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This is how much it costs to open a fast food franchise in South Africa
A Thread:
A Thread:
#Wimpy The estimated set-up costs for a @wimpy_sa franchise is R2.2 million and an initial franchise fee of R114,300 (excluding VAT). Franchisees are also expected to pay 7% of their turnover in management fees and 5% of their turnover in royalties.
#Steers states that you can expect to pay approx between R1.7 million – R2.5 million in set up costs when first starting up a franchise. They currently offer 3 different models with kiosk (R1.59 million), standard (R1.65 million) and drive-thru (R2.35 million) options available.
