Category: The Financial Side of Franchising

Once you have gone through the traditional methods of financing the next thing you will want to consider is going with an angel investor. An angel investor is a person or group of people that offer funds for the startup of your business and in turn they have a direct role with your business.   […]

Many franchisors have programs to make number crunching easier on you. This can include point of sale programs for the front of the house and accounting and payroll programs for the back of the house. While these can be very helpful, your investors and lenders will still want to see the projected income and cash […]

A business plan is essential for the success of your franchise. No matter what route you are taking for borrowing money or simply getting through the approval process for your franchise, you will need to have this information.   The First Step to a Franchise Financial Plan When creating your business plan, make sure you […]

If you are trying to get a better understanding of how much it will cost to set up your franchise, then there are several aspects that will come into play. This is why it is helpful to understand what you may encounter. Keep in mind that there may be other fees and costs that you […]

Before you start the process to franchise ownership, the first thing you want to do is take a look at your finances. For some people this can be sombering. For others you may find that you are in a better position than you originally thought. Some things to remember here are do not cut corners […]