Client: Fresh Eats Franchise
Location: Seattle, Washington
Loan Type: Franchise Financing
Funding Amount: $350,000
Background: Fresh Eats, a growing health-focused fast-casual restaurant franchise, aimed to open a new location in the bustling city of Seattle, Washington. The franchisee, Emily, needed funding to cover the initial setup costs, including leasehold improvements, kitchen equipment, initial inventory, and marketing expenses. Traditional lenders were reluctant to finance a new franchise location without a proven track record in the specific area.
Challenges:
- High upfront costs for opening a new franchise location
- Need for specialized financing tailored to franchise operations
- Requirement for quick and reliable funding to meet opening deadlines
Solution: GHC Funding provided Emily with a $350,000 franchise financing loan specifically designed for franchise operations. The loan included favorable terms and comprehensive support throughout the setup process. Our team helped Emily navigate the unique financial requirements of opening a new franchise location, ensuring she had the necessary funds to cover all expenses.
Outcome: Emily successfully opened the new Fresh Eats location on schedule. The funding covered the leasehold improvements, outfitting the kitchen with state-of-the-art equipment, purchasing initial inventory, and launching a targeted marketing campaign. The new franchise quickly became popular, generating strong sales and attracting a loyal customer base. Within the first year, the location exceeded revenue projections, and Emily is now planning to open additional locations with the continued support of GHC Funding.
Testimonial: “GHC Funding’s franchise financing made my dream of opening a new location a reality. Their expertise in top business lending for franchises was invaluable. I’m excited to continue expanding with their support.” – Emily, Fresh Eats Franchisee
