GAME CHANGING PARTNERSHIP

It’s no secret that New Zealand’s lending landscape has become more conservative in recent times, impacting credit scores and the ability for people to obtain unsecured loans.

The tougher economic climate has also contributed to headwinds facing both new and existing business owners.
In the franchise sector, prospective franchisees face a significant roadblock when purchasing a business if they can’t secure the necessary funding through traditional means.

Forward-thinking Franchised Businesses Limited, the company behind both the Hire A Hubby and Green Acres brands, have launched a direct solution that addresses the financial roadblock for some of their would-be franchisees. 

Trusted pathway

A new strategic partnership between Green Acres, Hire A Hubby and MTF is the result of seeing too many promising franchisees having to walk away from purchasing a business because they couldn’t secure the necessary funding, says Jason Hill, General Manager Green Acres and Hire A Hubby.

He describes the partnership as a ‘game-changer’ because it provides a trusted, secure and accessible pathway for Green Acres and Hire A Hubby to assist their prospective franchisees into a viable business. “As far as we are aware there is no other franchise system in New Zealand offering this type of finance integration.”

Jason says the feedback since launching the partnership has been overwhelmingly positive. “For example, a recent successful MTF application in Christchurch helped one of our prospects secure a significant home and commercial cleaning business. With this new source of funding, existing franchisees have also been able to purchase additional equipment, which allows them to expand their business further, and in turn, improve profitability.”

Franchisees helping franchisees

“It’s true that no one understands the ups and downs of franchise life better than someone who’s living it themselves, which is why this unique new franchisee community creates a powerful connection,” says MTF partnerships success manager Jamie Moran. 
With 55 MTF franchisees across New Zealand, MTF is well placed to support the growth of local businesses. In effect, one franchisee is investing in the success of another.

“This partnership isn’t just about financial support, it’s about building lasting relationships, Jamie explains. “The shared experience and trust between us make this an invaluable collaboration.”

“It also means prospects can get in front of a real person at a local level and start a relationship to address the future requirements of their new business,” says Jason, “With MTF providing finance options to purchase all the assets required to operate the business, such as vehicles and equipment.”

Regular business advice

While the new partnership with MTF is a game-changer, Jason points out that Green Acres and Hire A Hubby franchisees have for a long time been well supported with regular financial management guidance. 

“Our team of business advisors works with franchisees on critical tasks such as budgeting and cashflow management to ensure their business always remains healthy and on track,” he explains. “This includes regular business plan reviews and goal setting sessions.

“Our partnership with MTF enhances our capability in this area too. We really like that a franchisee can visit their local MTF money expert, who also happens to be a franchisee and totally understands the local community, and can work closely with that franchisee to support their business goals.

“Both parties share a commitment to their market position and have a similar set of values. It’s worth remembering that Green Acres has been around for more than 30 years and MTF for 50 years. Our franchisees have also found that MTF provides a simple and easily accessible application process, and clear communications to help them understand the differences between this path and more traditional funding methods.”

Perfect timing

The timing of the partnership is significant, explains MTF’s Jamie Moran, “There has never been a more crucial moment to champion local business and strengthen community connections; Hire A Hubby, Green Acres, and MTF are united by resilience and the ability to thrive in any economic climate. 

“These three iconic Kiwi success stories haven’t just stood the test of time – they’ve consistently led, innovated, and expanded in the face of challenges. It’s this shared ambition and drive that creates a foundation for a successful, sustainable partnership.”  

“Green Acres and Hire A Hubby have franchise opportunities available nationwide from between $25,000 to $50,000 plus vehicle and equipment, depending on the level of income and the specific franchise type,” says Jason, “So, if you have been holding back because of difficulty with funding, contact me today to find out more about how we can now help you get started on your franchise journey.”  

See this advertorial on page 35 of Franchise New Zealand magazine Year 34 Issue 3

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