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-   -   Obtaining a loan for a small franchise business (https://www.askmehelpdesk.com/showthread.php?t=551661)

  • Feb 5, 2011, 04:50 PM
    JustPoetik
    Obtaining a loan for a small franchise business
    Since a franchise is already an established business, wuld it be difficult to obtain
  • Feb 5, 2011, 04:56 PM
    Fr_Chuck

    1 how good is your credit, that will have a lot to do with it
    2. how much profit is the business making, what does the last three years taxes show as profit
    3. Is the business up to date, I was in a old Subway the other day that I would not eat at. Is the equipment proper and working
    4. Depending on the business, how is the stock being sold, at what value.
    5. is the price a fair price, a great francihise is not worth the money if they are asking 4 times its true value.
    6. what or how is the industry doing, has there been recent changes that may hurt its value Example, not sure a Borders Book Store franchise would be worth much now adays.

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