Before contacting the firm to enquire how much it will cost to open a Liquid Capital Franchise in your area, it would be helpful for you to get a glimpse of what the company stands for.
With its focus on factoring, Liquid Capital Corp is an international network of Franchise Principals that offers financial services. Accounts Receivable Funding (ARF) is another name for the practice where liquid capital principals acquire client bills with approved credit, and immediately advance cash, often approving invoices of 75 percent to 80 percent of the invoice.
Small, growth-oriented companies as well as established, mid-sized businesses are among the clients. These businesses frequently need extra capital when their cash is locked up in accounts receivable, and obtaining funding from banks and other conventional sources is a time-consuming and difficult process. Note that businesses can expand their markets, introduce new product lines, or deal with the seasonal ups and downs by using factoring.
Liquid Capital also provides a range of receivable management services, such as the processing of credit checks, collections, and receivable administration. In the franchising sector, Liquid Capital is the sole full-service factoring business. Factoring has been used for a number of years. Every continent uses it, and the total yearly global volume exceeds $2 trillion.
The Cost of Opening Liquid Capital Franchise
You should have a minimum net worth of $100,000 to purchase a franchise with Liquid Capital. Franchisees should budget between $225,000 for their investments. Note that they provide financing through a third party and give veterans a discount ($10,000 off the franchise fee).
The Ideal Candidate Liquid Capital Needs
The ideal candidate for Liquid Capital aims to support small businesses in their expansions by giving them access to operating capital that resourceful companies can have. Franchisees need to network and have a net worth of at least $300,000.
Steps on How to Open a Liquid Capital Franchise
1. Have Enough Capital
You would need a net worth of $100,000 to open a Liquid Capital business.
2. Know The Financial Commitment Needed to Open a Liquid Capital Franchise
You should take into account the costs of construction and signage, licenses/permits, uniforms, insurance, and other expenses.
3. Consider Your Past Experience and Strength
When you are considering opening a Liquid Capital Franchise, you should carefully assess your prior business experience.
4. Scrutinize The Supply on The Market
You should research the market before considering the application for Liquid Capital franchises, and also check if there are markets available in your target location.
5. Send In Your Application
The Liquid Capital franchise team will examine your application, then you will get an email confirming receipt of your online application. This will also include the franchise owner’s contact information.
6. Get Approval To Start Your Liquid Capital Franchise
You will be given franchise clearance after the results of your background and financial checks. Note that only applicants who meet the requirements of franchise owners would be approved.