Vancouver Island Restaurant Franchise
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Vancouver Island Restaurant Franchise

Following significant sales growth, a pizza restaurant franchise owner was looking to add a second franchise location to his portfolio, and had secured an investment and operational partner to pursue expansion with.

Issue

Together, the clients had sourced a franchise to purchase, ideally located in a quickly growing adjacent community. They had negotiated a purchase price and undertaken preliminary discussions with lenders to finance the purchase, obtaining one offer.

Solution

At this time, the clients met Ashdown Capital’s Andrew Still, who came aboard to ensure that they were securing the best possible financing solution. Upon review of the clients’ position and prospects, Andrew was confident that he could secure stronger terms for the purchase.

Andrew repackaged the deal, highlighting the strengths of the clients’ current business operations, as well as the opportunity presented through the new franchise’s sales history and location. He then distributed it to his established network of lenders. The successful lender ultimately provided a more favourable rate and terms than the client-sourced deal, while also offering line of credit facilities and cost-saving refinancing for previously-held bank debt.

The clients are now well on their way to duplicating their success through their new, bustling franchise location.

Client Testimonial

“Andrew and the team at Ashdown were great to work with. They were always very responsive and took the time to find the best lending lending partner for our businesses.” –  Jason Gray, Owner, Woodside Pizza Corp.

Services Used

  • commercial mortgage
  • line of credit
  • term loan