SA Franchise Brands Newsletter May 2023

Published: Wed, 05/31/23

May 2023 Newsletter

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Franchise Services

SA Franchise Brands has aligned itself with strategic partners to provide specific services relevant to Franchisors, Franchisees and Suppliers and Service providers to the franchise industry.

THE POWER OF PEER SUPPORT DEVELOPS FRANCHISE SUCCESS.

The support provided to franchisees is one of the major advantages of owning a franchised business. Franchisors offer resources such as brand recognition, intellectual property, consistent marketing programs, and promotional materials. However, the peer support within the system is an under-recognised benefit.

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HOW MUCH IT COSTS TO BUY A DIY OR HOME IMPROVEMENT BUSINESS LIKE DRAIN SURGEON OR EASYLIFE KITCHENS.

The Covid-19 pandemic had a lot more homeowners reaching for hammers and paintbrushes, and eventually looking to professional companies, to help improve their immediate surroundings.
As the world outside our homes slowly rematerialised with lifting lockdowns, and the cost of living steadily increased, this surge has since subsided.

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THEN AND NOW… HOW HAS FRANCHISING FARED IN SOUTH AFRICA?

As the Franchise Association of South Africa, in association with Absa, embarks on a definitive industry survey after a break of the past four gruelling years – that included the debilitating effects of the Covid-19 lockdown regulations, flooding and the July 2021 riots and looting, political turmoil and economic strain.

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HOW TO GO FROM ASPIRING ENTREPRENEUR TO SUCCESSFUL FRANCHISEE IN 9 STEPS

Purchasing a franchise means you’re buying into a proven business model. In other words, you become immediately associated with a recognized brand name, an established customer base and ongoing support and mentorship from the franchisor.

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5 TIPS FOR FRANCHISE AGREEMENT COMPLIANCE.

The Consumer Protection Act (CPA) is the first piece of legislation in South Africa that specifically regulates franchise agreements. The CPA prescribes certain minimum requirements for franchise agreements, as well as certain information that must be disclosed prior to a franchise agreement being signed.

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