{"id":5246,"date":"2023-02-02T09:00:54","date_gmt":"2023-02-02T09:00:54","guid":{"rendered":"https:\/\/www.franchiselocal.co.uk\/news\/?p=5246"},"modified":"2023-02-01T21:39:19","modified_gmt":"2023-02-01T21:39:19","slug":"how-to-start-a-franchise-with-no-money","status":"publish","type":"post","link":"https:\/\/www.franchiselocal.co.uk\/news\/how-to-start-a-franchise-with-no-money\/","title":{"rendered":"How To Start A Franchise With No Money"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_88 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #101010;color:#101010\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #101010;color:#101010\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www.franchiselocal.co.uk\/news\/how-to-start-a-franchise-with-no-money\/#no-cost-franchise-options\" >No-Cost Franchise Options<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www.franchiselocal.co.uk\/news\/how-to-start-a-franchise-with-no-money\/#zero-cost-franchises\" >Zero-Cost Franchises<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www.franchiselocal.co.uk\/news\/how-to-start-a-franchise-with-no-money\/#government-backed-funding\" >Government-Backed Funding<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www.franchiselocal.co.uk\/news\/how-to-start-a-franchise-with-no-money\/#bank-finance\" >Bank Finance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www.franchiselocal.co.uk\/news\/how-to-start-a-franchise-with-no-money\/#friends-and-family\" >Friends and Family<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www.franchiselocal.co.uk\/news\/how-to-start-a-franchise-with-no-money\/#business-investors\" >Business Investors<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"#\" data-href=\"https:\/\/www.franchiselocal.co.uk\/news\/how-to-start-a-franchise-with-no-money\/#no-cost-franchises-in-a-nutshell\" >No-Cost Franchises in a Nutshell<\/a><\/li><\/ul><\/nav><\/div>\n<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> 3<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span><p>Starting a franchise comes with many costs: <a href=\"https:\/\/www.franchiselocal.co.uk\/news\/franchise-royalty-fees-what-are-they-and-how-much-should-they-be\/\" target=\"_blank\" rel=\"noopener\">franchise fees and royalty fees<\/a> can add up to exorbitant rates.<\/p>\n<p>Because of these rates, those with less money may feel left out in the cold, wondering how to start a franchise with no money. Because they have no investment money, they stop looking for opportunities. If this is you, fear not. You have options.<\/p>\n<p>Even if you don&#8217;t have any cash, you can learn how to buy a franchise. Many franchises offer no-cost options as well as financing plans that may suit your requirements. In this article, we\u2019ll take you through all the options and show you the path to becoming a business owner!<\/p>\n<h2><span class=\"ez-toc-section\" id=\"no-cost-franchise-options\"><\/span>No-Cost Franchise Options<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Typically, a<a href=\"https:\/\/www.franchiselocal.co.uk\/news\/franchisee-definition-and-advantages\/\" target=\"_blank\" rel=\"noopener\"> franchisee <\/a>pays a lot for a franchise. However, there are a few options to get a franchise without money.<\/p>\n<ul>\n<li>Zero cost franchises<\/li>\n<li>Government-backed funding<\/li>\n<li>Bank loans<\/li>\n<li>Business investors<\/li>\n<li>Friends and family<\/li>\n<\/ul>\n<p>Whatever you choose, it\u2019s important to be fully informed. We\u2019ll break down each option below and explain how to finance a franchise with no money.