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Planning and Paying |
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By now, you might be asking yourself how on earth you’re supposed to pay for this. It’s true that a good share of the start-up funds will come have to come from your available capital, but there are ways you can raise money for your initial investments.
Banks are generally quite willing to lend money for franchising. Franchises, unlike other business ventures, are quite stable because you’re working with a proven business plan. You can already demonstrate that your business has been successful in one area, and you’ve established yourself as a reliable businessperson. For these reasons, banks like
franchisers. They are a relatively secure investment, and you will probably have no trouble getting a bank loan.
Banks do want to see a business plan, however, so you have another document to deal with here. Business plans are like the sales prospectus but with all the unimportant information stripped away. Banks want to know how your business is doing financially, how you plan to continue that, what you think your profit will be from the franchise, and how the franchise will work. They don’t care about your company’s history or product; they are in the business of finance, and that’s what your business plan should address.
Some things to include in your business plan are: |
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| Anticipated costs and spending (give a conservative estimate here: remember, your goal is to make your business appear a worthwhile investment). |
| Cash flow forecasts |
| Evidence of past financial successes |
| Evidence that you’ve planned for the future and have a financial base to fall back on (i.e., that you’re not going to default on your loan) |
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| As stated, franchises are generally secure investments, and banks will be happy to assist you. Obviously you should avoid loans as much as possible, but starting a franchise can require a significant amount of start-up capital, and you may need the assistance. |
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How To Franchise Your Business Info Guide |
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Claim your FREE franchising consultation now
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Request a FREE 'Opportunity Analysis' with one of our experienced
business franchise consultants. During the analysis Franchise My Business will uncover the opportunities that exist within your business.
The detailed report will contain: |
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| Suitability for franchising |
| What you can charge for your franchise |
| The process explained |
| List changes needed to the business to enable successful franchising |
| Market analysis |
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No sales pitch - just good honest advice |
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Call 0845 020 4368 to book your free consultation |
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Our Fees
As you have seen franchising your business will generate a lot of additional cash. This option is also the quickest way to build a very profitable and high value business.
HMA Business Growth Solutions will complete 95% of the work involved in franchising the business. We will cover all legal costs (approx £5K), provide all the marketing material needed and provide a complete plan to recruit franchisees. We will also provide ongoing support and changes to the franchise system as required for a period of three years.
* £9995 + vat payable in 4 monthly payments (£2498.25 + VAT per
month).
This is a heavily discounted rate - we prefer to make the mass of
our fee by linking our fees to your success.
In addition we will: |
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| Advertise the franchise |
| Qualify the potential franchisees |
| Meet all potential franchisees |
| Any franchisees that we feel are suitable will be invited to
meet with you. |
| Close the sale and setup all legal contracts. |
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In return for handling this process and incurring many costs, our
fee will be 20% of the franchise fee. This fee will only be
payable on success.
Isn’t that refreshing - A consultancy company that links payment
to performance.
The exciting part of our service is that it won't cost you a
fortune. We mainly work by charging a small project fee and
accepting a minor percentage of the increased profits that we
create for you. |
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| We like to share in the extra profits we make for you. |
| This makes us highly motivated to achieve major increases in
profit. |
| Plus—we guarantee that your franchise will be a success or
we’ll work for you for absolutely nothing until it is or we will
refund your investment.
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| We are not like any other consultancy company you've ever come across. |
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Remember - if we can’t increase your profits dramatically
We’ll work for you for nothing until we do.
The Business Franchising Specialists
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