Franchise Laon

To obtain franchise financing, the following conditions must be met:

• The applicant must be of Saudi nationality.
• The applicant’s age must be between  25 to 55 years.
• The applicant must have a qualification of no less than a high school diploma.
• The project must be new.
• Brand approval for franchising.
• It is allowed to own or have a partnership in a different facility other than the facility to be financed.
• The applicant is required to own an equal or higher share if there are partners in the project.
• A minimum self-contribution of (20%) is required.
• A maximum investment cost limit of (12 million ♦) is required.
• A maximum annual sales limit of 3 million ♦ is required.
• Passing the personal interview.

To obtain franchise financing, the following requirements and files must be provided:

• A photo of the national ID.
• A copy of the academic qualification.
• Biography.
• Copies of experience (insurance certificate/proof of previous commercial experience/experience certificate from a government agency).
• A copy of the commercial register (if any).
• A copy of the articles of incorporation (if any).
• Project business plan file/feasibility study.
• A letter of approval from the donor to use the trademark.
• A letter of no objection to conduct an external credit check on the company and guarantors.
• The ability to provide a guarantee with a coverage rate of no less than 100% of the financing amount.
• Fill out the guarantees declaration form (to download the file click Here)