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Frequently Asked Questions - FAQ

Is it possible to become a franchisee if I don’t have any personal funds? Are there any franchises that provide a solution to this problem?

You generally need to have personal funds to join a franchise otherwise it is very difficult to set up your own business.

However you could try to borrow from your friends or your family. This kind of loan would be considered to be personal funds if you do not have to pay it back (an advance on an inheritance or a gift) or if you can pay them back once your bank loan has been paid off.

You could also sell some property or cash in a savings plan.

Lastly, you could find a partner or look for a good manager (often difficult to find) or even carry on saving so that you can start up your own franchise at a later date.

It should perhaps be noted here that franchisors are not there to lend money. If they wanted to invest so much money then they could set up their own branch rather than take on franchisees. A franchisor’s aim is to share his success with franchisees who invest their own money in the business in return.

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