4 Keys to help you succeed as a young new franchisor
. Lessons from a local franchisor who launched a multi-million-rand global business in under five years. Franchising is usually promoted to young aspiring entrepreneurs unable to launch businesses due to financial constraints and a lack business acumen. While becoming a franchisee is a great entry-level entrepreneurship strategy, you don’t need someone else’s successful business idea […]
This Growing Franchise Trend could Multiply your Chances of Success
Multi-unit franchising where one single franchisee owns more than one outlet in different geographies, is a growing trend globally. “Multi-unit franchisees are a major trend in South Africa and more franchisors are giving first preferences to existing franchisees due to proven success and understanding of the franchisors brand. This enables the franchisor to grow their […]
Key phases of the franchising relationship
The relationship between the franchisor and franchisee is often overlooked by people who are starting out in franchising. This is one of the biggest mistakes that one can do; it creates a lack of mutual understating, it also has a direct correlation to the 10% failure rate in franchising. Riaan Fouche, the Chief Operations Officer […]
KEY ASPECTS OF A SUCCESSFUL FRANCHISOR
There are many aspects that play a role in the success of a franchise and we look at some of the qualities that a successful franchisor will possess. This is relevant to businesses that are considering the franchising route to expand and to prospective franchisees that are looking to buy a franchise. A Successful […]
Thinking of going into franchising?
A lot has been said about franchising being one of the resilient sectors in our economy as it contributes approximately 13,3% to South Africa’s GDP. Thus, people might consider the route of owning a franchise in their entrepreneurial journey. Morne Cronje, Head of Franchising at FNB Business says, “Franchising has a lot of advantages […]
Franchising: The most honest way of doing business
We’ve entered an age where consumers choose their products and services as much for their values as what they offer. That’s what makes franchising, as a truly transparent business model, an appealing option for today’s would-be business owners. According to Clive Robinson, Master Franchisee and Education Consultant at Tutor Doctor, there are three […]
THE BENEFITS OF REBRANDING
Constantly changing trends can make it difficult to maintain a modern image. Rebranding can keep your franchise’s look, feel and values fresh, being the key to keeping your franchise at the cutting edge of your industry. Rebranding offers a number of benefits including: Differentiation Set your franchise apart from your competitors, showing […]
FASA Winners Kauai Interview
SA Franchise Brands welcomes Guy Le Ray-Cook, Franchise Executive of Kauai. Firstly Guy, congratulations to you and your team for Kauai winning the 2018 FASA Franchisor, Brand Builder and Field Service Consultant of the Year awards. What has been paramount to Kauai’s success? Since inception, 22 years ago, Kauai has been leading the healthy eating […]
Franchise industry continues to drive value through mergers and acquisitions
Mergers and acquisitions (M&A) have become an important driver of value in the South African franchise industry sector, which continues to grow in both volume and value for investors in this low risk high return sector of the economy. This is despite the recent trend of slow growth in the South African economy. Our […]
Franchise Store Upgrades
Franchise store upgrades, revamps, face-lifts or whatever the term used, must be taken into consideration when buying a franchise. This is more prevalent in the restaurant, quick service restaurant and retail sectors but always be aware of the clause in you franchise agreement, whichever industry you investigate. The obvious issue is to understand how often […]