Whether you’re thinking of buying a franchise or want to turn your existing business into a franchise network, we have franchise information and business solutions for franchises. Let’s help you achieve your business ambitions.
Make your dream become a reality
Are you looking to start a business that comes with a tested concept and includes ongoing support?
Consider opening a franchise business.
Expanding your franchise network
Your franchise business is thriving and you’re thinking of buying another franchise.
We have tips and useful information for you.
Is your business ready?
South Africa needs to grow its SME sector which has potential to address unemployment problems in the country. Franchising is ready to take off on an expansion drive and is certainly a smart option to grow your business and provide much-needed work for unemployed citizens.
Banking and finance solutions for your business
Get your business on the move with our range of banking solutions:
from tailored business accounts to finance solutions to help run and grow your business.
Business loans for your franchise
Thinking of exiting or selling your franchise?
Get all the assistance and advice you need on how to exit or sell your franchise business.
Before you think of exiting the franchise, consider the needs of the:
- Franchisor - The franchisor will have a standard franchise agreement in place and will typically be reluctant to amend it.
- Franchisee - The franchisee needs to map out desired future developments. Does he/she want to appoint a manager, hand control of the business over to one of his/her children or sell the business outright and make a capital profit?
- Buyer of the business - The buyer of the business expects the business to perform as contemplated.
Exit formats - An individual can exit the business in stages or in one single transaction.
Exit in stages
A family member or a deserving member of staff is groomed as successor. He/she is given an opportunity to acquire shares over a predetermined period until full transfer of ownership is accomplished. This format is attractive because continuity is practically assured. It is particularly suited to the transfer of ownership to heirs. It can also be used in BEE transactions, often in combination with tandem franchising.
Should an outright sale be contemplated, the seller will expect the franchisor to act fairly, be supportive and facilitate the transaction in line with conditions agreed in advance.