Computer repair is a growing business that is only set to get bigger. The demand for repair services for Apple products has increased astronomically in line with the success the company has had over the last decade. Setting up a computer repair franchise is a proven business model that is both efficient and sustainable.
However, not everyone can afford the upfront costs of a franchise business. If you’re thinking of starting a computer repair franchise, here are three ways you can acquire the funding that you need to begin:
Since most financial institutions consider franchises as stable business models, applying for a loan is an ideal option. Banks and major lenders can give you a percentage of your required initial investment while others are willing to give you the full amount but with a bigger interest rate. If you want to land a good deal, be sure to approach a financial advisor before making a decision.
Family or Friends
As an alternative option, you can approach close family members or friends for funding. The main benefit of this option is having flexible repayment terms and payment deadlines. To avoid stress and pressure on personal relationships, pay the agreed amount in a timely manner.
A franchise broker is experienced in finance for franchise businesses. Other than that, they also assist you with your financing options and help you choose the most appropriate one for your situation. Just remember that franchise brokers have an ongoing commission over the course of your loan – entrust your money to credible professionals.
In Australia, more and more entrepreneurs are choosing to invest in franchise businesses. With a franchise, you receive the benefits of an established following, accessible training and an excellent network of suppliers that can take years to build when putting up a business of your own. Start your journey with us today.
At Experimax, we give you a head start on what it takes to become an innovator in technology sales and service. To learn more about franchise opportunities, feel free to browse our website.