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\" td-center aligncenter wp-image-17538 size-large\" title=\"How To Start A Franchise With No Money\" src=\"https:\/\/www.franchiselocal.co.uk\/news\/wp-content\/uploads\/2020\/05\/FL_Info_NoMoney-1-1024x714.png\" alt=\"How To Start A Franchise With No Money\" width=\"696\" height=\"485\" srcset=\"https:\/\/www.franchiselocal.co.uk\/news\/wp-content\/uploads\/2020\/05\/FL_Info_NoMoney-1-1024x714.png 1024w, https:\/\/www.franchiselocal.co.uk\/news\/wp-content\/uploads\/2020\/05\/FL_Info_NoMoney-1-300x209.png 300w, https:\/\/www.franchiselocal.co.uk\/news\/wp-content\/uploads\/2020\/05\/FL_Info_NoMoney-1-768x536.png 768w, https:\/\/www.franchiselocal.co.uk\/news\/wp-content\/uploads\/2020\/05\/FL_Info_NoMoney-1-1536x1072.png 1536w, https:\/\/www.franchiselocal.co.uk\/news\/wp-content\/uploads\/2020\/05\/FL_Info_NoMoney-1-2048x1429.png 2048w, https:\/\/www.franchiselocal.co.uk\/news\/wp-content\/uploads\/2020\/05\/FL_Info_NoMoney-1-150x105.png 150w, https:\/\/www.franchiselocal.co.uk\/news\/wp-content\/uploads\/2020\/05\/FL_Info_NoMoney-1-600x419.png 600w, https:\/\/www.franchiselocal.co.uk\/news\/wp-content\/uploads\/2020\/05\/FL_Info_NoMoney-1-696x486.png 696w, https:\/\/www.franchiselocal.co.uk\/news\/wp-content\/uploads\/2020\/05\/FL_Info_NoMoney-1-1392x971.png 1392w, https:\/\/www.franchiselocal.co.uk\/news\/wp-content\/uploads\/2020\/05\/FL_Info_NoMoney-1-1068x745.png 1068w, https:\/\/www.franchiselocal.co.uk\/news\/wp-content\/uploads\/2020\/05\/FL_Info_NoMoney-1-602x420.png 602w, https:\/\/www.franchiselocal.co.uk\/news\/wp-content\/uploads\/2020\/05\/FL_Info_NoMoney-1-1204x840.png 1204w, https:\/\/www.franchiselocal.co.uk\/news\/wp-content\/uploads\/2020\/05\/FL_Info_NoMoney-1-100x70.png 100w, https:\/\/www.franchiselocal.co.uk\/news\/wp-content\/uploads\/2020\/05\/FL_Info_NoMoney-1-200x140.png 200w\" sizes=\"auto, (max-width: 696px) 100vw, 696px\" \/><\/p>\n<h3><span class=\"ez-toc-section\" id=\"zero-cost-franchises\"><\/span>Zero-Cost Franchises<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Before you look for financing, consider a <a href=\"https:\/\/www.franchiselocal.co.uk\/low-cost-franchise\/\" target=\"_blank\" rel=\"noopener\">zero-cost franchise<\/a>. Many avoid these opportunities fearing scams or massive monthly payments, but trustworthy franchises are out there. If you have the time and patience, explore zero-cost options on a trusted franchise website.<\/p>\n<p>If you find one that looks too good to be true, it probably is! Make sure you request all the information and read all the fine print before jumping into a contract that won&#8217;t work for you. Many zero-cost options are hard work and require you to do a lot of your own marketing and work until you can employ anyone.<\/p>\n<p>However, there are decent zero-cost options on the market. Don\u2019t write them off too quickly.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-5250\" title=\"Zero Cost Franchises\" src=\"https:\/\/www.franchiselocal.co.uk\/news\/wp-content\/uploads\/2020\/05\/Zero-Cost-Franchises.jpg\" alt=\"Zero Cost Franchises\" width=\"800\" height=\"533\" srcset=\"https:\/\/www.franchiselocal.co.uk\/news\/wp-content\/uploads\/2020\/05\/Zero-Cost-Franchises.jpg 800w, https:\/\/www.franchiselocal.co.uk\/news\/wp-content\/uploads\/2020\/05\/Zero-Cost-Franchises-300x200.jpg 300w, https:\/\/www.franchiselocal.co.uk\/news\/wp-content\/uploads\/2020\/05\/Zero-Cost-Franchises-768x512.jpg 768w, https:\/\/www.franchiselocal.co.uk\/news\/wp-content\/uploads\/2020\/05\/Zero-Cost-Franchises-150x100.jpg 150w, https:\/\/www.franchiselocal.co.uk\/news\/wp-content\/uploads\/2020\/05\/Zero-Cost-Franchises-600x400.jpg 600w, https:\/\/www.franchiselocal.co.uk\/news\/wp-content\/uploads\/2020\/05\/Zero-Cost-Franchises-696x464.jpg 696w, https:\/\/www.franchiselocal.co.uk\/news\/wp-content\/uploads\/2020\/05\/Zero-Cost-Franchises-630x420.jpg 630w, https:\/\/www.franchiselocal.co.uk\/news\/wp-content\/uploads\/2020\/05\/Zero-Cost-Franchises-20x13.jpg 20w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/p>\n<h3><span class=\"ez-toc-section\" id=\"government-backed-funding\"><\/span>Government-Backed Funding<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The UK government offers financial support for those who want to start their own businesses. To receive funding, you must pass a credit check and show all the relevant paperwork. If successful, you might receive backing.