Franchise Finance Ready tick
We understand that buying a franchise is an exciting and scary time, and that great opportunities also involve a level of risk as well as significant financial investment. So, as a potential franchise buyer it’s important to be able to find credible franchisors that are committed to improving finance access for buyers.
SEEK Business have partnered with FRANdata to help you identify franchises that have been independently assessed as being ‘finance ready’. Franchisees of Finance Ready brands are expected to experience an improved lender experience from the effort and investment of their franchisor.
The assessment criteria for FRANdata’s Finance Ready tick includes key system information, financial benchmarks, transparency measures, and recognition of existing lending relationships.
Simply look for the blue tick on any franchise profile page to discover brands that are ‘finance ready’.
Why franchisors should strive to be Finance Ready
As one of the key barriers-to-entry for new business owners, access to finance is often a critical factor when assessing feasible franchise opportunities.
The FRANdata Finance Ready tick enables franchisors to illustrate to buyers that they have made an effort and investment to improve finance access – helping make their offering more attractive to potential franchisees.
Being independently assessed as ‘finance ready’ helps position your brand as being committed to high standards in the franchise sector, and the blue Finance Ready tick can significantly enhance a lenders ability to complete transactions for all levels of capital investment.
Demonstrating that your franchise is dedicated to transparency, and committed to easing finance access for new and existing franchisees can help you stand out in a crowded marketplace.
Contact FRANdata to discuss how your franchise could be granted the Finance Ready tick.
"ANZ recognises that registration on the Franchise Registry and the utilisation of its related lender reports as strong indicators of franchise systems that are serious about assisting their franchisees in obtaining improved access to banking services."
Tony Cotter, National Manager Franchising – ANZ
FRANdata is an independent franchise information and ratings specialist that helps improve franchise finance by closing the ‘information gap’. Founded in the U.S. in 1989, FRANdata started operating in Australia in 2013 and is supported by an advisory board of well-known leaders in franchising and professional services.
FRANdata conducts independent, objective information and analysis, and exist to support the Australian Franchise Sector address key strategic challenges. Having developed a framework for the evaluation of franchise brand performance and accreditation, FRANdata helps prospective franchisees to determine credible Australian franchisors, and helps quality franchise brands to ensure they stand out in a crowded marketplace.
FRANdata also operates The Australian Franchise Registry™ which lists all franchise brands known to be operating in Australia. Registered brands must satisfy the registry that they are operating as a genuine franchise brand by meeting a variety of requirements. These include confirming that they operate under the Australian Franchising Code of Conduct, and providing their current Disclosure Documents and Franchise Agreement.