November success story This month, NGI Franchise Funding is proud to highlight a successful funding solution for a domiciliary care franchise launching its operations. The need: Funding for startup costs Our client, a new domiciliary care franchise, required £70,000 to cover essential startup costs. This funding was critical to enable the business to establish operations,…
read moreAsset finance is a powerful tool for franchise businesses looking to expand and enhance their business. By leveraging various forms of asset financing, franchisees can acquire essential equipment, vehicles, and technology without significant upfront costs. Here’s a detailed look at how asset finance can facilitate growth for a franchise business: Enhancing operational capacity Equipment leasing…
read moreRunning a successful franchise can be incredibly rewarding but in order to maintain maximum efficiencies you have to rely on high performing equipment. For example, if you have a fast food outlet you need fridges/freezers, cooking equipment, tills with the latest technology, screens, comfortable and hygienic furniture, air conditioning and ducting. Or if you provide…
read moreOne of our most popular services is business planning. Our team is made up of ex banking professionals who have spent their entire careers evaluating and appraising business plans and financial accounts. Often unseen by the public eye, we felt it was important to give them the spotlight so that everybody can understand and appreciate…
read moreHere at NGI Franchise Funding, we assist with the funding and development of business plans for both prospective and existing franchisees. The following are what we feel are the ten most common financial mistakes made by franchisees: 1 – Ensure you have the right amount of funding Any new franchisee will need a healthy bank…
read moreWhen exploring the finances required for a new franchise people will often only look at what the total investment is for the franchise purchase, many will forget to include working capital, ongoing fees and VAT. Clearly defining the correct amount of working capital required for any new franchise is crucial to its success. If you…
read moreAsset finance is a lending facility that will enable you to purchase business assets (e.g. machinery, equipment and vehicles) without having to pay for them upfront. It is ideal for both new and established franchisees who need to purchase operational machinery or equipment but don’t necessarily have the cash readily available or would prefer to…
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