RETAILERS looking to finance a franchise opportunity can often hit roadblocks, but although everything from rising staffing costs to Brexit can breed caution in lenders, financial consultancy firm Franchise Finance has struck an upbeat chords in suggesting there are plenty of options available through those that know how to find them.
Franchise Finance has suggested that in the current climate, it is crucial for retailers to consider multiple options including working with firms that specialise in helping businesses secure funds from lenders.
Chris Roberts, director at Franchise Finance said: “Undoubtely, lenders are open for business and ready to lend, providing the proposition being assessd has been thoroughly thought through and correctly presented.”
Services offered by Franchise Finance include assessing finance applications, introducing business owners to various lenders based on their circumstances, as well as offering access to a convenience sector lending fund.
The firm says are many notable advantages to investing in your store, including the following:
• Marketing/PR opportunity – A new look store is a fantastic opportunity to market your business to prospective customers.
• Increased profitability – The ‘buzz’ generated by store investment has been proven in the majority of cases to lead to a revenue spike and greater profitability.
• Improved look and customer experience – Give your store a new lease of life. A new fit out can absolutely transform the look and feel of a store, in some cases drastically enhancing the customer experience.
• A more diverse product offering – Invest in the latest profitable trends, such as food to go and in-store coffee machines. The impact of introducing these facilities is largely being recognised as hugely beneficial to profitability.