Any new entrepreneur will have a big decision to make from the outset of their business ownership journey. Do they set-up a brand-new business from scratch or do they look at buying a franchise. The following are what we see as the key benefits for purchasing a franchise: The business model is already proven to…
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…
read moreOne of the first items we recommend for any new franchise (and in fact any new business) is to ensure that you have a healthy cashflow. There will always be some form of expenditure that has not been budgeted or accounted for so having a safety net in the form of available cash is vitally…
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