Lessons from Starbucks’ first month in SA
Taste Holdings CEO, Carlo Gonzaga on early feedback and why he thinks American franchise brands enjoy popularity in SA When the world’s largest specialty coffee roaster and retailer company hit South Africa it caused quite a stir, following in the tradition of South African consumers’ enthusiastically embracing US food franchise brands and their offerings. It’s […]
How these two entrepreneurs successfully franchised their burger restaurant concept
The very first Burger Bistro restaurant was launched in Pretoria in June 2012. Today the Burger Bistro brand – which serves gourmet burgers with a selection of quirky milkshakes and craft beer in a retro diner setting – has grown to four outlets employing a total of 55 people. How did they get there? Through […]
Buying a proven business model reduces risk in tough times
Buying a franchise or an existing, proven business model is a good way to reduce risk in tough economic times, say experts participating in the upcoming #BuyaBusiness Expo. “With unemployment nudging the 25% mark and food prices rocketing, thousands of South Africans are looking to starting their own businesses as a way to survive and […]
FASA’S Annual Awards for Excellence in Franchising
The FASA Franchise Convention and Awards Banquet was held at Hyatt Rosebank on 07 April 2016 to honour the finalists and winners of its annual Awards for Excellence in Franchising. The categories honoured at the FASA Awards include: FRANCHISOR OF THE YEAR This most prestigious award celebrates the success of the franchisor who has made […]
A Body20 franchise built on friendship
Charlene Chiang has built her Body20 franchise on a solid foundation of friendship. At its core, business is about relationships. In order to be successful as a franchisor, you need have great relationships with the client and employees. What really sold Charlene Chiang and her husband on the Body20 franchise was the founder Bertus Albertse. […]
2016 International Franchise Expo
The International Franchise Expo is certainly one of the highlights of the franchise industry calendar which is hosted at the Sandton Convention Centre from Friday, 08 April 2016 to Sunday, 10 April 2016. This is the ideal time to see some of the leading brands and new or innovative concepts with the opportunity to actually […]
Fast food franchises must absorb costs to remain relevant
Franchises grapple to remain affordable and maintain profits in the wake of high input costs 29 March 2016: Soaring input costs and the electricity tariff hike coming into effect in April, coupled with increasing food prices and daily living expenses are making it difficult for fast food franchises to pass on costs to consumers who […]
What is “Unencumbered Funds”?
Unencumbered Funds is the franchisee’s own cash available in liquid form and should not be obtained from a bond or other loan which would increase the debt level of the franchisee in his/her personal capacity. Franchisors and financial institutions require the franchisee to invest in the business to circumvent the risk of over-gearing the business […]
Six challenges currently facing the franchising sector
Although franchising is one of the sectors that has shown resilience and continues to grow in this tough economic environment, it is still a business that may provide an element of risk to franchisees and franchisors. According to Morne Cronje, Head of Franchising for FNB Business franchise systems are based on a proven model that […]
SA franchising outlook is positive for 2016
The economy may be under pressure and consumers may be spending less, but the outlook for franchising remains strong for 2016, with increasing competition and the entry of new players such expected to offer franchisees new opportunities, writes Ethel Nyembe, Head of Small Enterprise at Standard Bank Setting the pace for 2016, will be increased […]