Autostone Group secures full funding for new franchisees

West Sussex-based business Autostone Group has become the UK’s first mobile One Solution repairs franchise to secure 100 per cent funding from Startup Direct for new franchise partners.

Startup Direct will provide a personal loan of up to £25,000 to fund a Autostone franchise business in any of its available territories. Partners planning on starting a Autostone franchise business together will be eligible for a loan of up to £50,000.

Funding will cover all the elements of the Autostone franchise package, including the Franchise Agreement, currently on offer at £25,000 plus VAT, and working capital requirements for year one.

New franchise partners will also benefit from a nominal fixed rate of interest at 6.2 per cent over five years, which guarantees easy-to-manage and affordable repayments for the duration of the loan, as well as no requirement to put down a deposit. Additionally, Startup Direct will provide 100 hours of free business mentoring worth £5,000.

Autostone Founder/ CEO Mark L Davis says: “We are delighted to be working in collaboration with Startup Direct. “Securing government-backed funding from Startup Direct for new franchise partners is a true testament to the robustness of our franchise offering. This is an incredible opportunity for any individual hoping to run their own franchise business.” Further info follow this link https://www.autostone.co.uk