- Average set-up cost – R 300 000
- Initial franchise fee – R 150 000
- Minimum owners’ contribution – 100%
- Management services fee – 15%
- Initial agreement term – 5 Years
- Renewal term – 5 Years
| 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 |
Which is the best franchise in South Africa?
Franchising is based on a marketing concept which can be adopted by an organization as a strategy for business expansion. 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.
How many Chem Dry franchisees are there in South Africa?
They have a network of 60 well trained Franchisees with an outstanding reputation in South Africa, Namibia, Botswana and Zimbabwe. Chem-Dry SA was named Chem-Dry’s Master Franchisee of 2013 at the Devere International Convention held in Nashville, Tennessee, in October 2013. Available Opportunities – 16 (Please contact Chem-Dry SA directly.)
How many of you are interested in buying a franchise?
The poll – which attracted 5,644 votes – found that 61% of readers were interested in buying a franchise, while 3% (145 voters) indicated that they already owned at least one. Based on this data, BusinessTech looked at eight franchises, across a variety of sectors, which are currently available to purchase for less than R1 million.
What are the marketing activities of a franchisor?
The franchisor engages in a variety of marketing activities, including digital marketing, national promotions and individual store campaigns. National promotions running over two month-ends typically incorporate national newspaper adverts, digital campaigns, in-store promotions and promotional pamphlets.
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
Which is the cheapest 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?
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 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 Sasol franchise?
The franchise fee is R2. 5M. Working Capital is R1. 5M Fuel Guarantee is R 850 000.00 ( Garage Sure or Refine – subscription ) Total Amount Required – R4M.
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 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 Wimpy franchise?
Wimpy – between R1. 9 million and R2. 5 million, with an initial franchisee fee of R114,300 (excluding VAT).
How much is a Burger King franchise in South Africa?
How much it costs to open a fast food franchise in South AfricaFranchiseSet-up costFranchise feeBurger KingR5 000 000Nando'sR4 500 000R185 000Chicken LickenR3 000 000R150 000Pizza HutR2 500 000*21 more rows•May 26, 2015
How much is a BP franchise in South Africa?
In order to open an outlet, franchisees will need to spend anywhere from R250,000 to R350,000. As for the working capital requirement, the franchisor recommends an amount of R250,000 to cover the estimated start-up costs of R500,000.
How much is a Rocomamas franchise in South Africa?
What would you like to enquire about? Do you have 60% of the set up cost being R2 760 000.00 and R2,2 million sufficient surety to borrow the balance of the funds required?
How much does Pick n Pay franchise cost?
Opening a Pick n Pay store costs in the region of R10 million, and a KwikSpar Spar between R6 million and R7 million. Buying an existing store is cheaper – but still costs several million. For more, go to Business Insider SA.
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 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 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.
