10 Franchises You Can Open for R2 Million and Less in South Africa
28 Mar 2018 - BusinessTech recently reported on the eight franchising opportunities open to South Africans who were looking to spend R1 million or less.
While there are definitely more than eight opportunities in this price range, the real franchising sector sweet spot scan be found in the R1 million – R2 million range, with recognised brand names in strong sectors (such as fast-food) becoming more readily available.
According to the Franchise Association of South Africa (FASA), over the past four years the franchising sector has displayed resilience, consistently growing its contribution to the country’s GDP from 9.7% in 2014 to its most recent contribution of 13.3%.
BusinessTech looked at 10 franchises you can open for less than R2 million in South Africa.
Matrix Warehouse’s franchise support team use their extensive franchising and industry experience to guide franchisees in the running of their businesses.
The comprehensive franchisee introductory training conducted over 28 days at the Matrix Warehouse head office covers all aspects related to running a successful Matrix Warehouse outlet, including product training, business management and marketing techniques.
The franchisor also bulk buys stock from local and international suppliers and passes the benefit of its group purchasing power on to the franchisees.