Arizona Minority Business Enterprise Center
A Federally Funded Program by the Minority Business Development Agency, U.S. Dept. of Commerce.
A Federally Funded Program by the Minority Business Development Agency, U.S. Dept. of Commerce.
Locally operated by the Arizona Hispanic Chamber of Commerce
255 East Osborn Road, Suite 202; Phoenix AZ 85304. Phone: 602-248-0007
255 East Osborn Road, Suite 202; Phoenix AZ 85304. Phone: 602-248-0007
FRANCHISING
“Growing and expanding minority business enterprises is national priority for MBDA.”
~Ronald N. Langston, MBDA National Director.
AMBEC intends to meet this commitment by assisting minority entrepreneurs in taking the steps necessary to realizing their dreams.
Let AMBEC help you take charge of your destiny by providing you the tools and guidance. Franchising is an efficient way to owning and operating a professional business and generating wealth.
Call today to get started:
602-248-0007
Did you know?
- Minorities will account for nearly 90 percent of the nation's total population growth between 1995 and 2050 according to the U.S. Census.
- Currently, 4.1 million MBEs represent 18 percent of all U.S. firms.
- MBE annual gross receipts totaling $668 billion according to U.S. Census and MBDA data.
As a franchise owner, you will not only have the tools for business success, personal growth and economic success but also help you contribute to the national economy as you generate revenues, and create jobs in your community!
What is Franchising?
According to the International Franchising Association, Franchising is a marketing method in which the owner of a product or service, known as the “franchiser”, offers the right to operate and manage his product & service to others, the “franchisees”, in return for a fee and ongoing royalty payments.
Benefits of Franchising
- Often, no previous experience required.
- You are in business for yourself, but not by yourself.
- You become part of a “proven system”
- You receive on-going training and support
- Access to product and equipment
All information provided on this page courtesy of the International Franchise Association. For more information go to:
Sources of Financing
- Small Business Administration (SBA) Loans
- Small Business Investment Companies (SBICs)
- Direct Financing from Franchisor
Are you ready for financing?
You should ideally have:
15-40% of total capital needed
A net worth of 1 1/2 to 2 times the loan amount
Solid business plan, and
Good credit history
You should ideally have:
15-40% of total capital needed A net worth of 1 1/2 to 2 times the loan amount Solid business plan, and Good credit history