READY, SET, GO

Inside Franchise Business - - Global Eye -

Fran­chise buy­ers look­ing for ‘fi­nance ready’ brands have a new re­source at their fin­ger­tips.

Fran­chise in­for­ma­tion and rat­ings spe­cial­ists, FRAN data, have re­leased a brand new list of fran­chise chains it deems ‘fi­nance ready’, based on assess­ment against a set of cri­te­ria de­vel­oped from mea­sur­ing and analysing per­for­mance over nearly 30 years.

The cri­te­ria in­cludes key sys­tem in­for­ma­tion, fi­nan­cial bench­marks, trans­parency mea­sures and recog­ni­tion of ex­ist­ing lend­ing re­la­tion­ships.

The list of 44 brands in­cludes many es­tab­lished house­hold names, some emerg­ing brands, and busi­nesses with a lower cap­i­tal en­try cost. The list is a di­verse mix of food, re­tail and ser­vice-based fran­chise sys­tems.

FRAN data’s Aus­tralian CEO, Dar­ryn McAuliffe, said “We are see­ing a wel­come in­crease in in­ter­est from fran­chise lenders on the whole but this re­mains heav­ily re­liant on brands pro­vid­ing good in­for­ma­tion to lenders and strong sup­port to their fran­chisees.

“Our ‘Fi­nance Ready’ assess­ment aims to recog­nise those brands we have iden­ti­fied as pro­vid­ing that in­for­ma­tion and build­ing, or al­ready en­joy­ing, good re­la­tion­ships with fran­chise lenders.” Fran­chisees of ‘ Fi­nance Ready’ brands are ex­pected to ex­pe­ri­ence an im­proved lender ex­pe­ri­ence from the ef­fort and in­vest­ment of their fran­chisor.

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