Below is a Recent Case study of how we obtained finance for the purchase of a Kwik Kopy Franchise.  This case study proved to be one of our most complex yet, hence we are confident that we assist you with Kwik Kopy Finance.  Contact Us or complete the form at the bottom of the page and we’ll get in touch with you.

I struggled to work out how to classify this loan deal as it had so many different components to it.  Ultimately the client came to us because he wanted to finance the purchase of a Kwik Kopy Franchise.  But he and his sister also wanted to purchase land from their parents, which ultimately would become their investment property.

Why was it so complex?

Firstly, we had to finance the franchise, hence this required a Business Plan and Cash Flow plus supporting documents including (but not limited to) leases, financials, tax returns  and payslips.

Whilst we were able to secure part of the loan against the franchise (60%), we still had a short fall of funds for the buyer to complete the purchase on the agreed sale price.

Luckily the clients had two properties which they owned.  One a rural property, and the other a residential house in suburbia Melbourne.

The clients chose to use both properties as security.  The rural property had to be re-financed which required us to work with the rural lending requirements of the bank.  Rural lending is not as straight forward as normal residential property, none the less this was not as involved as the next component their residential property.

As a family they had built a second house in the back yard of the parents property.  Their intentions were to sub-divide the property with the second house being an investment property with its own title, but they never got around to completing the sub-division.  The client’s wanted to then buy the land that the house occupied from their parents (as their parents owned the whole block) so the second house and land in which it occupied would become their (the clients’) investment property.  And ultimately this second house would then be used as security to secure the loan to purchase the Kwik Kopy Franchise.

Normally this would be fine but as the land had not yet been sub divided there was no title for that second property.  Hence we had to work with the client whilst they were pushing the sub-division through the respective authorities.

To add a level of complexity to all this work, while the clients were in the background negotiating the purchase of the business, we had a very limited time and needed to get the conditional approval in order for the Seller of the Kwik Kopy to accept our clients offer on the Franchise.

We are glad to say we were able to get it over the line.  This is what we were able to achieve

– One Business Loan secured against the Kwik Kopy Franchise – Funds to go towards the purchase of the Franchise

– Business Loan secured against the Residential Property & Rural Property – Funds to go towards purchase of the Franchise

– Investment Loan – Funds to purchase the land from their parents in which the Investment Property Occupied

– Refinance of Rural Property Loan – At lower rates than they previously had

– Refinance of the initial Loan on the investment property – Funds were initially used to build the house.

So, if you have a complex Franchise or Business Loan deal put us to the test.  Complete the contact us form below and we’ll get in touch with you.

If you are looking to purchase a Kwik Kopy Franchise you may wish to visit their website here?

Here is another case study of how we assisted a client purchase Kwik Kopy Franchise

Or our Sister Business BF Brokers may have some Kiwk Kopy Franchises For Sale here.