Allied Brand Capital (ABC), VP Racing Fuels’ exclusive financing partner, today announced a special Franchise Financing Program for Subway franchisees available exclusively to VP-branded dealers. The program features a 50% discount on the initial franchise fee for first time Subway franchisees. Normally $15,000, the discount reduces the franchise fee to $7,500, according to Mike Cerminaro, President and CEO of Allied Brand Capital.
“ABC’s program is available to VP Racing Fuels-branded c-stores that are in good standing with VP,” said Cerminaro. “In addition to the franchise fee, ABC provides financing for franchise projects up to $1.5 million, including leasehold improvements, signage and branding elements, POS systems, related food service equipment and working capital needs.”
ABC offers up to $150,000 per Owner/Operator on an application-only program, on approved credit, and up to $1.5 million with additional financial information. Up to 100% funding is available with single digit interest rates up to 60 months. “ABC can structure and deliver flexible, affordable franchise financing solutions that work for our VP-branded dealers,” said Alan Cerwick, President of VP Racing Fuels. “We like the fact that they make the entire process quick and efficient and our dealers work with a single point of contact at ABC, every step of the way.”
“ABC is a leader in specialty equipment financing offering high quality, value added, integrated vendor financing solutions for fuel marketers/jobbers and dealers,” added Cerwick. “We’re pleased to partner with Mike and his team to offer our VP-branded dealers yet more added value to our already robust retail branding program.”