Financing A Nursery Franchise

Mumsnet recently published a story about our Monkey Puzzle day nursery in Mitcham focusing on the  finance loan they received from HSBC.

As with any new business or franchise the initial capital investment is crucial to ensure the business hits the ground running.

It is a fact that High Street lenders are more likely to agree loans for new start ups that are based on a franchise model.

Why? Well a successful franchise business model has a proven track record and therefore has less risk attached to it, which will tick many boxes in the loan process.

The Monkey Puzzle Day Nurseries franchise network has grown exponentially over the last decade and our positive relationship with High street lenders has played an important role in that growth.

In the case of Mitcham they secured a finance loan of £150,000 with HSBC and this funding has been used to develop the new location and purchase equipment for the new nursery including the outdoor playground facilities.

The nursery has the capacity for 74 children and will create 20 new jobs for the local community.Save

Monkey Puzzle Mitcham was founded by husband and wife Kerubu and  Sherry Owolabi and will provide a much needed education resource and will play a role in Mitcham’s ongoing regeneration.

Commenting on the the financial support offered by HSBC, Kerubu said, “We’re thrilled to open our new nursery and welcome local families. HSBC’s support has been integral to the development of Monkey Puzzle Mitcham, from the initial planning stages when we were looking for a suitable site, to the very final coats of paint. With the funding we’ve been able to create a modern nursery, ensuring the children in our care will get the best materials and teaching required to support their development.”

If you are interested in opening your own childcare facility and are not sure where to start, get in touch with our nursery franchise team or register for our free information pack.