You Have Options for Financing Your Franchise
Funding doesn’t have to be a barrier for you to grow your franchise. There are lots of financing options available when you are starting a franchise or improving your system, and the experts at AFI can help you navigate those options.
How Much Does It Cost?
First things first, how much does it cost to grow your franchise? The simple answer is not as much as you would think. Expanding through franchises is almost always less expensive than opening new corporate-owned locations because you can rely on your franchisees – who are motivated by their investment to succeed – to front much of the cost.
That isn’t to say that starting a franchise is cheap, either. To do it right, you will need to invest time and effort in your system , but when all is said and done you can reap the rewards of a growing brand. Add to that the satisfaction that comes from making your franchisees’ entrepreneurial dreams come true, and you can see that there is a lot of value in franchise growth.
If you are looking for funding for your business’s growth, the first thing you should do is come up with a business plan. This is something that you can show prospective investors to demonstrate where their money will go and how it will grow. Writing a good business plan is not only incredibly useful when you are looking for funding, but it can also act as a road map when you are executing your franchise growth.
Don’t go thinking business plans are just for those who are starting a franchise! Even if you are already a franchisor, a business plan can give structure to your plan as you grow your brand and improve your system.
Complete our FREE franchise growth assessment to find out how AFI can help you grow.
When you’re finding financing options for your franchise growth, there are a lot of places where you can turn. Qualified businesses may be able to fund their growth with one of Accurate Franchising, Inc.’s financing partners, who work with our clients to find the financing options that fit their needs and goals.
In addition, you may go to your existing investors and/or board members to find out if they are interested in investing further in your company. This is a group that has seen your business’ success, so they may be interested in benefiting from a return on their investment as your company continues to grow.
Other financing options may include traditional bank loans or SBA loans, friends and family, crowdfunding, savings, investments, and many more. There is no shortage of ways to fund your business’s expansion, especially when you are working with the pros at AFI to make it happen.
It is time to get started! Get in touch with us to talk with one of our franchise consultants about growing your business.
blog / latest news
Your lines are out the door, your demand seems endless, and you’ve crushed your bottom line each quarter. Expansion for your brand could be on the horizon, and now the question has emerged: do you franchise your business or maintain full ownership of your additional locations? As a franchise development company, we have evaluated the…Read more
While hiring a consultant to go over your business strategy might be insightful, it’s hard to feel confident that a one-time strategist is fully aware of the message of your brand. Through detailed evaluations and expert-level instruction, Accurate Franchising, Inc. is bringing a new standard for brands discovering how to build a franchise. Let’s take…Read more
Whether you are a food and beverage fast-casual style franchise or a home improvement business, standing out from the competition is crucial for learning how to create a franchise system. When you franchise your business, you’re going into the process with the goal of reaching the masses. Therefore, establishing a unique brand message and service…Read more
Whether you’re an established franchisor or are leading an up-and-coming franchise brand, having a great franchise disclosure document (FDD) is crucial. The FDD is a valuable asset to you, your franchisees, and anyone who is considering becoming a franchisee. Accurate Franchising, Inc. was founded by experts with decades of experience in the franchising space, and…Read more
There are lots of great reasons to partner with Accurate Franchising, Inc. for franchise development services. Whether your franchise brand is large or small, well-established or just starting, we have the resources and the expertise to help you bolster your franchise offering. Read on to learn about just a few of the valuable services we…Read more
So you’ve started a business, and now you’re ready to expand. There are a variety of different ways to go about building a business empire, and franchising is one of the best. If your profits are soaring, your employees are happy, your productivity is high, it’s probably time to start thinking about expansion. Sure, you…Read more
Creating a new franchise brand without any advance research clearly isn’t advisable, but you might want to dedicate more time to it than you initially thought. Thoroughly understanding demographics, including not only your target consumers both at home and abroad, but also the traits that make up your ideal franchisee, will go a long…Read more
Perhaps the most important part of franchising is developing an infrastructure that is accessible to potential franchisees, and easy for them to understand. This means giving franchisees a clear idea of what to expect financially, creating valuable resources for them to use, and a built-in support infrastructure that helps them along the way. When…Read more