Finding the Ideal Franchisee

  Ask any successful Franchisor what one of the most challenging and important aspects of a franchise is and the answer will probably be; to source the ideal Franchisee. Does the ideal Franchisee exist? There is no one-size-fit-all when it comes to sourcing potential franchisees as every franchise differs in investment, culture, strategy, experience, etc. […]

Continue Reading

How to expand a South African franchise into the rest of Africa

According to the latest survey from the Franchise Association of South Africa (FASA), 39% of franchisors have businesses in Africa, outside South African borders. This is equivalent to 1 775 stores in the SA franchise population. Most of these franchises are found in the neighbouring countries of Namibia, Botswana, Zambia, eSwatini, Lesotho and with growth noted […]

Continue Reading

Cons of using micro loans for franchises

05 August 2019: FNB has seen an increase in the number of entrepreneurs considering using micro loans as an alternative form of franchise funding – while qualifying for bank finance. Mornè Cronje, Head of Franchising at FNB Business says although micro loans may appear attractive at first glance, they do not provide entrepreneurs with a […]

Continue Reading

Factors to consider before entering franchising

Almost every entrepreneur – at some point in their journey – considers going into franchising as a guaranteed route to attaining business success. “Despite the sector having a higher success rate compared to its counterparts, franchising has its pros and cons and will not necessarily be suitable for every entrepreneur. Entrepreneurs who are considering or […]

Continue Reading

Questions to ask before investing in a food franchise?

Entrepreneurs venturing into new business opportunities continue being attracted to the tried and tested franchising concept, which can withstand the harshest economic circumstances. Andre Beck, Sector Head: Fast Food and Restaurants at FNB Business, says amongst all the franchise sectors, restaurants and fast foods continue to dominate market share due to increasing demand from consumers. […]

Continue Reading

Five advantages of buying a franchise

So you think you want to buy a franchise, but you’re not so sure it would be the right choice. After all, why should you spend a premium on a big name when you can just duplicate their efforts? Think again. There are a few good reasons why copycatting doesn‘t work, and in hard economic […]

Continue Reading