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WHAT IS FRANCHISING?
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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