How to Finance Your Hot Dog on a Stick Franchise
In this presentation, we will provide you several options for financing your Hot Dog on a Stick franchise. Hot Dog on a Stick is looking for new franchise owners across the country! Please follow our link at the end of the presentation to find out more. http://www.hotdogonastickfranchise.com/
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PRESENTATION OUTLINE
How to Finance Your Hot Dog on a Stick Franchise
Step #1 Sign the Franchise Agreements
- A Franchise Agreement is a legal, binding contract between a franchisor and franchisee. It overall provides the investor with a product, a branded name and recognition, and a support system.
- A franchise agreement will be required to get approval for funding as well as securing a location in most cases.
Step #2 Finding a Location
- Start scouting out potential locations in your development area.
- Don't be afraid to ask us for assistance. We have a real estate team that will assist you in identifying potential locations.
- We look for locations with high foot traffic such as; malls, lifestyle centers, among other areas.
Step #3 Understanding Costs
- Once a location is found, it's important to determine total costs.
- Total costs include; franchise fees, equipment, construction, architecture design, permitting, rent, etc.
- Working capital will be a percentage of the total cost.
Cash
Using your personal money could lead to debt-free ownership. We see our franchises cost $154,500 - $237,750. If you wish to open multiple stores, make sure to leave yourself enough working capital.
Step #4 Methods to Finance a Franchise
- Cash
- 401k Rollover
- Conventional Loan
- Leasing
- Lending Networks
- SBA Loans
401k Rollover
In some cases, you may be able to use your 401k to finance your franchise. There are several requirements to using your 401k. One rule is that you may no longer work for the company where your 401k is housed.
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Conventional Loan
Conventional loans are common in franchising. Lenders look for real estate collateral used to mitigate risk. Terms are generally 5-10 years.
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Leasing
Some banks will allow equipment leasing, but you will still need the funding for the building cost and other fees.
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Lending Networks
Entire lending networks exist to help franchisees find financing. A quick Google Search will display hundreds of vendors.
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SBA Loans
SBA loans are the most common loan types we see. They mitigate risk for lenders by offering a guarantee up to 80% of the loan amount.
Are You Ready To Open a Hot Dog on a Stick Franchise?
Please Visit http://www.hotdogonastickfranchise.com/
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This is not an offer to sell a franchise as an offer may only be made by a franchise disclosure document prepared in accordance with the Federal Trade Commission’s franchise laws and applicable state laws. Filing of a franchise disclosure document does not constitute the state’s approval of the franchise disclosure document.
In the early fifth century, when some monks were busy inventing Shaolin Kung Fu, German monks took a vow of deliciousness and invented the pretzel. Believe it or not, they were made to mimic arms folded in prayer and used to reward small children for good deeds. Even back then, they were a hit. Flash forward a couple of centuries. That's when we later came along and elevated the Pretzel to new dimensions of tastiness. Then came the pretzel business...
Pretzelmaker / Pretzel Time introduced our famous soft pretzel in 1991. It was a hit. Today, we offer an awesome selection of hot, fresh-baked, fresh twisted pretzels, pretzel dogs, freshly squeezed lemonade, creamy blended drinks, and cold beverages all over the world. You can find us in over 360 locations in the U.S. and worldwide. For now-Antarctica, watch out. Our pretzel franchises are popping up everywhere.
This is not an offer to sell a franchise as an offer may only be made by a franchise disclosure document prepared in accordance with the Federal Trade Commission’s franchise laws and applicable state laws. Filing of a franchise disclosure document does not constitute the state’s approval of the franchise disclosure document.
Disclaimer:
This information is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise. It is for information purposes only. Currently, the following states regulate the offer and sale of franchises: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin. If you are a resident of or want to locate a franchise in one of these states, we will not offer you a franchise unless and until we have complied with applicable pre-sale registration and disclosure requirements in your state. Franchise offerings are made by Franchise Disclosure Document only.
Business Plan Resources
- You can find the SBA financial form here: https://www.sba.gov/sites/default/files/forms/SBA_Form_413_7a-504-SBG.pdf
