Benetrends Blog

Women In Business: Is Franchising in Your Future?

[fa icon="calendar'] Apr 9, 2019 12:02:00 AM / by Benetrends posted in women entrepreneurs, buying a franchise, franchise funding

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While women franchise owners have been an often overlooked sector of the small business economy, recent signs point toward positive opportunities, growth, and resources available for female entrepreneurs.

Here is a closer look at some of the trends and what still needs to change to give women small business owners a seat at the franchise table

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Radio Interview: Top Trends in Franchise Funding Solutions

[fa icon="calendar'] Jun 14, 2017 9:49:29 AM / by Molly Klein posted in ROBS Strategy, benetrends, franchise funding, 401k rollover funding

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Benetrends’ CEO, Rocco Fiorentino, recently spoke with Franchise Today co-hosts Stan Friedman and Paul Segreto, on the complexities regarding franchise funding options and the innovative solutions offered by Benetrends Financial.

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Funding Your Franchise: What to Expect

[fa icon="calendar'] Jun 6, 2017 12:00:00 AM / by Molly Klein posted in buying a franchise, franchise funding

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When you are thinking about owning a franchise, understanding the costs of starting up your business and how to finance those costs is critical. Having a clear sense as to what it takes to open the doors varies from franchise to franchise, but there are several common costs that most franchisees face.

Here is a close look at what to expect when funding your franchise.

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Do’s and Don’ts of Getting Funding for a Small Business or Franchise Opportunity

[fa icon="calendar'] Aug 31, 2016 3:29:47 PM / by Molly Klein posted in small business funding, franchise funding

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Are you ready to become a small business or franchise owner? If you’re like most prospective entrepreneurs, you’ll need to finance part or all of your business purchase. Ensuring you have an appropriately structured funding plan is often the key to long-term success and profitability.

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Multi-Unit Franchising - As an Expansion Strategy

[fa icon="calendar'] May 1, 2015 12:00:00 AM / by Benetrends posted in franchise funding, multi-unit

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"Be in business for yourself, but not by yourself."



Today almost half of all franchised units are owned by multi-unit franchisees. Multi-unit franchising creates the opportunity for a franchisee to open more than one unit. In this case, multiple units are sometimes sold at a reduced rate per unit.

The franchisee maybe less involved in the day-to-day operations of the unit. Instead, the multi-unit franchisee manages all the locations at a higher level, usually hiring managers and staff for each location to perform the daily operations.

An Overview

Many franchisees that choose multi-unit franchising as an expansion strategy do so after they have been franchising and know the ins and outs of the franchising business.

There are primarily two types of multi-unit franchise agreements:
(1) area development agreements; and
(2) area representative agreements (also known as master franchise agreements).

80/20- Most research studies find that 80% of franchisees are single-unit operators and 20% are multi-unit operators.

Many Multi-Unit franchisee systems are concentrated in six industry categories – Automotive, Fast Food, Personnel Services, Restaurants, Retail, and Service Businesses.


Why do franchisees choose multi-unit franchising as an expansion strategy?

• System Growth

• Achieve Greater Operating Efficiencies

• Economies of Scale

• Market Strategy

• Reduce training

• Easier to Manage Franchise System

Multi-Unit Franchise Financing

Divide and conquer. When looking at the total amount of capital you need to borrow to get started, consider using a variety of sources including SBA loans, alternative funding and franchise loan packages. Lenders know that franchise businesses have a higher possibility of success because there are already proven set models that work for those businesses; otherwise there wouldn’t be an expansion.

While the current economy does not allow lenders to indiscriminately approve loans, there is a good chance of a well-presented business franchise loan being approved, especially in comparison to a start-up business thats brand new. Many franchisors offer discounts to veterans, minorities, and women.

To learn more about multi-unit franchise funding strategies read: http://www.benetrends.com/blog/financing-strategies-for-multi-unit-operators/

Top 50 List for Multi-Unit Franchising

http://www.franchising.com/multiunitfranchisees/?value=808&mode=articles

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Franchising World - Benetrends and St. Gregory Development Group

[fa icon="calendar'] May 1, 2015 12:00:00 AM / by Benetrends posted in benetrends partner, franchise funding

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How to Secure SBA Financing for a Franchise Faster and Easier

[fa icon="calendar'] Apr 29, 2015 12:00:00 AM / by Benetrends posted in sba, franchise funding

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Building First-Class Programs for Multi-Unit Franchise Growth

[fa icon="calendar'] Dec 26, 2014 12:00:00 AM / by Benetrends posted in franchise funding, multi-unit

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Benetrends President and CEO, Rocco Fiorentino will be facilitating a session at the Franchise Leadership & Development Conference

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Funding a Franchise: Why Crowdfunding is Not Your Best Option

[fa icon="calendar'] Jan 12, 2014 12:00:00 AM / by Benetrends posted in buying a franchise, franchise funding, business growth

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Funding a Franchise: Why Crowdfunding is Not Your Best Option

By: Dallas Kerley, Chief Development Officer, Benetrends

Crowdfunding has been a growing buzzword among entrepreneurs for several years. In fact, platforms like Kickstarter continue to gain media attention — especially with recent successes such as the Reading Rainbow campaign that quickly went viral. With all the hype around such hugely successfully campaigns that have raised millions of dollars in a short amount of time, it’s worth asking the question: Is it right for franchisees?

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Formal Introduction Of Single Source Funding Enthusiastically Received By Franchisors Of All Sizes At IFA 2011.

[fa icon="calendar'] Jan 12, 2014 12:00:00 AM / by Benetrends posted in franchise, franchise funding

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Benetrends Solidifies Leadership Position at IFA 2011

Benetrends formally introduced the addition of Single Source Funding at IFA 2011.

Today nearly 650,000 new firms are started in the United States each year. Approximately 10.2 percent of the overall workforce, or 13.8 million workers, are self-employed.

These new entrepreneurs contend with the number one concern of every business owner – securing the proper funding. This concern has never been more challenging than in todays tight credit market.

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