Investor or Loan source for Franchise Purchase

[mike1956]

Investor or Loan source for Franchise Purchase
We am looking to raise £35k (secured against the business) to purchased a Franchise.

The Franchiser has been established for 14 years and has built up over 10,000 members, so the formula works, is profitable and is aimed at single professional people who like to go to up-market hotels and restaurants, meeting similar thinking people, in a safe and pleasant environment and are tired of meeting the wrong sort of people.

We would welcome any comments or suggestions to mike1956@tiscali.co.uk

Thanks

[Ian J]

It is difficult to raise money secured on a business that doesn't exist at the time the loan is taken out. Banks only tend to be interested in tangible security like property, stock and debtors rather than intangibles like goodwill.

If you can make a convincing enough case to the bank they will often match your own financial input and as most banks have their own franchise departments it may be worthwhile discussing your project with them to see what they think.

[mike1956]

Dear Ian

Thanks very much for taking the time to reply with your suggestions, they are appreciated and welcomed.

Kind regards

Mike