We also give you an overview of how to start a company in South Africa.
If you want to run a franchise business, you are required to register a private company.
Starting a business in South Africa begins with a visit to the CIPC website.
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It will cost you anywhere between R215 to R300.
Some of these costs include reserving the name (R50).
There are many franchises South Africa is known for like Sorbet and Debonairs.
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Choosing the right industry starts by understanding your strengths and weaknesses.
It gives a more detailed background of the franchise.
Review the franchise agreement.
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This is another document provided to you that is essentially the contract between you and the franchisor.
You will have 14 days to look through it thoroughly.
It includes things like expected costs, cash flow projections, and more.
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After securing your funding, sign the franchise agreement.
Location can make or break your business.
When you have found the right spot, sign the lease agreement.
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Choose people who are passionate and can help you grow your business.
The best free offer to purchase template
Are there disadvantages?
Franchise opportunities for going big are everywhere, not just in the fast-food industry.
Image: unsplash.com, Perry GroneSource: UGC
DISCLAIMER:This article is intended for general informational purposes only and does not address individual circumstances.
Any action you take upon the information presented in this article is strictly at your own risk and responsibility!
Before joining the team in 2018, Lynn wrote for Kenyan media platforms and several other websites.
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She graduated from the University of Nairobi in 2019 with honours after pursuing a BSc.
She is currently studying for a Master’s degree in the same field.
Lynn specialises in writing celebrity biographies, listicles and teasers for popular TV shows.
Image: instagram.com, @mcdonalds_zaSource: Instagram
Contacts; +254707596322, lynnkandie27@gmail.com
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