Have you considered franchising and now you're trying to figure out how the heck are you going to finance this new endeavor? Many people come to us thinking that they have to have the full amount in cash ready to go, although some people do choose to go that route, it's definitely not the only solution for you. 

Rob’s Rollover Business Startups

Luckily, there are several other options available. You can go the SBA route or even a personal loan, but there is also another option that you can use, and it's called the Robs Rollover Business Startups. This is a financing solution that allows entrepreneurs to use their existing retirement savings to open a franchise without incurring early withdrawal penalties or taxes. 

This process involves rolling over the existing 401k or IRA into a new 401 that is created for the business being started. It's important to note that the Rob strategy is complex and requires some strict adherence to IRS and Labor Department regulations.

Penalty Free

Normally, when you withdraw money from a retirement account before the age of 59 1/2, it can result in significant tax and penalties. But a Rob allows you to use the funds before that age without any of these penalties. Also, this would mean that you would have no debt obligation. 

Unlike loans, the money used from a Rob's is not a loan from a bank or another lender, so there is no monthly payments or interest rates that you have to worry about. This can help maintain the cash flow, especially in the early stages when you're getting your business started. 

If this seems like an interesting option for you and you'd like to get more information, let's connect.