The decreasing cost of borrowing presents a unique opportunity for aspiring business owners – especially with the helping hand from a FASTSIGNS franchise.
If you dream about taking charge and building your own business, what’s holding you back? If a FASTSIGNS franchise has helped you tick all the boxes for a great opportunity – a proven business model, superior products, great training and support – what’s stopping you from taking the next step?
In our experience, one of the biggest obstacles aspiring franchise owners face is feeling confident about their finances. Starting any business can be an expensive endeavour, however, joining a franchise like FASTSIGNS can be a great deal more cost-effective than starting your own business from scratch. We’ve launched more than 780 franchise businesses and can give you a good idea of how much it could cost to launch your franchise with us. Expenses we account for include setting up your production centre, hiring staff, and having enough working capital behind you to thrive in your centre’s early days, weeks and months.
With the total cost of our franchise opportunity being approximately £150,000, unless you’re lucky enough to have substantial funds already in the bank, or sizeable assets to borrow against, we appreciate how raising these funds could be a daunting prospect!
However, it could be easier than you think to access finance that allows you to step into the role of business owner.
Approaching a lender to borrow money to launch a new business can be challenging. Banks will want to see your idea and see that you have a detailed business plan, as well as understand how financially viable the venture is. As an individual looking to start something completely new, this can be incredibly difficult.
After all, most new businesses simply don’t make it past their first few years. Banks know this all too well, so persuading them to lend an individual 10s of 1000s of pounds is tough.
Silver lining in franchising
When considering franchising, the first thing in your favour is knowing banks and lenders understand the industry. They are usually more comfortable to see you planning to join a franchise rather than go it alone. Well-established franchises, like FASTSIGNS – which has a proven business model and a substantial global network of successful franchise operations – represent the closest thing to a safe bet. But there’s even more that we can do to help you.
We’ve also forged a very fruitful relationship with a high calibre asset finance company, White Rose Finance, who offer our prospective franchises a preferential rate on spreading out their investment – especially now, when interest rates are coming down. They’re keen to support anyone interested in joining FASTSIGNS, as they’ve seen time and time again how we can help people succeed.
Learn from others like you
Yaser Khan, owner of FASTSIGNS Leicester North franchise, is a great example of how the right financing solutions helped turn dreams of business ownership into a reality. It was clear early on in his discovery journey, Yaser had huge potential, but he didn’t want to be lumbered with hefty repayment terms for his upfront investment, especially during the critical early days of his new enterprise.
Yaser Khan (middle, top), at Wrapfest UK
With our help, he was able to negotiate a great loan, which allowed him to achieve his goals, but also left him with enough flexibility to focus his resources where it mattered most: growing his new business. Today, FASTSIGNS Leicester North is thriving, having received the start it deserved, thanks to the financial help White Rose Finance offered.
The important takeaway from a story like this one is: if you really want to succeed in starting a fantastic new life, there are always ways and means to make it happen and it’s not something you ever have to do alone. Joining a franchise like FASTSIGNS is all about working together to create a better future, and there really has never been a better time to be a part of it!
Discover what you can do
If you’d like to learn more about the many options open to you for financing your franchise, our team would be more than happy to help. Get in touch today to learn more – it could be the first step in transforming your life forever!
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