Many veterans in Colorado Springs want to boost their income, but they also do not have the time to build a business from the ground up. Franchises offer a turn-key approach to business ownership, with built-in marketing, branding, and even a customers base. Yet even franchises have startup costs, and veterans need affordable and accessible financing that can be tailored to the size and scope of their franchise operations.
Starting Capital
All franchises have an initial buy-in cost to demonstrate a commitment on the part of the franchisee. Depending on the type of franchise, how well-known the brand is, and the demand, startup costs can be anywhere from $10K up to millions of dollars. SBA loans and similar small business financing solutions can help veterans in Colorado Springs get the capital required to secure franchises of their very own.
Commercial Real Estate
While select franchises can be run out of a home office, most require a physical location, complete with build-outs that are consistent with the franchise’s branding. In some cases, the franchise business can simply move into an existing structure and make modifications as needed. In others, franchise owners will need to purchase a plot of land in Colorado Springs and have a construction company build a free-standing structure to the specs of the parent company. Fortunately there are accessible commercial real estate loans available from 18 Sierra Financial for purchasing, renovating, and even ground-up construction, to ensure a franchise is up and running quickly.
Equipment
Every franchise relies on equipment – from cash registers to vehicles, kitchen appliances, software, and more. Depending on the requirements from the franchisor, veteran business owners may need to either purchase or lease their equipment. Equipment financing solutions from 18 Sierra Financial offer options that can be tailored to any type of franchise in Colorado Springs.
Working Capital
Working capital is essential to the success of any franchise. From inventory and supplies to hiring new staff, local marketing, unexpected costs, and more, having a source of working capital helps franchise owners in Colorado Springs to grow their operations. 18 Sierra Financial offers unsecured lines of credit, merchant cash advances, and other options that are available even for brand new businesses.
Learn More Today
18 Sierra Financial is a veteran-own and run firm located in Colorado Springs. Our team is committed to helping veterans launch and grow businesses throughout Colorado Springs. If you are thinking about starting a franchise, or if you need additional funding to grow your existing franchise operation, contact the team at 18 Sierra Financial today.
