Franchise Loans: helping you start up an established business

Starting your own franchised business can reduce risk - because you have the support of an established franchisor and a proven business model. The rewards can be substantial. But opening that franchise and securing those rewards will mean a substantial upfront investment. Fortunately, there are solutions to deal with the costs involved and, at Rangewell, we can help you find them.

What are the costs of taking on a franchise?

The costs will vary from one franchise to another.

Most will include a substantial initial franchise fee. There may be advance rent on premises and shop-fitting costs, equipment purchases, initial stock, and possibly vehicle costs. There will be working capital and promotional costs.

The total expense of taking up a franchise will vary according to the nature of the business and the size and location of the premises. You could invest as little as £20,000, or as much as £500,000. These figures will be just the beginning. There may be a monthly fee and additional expenses to consider once you are up and running, especially in the crucial first few months of operation.

You will also need to think about cash flow going forward to cover simple things such as day to day expenses.

At Rangewell, we can help you find the funds you need as quickly and painlessly as possible.

How Rangewell can help you become a franchisee

Few people have the funds to take on a franchise as cash. Conventional business lenders, such as banks, may not be able to help, as your business is technically a start-up, lacking a business history.

A specialised Franchise Loan package may be essential.

At Rangewell, we know the specialist lenders who can help with purpose-built Franchise Loans. They will look at your experience, your business proposal and the potential of the franchise you have chosen - giving you the chance to benefit from the expertise of their franchise team, as well as the finance you need.

Simply call us to discuss your plans.

Thinking about a Franchise Loan?

You’ll need to answer some key questions:

• What is the total you need to borrow to take on the franchise? Your franchisor may be able to help establish the figures.
• How much can you contribute yourself? Having your own funds in the business can help show lenders you are committed.
• What security can you provide to back up your borrowing?
• How long do you need to repay the loan?
• What are the potential profits? Is the level of investment you need justified? Can you recover the money you have put into it, repay a loan and still see a profit?

How Rangewell can help you find the Franchise Finance deal you need

If you are considering a franchise, getting the necessary finance in place is vital, and needs to be arranged as early as possible.

We believe that it should actually be one of your first steps if you are considering a franchised business.

At Rangewell, our team of business finance experts have an in-depth understanding of the levels of funding required by many of the major franchise providers.

They may be able to explain the sums involved even before you have settled on the franchise you want. They can certainly use their expertise to find you the most appropriate lenders, and to help you secure the funding to support your plans.

Let us find the Franchise Finance you need

We’ve helped many of our clients find the finance they need to take on the franchise they want – and go on to run highly successful businesses. Find the financial help for your new venture with the help of Franchise Finance or new business loans. 

Call us now to see how we can do the same for you.