Then and now… how has franchising fared in South Africa?
As the Franchise Association of South Africa, in association with Absa, embarks on a definitive industry survey after a break of the past four gruelling years – that included the debilitating effects of the Covid-19 lockdown regulations, flooding and the July 2021 riots and looting, political turmoil and economic strain – it hopes to get […]
The Power of Peer Support Develops Franchise Success
The support provided to franchisees is one of the major advantages of owning a franchised business. Franchisors offer resources such as brand recognition, intellectual property, consistent marketing programs, and promotional materials. However, the peer support within the system is an under-recognised benefit. The opportunity to exchange ideas with a network of franchisees facing similar challenges […]
What it costs to own an education franchise like Master Maths, The Math Machine, or Kumon
Several franchises exist in SA to offer different ways to teach children maths – and claim to make owners good profits. Educational franchises have some of the lowest initial fees of the local franchise market – but often charge ongoing royalties more than double of those in other sectors, and most require little or no […]
Buying a franchise? These are the laws and terms you shouldn’t ignore.
Buying a franchise operation is a reasonably safe way to run your own business. This doesn’t mean you won’t face a raft of legalese before, and on your way, to signing an agreement. The Consumer Protection Act now regulates the relationship between franchisees and franchisors – but there are several other legal factors to […]
Should A Franchisee Provide The Franchisor With A Business Plan?
Franchising is a proven way for entrepreneurs to start a business while minimising some of the risks associated with starting from scratch. When you purchase a franchise, you gain access to a proven business model, brand recognition, and support from the franchisor. However, as with any business endeavour, success is not guaranteed, and having […]