<\/p>\n<p>The upside: you\u2019ll receive additional support as well as access to a business advisor and mentor. . The downside: this type of funding isn\u2019t easy to secure.<\/p>\n<p>Still, it\u2019s worth a shot. Using the government portal, you can check your eligibility for support and put in an application for consideration.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"bank-finance\"><\/span>Bank Finance<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Many banks have good working relationships with <a href=\"https:\/\/www.franchiselocal.co.uk\/news\/what-is-a-franchisor\/\" target=\"_blank\" rel=\"noopener\">franchisors<\/a>, and you may be able to benefit.<\/p>\n<p>Banks tend to prefer to help people with capital but don&#8217;t let this put you off. If you have a good credit rating with minimal debts and financial pressures, they\u2019ll likelyconsider helping you out.<\/p>\n<p>If you are a homeowner, the bank that holds your mortgage may be willing to lend you the fees you need against your current property.<\/p>\n<p>Along with any sensible financial advice, we strongly urge you to consider all methods of finance before using your home as an asset. No franchises offer guaranteed success and losing your home would be a devastating blow.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-5249\" title=\"Bank Finance\" src=\"https:\/\/www.franchiselocal.co.uk\/news\/wp-content\/uploads\/2020\/05\/Bank-Finance.jpg\" alt=\"Bank Finance\" width=\"800\" height=\"533\" srcset=\"https:\/\/www.franchiselocal.co.uk\/news\/wp-content\/uploads\/2020\/05\/Bank-Finance.jpg 800w, https:\/\/www.franchiselocal.co.uk\/news\/wp-content\/uploads\/2020\/05\/Bank-Finance-300x200.jpg 300w, https:\/\/www.franchiselocal.co.uk\/news\/wp-content\/uploads\/2020\/05\/Bank-Finance-768x512.jpg 768w, https:\/\/www.franchiselocal.co.uk\/news\/wp-content\/uploads\/2020\/05\/Bank-Finance-150x100.jpg 150w, https:\/\/www.franchiselocal.co.uk\/news\/wp-content\/uploads\/2020\/05\/Bank-Finance-600x400.jpg 600w, https:\/\/www.franchiselocal.co.uk\/news\/wp-content\/uploads\/2020\/05\/Bank-Finance-696x464.jpg 696w, https:\/\/www.franchiselocal.co.uk\/news\/wp-content\/uploads\/2020\/05\/Bank-Finance-630x420.jpg 630w, https:\/\/www.franchiselocal.co.uk\/news\/wp-content\/uploads\/2020\/05\/Bank-Finance-20x13.jpg 20w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/p>\n<h3><span class=\"ez-toc-section\" id=\"friends-and-family\"><\/span>Friends and Family<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>If you\u2019re unable or unwilling to borrow from the bank or government, consider asking friends and family for their financial support. By spreading the cost, you reduce the risk to yourself but increase for your loved ones.<\/p>\n<p>If you do get help from family, be honest about the franchise and any potential issues and successes that may arise. Most people are risk-averse, so it&#8217;s vital that you eliminate any surprises.<br \/>\nIf they\u2019re still interested, great! You now have reliable, honest support.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"business-investors\"><\/span>Business Investors<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>If you\u2019re keen to get started and happy to share your ongoing profits, you could always find a \u2018silent investor.\u2019 These investors allow you to run the franchise while taking a portion of the profits.<\/p>\n<p>Many business-savvy investors will happily invest in your franchise if they see the potential for growth. You\u2019ll need to agree on terms and percentages, of course, but at least your loved one\u2019s life savings won\u2019t be on the line.<\/p>\n<p>A business investor will expect to see a profit turnaround and will require ongoing updates and figures to prove their investment is a good one. The risk\u2013 if your investor doesn\u2019t see the expected profit, they can pull out at any time.