Photo Finish

New financing program makes franchise start-ups simpler.
Magazine Contributor
1 min read

This story appears in the February 1999 issue of Entrepreneur. Subscribe »

Moto Photo Inc. has a new program that's designed to make start-up easier for its franchisees. Under the QuickStart program, a fully equipped photo store can be opened for as little as $80,000. QuickStart is a business lease arrangement based on a cooperative plan with Provident Bank. All costs for an average store, in addition to the $80,000, are leased by the franchisee for eight years. At the end of the lease, the franchisee owns the store. The lease payment is a variable payment based on each store's sales.

Kim and Eddy Patterson Jr., 34 and 35, respectively, opened their Atlanta Moto Photo franchise last August under the new program. "They walk you through everything, and they have great training programs," says Kim. "You have so much information and so many people there to help you. As far as the financial benefits go, it's been very easy to make our payments because they're based on sales. [Payment] grows when our business grows."

More from Entrepreneur

Get heaping discounts to books you love delivered straight to your inbox. We’ll feature a different book each week and share exclusive deals you won’t find anywhere else.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Are you paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out.

Latest on Entrepreneur

Entrepreneur Media, Inc. values your privacy. In order to understand how people use our site generally, and to create more valuable experiences for you, we may collect data about your use of this site (both directly and through our partners). By continuing to use this site, you are agreeing to the use of that data. For more information on our data policies, please visit our Privacy Policy.