Financing Your Franchise
One of the biggest concerns among emerging entrepreneurs is, “How can I afford to start this new endeavor?” The better question is, “How can you afford not to?” You cannot put a price tag on a better way of life, freedom, and independence for your family and yourself. Here at Ram Jack we understand the urgency in financing your future, that’s why we’ve partnered with financing firms to help you along the way.
There are nearly endless methods of financing available. Here are some of the most common.
- 401k Rollovers – No tax penalties and can be combined with a spouse or partner
- SBA Loans – $100,000 – $5 million
- Unsecured – No collateral needed, interest only accrues as funds are used
- Portfolio – Leverage up to 80%, zero credit requirements
- Equipment Leasing – Allows liquid capital to remain liquid
Committing to a franchise is a big decision. Here are some of the questions we are frequently asked.
Q | What kind of experience should I have?
A | While there are not specifically required experiences, we have recognized a higher level of success from individuals that have been successful in managing/ owning a business. Construction experience is also very helpful as it will shorten the learning curve on the technical aspect of the business and feed from your contacts in the industry.
Q | What is the investment level of the Ram Jack franchise?
A | The investment level will range from $119,000 to $240,000 depending on your current assets. This will include your initial franchise fee of $30,000, starter equipment, and capital to get the business up and running.
Q | What kind of support will I receive?
A | Every department at the International Support Center has been created as a customer service and training organization. We currently offer initial training that will help you get registered to do business and setup your accounts. Ongoing training at your location includes; Sales, production, relations, and business development. We also offer an online library of training and marketing materials available anytime to our franchisees.
Q | What are the benefits of being a franchise?
A | With our franchise there are many benefits over doing business as a vendor or on your own. You will have access to our proprietary technology and manufacturing facility, you will get a protected territory, initial and ongoing training, and the ability to utilize brand recognition of the INDUSTRY LEADER!
Q | What are the keys to success?
A | The primary trait we look for in our franchisees, is the ability to be coachable. We have over forty years of experience and an international network of operators who are here to help shorten the learning curve and prevent bad habits by following the Ram Jack system. Choosing a territory to operate within that is logistically attainable and has the proper demographics to support your business.