Franchise Ignition Reduces Start Up Costs 50%
The first program, Franchise Ignition, represents a very significant reduction in a K&N Mobile Franchisee's start-up cost. Through the program, a new franchisees start-up investment will be below $75,000. With Franchise Ignition, K&N will now finance up to 80% of a new franchisee's start-up inventory for a period of 12 to 24 months. This ensures franchisees will need lest start-up cash for the two greatest expenses associated with starting a K&N Mobile Franchise - the truck based "Mobile Parts Store" and the franchisee's start-up inventory.
CashFlow Accelerator Delivers Weekly Electronic Payments
Financing receivables has traditionally been a franchisee’s biggest headache. Within the parts industry most customers expect thirty to sixty day credit terms, meaning suppliers have little choice but to carry that debt load. But with K&N Mobile’s second new program, CashFlow Accelerator, franchisees will receive money from sales almost immediately. K&N Mobile will finance each franchisee’s receivables and electronically transfer funds from sales on a weekly basis — even though the franchisee’s customers will continue to receive net thirty days credit terms. This “weekly paycheck” will essentially eliminate $10,000 to $20,000 in working capital requirements for each franchisee’s business.
Proving Our Dedication to Franchisees’ Success
Taken together, these two programs represent a true game-changer in the way K&N Mobile franchisees can operate their businesses. With Franchise Ignition and CashFlow Accelerator, K&N Mobile franchisees will now be able to:
- get their businesses up and running faster
- enjoy immediate returns on their investments
- compete more effectively and efficiently in the marketplace
Needless to say, all of us at K&N are very excited to offer these programs. We believe that K&N Mobile Distribution delivers the best ROI – by far – of any franchise concept with a start-up cost below $70,000.