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
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What are the opportunities for franchisees to expand their business?
How many square metres are in a franchise?
How many Taste Holdings stores are there?
Is Taste Holdings still looking for franchisees?
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How much does it cost to start a fast food restaurant in South Africa?
The Fish & Chip Co estimates that the average setup cost for a franchise is R699,000 including VAT. Franchisees are also expected to pay an initial joining fee of R140,000 – however, this is included in the setup fee....How much it costs to open a top fast food franchise in South Africa.BrandNandosRevenue (2017)–Growth (from 2016)7.1%Franchises (2017)303Revenue per outlet–19 more columns•May 11, 2019
How much does KFC franchise cost 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. The price does typically increase if one is purchasing an existing KFC.
How much is Mcdonald's franchise in South Africa?
between R4 million and R6 millionIf 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 Nandos 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
How much is Burger King franchise in South Africa?
In order to open a Burger King franchise, one must have a net worth of more than R4 627 395, 50. Burger King's total initial investment it requires for its franchises is around R4 602 591, 81. This initial amount includes the R711 866, 00 franchise fee.
What is the most profitable franchise 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 do I secure a franchise in South Africa?
How to Buy a Franchise in South AfricaApproach the franchisor. ... Complete the application process. ... Find out more. ... Find the right location. ... Secure the finance. ... Sign on the dotted line (but read the small print first) ... Preparing for launch.
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.
How much does it cost to buy a franchise in South Africa?
How much it costs to buy a franchise in South AfricaFranchiseSet-up costFranchise feeKauaiR1 300 000R110 000SteersR1 200 000R130 000SubwayR1 100 000CinnabonR1 000 00022 more rows
How can I start a small fast food business in South Africa?
Quick NavigationSTEP 1: Decide on the Product You Want to Sell. Nutritional Analysis and Labelling (where applicable) ... STEP 3: Ensure Your Premises and Equipment are Suitable. ... STEP 4: Get the Necessary Training for You and Your Staff. ... STEP 6: Comply With All Other Relevant Legislation. ... Related Topics.
How can I get KFC franchise in South Africa?
Prospective franchisees need to show that they have the required funds to fund up to 5 or more KFC stores. One store costs in the region of R6 million. 2. Prospective franchisees must be prepared to undertake a training programme that can last up to 6 month and self-fund themselves through this.
How much does a Spar franchise cost in South Africa?
Start-up-costs for buying an exisiting store (40% unencumbered ) : KWIKSPAR from R5 million. SPAR from R8 million. SUPERSPAR from R10 million.
How much does a KFC franchise owner make in South Africa?
What is the annual revenue of a KFC franchise in South Africa? KFC generates roughly R942,000 R1,000,000 year as a single unit. Yum! Brands doesn't publicly disclose the incomes of its franchise owners, but based on national averages for food franchise owners, it can be assumed that owners earn about R120,000 annually.
How much does it cost to own a KFC franchise?
The franchise fee to become a KFC franchise owner is $45,000, with an estimated startup costs totals ranging between $1.2 million and $2.5 million.
How much does KFC pay a month in South Africa?
The estimated base pay is ZAR 5,537 per month. The estimated additional pay is ZAR 80 per month. Additional pay could include bonus, stock, commission, profit sharing or tips. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role.
Who owns the most KFC in South Africa?
Yum owns more than 68 KFC restaurants in SA. The parent company of KFC, Yum Brands, announced the acquisition of 68 franchise units from franchisee Kumnandi Food Company as part of its ambitions to increase investment in South Africa and throughout the continent.
Fast Food Franchises for sale
31 Fast Food Franchises Available For Sale in South Africa Today on BFS, The World's Largest Marketplace for Buying and Selling a Business
Top 10 Cheapest Franchises In South Africa (2022)
Franchising is not a new business model in South Africa; it has given new, aspiring business people a chance to tap from the ongoing success and goodwill of existing businesses, thus earning money, while benefiting in the form of mentorship, networking, and exposure to time tested methods as well as new innovations in business.
How much it costs to buy a franchise in South Africa
McDonald’s: McDonald’s South Africa estimates the cost of a franchise to be anywhere between R4 million – R6 million, depending on the type of restaurant and other factors. Applicants are are also expected to have a minimum of 35% of the purchase price of a restaurant in unencumbered, non-borrowed cash.
How many KFC stores are there in South Africa?
South Africa’s biggest food chain, KFC, with 771 stores across the country, carries the second-highest start-up costs at R5.5 million; but the group notes that it is not currently open to new franchise opportunities.
Is Krispy Kreme in South Africa?
Correction: A previous version of this article stated that Krispy Kreme Doughnuts would available as a franchise option in South Africa, which is not correct. While the international brand is entering into the South African market with 31 planned outlets, these will be solely owned by KK Doughnuts SA. Looking at the biggest food chains in the ...
Why is KFC so slow to open?
For example, KFC is slow to open new franchises because of its large number of outlets already in place. Other brand owners, exclusively own all franchises, as is the case with Burger King. BusinessTech recently did a count of the biggest fast food franchises in the country.
What happens if BusinessTech is attacked?
Attacks on BusinessTech, its journalists or other users will result in a ban.
Is South Africa's fast food industry healthy?
South Africa’s fast food industry is looking very healthy, being one of the market sectors that has experienced strong growth in revenue amid tough economic times in the country.
Is Nando's revenue publicly available?
Update: Nando’s has requested that its revenue not be made publicly available.
What are the opportunities for franchisees to expand their business?
There are also opportunities for existing franchisees to expand their business with cost-effective mobile units, like trailers, tuk-tuks, and bicycles.
How many square metres are in a franchise?
They are generally small businesses to run - most stores are between 40 and 50 square metres, and employ four team members.
How many Taste Holdings stores are there?
Listed company Taste Holdings acquired the business in 2012, and subsequently rolled out the franchise across the country. There are now 190 stores in the chain. They offer a basic selection of fish and chips, calamari, and sausages. Taste Holdings is still looking for franchisees to open new stores.
Is Taste Holdings still looking for franchisees?
Taste Holdings is still looking for franchisees to open new stores. They promise franchisees low setup costs and fixed-fee royalties.
How much does a franchise cost in South Africa?
McDonald’s South Africa estimates the cost of a franchise to be anywhere between R4 million – R6 million, depending on the type of restaurant and other factors. Applicants are are also expected to have a minimum of 35% of the purchase price of a restaurant in unencumbered, non-borrowed cash.
What is McDonald’s franchise fee?
How much is a McDonald’s Franchise? The total investment necessary to begin operation of a traditional McDonald’s franchise ranges from $1,008,000 to $2,214,080. This includes an initial franchise fee of $45,000.00 that must be paid to the franchisor.
What are the opportunities for franchisees to expand their business?
There are also opportunities for existing franchisees to expand their business with cost-effective mobile units, like trailers, tuk-tuks, and bicycles.
How many square metres are in a franchise?
They are generally small businesses to run - most stores are between 40 and 50 square metres, and employ four team members.
How many Taste Holdings stores are there?
Listed company Taste Holdings acquired the business in 2012, and subsequently rolled out the franchise across the country. There are now 190 stores in the chain. They offer a basic selection of fish and chips, calamari, and sausages. Taste Holdings is still looking for franchisees to open new stores.
Is Taste Holdings still looking for franchisees?
Taste Holdings is still looking for franchisees to open new stores. They promise franchisees low setup costs and fixed-fee royalties.
