Comments on: How do you get liquid enough for a franchise if you don't have the capital.? http://www.biznewsvine.org/how-do-you-get-liquid-enough-for-a-franchise-if-you-dont-have-the-capital/ Thu, 15 Sep 2011 00:02:34 +0000 hourly 1 By: kered628 http://www.biznewsvine.org/how-do-you-get-liquid-enough-for-a-franchise-if-you-dont-have-the-capital/comment-page-1/#comment-5218 kered628 Wed, 30 Jun 2010 00:01:36 +0000 http://www.biznewsvine.org/how-do-you-get-liquid-enough-for-a-franchise-if-you-dont-have-the-capital/#comment-5218 Most franchises do allow groups (ie. corporations, partnerships, LLC's, etc.) to open branch location so if $800,000 in liquidity is impossible for you at this point in your life, then the only option is to go into business with a few other people. If you do open a corporation and if you plan to be the active manager and/or play the biggest part out of all the partners in maintaining the franchise you should make sure that you get a slightly higher ownership percentage even if you put in a slightly lower amount of money. Good luck Most franchises do allow groups (ie. corporations, partnerships, LLC’s, etc.) to open branch location so if $800,000 in liquidity is impossible for you at this point in your life, then the only option is to go into business with a few other people. If you do open a corporation and if you plan to be the active manager and/or play the biggest part out of all the partners in maintaining the franchise you should make sure that you get a slightly higher ownership percentage even if you put in a slightly lower amount of money.

Good luck

]]> By: enoriverbend http://www.biznewsvine.org/how-do-you-get-liquid-enough-for-a-franchise-if-you-dont-have-the-capital/comment-page-1/#comment-5219 enoriverbend Wed, 30 Jun 2010 00:01:36 +0000 http://www.biznewsvine.org/how-do-you-get-liquid-enough-for-a-franchise-if-you-dont-have-the-capital/#comment-5219 There are a lot of franchise opportunities that require less capital than that. I don't know about Sonic specifically but I do think a lot of buyers for similar franchise opportunities do have substantial capital (what "substantial" mean varies with the requirements of the business of course). Possibly Sonic is just not a good starting point if you don't have that kind of dough assembled. How about starting with something smaller or cheaper? There are a lot of franchise opportunities that require less capital than that. I don’t know about Sonic specifically but I do think a lot of buyers for similar franchise opportunities do have substantial capital (what "substantial" mean varies with the requirements of the business of course).

Possibly Sonic is just not a good starting point if you don’t have that kind of dough assembled. How about starting with something smaller or cheaper?

]]> By: Doctor Deth http://www.biznewsvine.org/how-do-you-get-liquid-enough-for-a-franchise-if-you-dont-have-the-capital/comment-page-1/#comment-5220 Doctor Deth Wed, 30 Jun 2010 00:01:36 +0000 http://www.biznewsvine.org/how-do-you-get-liquid-enough-for-a-franchise-if-you-dont-have-the-capital/#comment-5220 you don't - Franchisors want Franchisees that have money of their own (not loans),so they know the franchisee has a lot to lose if they don;t work hard and follow all the rules. you don’t – Franchisors want Franchisees that have money of their own (not loans),so they know the franchisee has a lot to lose if they don;t work hard and follow all the rules.

]]>