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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.