A business plan is incredibly important. It should demonstrate how a franchise will make money, how growth plans will be facilitated and what the business will look like in the next 5 years. In a checklist, a business plan should include: Description of what the franchise will be doing How success will be achieved What…
read moreThe 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…
read moreBusiness continuity and growth is a must to develop a successful franchise company. One of the most important elements is maintaining excellent working capital. The key difference between a successful and a struggling franchise is the management of its cash, having a positive level of cashflow is a must. Working capital is the spare money…
read moreThere are 3 key scenarios with a franchise buyout. The first is an entrepreneur wants to step into the world of business ownership and decides to adopt the franchising model so purchases an existing and well-established franchise from the existing business owner. Secondly, two business professionals may have initially started a partnership and invested in…
read moreIt was an incredibly beneficial 2 days for the NGI Franchise Funding Team who were in attendance for the first time at the National Franchise Exhibition at the NEC on Friday 6th and Saturday 7th October. Networking with similar like-minded business professionals we had many positive conversations. As well as receiving lots of interest in…
read moreWith a little over 2 weeks to go until the National Franchise Exhibition our team are all set and looking forward to meeting all the delegates and fellow exhibitors. It will be a busy 2 days of workshops, presentations and seminars. We will also be hosting the Finance Clinic where delegates can come and seek…
read moreThe NGI Franchise Funding team are delighted to be exhibiting at the National Franchise Exhibition which will take place at the NEC, Birmingham on 6th and 7th October. Our attendance at the show will allow us to showcase both our business finance and business planning solutions that have been designed solely for the franchising sector.…
read moreAny franchise business that has a variety of different pieces of equipment will face regular challenges in trying to keep them up to date, operating efficiently, conforming to the latest technologies and ensuring optimum productivity at all times. The cost to purchase new equipment though can be prohibitive and this is where equipment leasing can…
read moreWhen a franchise is looking for some external funding, the traditional approach will be to contact the local bank or to try and source a business loan. However, there are a number of different options that could be more suitable. Let’s explore these in more detail. Working capital loan – a universal funding solution which…
read moreMore and more people are wanting to step into the world of business ownership but for many it simply just remains a desire, with only the bravest actually taking the leap. Often it is questions such as, what business can I create? How am I going to make money? How will I get new customers?…
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