SA Franchise Brands Newsletter November 2019

Published: Fri, 11/29/19

November 2019 Newsletter

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Franchising and the Consumer Protection Act

Taste holding is getting ready to dispose of Maxi's

Owner of Steers and Wimpy takes profit hit

Famous Brands [JSE:FBR] – owner of Steers, Wimpy, Debonairs and Mugg & Bean – has suffered a 15% fall in headline earnings, while revenue remained flat at around R3.6bn in the six months to end-August.

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You want to own more than one franchise of the same brand

This growing franchise trend could multiply your chances of success.
Multi-unit franchising where one single franchisee owns more than one outlet in different geographies, is a growing trend globally.

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Find Out

If Franchising

is For You

Almost every entrepreneur – at some point in their journey – considers going into franchising as a guaranteed route to attaining business success. Franchising has its pros and cons and will not necessarily be suitable for every entrepreneur.

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Starbucks South Africa sold for R7m

Taste Holdings announced on Friday that it is selling its Starbucks franchise business in South Africa for R7m. It is being bought by a consortium of shareholders, including Rand Group, which is owned by Adrian Maizey, a non-executive director of Taste.