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Rayf
I am looking a buying \ managing a mobile auto repair franchise. This is a start up but no realestate is involved only price of franchise and startup capital I need $75,000 for cost to buy franchise and $25,000 for expences and have very little to put down myself.
How would I go about this, does the history of the franchiser come in or what I should I be looking at .
Thanks
Ray
loanchick
QUOTE(Rayf @ Oct 6 2006, 12:53 AM) *

I am looking a buying \ managing a mobile auto repair franchise. This is a start up but no realestate is involved only price of franchise and startup capital I need $75,000 for cost to buy franchise and $25,000 for expences and have very little to put down myself.
How would I go about this, does the history of the franchiser come in or what I should I be looking at .
Thanks
Ray


Unless you either get a line of credit from a bank, I don't know any other way. Perhaps taking a second from your house if you own one through a refi maybe? The way that franchises usually work is paying for an individual part of the franchise and managing it on your own. I hope this helps. If you need assistance with taking the money out of your equity in your house, I'd be more than happy to see if I can help. Otherwise, good luck with your search!


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