Renew Crew is a unique home-based franchise (or one that can leverage the infrastructure and overhead of an existing business) that offers you a low-investment, yet high-reward opportunity. Designated by Entrepreneur magazine as on of the country’s fastest growing franchises, Renew Crew is the perfect choice for smart entrepreneurs or existing business owners looking to secure a new source of revenue.
As a Renew Crew franchisee your initial investment will range from $36,300 – $71,125 (as seen below in the initial investment table as outlined in the Renew Crew Franchise Disclosure Document). During your capital planning and business plan review call with Outdoor Living Brands’ CFO, Corey Schroeder, you will be asked to consider items outside of the initial investment table including any personal living expenses and/or salary needs at the start your new business.
Our team will work with you to help answer any and all questions you may have regarding the proper initial investment in a Renew Crew franchise.
Outdoor Living Brands also offers in-house financing for up to half of your initial franchise fee with a low interest rate and will consider requests to defer payments until your business is operational. Our team will help you to consider how to properly capitalize your business to provide a strong foundation for growth.
Below is an illustration of some of the tools, equipment and expenses you may face in your first year:
Initial Franchise Fee/Start-up operating capital
Outdoor Living Brands offers financing opportunities for up to half of the initial franchise fee at a very low interest rate. We create custom opportunities that will help you succeed in your first year.
We also have valued and trusted partners that can assist with your funding needs. Tenet Financial Group, Guidant, and Benetrends have all worked with franchisees in the past to help them utilize home equity, retirement accounts, and 401K accounts, or borrowing against marketable securities to fund their new business
If you will need to acquire additional funds outside of sources of equity that you already have for your new business, we have several partners that may be able to assist including:
- Strategies for Small Business
- Superior Financial Group
- Diamond Financial
- Funding Solutions
Loan brokers and non-bank specialty lenders are available, upon request, for those individuals who are interested in Small Business Administration (“SBA”) Express loans under $25,000. Renew Crew has been pre-vetted by the SBA and their resources for small business can help you to find local SBA lenders in your community.
In addition, local and community banks are also a great source for acquiring capital to help fund the launch of your new business. As you explore Renew Crew, contact your recruitment consultant for help