Franchising Ventures Group Formed To Fund Development Of Franchising

Franchising Ventures Group, a firm dedicated to providing funding and management to franchise established businesses with multi-market growth prospects, has been formed in Dallas, Texas.  Entrepreneur and investor Steven Bergenholtz will serve as president of the firm, with Cole Patterson, a venture capitalist and financial manager, serving as chief operating officer.

“We believe that we have an innovative business model that answers the needs of many companies with franchising potential,” Mr. Bergenholtz stated. “We bear all of the costs of developing and marketing the franchise program and also manage the entire process of building the franchise network.”

“We are aggressively seeking companies that have a proven, successful business that can be cloned regionally or nationally,” Bergenholtz added.  “The benefits of franchising to such businesses can be very significant in terms of accelerated market penetration with strong sales and profit growth.”

“For the right business, we will make a commitment of up to $1 million for franchising plus a full management commitment to see that the program is successful.” Profits from the program will be shared between Franchising Ventures Group and the business being franchised.

Bergenholtz said that the firm is particularly interested in considering retail, light manufacturing or service businesses.  Franchising Ventures Group main web site is located at http://www.franchisingventures.com and can be contacted at 972-517-2666.

The firm also plans to utilize the specialized services of outside consultants whenever the need arises to inject such capabilities into the process.  One of the key consultants is Nathan Morton, who rapidly expanded computer superstore retailer CompUSA from $60 million in sales to a multi-billion company as its chairman and chief executive officer.  He has been involved with a number of retailing and technology companies over the years. 

“I believe that the approach being undertaken by Steve and Cole should prove to be a winning concept, and I look forward to working with them on projects as they are identified,” Morton said.