Here’s How Much It Costs To Open A King Pie Franchise In South Africa
Here’s How Much It Costs To Open A King Pie Franchise In South Africa. The pie business can be a lucrative one if one chooses the right location as this will determine the number of people that visit the store. Being situated in an area where there are many people gives these stores an extra advantage because people may get hungry and spontaneously decide to buy a pie while they are running their errands as it is a light snack that can hold them until they get a proper meal.
The estimated cost of buying a King Pie store franchise is approximately R525 000. According to the company the King Pie Store model is the most versatile retail format sized between 25 – 40 sqm depending on the retail space available. These shops are designed to perform at its best in shopping centres, high street locations therefore preference is given to a corner shop situated next to an anchor tenant with high foot traffic. It also stated that all the equipment and shop fitment costs are included in the investment price.
The company has a joining fee for a new standard King Pie outlet by a new franchisee which is R 55, 000 and this fee includesinitial fee, training fee and contract fee.The starting management service fee for new standard outlet is R 4, 300 for the first 12 months. The company also has a marketing fee which is R 1, 290 for the first 12 months. One of the key factors of buying a franchise is the ability of working and communicating well with other people. This venture not only requires the owner to be hands on with the day-to-day running of the business but to also be hands on in terms of catering to their customer’s needs.
King Pie has grown to be one of the most trusted pie shops in the country, their stores can be found in almost all major shopping malls in the country. Opening any kind of store in a shopping mall is a brilliant marketing strategy as it positions the store in an area where there are many people; this increases the number of people that might buy at the store resulting in high sales. Even new owners will be able to make sales when they are just starting out because of the trusted brand of King Pie and also the locations that a store is based at.
