Franchise financing is a large part of the decision to purchase a franchise in Canada and grow and profit that business. Canadian franchisors themselves, rarely, if ever, provide the financing for you to purchase your business. That should not be a mystery to the entrepreneur, because the

Franchisor uses your funds to continue to grow their franchise empire! That’s how franchisors prosper, grow, and build and sell more units. Many franchisors use funds received from your investment, build a company store, and then sell it as a franchise. This is a very strong and proven business model – so the bottom line is of course – You are on your own with respect to franchise financing.

It is important therefore for the business person to take some careful time and plan around how they will arrange their franchise financing.

Naturally at the same time you want to due a fair amount of due diligence around the basic finances of the franchise you are looking at. By that we mean that different franchises require different levels of capital. For example if it is a purely based ‘SERVICE ‘ franchise then you can expect that financing costs, and therefore your own investment will be significantly smaller than a business requiring more assets and capital expenditure .

As a prospective franchisee you have many legal rights around the financial disclosure that is made to you by the franchisor. You should therefore ensure that you use all options and information available to yourself with respect to understanding how the franchisor is financed, what type of financing is generally needed and recommended from yourself, and what affiliations or efforts a franchisor might make with respect to assisting you in financing the business. We have said very clearly that franchisors won’t provide you the financing, but based on their success and reputation in the market place they might be in a position to have set up a program with lenders in the marketplace such as banks or independent finance companies.

We strongly recommend that if business owners considering buying a franchise don’t feel 100% comfortable with financial jargon, current market financing conditions, etc, that they should engage the services and advice of a trusted financing advisor with expertise in Canadian franchising .

References with respect to financing should also be checked, by that we mean that in your discussions, negotiations, and disclosure made by the franchisor you should obtain a strong sense of what general financial performance you can expect from your investment. If you think you wish to grow a million dollar business and your investigations reveal that no other unit in the chain is close to approaching that revenue number, well, you get the picture, right?? Time to re think your investment and your proposed financing.

Every business and industry has an acceptable debt and equity ratio. By debt and equity we of course simply mean how much you are going to put in, and how much you will borrow. You want enough working capital and cash flow to grow your business, but you do not want to become over leveraged. That’s the balancing act in any business quite frankly.

In Canada franchises are primarily financed by your own investment in the business, as well as the Governments CSBF program. This is a solid
loan program used by a huge proportion of Franchisees in Canada.

Our firm has found that a combination of the entrepreneur investment, the CSBF loan, as well as some innovative leasing and working capital
strategies allow the franchisee to be adequately financed , therefore providing a much stronger chance of business success and profits!

When you are considering the choices that are offered to you in the way of insurance dental plans, take the time to look at what they offer closely. There are several key features you should use to compare one company to the next.

· The overall cost of the plan. While this may be the first thing that you actually look at, a low cost dental insurance plan may be quite limiting. It is essential to look at the costs, but only in comparisons with these other factors as well. The best overall deal will provide you with all you need and be affordable.

· The dentist coverage. Like some medical insurance plans, some individual dental insurance plan policies will limit which dentists you can visit. Or, some may cost you more to visit than others will. The goal is to find out if your dentist is on the plan or if you will have to get a new one. If this is not something you want to do, then the plan is not worthwhile to you.

· The deductible. The cost of the plan is only one part of what you will pay. The second is the deductible that you will pay. This amount can often be changed to a bit higher to lower your monthly payment. In any case, you will want to make sure that you can afford this payment before purchasing the insurance.

· The plan. Often times with dental insurance, there are some procedures that may not be covered or they may only be partially covered. You need to notice what these things are and insure that anything that you know you will need, or may need in the future is covered.

The cost of dental insurance is often quite expensive and therefore it makes dental insurance cost effective. Yet, it is still quite important to spend the necessary time to compare prices and to do your research about the products.

CCCD.co makes it easy to buy health, dental, or prescription drug plans in Canada. Three easy ways to buy – online, download and print, or by toll free phone. And you can quote and shop online before you buy!

Building your custom coverage is easy :

* Select your base health insurance plan.
* Add an optional dental insurance plan.
* Add an optional drug insurance plan here.
* Add optional travel insurance
* Add optional hospital cash.

Use an easy calculator to quote your custom health, dental and drug insurance plan. Quotes are based on the number of individuals covered by the insurance and the age of the oldest individual applying.

Three easy ways to apply:
* Apply Online
* Download an application and return it by mail
* Call them toll free