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Friday, 02 August 2013 07:03

Nedbank partners with Taste Holdings to launch new franchisee funding model

Taste Holdings is leading the way in the franchise game. Nedbank, in partnership with Brimstone Investment and Taste Holdings, has launched a new funding model for potential franchisees who have the ability but lack the start-up finance.

Franchisees usually have to contribute 50% of the costs. But now they will only have to come up with R125 000 of the start-up costs of a Fish & Chip Co fast-food franchise, which is worth R675 000. The  balance is to be funded by Nedbank.

Taste Holdings CEO and Endeavor Entrepreneur Carlo Gonzaga said this funding model was a "first to market" in that a third party was taking some of the risk. 

[Read the full article here]