Based in South Africa, this company operates across the region and is a member of a major fast food outlet. They are looking for partners across South Africa to franchise their home entertainment stores.
Country: South Africa
Industry: Entertainment
Products & Services: DVD & video rentals
Details of Opportunity:
This company is a home entertainment brand primarily based in South Africa, with operations in Zambia and other neighbouring countries. They deliver turnkey operations and have 150 years of experience in the movie business. This company is a member of FASA (Franchise Association of South Africa) which has been in operation since 1991, and is a long-time member of a major fast food group based in South Africa. Included in the turnkey operation cost is support from the outset in terms of site selection, landlord negotiations, shop fitting and installation. When joining this franchise, full training is provided at the company’s Head Office, which includes store layout and design, policies and procedures, operations, computer training, financials, purchasing, marketing and in-store training. This company is looking for franchisees to purchase and operate a variety of home entertainment rental outlets across South Africa.
Franchise Details: This company originated in Illovo, Gauteng and has 93 outlets across South Africa/ Average monthly turnover and achievable gross margins are both available upon application. Franchise opportunities range from R400,000 to R450,000 depending on store size, with the initial franchise fee being R80,000. The Franchise Agreement Terms incorporate a 5% management services fee and a 4.5% marketing fee allocated from the franchise’s turnover. The initial agreement term is 5 years and the renewal term is also 5 years.
Estimated Cost: R400,000 to R450,000 per store plus R80,000 initial franchise fee (exclusive of VAT).
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