Entrepreneurship | Finance Questions

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Franchise Finance

November 27th, 2010

franchise finance
Question: Question about buying a Jimmy John's Franchise? Financing Question?

I am interested in buying a restaurant franchise. I'm looking at Jimmy John's but there's a few other sandwhich shops I'm interested in as well.

You always see those pamphlets only $20k to open a Jimmy johns however I look on there website and it's much more. How does all that work? How much would I need up front in cash? Does the Company Finance you for the rest or do you have to find your own financing? Personal experience would be great but any books, websites or other resources you could point me in the direction of would be helpful as well.

Answer: some franchises offer financing, but most don't. you'll have to find that on your own. You will also have to prove that you have $x in liquid assets in order to keep the business alive and have money to live off of for the first year that you don't make any money.

Franchise Finance