It's easy to assume that because you're buying into an established franchise brand, the hard work of understanding your market has already been done for you. Thorough local market research is one of the most important ingredients in both a successful funding application and a thriving franchise business. Why lenders want to see market research…
read moreFor new franchisees, securing funding is often the biggest hurdle on the path to ownership. Whether you’re seeking a traditional bank loan, franchisor financing or government-backed support, one document will play the starring role - your business plan. But what exactly do lenders look for in a franchise business plan and how can you make…
read moreEntering into a franchise agreement is a significant step that binds both a franchisor and a franchisee in a legal relationship. Understanding the intricacies of this agreement is crucial for a successful partnership. What is a franchise agreement? A franchise agreement is a legally binding contract between a franchisor (the owner of the brand) and…
read moreAcquisition finance is a form of funding that can greatly benefit the growth of any franchise business. As the name suggests it is a financial solution which allows a franchise to purchase another franchise for business growth purposes. There are many reasons why an acquisition can benefit a franchise business: Market - by investing in…
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