Fifo Capital set for national growth and new franchise model
Financial services specialist Fifo Capital has national growth plans to double the number of existing franchises in the next 18 months, with a new franchise model in place.
Fifo Capital provides business to business fast cash flow solutions for small to medium-sized business, with an initial investment cost of $49,500. The brand currently has 46 existing franchisees, and has aggressive plans to expand.
“We have plans to double that in the next 18 months,” says Neil McMillan, managing director.
Fifo Capital is targeting regional and metropolitan areas in all states.
There is also a new franchise model in place.
As franchisees provide a working capital product, the franchise buyer was previously required to use their own funds to provide clients cash flow solutions.
“We (now) have investors lined up,” explains McMillan. “We’ve sourced the money.”
Franchisees can access capital at a capped rate of 20% per annum (or less depending on internal market demands and supply).
“Franchisees can use our money (and) service clients with no capital risk,” he says.
To find out more about becoming a Fifo Capital franchisee, click here.