BoeFly Selected To Assist Johnny Rockets Franchisees Obtain Bank Financing

Jessica SarterPress Releases

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The Johnny Rockets Group, Inc., a leading global restaurant chain providing a classic all-American experience, has selected BoeFly to assist its franchisees in obtaining bank financing.

Nearly half (49.2%) of the respondents in a recent survey by the IFA of its members identified “financing/access to credit” as the top issue of concern to franchise business leaders.  In response to this concern, and bolstered by its success in helping many individual franchisees obtain financing, BoeFly created a portfolio of services for the franchisor market. Through BoeFly, they can offer their franchisees access to a network of lenders through the posting of a single loan request on BoeFly’s Internet-based loan exchange, assistance in creating an effective loan request, and support managing lender inquiries. BoeFly uses proprietary matching technology to connect franchisees with lenders to ensure that their loan package meets specific lending criteria, increasing franchise revenue by helping franchisees connect with the capital they need to open their businesses.

Founded in 1986, the Johnny Rockets Group, Inc. is a global restaurant chain known for its simple, great-tasting food from a menu of all-American favorites that includes hamburgers, American Fries, classic sandwiches and award-winning shakes and malts. In addition to 69 restaurants in 17 non-U.S. countries, the brand currently boasts 216 domestic restaurants in 32 states, 23 of which are host to less than five locations.

“There is no doubt that the Johnny Rockets brand has a reputation that is much bigger than our footprint,” stated Tom Cuddyer, Manager of Financial Planning and Analysis for Johnny Rockets. “With restaurants located in amusement parks, on board cruise ships and in the heart of tourist destination centers, around the world, our visibility is very high, but we have a lot of room to grow.  In fact, we currently have a number of exclusive development territories available for franchising, throughout the U.S.”

Cuddyer added, “Through BoeFly, we hope to help our franchise partners efficiently secure financing to help us achieve critical mass in key markets, allowing our company to recognize advertising efficiencies and allowing our guests to enjoy our dancing servers, bright, cheerful ambiance and menu of favorites at home, as well as where they travel to have fun.”