There 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 moreAny successful franchise will need to embrace growth periods. When success has been achieved and the franchise is performing well it can be easy to relax and settle with what you have. However, a franchise should actually embrace the growth periods and keep pushing for future growth, why stop when business is good, instead make…
read moreSometimes, to assist with working capital, there will be a need to quickly secure a loan for your franchise. With so many lenders available it can be a minefield knowing which direction to turn. Preparation in these situations is key to a successful application. Prior to securing the funding there are considerations that a franchise…
read moreApplying for a franchise loan can be complex. However, there are some very simple steps you can follow before completing the application, which if undertaken can really assist with a successful outcome. Early accounting – keep all your important financial accountancy commitments up to date and whenever possible try to file your annual accounts early.…
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…
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