READY, SET, GO
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.