Franchise opportunities UK – with comparethefinancialmarkets.com
Every new business requires capital; to buy equipment, set up a workplace, advertising marketing etc. For UK Franchise opportunities it’s no different – from buying the licensing rights to the franchise, to covering the business set up and operating costs.
Franchise opportunities UK – specialist banking options
There are many UK franchise opportunities open to investors who have upward of £350,000. If you are looking to finance your franchise business, a franchise specialist bank is the best option. They assess UK franchise opportunities, evaluate franchises, and monitor the ongoing performance of franchisees. Preferential terms are often available, particularly for well-established and proven UK franchise opportunities, whereas banks without franchise units ordinarily treat franchises in the same fashion as a new, independent start-up enterprise.
Franchise opportunities UK – level of finance
The level of finance available from a franchise specialist bank will rely on the strength of the franchise – and your business plan. For an established franchise, a bank will typically lend up to 70% of the total start-up expenditure, including working capital. Less proven UK franchise opportunities can expect less. The bank will almost certainly require security for the loan, usually a residential property with sufficient equity.
Franchise opportunities UK – other methods of finance
For investors who lack the prerequisite security, the Government-backed Enterprise Finance Guarantee Scheme supports UK franchise opportunities, but only with the support of a strong business proposal. A bank’s Franchise Unit can discuss whether you qualify for finance under this initiative. Banks will require a strong business plan to consider financial support for your franchise. You must be able to demonstrate an understanding of your chosen market, and the ability to meet the financial commitment you are undertaking.
There are thousands of UK franchise opportunities available, so careful consideration is a must.Talk to the experts. Apply online now.
As with any business start-up, adequate finance is required, not to mention an in-depth knowledge of the sector, and the potential pitfalls and stumbling blocks. Thorough research is an absolute must and professional advice is invaluable.
At Compare the Financial Markets we understand the franchise business and can provide the information you require to make a success of your franchise choice.
Enter your details below to find the right franchise opportunity for you