Home – New Forums Starting your journey Starting a Franchise in Townsville Reply To: Starting a Franchise in Townsville

#1013752
Richard A
Member
  • Total posts: 92
Up
0
::

A good idea would be to speak with the head franchisor, as they have probably had other franchisees who have had to finance and they should be able to recommend a bank that understands their franchise model. I understand that many franchisors align themselves with a financier who has taken the time to learn their business model.

Alternatively, you could always approach the franchisor to fund you, particularly if they are looking for market presence in your area! There are a million ways you could cut this, but I would suggest maybe approaching them with funding plan showing a buy out of the loan by you in years 3 or 5 at a premium multiple. You may be lucky and get this unsecured, but I cant see it happening.

Richard