The franchise industry is growing faster than the general US economy and by all measures that doesn’t look to change anytime soon according to the IFA (International Franchise Association). There are 800,000 franchise businesses generating $550 billion in sales today. Although there is always risk when starting a business, franchise businesses is a proven approach to mitigating risk with winning business formulas, coaching, and ongoing support.
But as the late great free economist Milton Friedman used to say: “There ain’t no such thing as a free lunch.” Franchising comes with a lot of financial requirements which include: franchise fees, buildout costs, royalties, marketing, tenant improvement, equipment purchase and operating capital. We have all heard, it takes money to make money and our job at LeaseQ is to make it easy for Franchisees and Franchisors to find the best finance options available for the equipment and capital they need.
Financing or Leasing Equipment is the best way to preserve cash because equipment helps the franchisee generate revenue and that revenue allows the business owner to service the debt on the equipment. So whether it’s a stove for a commercial kitchen, an x-ray machine for a doctor or a dump truck for a construction company making sure you have the right tools for the job keeps the franchise efficient, effective and profitable. Best of all, equipment financing is available for all credit types from A++ to D.