Benetrends, a trailblazing pioneer for franchise funding solutions, has established a new $25 million proprietary funding program, earmarked solely for a new partnership with K9 Resorts Luxury Pet Hotel.
LANSDALE, Pa., March 21, 2023 /PRNewswire-PRWeb/ -- Benetrends, a trailblazing pioneer for franchise funding solutions, has established a new $25 million proprietary funding program, earmarked solely for a new partnership with K9 Resorts Luxury Pet Hotel. With more than 128 locations either open or in development across the country, K9 Resorts is yet another prime example of a franchise deserving of the opportunity to participate in Benetrends' proprietary funding program, as dozens of units are in immediate development. K9 Resorts can now provide their qualified franchisee candidates with direct access to capital for future development and expansion, positioning this up-and-coming brand as an attractive proposition for banks, lending institutions, and other franchise funders.
"We're pleased to announce $25 million in proprietary funding, as we believe K9 Resorts is a brand on the cusp of experiencing explosive growth and expansion," said Rocco Fiorentino, CEO Benetrends. "We're very excited to provide this franchisor with critical funding for candidates interested in purchasing their first unit location - or for existing franchisees in the system to expand their current operations."
As a franchise opportunity, K9 Resorts offers luxurious, state-of-the-art, medical-grade pet accommodations in a 4,000-7,000 square foot resort, featuring a business model made simple – luxury boarding and doggie daycare. According to the brand's most recent Item 19 financial disclosures, the average gross sales per unit was over $1.4 million, with an average EBITA of $482,762.
Jason Parker, co-founder and CEO of K9 Franchising, is optimistic about the brand's growth potential in 2023, stating, "Thanks to this strategic funding partnership we've developed with Benetrends, we're anxious to recruit the next generation of K9 franchisees who want to get multiple locations up and running in the near-term. Unit expansion on the level we're aiming for requires direct access to capital and this fund will go a long way towards solving those challenges. Proprietary funds such as these can fast-track financing, while cutting through a lot of red tape. It should make it much easier for franchisors like us to realize our goal of recruiting best-in-class franchisees to meet our planned expansion goals."
Franchisors and franchisees selected by Benetrends stand to benefit from this new proprietary funding program in multiple ways. These include direct access to capital, a simplified qualification process, a dedicated Benetrends loan officer for turnkey processing, loan proposal preparation in as little as 48 hours, and loan commitments within 10 business days of lender receiving the completed loan package. For future proprietary brand funding announcements and more information on Benetrends, please visit http://www.benetrends.com.
About Benetrends:
Benetrends is the authority in franchise and small business financing and is acclaimed for its Rainmaker Plan® that enables entrepreneurs to use their qualified retirement plan to purchase, or recapitalize a business or franchise, tax deferred and penalty free. Benetrends originated the 401(k)/IRA rollover, funding nearly 30,000 entrepreneurs in the last 40 years. Benetrends provides a comprehensive suite of small business funding options and business service solutions. For more information, please visit Benetrends and connect on Facebook, Twitter, YouTube, and LinkedIn.
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SOURCE Benetrends
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