Franchising

Odd Burger offers 90% financing for franchisees

Provided

December 10, 2021

Toronto-based vegan concept Odd Burger is offering loans of up to 90% for applicable franchisees. The loans are made through the Canada Small Business Financing Program, administered by CIBC, according to a press release.

Loans through the government-guaranteed program of up to $350,000 may be used for store financing, renovations, and more. Franchisees pay no interest for six months. Previously, financing options were limited to only 66% of costs.

"Offering 90% financing will fuel our franchise growth strategy because it invites people to open an Odd Burger franchise with little out-of-pocket costs," James McInnes, Odd Burger co-founder and CEO, said in the release. "We BFP and CIBC for working with our franchise partners and making this opportunity available for potential franchisees."

Along with the CSBFP loan program, Odd Burger franchisees receive support in securing locations, lease negotiations, comprehensive training, and ongoing guidance and coaching. Odd Burger offers access to cutting-edge technology from point-of-sale systems, back-of-house order management, self-checkout kiosks, and cooking technology that prepares most menu items at the press of a button to give customers quick and consistent food every time.

Odd Burger has six locations with four in development and plans to have 20 restaurants operational by this time next year in the U.S. and Canada.