These are the start-up costs for opening some of the biggest franchises in the country:
- KFC – from R6 million
- Nando’s – from R7 million
- Debonairs – from R2 million
- Steers – from R1.7 million
- McDonald’s – from R4 million
- Chicken Licken – from R4.8 million
- Roman’s Pizza – from R2.4 million
- Fish and Chip Co. – from R850,000
| Franchise | Set-up cost | Franchise fee |
|---|---|---|
| Steers | R1 200 000 | R130 000 |
| Subway | R1 100 000 | |
| Cinnabon | R1 000 000 | |
| Burger Perfect | R 970 750 | R 65 000 |
Is Sorbet a franchise in South Africa?
Is Sorbet a brand?
Do franchisees pay royalties?
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How much does it cost to open up a franchise in South Africa?
Breakdown of average Total InvestmentDescriptionDrive-ThruInlineFixtures and fittingsR1 894 000R1 355 800Average Investment (Excluding VAT)R6 800 000R5 000 000Franchise FeeR 250 000R 250 000Total Average Establishment Costs (Excluding VAT)R7 050 000R5 250 0004 more rows
What is the cheapest most profitable franchise in South Africa?
Which is the Cheapest Franchise to Buy in South Africa?Fish & Chip Co.: Roughly R645 000 starting cost plus R4400 monthly payment.King Pie: Approximately R600 000 starting cost.Zebro's Chicken: Roughly R831 000 plus 4% of monthly turnover.
Which franchise is most profitable in South Africa?
These are the start-up costs for opening some of the biggest franchises in the country: KFC – from R6 million. Nando's – from R7 million. Debonairs – from R2 million....Top 20 fast food franchises that make the most money in South Africa.BrandSteersRevenue (2017)R1.35 billionGrowth (from 2016)8.9%Franchises (2017)561Revenue per outletR2.4 million19 more columns•Aug 2, 2018
How much is it to buy a mcdonald's franchise in South Africa?
If you fit the requirements to be a new franchisee, you'll need to pay between R4 million and R6 million for the privilege. Franchisees must have 35% of this in unencumbered, non-borrowed cash.
How much is MTN franchise?
"It basically costs next to nothing" to become a franchisee, if an entrepreneur is to exclusively provide MTN`s services. However, an amount of R90 000 would be payable over three years should a franchisee decide to terminate the three-year franchising contract.
How much is a Dischem franchise?
As a Dis-Chem franchise requires an investment of about R15 million, Dis-Chem offers suitable prospects access through a joint venture (JV). Under this scenario, the JV will be the franchisee and the incoming JV partner will be offered up to 49% of the equity.
How much is KFC franchise in South Africa?
It is hard to determine exactly how much KFC charges to open a new franchise; however, the number has been rumoured to be anywhere between five and six million.
How much do KFC owners make?
Although the exact salaries of KFC franchise owners are kept private by Yum! Brands, it is estimated that they take home around $120,000 per year. This is grounded on the average salaries of food franchise owners. Individual KFC units produce revenues between $942,000 and $1,000,000 per year.
Is franchising a good investment in South Africa?
Despite the current tough economic climate in South Africa, buying into a local franchise still presents a lower risk of failure or loss of investment than starting your own business from scratch.
How much is a KFC franchise?
For non-traditional KFC outlets, KFC charges an initial license fee of $22,500. For traditional KFC franchise agreements, the franchise (or initial license) fee is $45,000 split into the deposit fee and the option fee.
How much is Shoprite franchise in South Africa?
It's currently not possible to buy a Shoprite or Checker's store in South Africa, but you can purchase an OK Foods, which is also a subsidiary of the Shoprite Group. An OK Grocer franchise is currently going for R2. 85 million, Wasserman explains.
What is the cost of a Chicken Licken franchise?
The initial franchise fee is R180,000.00. Chicken Licken® extracts a royalty fee (6%) and advertising share (6%) that account for 12% of the franchise's turnover. Chicken Licken® does not provide finance, though financial organisations normally require that the applicant provide approximately 50% of the loan.
What is the best and cheapest franchise to open?
What are the cheapest franchises to buy?Cruise Planners. Franchise fee: $10,995. ... Jazzercise. Franchise fee: $1,250. ... Help-U-Sell Real Estate. Franchise fee: $15,000. ... United Country Real Estate. Franchise fee: $8,000 to $20,000. ... Stratus Building Solutions. ... Anago Cleaning Systems. ... JAN-PRO. ... Dream Vacations.
How much is KFC franchise in South Africa?
It is hard to determine exactly how much KFC charges to open a new franchise; however, the number has been rumoured to be anywhere between five and six million.
How much is PostNet franchise?
How much does a PostNet franchise cost? PostNet is a 25-time award recipient of Entrepreneur Magazine's Top 500 Franchises with a proven business model. The total investment necessary to begin operating a PostNet franchise ranges from $187,767 to $230,275.
How much does a Vodacom franchise cost?
At a cost of about R 26,000 (US$3,450),1 prospective owners can start a franchise to operate five cellular lines in a pre-approved location.
Sorbet Salons & Sorbet Nail Bars - Franchise Finder
Contact Person: Johannesburg Support Office . Tel: 011-202 7940 . Email Enquiry: Click Here: Website: Click Here : Please include your Name and Telephone Number in your enquiry. This company will not reply to you should you leave this information out.
How long is a franchise agreement?
The duration of the franchise agreement is 10 years or as per shopping centre lease duration
Is KFC offering franchise opportunities?
