What-Franchise-Issue-20.1

INVESTMENT: £60,000+ The dessert franchise has established partnerships with financial brokers and banks that can provide asset finance. Additionally, it has negotiated interest free credit with some of its appliance suppliers to support franchisees during this challenging financial period. The brand recognises the responsibility that comes with franchisees investing their money, especially in during an economic crisis. In response it has created ongoing support, with business plans, sales forecasting, and cashflow. Lowering the barrier to entry has been critical to growing Kaspa’s Desserts network further, and it plans to roll out more initiatives to help entrepreneurs from lower income backgrounds. Kaspa’s Desserts BabyBeats Global INVESTMENT: £6,995 The children’s yoga and sensory franchise has a payment plan to provide franchisees the breathing space they need to launch their business and sort out their finances. This means you can split the franchise fee into equal monthly instalments paid over a period agreed with the franchisor. Red Air Media INVESTMENT: £16,000+VAT The franchise, which provides thermal imaging, 3D models, data capture, film as well as architectural surveys, can provide payment plans to franchisees. You can pay the initial deposit up front and the remaining balance in monthly instalments. You will also need to pay for your GVC pilots licence. Pop Up Play Village INVESTMENT: £10,500 The mobile children’s role play service provides a few payment plans to support its network. These include franchisees paying 10% to secure their territory for a year, while making monthly instalments; or paying 50% for the kit to be purchased, with the rest paid in instalments over six months. We Love Pets INVESTMENT: £12,995+VAT The pet care franchise has a pre-approved loan arrangement with a government-backed lender. Franchisees can receive a loan for the franchisee fee, paying the remaining cost in £300 monthly instalments. The franchisee is required to have working capital in addition to this. Driver Hire INVESTMENT: £70,000 The recruitment agency is able to provide financial support via in-house loans to those buying a territory where Driver Hire is the seller or launching in a vacant territory. For example, the business loaned Torbay franchisee, TomWilliams, 50% of his purchase funds in 2021, enabling him to launch. Chrysalis Partners INVESTMENT: £39,950 The business coaching franchise has a relationship with NatWest, which can offer a loan covering up to 75% of franchise fees and first year expenses. It can also offer a repayment holiday to aid with cashflow, a separate loan to cover VAT, as well as access to a finance house for faster fund availability. “We’re talking about the service and protection of the new franchisee. It’s absolutely of paramount importance” – JulieMcLaughlan, head of franchise development at Kaspa’s Desserts 91% ACHIEVE PROFITABILITY AFTER TWO YEARS 54% OF GOV START UP LOAN APPLICATIONS WERE APPROVED IN 2022 £2bn WAS RAISED THROUGH CROWDFUNDING IN 2022 18 WHAT FRANCHISE Issue 20.1 50 Funding Pl ans | PARTNER CONTENT