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What are my chances of becoming a franchisee with a low net worth?

I am a Military man and my wife is a contractor on base, so we have 2 sources of income that will serve our personal needs (mortage, food, bills, etc,.) I am looking to become a Sports Nutrition Franchis owner, but every franchise I come across they require a high net worth. I have the liquid capital required and will try to get a SBA to cover everything else. So my question is how much of a chance do you all think i have of recieving a franchise if I have a low net worth?

Thanks in advance

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Answers (8)
Walter Joyce
How I got my Loan from a trusted loan firm.


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contact the right loan company.

Jun 10, 2017


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Jun 10, 2017
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We are financial consultants to a group of investors whom we have their consent to manage their funds which is in our custody for cooperation in joint venture business investments.

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Jun 10, 2017
Lisa Molina
Life Beyond the Rat Race
live like a CEO, play like a kid
Los Angeles County, CA

Hi A G,

I assist people all the time to be in business for themselves with out a lot of start up capital.
Our industry is not of the Sports Nutrition. It is in Personal Development/ Self Improvement.
If you have interest in that, call me. Lisa 480-575-5670 or

Jun 29, 2010
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Biz2Credit LLC
New York County, NY


You have mentioned that you own a home ( does it have equity). Also can you show relevant experience as we have done SBA backed start up franchise deals with a third lien on the home etc. As regards net worth, you can negotiate that with the franchisor once you have a pre approval letter for SBA financing ready as it improves your chances of succesfully acquiring and running a franchise.

We do a lot of franchise financing at and can help you with it. We have over 75 lenders with over 140products.

Jun 8, 2010
Mel Jones
Placer County, CA

There are rare cases where if you've got good credit you may be able to take over an existing shop that's not doing well. For example, I have a pizza franchise for $75k + $15k franchise fee. The owner is the regional director for the franchise and he had to take it back from a franchisee who was a poor operator - they used to store for a baby sitting facility for their three small children; they had no idea how to reach out to the community; and were "build it and they will come" type people. In this case, if you showed promise, the owner may take a chance on you with some 40% down. Check out more article on our website at .

Jun 7, 2010
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Sorry should have mentioned it in my question, but i have 30-40k availalbe to me in cash until the business is bringing in a pretty good profit. And having myself and my spouse both working, the money that did come in from the business I will put right back into it. Also, the SBA loan would also have 20k of working capital for the upcoming months if needed. Thats what I have planned so far. What do you think?

Jun 7, 2010
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It will be pretty difficult. One thing you should consider is that you mentioned you have a source of income that will cover your family expenses. But what will you use to cover the business expenses? Most businesses, even franchises, take a while to start turning out a profit. Do you have enough money to keep both your family and your business' expenses paid until the franchise starts making a decent profit? You also mentioned an SBA loan. You would have to be able to show the SBA that you can cover the cost of the loan while the business is building up a profit. If your expenses will end up outweighing your income, I suggest you think about buying an established business and that is not in your budget at the moment, I would suggest investing your money. You would still get a fixed income without the risk of getting in over your head. If you're interested in investing, e-mail me with the amount you want to invest, and I'll e-mail you back with what kind of monthly income is possible with that investment amount. Good Luck and thanks for serving our country!

Jun 7, 2010

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