Attractive loan terms available for restaurant franchise investors

Prospective investors will be allowed to borrow up to 70 per cent of the investment value in loans, which will be available at low interest rates and repayable up to 10-year term.
KBank 's first senior vice president Akaranant Thitasirivit said it had entered into a partnership with S. Khonkaen Foods to offer K-SME Franchise Credit loans for those interested in opening Zaap Classic or Yunnan restaurants. 
KBank will also install EDC devices at those restaurant outlets along with special service fee rates towards their use. QR code payments will be allowed on dining bills via the K PLUS SHOP application, which will facilitate both merchants and consumers, he said. 
Akaranant added that according to KResearch, the market turnover of the restaurant industry in Thailand during 2017 may reach 390-397 billion Baht, up 2-4 percent YoY. 
Of that amount, 119-122 billion Baht has gone to chain restaurants and 271-275 billion Baht to non-chain restaurants, most of which are small-or medium-sized establishments. Quick Service Restaurants (QSR), mostly small and medium in size, have enjoyed steady growth. 
QSR market turnover is projected to reach around 44 billion Baht this year. Given the thriving QSR business, coupled with S. Khonkaen's long experience in the food business, KBank is therefore certain that Zaap Classic and Yunnan will be excellent restaurant opportunities for prospective franchisees.