When you start searching for a franchise to own, you’ll want to have a good understanding of your financial qualifications. The first place franchisors look is at someone’s net worth. This blog post explains what net worth is and why you should know yours.
How to Calculate Your Net Worth
It involves nothing more than addition and subtraction. Read more.
Why Franchisors Care About Net Worth
Net worth is a quick way for a franchisor to assess your financial qualifications. It speaks to how well you manage money.
What Net Worth Do You Need?
Franchisors have minimum financial qualifications for liquidity and net worth. The amounts for them will depend on each franchisor and the business model of their brand. Here are two examples.
Who Has $100,000 Lying Around?
Very few people do. Common sources of cash are Home Equity Line of Credit, savings, CDs, stock market, and retirement fund investments.
To learn more about a franchise’s liquidity and net worth requirements, call or text me at (706) 736-0579, reply to this email, email me at [email protected], or book a call with me using the yellow button.
