WHAT IS FRANCHISING?

Cards (9)

  • Franchising
    A business model whereby a brand the franchisor would expand their footprint of a proven concept to a network of franchisees
  • Successful franchising
    • Business model, product and systems are scalable and teachable to new franchisees
    • Proven concept
    • Established brand has a loyal following
    • Offers consistency and quality
    • Access to preferred suppliers which lowers costs and increases spending power
  • The franchising market keeps growing year-on-year
  • In 2018, more than 5,000 new stores opened and there is now higher ownership by franchisees
  • More stores means creating more jobs across the country and more women joining the market
  • Franchising provides better access to favorite brands, which is real value for people, South Africa and the future
  • For franchisees
    • Not having to start a business alone
    • Established brand has a loyal following
    • Offers consistency and quality
    • Access to preferred suppliers which lowers costs and increases spending power
    • Startup assistance
    • Training
    • Rights to trade under a brand name
    • Ongoing support
    • Brand and product development
    • Marketing initiatives
  • For franchisors
    • Getting to the people where they are
    • Capturing new markets in a competitive environment with less risk
  • Importance of a banking partner
    • Understands the ins and outs of franchising
    • Focuses on optimizing your business and maximizing its effectiveness
    • Takes personal interest in your business to provide the right solution
    • Works closely with you every step of the way
    • Helps you achieve your business ambitions
    • Unique approach to banking that's not one size fits all