Independent Retailer and Convenience Store Finance
A Dedicated Team
For New and Existing Stores
New £50 million Lending Fund allocated to the Independent Retail and Convenience Store market through Franchise Finance Ltd for 2017 including Loans, HP and Leasing Deals at competitive rates for amounts between £5,000 and £500,000 with up to Five Year Repayment periods and Fast Decisions.
Whether you are just about to
We are here to help you.
We have a dedicated Help Line which can be accessed by
Email : firstname.lastname@example.org or Telephone: 01844 355566
We have a detailed knowledge of the way underwriters work and understand how lenders make lending decisions. We are experts in taking the individual circumstances of a Convenience Store / Retail Business and structuring a finance proposal that provides the lender with everything they need to say “Yes”.
We work with our clients to ensure that their business is adequately funded, making use of the right mix of loans, overdrafts & leases and where appropriate, we make use of the Government’s Enterprise Finance Guarantee Scheme.
Utilising asset finance (e.g. leasing and HP) has many advantages over paying in cash or borrowing from the bank.
We typically provide asset finance packages to Convenience Stores and retail Businesses for between £5K and £500K+ and have a 95% success rate.
Buying or growing a Convenience Store / Retail business without a comprehensive and professional Business Plan is rather like going on an important car journey without a map, not knowing how safe your car is and how much petrol you have or will need to reach your destination!
Do you really want to leave so much to chance or do you want to give yourself the best possible opportunity to arrive safely, or in the case of your business, make sure that you achieve your key business objectives without running out of money?
This is why having a good business plan, whether you are borrowing money or not, is so important. It acts like your Business Sat Nav, helping to guide you from where you are now to where you want to get to in the future. Helping you to see what is around the corner and giving you something to regularly measure your actual progress against.
The process we adopt will help you to crystallise your thoughts and develop a clear strategy to achieve your chosen objectives. It will cover non-financial aspects such as your background and the background of the business, your products and services and your market place. Also your competition, territory demographics and of course your marketing proposals.
It will also include a full set of financial projections in order to gauge profitability and ensure your plans are ‘worthwhile’ taking forward. It will also provide you with a monthly cashflow forecast to establish how much money you need so you do not run out of working capital along the way.
Businesses go bust when they run out of money so your projections will include a Breakeven Analysis to help you understand what level of sales you need to achieve each month so that this does not happen to you.
If you need to borrow money then our plans are excellent for this purpose too and have a 95% success rate when used alongside our ‘Arranging Finance’ and/or ‘Asset Finance’ services.
Is your business performing less well than your competitors?
Are you doing well and want to expand but first want to make sure the ‘foundations’ of your business are solid?
Is cashflow or profitability becoming a problem for you?
If you can answer YES to any of these questions then our Business Health Check service will help you.
We start by examining your Personal Goals and your Business Objectives to ensure they do not conflict with each other. We also need to clarify where you are on your business journey and where you are trying to get to. Our Business Health Check provides independent feedback on the main financial and non-financial areas of your business and then, using a unique scoring system, the individual results are measured against a set standard to provide an overall score, which will indicate whether the health of your business is:
Clients receive a full SWOT analysis (covering Strengths, Weaknesses, Opportunities and Threats) and a prioritised Action Plan to help them deal with any existing or potential problems and to meet their objectives by capitalising on the strengths and opportunities identified.
Clients should allow a half day for our review visit and a few hours, a week or so afterwards, to go through the report (which will be confidential and for your eyes only).
When it comes to selling your business there is a lot you can do in advance to ensure an easier and quicker sale. Failure to prepare can affect your ability to sell, it can affect the price you achieve and can also affect the ability of the potential buyer to raise the finance they may need. Our Re-Sales service ensures this does not happen. It begins by us undertaking an independent financial and non-financial Business Health Check to ensure that when a purchaser undertakes their due diligence you will have reduced the risk of them finding any major problems.
Using a unique scoring system, the results are measured against a set standard to provide an overall measure of the ‘Health’ of the business and the current ‘Saleability Factor’. This is the “likely attractiveness level” to a potential buyer. The Saleability Factor is normally considered to be High, if the business is shown to be in ‘Good Health’, Moderate if it is in ‘Reasonable Health’, Low if it is in ‘Poor Health’ or Very Low to Nil if it is in ‘Critical Health’.
Clients receive a full SWOT analysis (covering Strengths, Weaknesses, Opportunities and Threats) and a prioritised Action Plan to enable you to capitalise on the Strengths and Opportunities within your sales prospectus and eliminate or mitigate any Weaknesses and Threats, so as to improve both the likely sales value and the Saleability Factor.
The process will help you to ensure that you have all the information that the prospective purchaser will need and hopefully enable you to demonstrate positive trends through the maintenance of comprehensive data. We can legitimately redraw your accounts (excluding historical costs which were personal to you) to show what could have been achieved and also prepare a financial forecast in order to show prospective buyers the potential of the business which in turn should help to maximise your sale value.
The flip-side of this is that we will be able to assist the ‘incoming retailer’ by helping them arrange the finance they need to buy your business. Using the financial information produced, a separate team at Franchise Finance can incorporate this information into a finance proposal and use this to raise the necessary finance for the buyer to purchase and trade your Convenience Store / Retail business.