Hi there!
There is no such thing as a "No Money Down Franchise." Why?
Because lenders need you to have skin in the game. As in "money."
Think about it.
If you were the banker, would you lend a new small business owner all of the money they'll need to open for business?
Of course not. But you may lend a portion of what they need.
So you'll need money down. But how much?
Speaking of franchise business loans, I'm an affiliate for Guidant. That means I may receive payment from them if you use their services, which include providing all types of franchise loans. Here
Figure you’ll need to come up with around 30% of the total franchise business investment.
For example, if the total investment of a certain franchise is $225,000, which will probably include the upfront franchise fee, equipment, build-out, inventory, and some working capital, you’ll need to write a check for around $68,000 (30%).
The question is...are you willing and able to do that?
But you won't know exactly what you can budget for up until you know what your net worth is.
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Franchise Buying Tip:
It's smart to get advice on franchising from different sources. However...
If the advice given is primarily to help the advice-giver, it could end up costing you lots of money and lots of headaches.
The Franchise King®
Joel Libava
216-831-2610
“Books are the perfect entertainment: no commercials, no batteries, hours of enjoyment for each dollar spent. What I wonder is why everybody doesn't carry a book around for those inevitable dead spots in life.”
― Stephen King
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