What-Franchise-Issue-20.1

Cactus Jacks INVESTMENT: £80,000 The casual dining restaurant has aimed to minimise the upfront costs that come with launching an eatery by providing an asset funding arrangement. This means you can finance kitchen equipment, as well as bar and front of house requirements, while you focus on paying the initial franchise fee. Forward Thinking INVESTMENT: £40,000 +VAT The lettings agency’s payment plan comprises: £10,000 to secure your region, £15,000 four weeks prior to the PR launch of your business, £7,500 on your business’ first anniversary, and £7,500 on your business’ second anniversary. There are also no royalty fees during the first three months. Snap-on Tools INVESTMENT: £113,000 The tools manufacturer has an in-house bank called Snap- On Finance which offers business loans. Franchisees are required to have £15,000 plus working capital and Snap-On Tools with cover the remaining balance with a ten year interest-bearing loan, with no repayment for three months while launching. Anytime Fitness UK INVESTMENT: £455,000+ The gym franchise partners with banks to help franchisees secure loans that typically cover up to 70% of franchise costs. In addition, it has partnered with asset lenders to enable gym equipment to be financed while you focus on other costs associated with launching your business. Little Voices INVESTMENT: £11,500 The children’s performing arts school offers franchisees a payment plans which involve paying the franchise fee with a deposit, then making instalments over two, three, four, or five years. The franchise has also developed a relationship with a bank to support with start-up loans for franchisees. Swimtime UK INVESTMENT: £20,000+VAT If you’re able to raise 80% of the funding required, the swim school franchise offers the option to borrow the remaining 20% from the company. You can pay this back interest-free over a pre- agreed period via increased levies or a set monthly amount (subject to status). INVESTMENT: £290,000 The burger franchise has an established partnership with HSBC which can help you to secure up to 50% of the initial investment cost. It is also finalising agreements with another leading franchise bank, alongside finance brokers. The franchise has been particularly cognitive of the economic strain on business owners and has factored this into its ongoing franchisee support. This includes optimising operations for efficiency, negotiating competitive supplier rates, introducing a loyalty programme as well as seasonal menu items, and enhancing marketing campaigns. The goal here is to lower the barrier to entry into URBAN Fresh Burgers & Fries. URBAN Fresh Burgers &Fries “Prospective franchisees can benefit from structured lending options with clear terms that reduce the risk of financial strain” – ZerinKent, operations director, URBANBurgers &Fries 58% HAVE USED EXTERNAL FINANCE IN 2022, INCLUDING LOANS, EQUITY FUNDINGAND GRANTS 17 WHAT-FRANCHISE.COM 50 Funding Pl ans | PARTNER CONTENT