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If you’ve recently cringed at the gas pump, grocery store or coffee shop, you know that everything feels more expensive these days. But don’t let a negative narrative get you down.

Methodology

To further measure the impact of current economic conditions on Franchisors’ growth, BoeFly has released its second quarterly Franchise Growth Confidence Index. The second iteration of this report was conducted from July 7-18, 2023, and surveyed nearly 700 franchisor CEOs, CFOs, and CDOs through SurveyMonkey across several major industries, including automotive, education, fitness, health/beauty, home services, restaurant and retail.

Franchise Solutions Platform Helps Scenthound Franchisee Navigate Funding Process

NEW YORK – August 14, 2023 – BoeFly, the leading financial technology company specializing in franchise solutions, announced today that Kristen Gonzalez, a new Scenthound franchisee, has successfully secured funding through the BoeFly platform to open her first location in Miramar-Pembroke Pines, Florida.

Franchise Solutions Platform Helps Scenthound Franchisee Navigate Funding Process

NEW YORK – August 2, 2023 – BoeFly, the leading financial technology company specializing in franchise solutions, announced today that Roberto Lee, a new Scenthound franchisee, has successfully secured funding through the BoeFly platform to open his first location in Orlando, Florida.

For any franchise, buildout costs are a key consideration. In Item 7 of the Franchise Disclosure Agreement (FDD), Franchisors provide a range of estimated costs associated with opening their franchise — including buildout costs. These estimates will help Franchise Owners determine how large of a loan to secure. However, with fluctuating material costs and rising inflation, Franchise Owners can run into trouble by underestimating how much commercial buildout costs. As an experienced franchise lending partner, BoeFly helps Franchisors and Franchise Owners from all industries navigate today’s market and secure funding.

Launching your first franchise is a lot like buying a house — a big, exciting purchase that comes with lots of details and questions. If you’re getting lost in the financial lingo of franchise lenders, don’t worry. You don’t need to be an expert in finance to be successful. With a working knowledge and the right financial partners, you can be confident you’re making the right decisions.