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Fund Purpose
• Elcano Franchise Fund 1 LP – providing
funding to franchisees of some of Australia’s
top franchise systems.
• Clearing Pool Class Units – the initial
placement pool behind the Franchise
Marketplace (www.franchisemarket.co),
from which funding is securitised to Special
Purpose Vehicle (SPV) class units.
4. Commercial-In-Confidence
Copyright©Elcano Holdings Pty
Ltd
Investor Benefits
• Quasi Fixed Interest investment;
• Enhanced risk management strategy;
• Hybrid Capital Model; and
• Franchise Marketplace
• Return on Investment;
• Payments frequency;
• Lower fee structure;
• Supporting Australian early-stage businesses; and
• Elcano Team.
5. Commercial-In-Confidence
Copyright©Elcano Holdings Pty
Ltd
Elcano Franchise Fund 1
Low: where debt is
able to convert to
SPV units.
Moderate*
9.25% 7.5% - 9.0%*
Paid Quarterly Paid Monthly
4 years1
4 - 5.5 years*
High Low to High*
1. With the ability to extend to 5.5 years.* Each SPV class of units will have its own terms and
profile.
# Estimate.
7. Commercial-In-Confidence
Copyright©Elcano Holdings Pty
Ltd
Elcano Franchise Fund 1
Low: 1% Entry, 1%
investee payments,
1.25 - 2.5% RCH
Low: 1% Entry, 1%
investee payments
Moderate: permitted
and possible if a
secondary market is
established
Moderate: permitted and
possible if a secondary
market is established
Low: this is a once-off
investment pool of
only 10 million units
High: new SPV units
via Franchise
Marketplace
Moderate: via
residual capital
holding
Not applicable
Pooled investments Investor selection
8. Commercial-In-Confidence
Copyright©Elcano Holdings Pty
Ltd
Full model, notes and assumptions should be considered and are available from Elcano Capital
Elcano Franchise Fund 1 Year 1 Year 2 Year 3 Year 4 Year 5
INCOME
Investment 1,000,000-
Principal 165,830 181,386 198,401 217,013 218,392
Interest 83,270 67,714 50,699 32,088 9,950
Residual Capital Holding - - - - 30,000
Total Income 249,100 249,100 249,100 249,100 258,342 1,254,743
EXPENSE
Entry Fee 10,000 - - - -
Facilitation Fee 9,252 7,524 5,633 3,565 1,106
Residual Capital Hoding Fee - - - - 15,000
Total Fees 19,252 7,524 5,633 3,565 16,106 52,080
1,202,663
VC Industry Std
INCOME
Investment 1,000,000- - - - -
Interest - - - - -
Sale - - - - 1,275,389
Total Income - - - - 1,275,389 1,275,389
EXPENSE
Management Fee 20,000 20,000 20,000 20,000 20,000
Carried Interest - - - - 55,078
Total Fees 20,000 20,000 20,000 20,000 75,078 155,078
1,120,311
Elcano Franchise Fund 1
10. Commercial-In-Confidence
Copyright©Elcano Holdings Pty
Ltd
Elcano Franchise Fund 1 LP
• Elcano Capital LP – Australian domiciled
fund manager;
• Operated by Elcano Pty Ltd - AFS licence
462624;
• EFF1 is conditionally registered VCLP with
AusIndustry;
• Compliant to receive mandatory $500K
VC/PE investment for SIV (industry projects
is worth $350m p.a.)
Elcano Franchise Fund 1
11. Commercial-In-Confidence
Copyright©Elcano Holdings Pty
Ltd
• 1,160 Franchise Systems;
• $144 billion sales turnover;
• 14% GDP;
• Employ 461,000 people;
• Only 1.5% (av) of franchisees in dispute with
franchisor;
• Sector average growth 7.79% p.a.;
• 16 industry categories;
• Franchisees outperform company stores 5 – 15%
revenue, 10% lower wage costs*.
Aust Franchise Sector
* Business Review Weekly, Franchisees trounce company-owned stores in major study,
28/3/14
16. For further information please contact:
Darren Lelliott (Managing Director)
Mobile: 0431 775 252 darren@elcano.com.au
www.elcano.com.au
Hinweis der Redaktion Diversification: 16 industries, geography, @ $300k av = 33 txs * Details of each SPV class of units will have its own terms and profile. * Details of each SPV class of units will have its own terms and profile. Net increase of 8.2%* to 79,000 Units at same time Aust businesses decreased by 2.9% (i.e. Between 2012 & 2014)
Historically over 95% of SME funding provided by banks.
CRITICAL SUPPLIERS
Lawyers: Eagle Corporate Advisers (PE/VC) and HWL Ebsworth (Derek Sutherland - franchise law and finance)
Accountants: Deloitte
Auditors: BDO
Custodian: Perpetual CRITICAL SUPPLIERS
Lawyers: Eagle Corporate Advisers (PE/VC) and HWL Ebsworth (Derek Sutherland - franchise law and finance)
Accountants: Deloitte
Auditors: BDO
Custodian: Perpetual 0.5% on Entry, 5% of ongoing fee.