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-5248\" title=\"Business Investors\" src=\"https:\/\/www.franchiselocal.co.uk\/news\/wp-content\/uploads\/2020\/05\/Business-Investors.jpg\" alt=\"Business Investors\" width=\"800\" height=\"408\" srcset=\"https:\/\/www.franchiselocal.co.uk\/news\/wp-content\/uploads\/2020\/05\/Business-Investors.jpg 800w, https:\/\/www.franchiselocal.co.uk\/news\/wp-content\/uploads\/2020\/05\/Business-Investors-300x153.jpg 300w, https:\/\/www.franchiselocal.co.uk\/news\/wp-content\/uploads\/2020\/05\/Business-Investors-768x392.jpg 768w, https:\/\/www.franchiselocal.co.uk\/news\/wp-content\/uploads\/2020\/05\/Business-Investors-150x77.jpg 150w, https:\/\/www.franchiselocal.co.uk\/news\/wp-content\/uploads\/2020\/05\/Business-Investors-600x306.jpg 600w, https:\/\/www.franchiselocal.co.uk\/news\/wp-content\/uploads\/2020\/05\/Business-Investors-696x355.jpg 696w, https:\/\/www.franchiselocal.co.uk\/news\/wp-content\/uploads\/2020\/05\/Business-Investors-20x10.jpg 20w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"no-cost-franchises-in-a-nutshell\"><\/span>No-Cost Franchises in a Nutshell<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>We hope we have answered how to buy a franchise with no money. There are many cash-free ways to acquire your own franchise; financial support, bank lending, and <a href=\"https:\/\/www.franchiselocal.co.uk\/low-cost-franchise\/\" target=\"_blank\" rel=\"noopener\">zero-cost franchises<\/a>.<\/p>\n<p>Remember, there\u2019s no use in locking onto the first no-cost franchise you find. Make sure to find a reliable franchise you trust to turn a profit before signing a franchise agreement. t.<\/p>\n<p>If you\u2019re looking to find a franchise, <a href=\"https:\/\/www.franchiselocal.co.uk\/\" target=\"_blank\" rel=\"noopener\">Peruse Franchise Local<\/a>. We\u2019ve gathered the best franchises across various <a href=\"https:\/\/www.franchiselocal.co.uk\/industries\/\" target=\"_blank\" rel=\"noopener\">industry options<\/a>, from <a href=\"https:\/\/www.franchiselocal.co.uk\/industries\/automotive-franchises\/\" target=\"_blank\" rel=\"noopener\">Automotive<\/a> to <a href=\"https:\/\/www.franchiselocal.co.uk\/industries\/care-franchises\/\" target=\"_blank\" rel=\"noopener\">Home Care<\/a> \u2013 and offer several <a href=\"https:\/\/www.franchiselocal.co.uk\/low-cost-franchise\/\" target=\"_blank\" rel=\"noopener\">low-cost franchises<\/a>.<\/p>\n<p>If you\u2019re out of money, don\u2019t let your dreams go. Keep your options in mind and start working toward your goals. Whatever you choose, we wish you luck in making a profit via your new business.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Starting a franchise comes with many costs: franchise fees and royalty fees can add up to exorbitant rates. Because of these rates, those with less money may feel left out in the cold, wondering how to start a franchise with no money. Because they have no investment money, they stop looking for opportunities. If this [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":5247,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[29],"tags":[],"class_list":["post-5246","post","type-post","status-publish","format-standard","has-post-thumbnail","category-tips-advice"],"acf":[],"jetpack_featured_media_url":"https:\/\/www.franchiselocal.co.uk\/news\/wp-content\/uploads\/2020\/05\/How-To-Start-A-Franchise-With-No-Money.jpg","_links":{"self":[{"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/posts\/5246","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/comments?post=5246"}],"version-history":[{"count":0,"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/posts\/5246\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/media\/5247"}],"wp:attachment":[{"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/media?parent=5246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/categories?post=5246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/tags?post=5246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}