dedicated team of experts focussed on working with franchisors to develop ‘lender friendly’ business plans.
Funding
Throughout the lifespan of a franchise business there will be many stages of development. The one constant will be the need to have a healthy cashflow. This is incredibly important at the start-up phase but also during growth phases. Having access to business finance, when it is needed, should not be overlooked.
The same can be said for franchisees. Typically, they will need funding at the start of their journey into business ownership and again to facilitate future growth plans.
Our team of funding experts have over 25 years of arranging business finance for the franchising sector. We understand exactly what is required, can quickly problem solve if required and can match both franchisors and franchisees to the right funding companies.
To find out more about how we can help please feel free to call us on 01993 706403 or e-mail hello@ngifranchisefunding.co.uk.