The Franchise Magazine:
Contract cleaning franchise Jani-King has introduced its new Flexible Franchise. This new initiative was introduced in response to the dramatically fluctuating global financial conditions.
The new Flexible Franchise offers a significantly lower entry level investment to the Jani-King system, giving motivated entrepreneurs a foothold on the ladder to building a £1 million plus turnover business.
Jani-King Chairman Ian Thomas says: “The reduction in available finance from the banking community which has driven down bank lending ratios for new businesses, coupled with the downwards pressure on house prices which is reducing available equity on which to secure loans, has meant that many traditional management franchises have become unaffordable for people who still have all the right qualities to make a successful franchisee.
“Cleaning is a relatively recession-proof industry, which makes this an excellent time to invest in a contract cleaning franchise. We cannot let problems with bank funding prevent those people with the right skills and motivation from realising their ambition to start their own business. So we have moved swiftly to develop a new product, which responds to the current market conditions. More.