Price Attack hair care franchises now benefit from NAB accreditation

Franchisees in the Price Attack network of hair and beauty franchises now have access to a range of financial and other banking products, with the national chain receiving franchise system accreditation from NAB.

For Price Attack franchisors Barry and Carol Jarred, having accreditation will make Price Attack hair and beauty franchises more attractive to franchisees.

“Any change to our franchise system which ultimately makes the ownership of a Price Attack store easier from the beginning is a wonderful business move and this is an example of Price Attack’s commitment to building and developing the brand,” they say.

The main point, Mr and Mrs Jarred explain, is that now Price Attack franchisees have the potential to borrow 60% of the total set up cost of a new franchise, or purchase cost of an existing franchise, without necessarily providing their home as collateral for the loan.

Other benefits for owners of Price Attack hair and beauty franchises include:

• dealing with franchise specialists that have a thorough understanding of the Price Attack franchise system
• a simple document process, tailored to franchisees
• cost-effective group deals for transactional services and merchant facilities; and
• customised solutions for wealth management, lending and personal funding.

Mr Ovenden says that “NAB’s local franchise banking specialists ensure consistent treatment to all franchisees, regardless of their location around the country which is a huge bonus for Price Attack.”