Mar 20, 2024
The cost of buying franchised restaurants Business in South Africa
Buy a franchised fast food Restaurants in South Africa, here the costs Source eKayzone South Africa
Nando’s franchise from R7 million There are two main cost requirements when looking at a Nando’s franchise – establishment costs and standard fees.
According to the restaurant’s website, a R25,000 application fee is required to show commitment to actually wanting to acquire a Nando’s and to compensate for the costs of Psychometric testing, interviews and in-store assessment, and more.
You are also required to pay a R230,000 franchise fee excluding VAT to make use of and operate under the Nando’s name and concept, staff training, site assistance, and launch assistance.
The biggest expense comes from establishment costs, which include everything from setting up the kitchen to light fittings and will set you back approximately R6.95 million, excluding VAT.
Debonairs Franchise from R2 million
According to Debonair South Africa’s franchising documentation, new franchise owners can expect to pay around R2 million.
According to its website, once applicants have been granted and guaranteed a franchise, Debonairs will assist you with a business banker for your application.
This includes help when applying for financing and any other general inquiries you may have about the financing of a franchised business.
Steers Franchise from R1.7 million
Steers Franchise from R1.7 millions One of the cheapest franchise options on the list is that Steers franchisees can expect to pay around R1.7 million when starting a new franchise. However, this differs greatly depending on the type of steers you wish to open – with standard, drive-thru, and kiosk options available.
The approximate setup cost for a standard Steers is R1.65 million, excluding VAT, joining fee, and contingency.
Set-up costs include equipment, shopfitting, wet works, furniture, and fixtures.
McDonald franchise from R4 million
According to McDonald South Africa, the cost of a franchise will vary, with actual costs only determined when an individual franchise is offered to an applicant.
The size of the restaurant, location, pre-opening expenses, inventory, selection of equipment, signage, seating, and style of decor and landscaping will affect this cost.
This means that 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 also expected to have a minimum of 35% of the purchase price of a restaurant in unencumbered, non-borrowed cash.
Chicken Licken Franchise from R4.8 million
According to its website, a standard chicken Licken store costs R4.8 million, while a drive-through (Fly-Thru) restaurant will cost a minimum of R6.8 million.
In both cases, the cost will be dependent on the landlord contributions and which store you choose to build as well as which store best suits the area, it said.
Roman Pizza Franchise from R2.4 million
Looking to open a Roman’s Pizza can expect to pay around R2.5 million for a new store.
This includes an initial joining fee of R90,000, while the cost of a 120 square meter store is expected to set you back around R2.3 million.
Fish and Chip Co Franchise from R850,000
According to its website, there is an average setup cost of R699,000 for a Fish and Chip Co franchise, and you can expect to pay an initial joining and set up a fee of R140,000 As it falls under the Taste Holdings group, franchise owners can also expect to receive assistance when preparing finance applications, identifying suitable sites, as well as initial and ongoing training and support.
All franchisees are required to complete a five-day training program that covers day-to-day operations, staffing, stock control, marketing, and management skills.
Something Fishy Franchise from R900,000
While franchising costs are not available on Something Fishy’s website, opening a new franchise will set you back around R900,000 according to SA Franchise Warehouse. This includes an approximate setup cost of R850,000 (excluding VAT) and an initial franchise fee of R55,000 (also excluding VAT).
Galito Franchise from R1.75 million
The Galito’s website, the cost of opening a standard 180 square meter outlet, is in the region of R1,750,000 (excl vat). Please notes that this cost is heavily dependent on the location, size, and initial condition of the premises.
“This includes all development costs from project initiation store design & staff training to store launch promotions. This cost also includes a franchise joining fee of R110,000 excluding VAT it said.
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