A franchise is a joint venture between a franchisor and a franchisee. The franchisor is the original business. It sells the right to use its name and idea. The franchisee buys this right to sell the franchisor’s goods or services under an existing business model and trademark
How Much Does KFC Franchise Cost In South Africa
It will cost you upwards of R3 million to set up a franchised chicken fast-food outlet in South Africa. Chicken Licken is the cheapest option, while a Nando’s outlet will set you back at least R7 million. KFC is not accepting new franchisees at the moment.
Which is the cheapest franchise to buy in South Africa?
These are some of the cheapest franchises you can currently buy in South Africa.
Motolek.
Business Doctors.
Abacus Maths.
MiniChess.
3@1 Business Centre.
Battery Centre.
Tutor Doctor.
Dream Nails.
How much does a Chicken Licken franchise cost in South Africa?
Building your nest egg. Chicken Licken® Fly-Thru™ cost: R6,8 million minimum, dependent on the landlord contributions and which store you choose to build as well as which store best suits the area. The initial franchise fee is R180,000.00.
How much profit does a KFC franchise make in South Africa?
Top 4 fast food franchises that make the most money in South Africa
| Brand | Revenue (2017) | Revenue per outlet |
|---|---|---|
| KFC | R8.71 billion | R9.9 million |
| Nandos | – | – |
| Fish and Chip Co. | R810.8 million | R4.9 million |
| Wimpy | R2.02 billion | R4.2 million |
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.