Proprietary funding program augments Ziggi’s Coffee development with direct access to capital
Benetrends, a trailblazing pioneer for franchise funding solutions, has established a new $50 million proprietary funding program, allocated for direct access to capital in a new partnership with Ziggi’s Coffee. Thanks to the proven business model developed and refined by Ziggi’s Coffee, the franchisor has now established 70 locations across the U.S. and experienced astonishing growth in the last three years – an increase of over 160%. Ziggi’s Coffee recently earned a ranking in the top-half of this year’s Entrepreneur Franchise 500 (No. 246), marking their third straight appearance on this prestigious list. The promising growth of this franchisor serves as another example of a deserving brand, tapped for participation in Benetrends’ proprietary funding program. Ziggi’s Coffee can now provide their franchisee candidates with direct access to capital for future development and expansion, positioning the brand as an attractive proposition for lenders.
“Thanks to the growth and expansion of Ziggi’s Coffee franchising, we’re more than pleased to announce $50 million in proprietary funding for the brand,” said Rocco Fiorentino, CEO of Benetrends. “These earmarked funds will go a long way towards encouraging further market expansion through the funding of qualified Ziggi’s Coffee candidates who wish to purchase their first location or expand on their current cafes.”
As a franchise opportunity, Ziggi’s Coffee offers patrons a wide variety of menu items, including coffee drinks, teas, sodas, fruit smoothies, and assorted eats and treats – all served up via the brand’s trademarked double-sided drive through stations. Ziggi’s Coffee offers potential franchisees with two distinct stores to choose from – drive through only or a café and drive-through combo unit. The franchisor boasts a top-notch training and support program that includes site selection and proprietary marketing assistance, targeted to specific locations and local demographics. Ziggi’s Coffee’s value proposition is simple and direct – to provide a convenient and superior cup of coffee with service that customers can rely on.
Thanks to this generous funding allocation, Brandon Knudsen, Ziggi’s Coffee CEO and co-founder, is optimistic on the brand’s expansion plans in 2023, stating, “We’re extremely thankful to have been tapped for this strategic funding partnership with Benetrends. These funds will greatly assist our efforts to recruit qualified Ziggi’s Coffee candidates to add to our growing family of franchisees. In order to grow, you have to have funding, and this allocation will be a big boost to our future development and growth.”
Franchisors and franchisees selected by Benetrends stand to benefit from this new proprietary funding program in multiple ways. These include direct access to capital, a simplified qualification process, a dedicated Benetrends loan officer for turnkey processing, loan proposal preparation in as little as 48 hours, and loan commitments within 10 business days of lender receiving the completed loan package. For future proprietary brand funding announcements and more information on Benetrends, please visit www.benetrends.com.
Benetrends is the authority in franchise and small business financing and is acclaimed for its Rainmaker Plan® that enables entrepreneurs to use their qualified retirement plan to purchase, or recapitalize a business or franchise, tax deferred and penalty free. Benetrends originated the 401(k)/IRA rollover, funding nearly 30,000 entrepreneurs in the last 40 years. Benetrends provides a comprehensive suite of small business funding options and business service solutions. For more information, please visit Benetrends and connect on Facebook, Twitter, YouTube, and LinkedIn.