Finance to Buy a Franchise

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Finance to Buy a Franchise

There are a number of Government and private lenders that provide finance to buy a franchise. Lenders consider this to be a relatively safe lending opportunity, depending on the franchise. The reputation of the franchisor is vital, so it is important to make sure that you are negotiating with a reputable franchisor that is registered with the Franchise Association of South Africa (FASA).

Lenders will do their own investigation to evaluate the franchise opportunity and determine how well known the franchise is, whether your chosen location is likely to be successful, what level of exclusivity is provided in terms of location, the level of support and marketing to be provided, and the average income earned by franchisees.

In most cases they also expect you to contribute your own money towards the cost of buying the franchise and will expect you to have the skills and commitment to grow the business.

Most lenders require you to already have a letter of approval from the franchisor before you approach them for funding.

To find out more about which lenders provide franchise funding, visit https://www.finfind.co.za/ to answer the questions, after which the system will show you a list of potential franchise funders that match your needs.

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