It is still a good time for franchise lending, especially for quick-serve franchisees. Lending to franchise businesses decreased by 3.64 percent from June to July following a 5.73 percent increase in June, according to the Franchise Lending Index from the International Franchise Association (IFA) and BoeFly. BoeFly is the premier online marketplace connecting small business borrowers with lenders and a strategic ally of IFA to expand credit access within the franchise community.
The year-over-year performance continued to grow consecutively this year, with a 1.43-percent increase from July 2011 to July 2012. The IFA/BoeFly Franchise Lending Index is created from a monthly analysis and integration of both proprietary data from BoeFly’s marketplace and franchise loan data from the Small Business Administration (SBA).
BoeFly’s data is collected in real time, based on the activity of more than 2,200 community, regional, and national lenders. BoeFly’s analysis showed strong growth of 28 percent in lending to quick-serve franchisees in July 2012 versus July 2011 with self-serve yogurt shops leading the pack.
“Despite the drop in credit access this month, it is encouraging to see a seventh consecutive month of year-over-year growth,” says Mike Rozman, co-president of BoeFly.
“As credit access continues the slow climb out of the lows of the financial crisis, our data show that lenders are first turning to industries they understand well, such as restaurants,” Rozman says.
Whether you are purchasing a franchise or starting your own yogurt shop Calypso has the complete turn-key packages for ice cream and frozen yogurt shops that you need. A self-serve yogurt shop POS system must have seamless integration to a POS scale to calculate the cost of merchandise based on weight of what the customer is looking to purchase. No need to re-key a weight manually. The POS reads the weight from the scale automatically reducing employee error. With the Tare Weights the POS will reduce the weight by the weight of the cup and can configure multiple cup sizes. Calypso point of sale software systems feature an optional tracking of recipes, inventory, and ingredients, eliminating all the guess work.
Calypso offers the most affordable restaurant POS system. This straight forward, simple to use software features simple department driven menu screens that drastically reduce training time and enables fast, accurate service. Our point of sale system can process credit, debit and gift transactions eliminating the need for additional processing equipment. Calypso’s point of sale systems software features flexible order routing to kitchen/prep area for increased speed and order accuracy. With control in and out time you can manage your highest business expense – payroll.
Once you decide to purchase a franchisee or to open your own quick-serve shop Calypso has the point of sale software systems and cash registers pos equipment for your business. Calypso’s point of sale system has built in QuickBooks integration, kitchen video displays, inventory management, barcode scanning, digital surveillance integration, employee time clock and a labor scheduling module. Contact Calypso today at 800-771-7100 to get started!