Taking on a franchise for the first time is an exciting step, but the financial side of things can catch even well-prepared people off guard. Many of the challenges first-time franchisees face aren't down to a lack of effort, they're down to a lack of financial experience. Here are some of the most common mistakes…
read moreLearn how franchisors may offer or influence funding support and what this means for you. Starting a franchise is often seen as a “safer” route into business ownership compared to starting from scratch. While the franchise model reduces risk, it doesn’t remove one of the biggest barriers entirely: funding. The good news is that franchisors…
read moreExpanding from a single franchise location to multiple sites is an exciting milestone, but growth comes with financial challenges. Securing the right funding can mean the difference between sustainable expansion and overextending your business. Understanding your options and planning strategically ensures that each new location thrives from day one. Here’s how to get started: Assess…
read moreEffective financial management is crucial for the success of a franchise business. Implementing best practice ensures profitability, sustainability, and alignment with the franchisor's standards. To successfully manage finances, there are several best practices which should be followed: Budgeting and business planning Be realistic with budgeting and build a compelling business plan. Develop comprehensive budgets that…
read moreAny business needs a business plan but it is important that this is fluid, it needs to be adaptable to change. For a franchise there are a number of variables which need to be taken into account when growing a successful brand, therefore having fluidity in the business planning process is a must. Let’s explore…
read moreThere are several excellent finance solutions available for businesses and entrepreneurs operating in the franchising sector. The most popular choices are secured loans, unsecured loans, working capital loans, asset finance, invoice finance, stock funding and start-up loans. Every franchise need is different which is why it is important to have several options available. Our franchise…
read moreA 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 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 more
