How do I finance my franchise?

Put your Money where your Heart is
Funding a project that you are passionate about is not as difficult as it may look. I Can Read is a trusted brand with over 160 centres located in Singapore, Australia, Bangladesh, China / Hong Kong SAR, India, Indonesia, Mongolia, Malaysia, Myanmar, Oman, Pakistan, Vietnam, Thailand and United Arab Emirates.

Our franchisees have tapped into a variety of financing resources ranging from personal savings, company loans, conventional loans and home-equity loans. I Can Read is also looking into dedicated partnerships with large lending institutions in your country to help make loans easier. Before we can offer this to our franchisees, here are some ways to fund your I Can Read dream.

Local Banks

One of the best ways to get a loan is from your local bank. Such a loan is supported through guarantees from Small Business Administration loan options. They are less restrictive and tend to favour brands with a regional presence like I Can Read.

If you have the cash to invest in your dream it is definitely an excellent method. The I Can Read franchise fee ranges from US$40,000 to US$80,000; however more is required for rent, renovation and overhead for the first year.
A cash investment means you can focus on your dream without distractions from third parties, tax penalties or high interest rates.
Home Refinance/Equity Line of Credit

Property secured loans tend to have the lowest interest rates of all loans and are also amongst the easiest type of loan to obtain.  Potential franchisees may look into refinancing their properties to free up some cash to finance their dream. Additional funds could be secured though a line of credit based on a portion of your property ownership equity which can help with overhead and renovation costs.
The Bottom Line

A typical investment for an I Can Read centre franchise starts at US$200,000. However, we advise franchise owners to set aside US$300,000 with at least US$70,000 as liquid capital. This amount may vary depending on the number of licences you’re purchasing as we do offer multi-centre packages.

Your cash outlay also depends on factors such as whether you’re building a centre from scratch or refurbishing an existing property. 

For more information, please fill in the franchisee request form for an I Can Read representative to walk you through the process. You will find it easier to reach your dream than you think!

Get in touch with us today!

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