Investment
Franchise Fees
The initial fee for joining the Eggless Cake Shop franchise is just £10,000 (plus VAT).
Intent to Proceed is confirmed through a deposit of £5,000. The balance of £5,000 plus VAT on the total Franchise package cost must be paid upon signature of the Franchise Agreement. The initial franchise agreement lasts for five years, which is renewable subject to certain criteria being met by the franchisee and in agreement with the franchisor.
Of course, there are also a number of other costs to consider, such as leasing and outfitting your site, business insurance, legal fees etc. These costs can vary from location to location, but we have prepared a detailed breakdown based on our current outlets which we are happy to discuss further with you.
You will also need to make sure you have a certain amount of working capital available to you to cover hiring staff, purchasing supplies and day-to-day costs while you build up your presence in the local area. We are more than happy to help you assess these costs as part of your business planning should you decide to pursue this opportunity further.
Help raising funds
While the Eggless Cake Shop franchise does not provide financing directly, there are a number of attractive options to help you with your investment.
For example, it may be possible to obtain funding from most major high street banks for some of the amount. Franchising is one of the safest and most secure ways of starting your own business, so many lenders rightfully see it as a much lower risk than a completely new start-up, and may be much more inclined to lend you money against your investment.
There are also some government funded loans which could be available, and we would be happy to point you in the right direction for more information.