The National Association of Truck Stop Operators said it partnered with Allied Brand Capital to offer special financing and guidance for truck-stop owners and operators seeking to invest in a food franchise.
Food service continues to evolve into an increasingly important component of overall sales at truck stops and travel plazas as customers demand greater quality and convenience in the foods they purchase, Alexandria, Virginia-based Natso said.
“For truck stop and travel plaza operators to stay competitive, they have to evolve constantly, and food service is one area where they can make themselves stand out,” Darren Schulte, vice president of membership for Natso, said in a statement. “We’ve seen demand for grab-and-go and quick-service foods skyrocket, and that is only going to continue to increase.”
Allied, which is based in Kingston, New Jersey, provides financing plans up to $1.5 million with flexible terms and deferred payment options. It also has 100% financing, including soft costs, an easy application process and competitive fixed rates, according to Natso.
“Allied Brand Capital has negotiated franchise fee discounts of up to 50% with some of the largest franchises in the business on behalf of its clients,” said Mike Cerminaro, president of Allied Brand Capital.
