Ray Depouli, vice president of franchise marketing for management training franchisor Priority Management Systems Inc. in Bellevue, Washington, has seen a lot of franchise deals come together. And he has seen a lot of investors struggle mightily with the financial aspects of their purchases. "Most people are thinking about the exciting and familiar and manageable aspects of their new business venture, and the last thing they think about is financing it," says DePouli. "Financing should be the first thing they think about, but for some reason financing the purchase is always relegated to the back end of the thought process."
The truth is, even if financing is put at the front of the thought process, it can pose a formidable challenge for the most enterprising franchise buyer. The good news is that many franchisors are providing innovative financing programs to ease your way. Consider the approaches of a few companies that have applied ingenuity, drive and business savvy to the financial challenge of financing a franchise.