$350k Funding for Franchise
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  1. #1

    $350k Funding for Franchise

    I have a client with a successful mortgage business looking to purchase a health and beauty franchise. Good credit over 760

  2. #2
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    Quote Originally Posted by Blueprint Group View Post
    I have a client with a successful mortgage business looking to purchase a health and beauty franchise. Good credit over 760
    How much do they have in cash towards the purchase prices?
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  3. #3
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    Questions:

    How much skin is buyer putting into the deal?

    Does the purchaser have any experience in the Health and Beauty space?

    What are they buying? Equipment? Inventory? a Lease and Goodwill?

    Is the Franchise up and running and profitable?

    Does the buyer have personal collateral to post in the event the business goes sideways?

    Feel free to touch base on these types of deals. We do them routinely but deal cannot be a scenario where the buyer expects a lender to assume all the risk.

    Richard Gusmano, Founder & CEO

    Business Capital Consultants Corp
    3237 Rt 112 Suite 9
    Medford, NY 11763
    rg@businesscapitalconsultants.com
    Mobile: 516 510 3855
    Office: 631-880-7501

  4. #4
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    Richard, re your 4th question, do some franchises start selling units before they are up and running? I cant imagine thats being done much cause whole point of franchise is proof of concept

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