You may be interested in purchasing a franchise due to its preexisting business model and established brand name. While this can be a successful idea, you must start by figuring out your finances. Watch this video for tips on financing your franchise purchase.
One of the perks of purchasing a franchise is that the franchiser will know what the bank needs to see. The franchiser can give you the correct paperwork to show to the bank in order to finance your purchase. This paperwork should display projections as far as how much money your franchise is expected to make and spend.
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