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Financing options


Financing options

There are lots of sandwich franchise financing options to consider for interested and qualified candidates

A smiling franchisee stands behind the register at one of his Erbert and Gerbert’s locations.
You have plenty of choices when it comes to sandwich franchise financing, so you can pick the best option for your individual situation.

There are plenty of questions to consider when planning to buy an Erbert and Gerbert’s franchise, but few are as important as your sandwich franchise financing. The good news is that there are plenty of options to consider, especially with the low cost to open a sandwich shop with Erbert and Gerbert’s, but it can be tough to know which option is right for you. Before we get into the types of financing available, it helps to narrow down your needs by asking a few questions:

  • What is the least expensive financing option available to me?
  • What available financing is the easiest for me to obtain?
  • Which financing strategy will tie up the least of my liquid assets?
  • And the golden question: What is my best strategy for achieving my franchise development goals?

Below are the most common methods of financing the purchase of a franchise, along with the advantages of each and some things to consider.

A HELOC uses the equity you’ve built up in your house as collateral for a loan. These are highly flexible with a very low interest rate and no set repayment schedule. The amount of documentation required is small, since you don’t need to write a robust business plan or disclose where the funds will be used. This type of financing helps your business be more resilient by conserving your cash and liquid assets.

You will need to demonstrate that you can repay the loan through existing sources of income; projected income from your new business will not be considered. You can borrow up to 80% loan-to-value (80% of your home’s value followed by a deduction of any outstanding balance on a first or second mortgage); in some volatile real estate markets, such as Florida, it may be only 70% loan-to-value. Some states, like Texas, don’t allow second mortgages. Real estate appraisals are required to obtain a HELOC.

Learn more and start a conversation

If this conversation about sandwich franchise financing has you ready to learn more about Erbert and Gerbert’s, visit our other research pages. To start a conversation, fill out the form on this page, and we will reach out to further discuss the opportunity. We look forward to speaking with you!