I bought a
Pit Stop franchise
and I’ve never
looked back
Franchise opportunities nationwide.
Call Stacey 027 406 3744 for a chat.
Visit www.pitstop.co.nz/franchising
22
Invest in your future
Starting, or growing, a business can be exciting and rewarding, but it
also requires significant financial investment. As per the Franchising
New Zealand 2024 survey conducted by Massey University and
sponsored once again by Westpac, access to funding and lack of equity
are two of the most challenging issues being faced by business owners
in achieving their objectives. Bank loans have been a dominant source of
funding for many of these business owners but many face challenges in
obtaining finance.
As an experienced specialist franchise
banker, I know this is where you
will benefit from finding a specialist
franchise banker who understands your
franchise business and your objectives.
They can help you to successfully launch
and grow your business. Choosing a
bank that understands the franchise
model and benchmarking information
can significantly improve your chances
of securing funding for your business.
Unique understanding
Specialist franchise bankers understand
the unique financial needs and
challenges of franchise businesses.
Funding franchise fees, initial training
fees, bank guarantees and fit-out
requirements, including minor refreshes
or major upgrades every five or so years
– these are all understood innately by
the franchise banking specialist.
Developing customised funding solutions that align with your business
goals and growth strategies is what they do, day in and day out. With
their in-depth knowledge of the franchise sector, franchise bankers can
ew Zealand business confidence has seen a significant improve-
ment in recent months, currently reaching its highest level in a
decade. Some of the key factors to have contributed to this increase in
business confidence are the falling interest rates, easing inflation and
improved economic outlook.
The Reserve Bank of New Zealand’s decision to start the OCR cuts in
August, with the likelihood of more OCR cuts to come, has provided
relief for businesses facing rising costs. The annual inflation rate in New
Zealand eased further to 2.2% in the September quarter of 2024, from
3.3% in the prior quarter. This marked the lowest reading since March
2021, reducing the burden on bwusinesses and consumers. The overall
economic outlook for New Zealand has brightened, boosting business
confidence. As a business owner, these positive signs may encourage
you to look at growing your business or buying a new one. Maybe it’s
time to take on the next challenge in your life...
How can banking experts
help you rise to your
next challenge?
Buying a Franchise: Funding
Sujam Ratnayake
Franchise New Zealand Summer 2024 Year 33 Issue 04
SPECIALIST
FRANCHISE
BANKERS
Wholesale Distributors Limited (WDL) is the franchisor for the
FreshChoice group of supermarkets. WDL have supermarkets
nationwide, but are always looking for new and exciting
opportunities to expand throughout New Zealand.
WDL is a division of Woolworths New Zealand (WWNZ). WWNZ
in turn is 100% owned by Woolworths Limited which is one of
Australasia’s largest retailers.
All our stores are locally owned and operated. Our owners and
store teams care about building strong connections to the
communities they serve, and are constantly striving to inspire
and engage customers. We are proud of the passionate people
that represent FreshChoice, and they in turn are proud to be
advocates of it.
If this sounds like an opportunity you are interested in, please
get in touch with Operations Manager Craig Steenson from the
contact details below:
are you
Interested in
becoming a local
Supermarket
owner?
craig.steenson1@woolworths.co.nz
027 262 3175
www.freshchoice.co.nz/about/franchise-opportunities/