Franchising Solutions Platform Assists Eric Danver In Expanding His Multi-Unit Portfolio
NEW YORK – July 14, 2021 – BoeFly, the leading financial technology company specializing in franchise solutions, announced today that experienced multi-unit operator, Eric Danver, has successfully secured financing through a conventional lender on the company’s platform.
With 19 existing units, Danver sits as Hand & Stone Massage and Facial Spa’s largest multi-unit franchisee. Through BoeFly’s assistance, Danver was able to acquire five additional Hand & Stone units and set up a line of credit for future acquisitions.
“As a longtime multi-unit franchisee, I know it is always important to look ahead and reduce any obstacles that can slow down or prevent growth. BoeFly did just that by promptly securing competitive financing for us to acquire more units,” said Danver. “Without BoeFly, we wouldn’t have connected with the conventional lender which empowered our latest five-unit purchase. More importantly, we were able to think ahead by also clearing the path for future acquisitions.”
“It is vital that a franchisor is empowering their franchisees – new and existing – to access the capital they need to grow. BoeFly’s combination of trusted experts and a proven financing platform is well respected throughout the franchise industry to streamline and simplify capital access,” said John Teza, President of Hand & Stone Massage and Facial Spa. “From our largest operators like Eric, to our first-time franchise owners, BoeFly is a trusted partner to support our growth.”
Danver has been franchising for the past 25 years, starting with Papa John’s where he built a portfolio of 53 restaurants. As a result, Danver has a keen eye on what it takes to successfully expand a multi-unit footprint and prioritized efficient financing as the first step.
“Ultimately at BoeFly, we’re in the business of helping businesses succeed. Whether it be an SBA loan for a start-up franchisee or a more complex conventional financing that might include refinance and development or acquisition lines of credit for multi-unit operators, we’re here to help,” said Mike Rozman, CEO, and co-founder of BoeFly. “Our technology platform, along with our expansive network of lenders, was built to accelerate franchising growth, as we delivered for Eric.”
For more information on BoeFly or to learn more about how the company’s extensive suite of services could support your business, visit www.boefly.com.
Founded in 2009, BoeFly is a leading financial technology company that continues to deliver innovative online tools and solutions to accelerate business forward. Led by a team of franchising and finance industry experts, BoeFly specializes in identifying gaps in the marketplace and creating customized solutions to meet changing needs. The company has developed a proprietary Franchise Sales and Finance System to meet the core needs of franchise brands and small businesses throughout the entire process, from vetting franchise candidates to matching them with lenders who can move fast.
Through its data-driven system and robust online marketplace, BoeFly is able to connect borrowers to a wide array of banks and specialty finance companies, which has accommodated over $7 billion in transactions and supported more than 600 unique franchise brands. BoeFly’s pioneering technology and products have allowed the company to offer flexible options and serve businesses at all stages of development, from established brands with thousands of locations to emerging franchisors and startups. For more information, visit www.boefly.com.