Setting up a franchise without funds is a form of fraud.
Can we ask for money (investment, entrance fee, royalties) to franchise candidates if you do not even own yourself a minimum equity in the constitution of the franchise?

Young franchisor, be careful: the feasibility study of your franchise, the financial study and business development plan, and the legal documents (franchise agreement, Disclosure document), require the investment of a substantial budget.
Thus, any "Experts" counsels who abound on the market with a low-cost budget can only lead the young franchisor to serious problems in the short term.

Private equity, which is the management of owners’ equity, is there to help the young franchisor to have the means of his development policy.
There is a great amount of such investment funds that can range from angel business able to invest one million Euros in your capital to the big investment fund which will be able to invest 1 billion Euros!
In terms of private equity, there is something for all tastes.

The CEDRE regularly organizes meetings with private equity on one side and the young franchisors on the other. These meetings are called   the CEDRE finance workshops.
For example, Skywaters (Mr. Rodmann) met private equity X Angel at a CEDRE workshop in 2006. The latter invested in the capital of the young franchisor. All thanks to the CEDRE!