44 brands have been named with the list including a mix of food, retail and service based franchise systems.
Inclusion on the list is based on assessment against a set of criteria developed from measuring and analysing performance over nearly 30 years. The assessed criteria includes key system information, financial benchmarks, transparency measures and recognition of existing lending relationships. Franchisees of ‘Finance Ready’ brands are expected to experience an improved lender experience from the effort and investment of their franchisor.
FRANdata’s Australian CEO Darryn McAuliffe said, “We are seeing a welcome increase in interest from franchise lenders on the whole but this remains heavily reliant on brands providing good information to lenders and strong support to their franchisees. Our ‘Finance Ready’ assessment aims to recognise those brands we have identified as providing that information and building, or already enjoying, good relationships with franchise lenders.”.
FRANdata expects to add more brands to the list in the coming weeks.
The list can be found on www.thefranchiseregistry.com.au.
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