KFC. R5 500 000 – KFC is not offering any franchise opportunities any more. ( From time to time, existing KFC franchisees may elect to sell their businesses, and it is therefore possible to become a new KFC franchisee by purchasing an existing KFC business.
Does Chicken Licken provide finance?
Chicken Licken ® does not provide finance, though financial organisations normally require that the applicant provide approximately 50% of the loan.
When was Africa Skills Village founded?
Africa Skills Village has been changing people’s lives since it was founded in 2007. Their management, staff, franchisees, students, host employers and other stakeholders are part of the Proudly Africa Skills family and encourage creativity and innovation. Achievements from both staff and students are recognized and rewarded.
How long has FICS been around?
FICS originated over a 25 years period when specialist services were performed for the Road Accident Find (RAF), attorneys and Auditors were integrated into the FICS Franchise model. FICS utilized this accumulated expertise, best practices, templates, electronic and IT systems and developed a business model.
How many stores does Miniso have?
Miniso has over 3 500 stores worldwide, and operates in over 70 countries globally. The Miniso franchise model has several unique differentiators compared to most retail franchises in South Africa, with the franchisor playing a significant hands-on management approach on behalf of the franchisee.
Motolek
Motolek, owned by the Midas brand, is a chain of roughly 60 auto electrical workshop franchises that operate throughout the country. Motolek franchises offer a range of electrical services for passenger vehicles, trucks, boats, and earth moving equipment.
Business Doctors
Business Doctors is a small business owner coaching franchise. They help coach small businesses to develop strategic plans, achieve organisational efficiency, and improve supply chain management, among others.
Abacus Maths
Abacus Maths, which uses a Japanese abacus to teach young children the basics of maths, is one of the cheaper franchises available in South Africa. The company is looking for franchisees who are passionate about education and patient with children.
MiniChess
MiniChess is a business that teaches chess to children between the ages of five and nine. The company provides structured lessons with detailed plans and project books, and they're looking for franchisees to run branches.
Battery Centre
Battery Centre is a business started in South Africa in 1969 that sells and fits car vehicle batteries. It now has an extensive national footprint of 120 branches driven by franchisees. It's also a franchise that has a relatively low total investment amount for a physical store.
Tutor Doctor
Tutor Doctor is an in-person and online tutoring franchise with an international footprint. The business started offering franchises in South Africa in 2017 and currently has seven local franchisees on board. They give new franchisees 80 hours of online training and seven days in a home office before opening the business.
Dream Nails
Dream Nails has been around for more than 35 years, and the full-service nail and beauty salon is still looking for new franchisees to join its network. They are primarily looking for people passionate about nails, wellness, and beauty to join their team - and they offer one of the cheaper beauty franchises currently on the local market.
Is Sorbet a franchise in South Africa?
Franchising continues to be a popular way for South African entrepreneurs to get into business. Sorbet, Kids Emporium, and Universal Paints are hot franchise retail options right now. Here's what you'll have to pay to buy into those chains, and what you can expect to get out. Franchising continues to see solid growth in South Africa .
Is Sorbet a brand?
According to parent company Long4Life, Sorbet continues to grow as a brand in the beauty sector, and there has been strong interest in new stores from potential franchisees. Growth of future stores is only limited by site availability, and they are actively taking on new franchisees.
Do franchisees pay royalties?
Franchisees do not pay monthly percentage-based royalties. The only recurring fee is a marketing contribution, which is a fixed amount charged monthly, and matched by the franchisor. The business offers potential for an average of 30% to 35% gross profit, with a 12% to 15% net profit.
Who is the chairman of the Franchising Association of South Africa?
This is according to Tony Da Fonseca, chairman of the Franchising Association of South Africa (FASA), who is confident that franchising business format will continue to outperform the overall economy.
What is franchising in marketing?
The franchisor engages in a variety of marketing activities, including digital marketing, national promotions and individual store campaigns.
What is the role of franchisor planning?
The franchisor’s operational planning department assists franchisees by researching new store locations, designing the store formats and preparing budget and financial projections for each site.
How much of Sorbet should be available in cash?
Sorbet says that the exact amount of your investment will depend entirely on the size and condition of your selected store and varies from site to site. 50% of this amount should be available in unencumbered cash as a deposit (funding can be obtained for the balance).
What is H2O International SA?
H2O International SA has over 20 years experience in providing South Africans with water and air purification systems.
What is 3@1 retail?
3@1 promotes owner-operated stores starting out with two staff members, while offering a consultative, personalised service.
What is a 3@1 franchise?
The 3@1 Business Services franchise concept offers a retail opportunity in the business services and communications industry.
Is Sorbet a franchise in South Africa?
Franchising continues to be a popular way for South African entrepreneurs to get into business. Sorbet, Kids Emporium, and Universal Paints are hot franchise retail options right now. Here's what you'll have to pay to buy into those chains, and what you can expect to get out. Franchising continues to see solid growth in South Africa .
Is Sorbet a brand?
According to parent company Long4Life, Sorbet continues to grow as a brand in the beauty sector, and there has been strong interest in new stores from potential franchisees. Growth of future stores is only limited by site availability, and they are actively taking on new franchisees.
Do franchisees pay royalties?
Franchisees do not pay monthly percentage-based royalties. The only recurring fee is a marketing contribution, which is a fixed amount charged monthly, and matched by the franchisor. The business offers potential for an average of 30% to 35% gross profit, with a 12% to 15% net profit.
