Starting a franchise business may seem out of reach without a significant personal contribution, but there are solutions to overcome this hurdle. While most banks require a contribution of around 30% of the total investment, several options allow you to launch a franchise with a reduced budget.
Choosing a low-investment franchise
Some franchises, particularly in personal services or construction, require low entry fees. Certain brands ask for minimal contributions (between €1,500 and €4,000), making these models accessible to entrepreneurs with a limited budget.
Taking advantage of financial assistance to open your franchise
Alternative financing solutions include:
- The honorary loan, often without collateral, through networks like Réseau Entreprendre or Initiative France.
- ADIE, which offers loans of up to €12,000 to entrepreneurs excluded from the traditional banking system.
- ARCE, an aid for job seekers, which allows them to receive part of their unemployment benefits in the form of capital.
Negotiating with the franchisor
Some franchisors are willing to adjust their conditions based on the financial means of the candidates. Discussing entry terms and financing options directly can create opportunities to start a business at a lower cost.
A solid business plan
A well-structured and detailed business plan demonstrates your commitment and understanding of the market to the franchisor. It can also help secure more favorable terms and convince investors or banks.
By following these steps and exploring all available options, it is entirely possible to become a franchisee with a reduced personal contribution. The business sector, financial assistance, and chosen franchise models are key factors in the success of this approach.