Marco's Franchising LLC, which operates Marco's Pizza restaurants, has created several financing tools to assist current and potential franchisees.
To help with store down payments, Marco's introduced a private equity fund that can invest $50,000 to $100,000 per store. The company also is developing a $50,000,000 private equity fund that would finance up to $250,000 of a new store's cost, depending upon the franchisee's investment. Those eligible for both programs must either have proven experience in the franchised foodservice industry or be current Marco's Pizza franchisees.
The company has grown more than 10 percent in the first half of 2009.
"Marco's Pizza's year-to-date growth is outstanding given the tight credit environment," said CEO Jack Butorac. "These financing tools were recently introduced to help increase Marco's growth rate through franchisee candidates and expanding franchisees facing credit challenges."
Marco's offers franchisees the opportunity to lease complete stores through its captive leasing company. The program can provide up to $200,000 in financing for a new store. Marcos also is developing a new leasing program that can provide up to $125,000 of equipment-only financing per store.
Other services Marco's provides includes the arrangement of loans for 60 percent to 80 percent of a new store cost. The company also has established a new loan loss subsidiary that will guarantee up to 20 percent of the loan amount.
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