Here’s How Much It Costs To Open A Col’Cacchio Franchise In South Africa
Here’s How Much It Costs To Open A Col’Cacchio Franchise In South Africa. Setting up a Col’Cacchio franchisee means that one is becoming part of a brand that values its customers and the brand itself hence it seeks to give potential franchisees all the support they need to make sure that their brand integrity is maintained throughout the duration of the franchisees’ lease.
This is why potential franchisees are screened to determine whether they have the financial means and enough educational background or experience before they are approved. Having sufficient financial backing is crucial as one needs to invest in this type of business for the long term, which requires franchisees to fork out a lot of money in order to secure, start and maintain their restaurant.
The company’s initial joining fee for a potential franchisee is approximately R125, 000. The set-up costs for a Col’Cacchio franchise is estimated to be around R2, 500,000 – R3, 125,000. The franchisees are also required to have 50% of un-encumbered cash of the total investment. It is also estimated that the stock of the restaurant can be around R250, 000. Col’Cacchio will also expect franchisees to be paying a monthly franchising fee of 6% of the net turnover and a monthly marketing fee of 2% of the net turnover. Col’Cacchio stores are owner operated, with pizza-proud champions behind the scenes, the company’s preferred franchise partners are people that are hard-working and resourceful and dedicated to keep serving Italian inspired meals.
The company believes that becoming a Col’Cacchio franchisee means becoming part of its ‘family’, as they will receive all the support they would expect from its people. When one become a Col’Cacchio franchisee, they will receive full front-of-house and back-of-house training, both before their store doors open, and once the store is operational. This is very crucial in that it will familiarise the franchisee with how the company operates and how to make sure that the store is a successful venture.
