Skippers
Fish and chip franchise chain in South Africa.
Are there any disadvantages to owning a franchise?
“A person who is too entrepreneurial may find a franchised environment with strict business principles, systems and procedures too restrictive. Buying into an established franchise system also means paying management service fees and being locked into a contractual agreement for a set period of time. But, in the end, that is what makes the franchise and you successful.”
View in the company profileWhat is a Franchise Fee?
“The franchise fee is made up of two components namely the Initial Franchise Fee also commonly known as a joining fee (Non Refundable – Initial Payment) The Initial Franchise Fee goes toward design, plans, and drawing up of legal documentation, project management, training, menus and various other items.”
View in the company profileWhat are Royalties?
“The ongoing franchise fee (Royalties) is a monthly percentage of turnover contribution, which enables the franchisor to give ongoing service in respect of Franchisee Support.”
View in the company profileHow much money do I need before borrowing?
“You must have unencumbered capital of at least 40% of the total setup cost in cash, which is to be applied toward the purchase and development of the franchise package.”
View in the company profileCan I use my own recipes and menu ideas?
“Franchisees must sell only approved products in their restaurants. Franchise advisory boards may provide input on potential new items.”
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