Here’s How Much It Costs To Open A Panarottis Pizza Franchise In South Africa
Here’s How Much It Costs To Open A Panarottis Pizza Franchise In South Africa. Panarottis Pizza Pasta franchise was launched in December 1990 when Spur Corporation saw a gap in the market for a quality pizza pasta restaurant with a friendly environment and Italian-styled food made from the finest ingredients. Panarottis’ complete package, latest exciting décor and menu, and a dedicated operator will lead to the franchise’s success.
The company requires franchisees to have capital between R570 000 and R4 000 000. The total capital required will be determined by the size of the store, location and other factors. They are also expected to have 60%, of the money mentioned above as unencumbered cash at their disposal. The company also has a royalty fee of 5% per month and a advertising/marketing fee of 2% per month.
The company advises all potential franchisees to have their finances in place when they want to venture into the franchise business as it requires a lot of capital. The Franchisor can not assist the franchisees with any of the capital that is needed for the store, this is because the franchise will be the responsibility of new owners in every aspect. Even though the franchisee will be responsible for the business, Panarottis is still entitled to royalty and advertising fees as they own the copyright of the use of the company name and its likeliness, they also will be responsible for marketing the brand as it is originally their company.
Panarottis is a sit-down restaurant concept catering to the family market. They are known for their generous portions, special offers and family inviting atmosphere. The franchisees benefit from the support, knowledge and skill provided by the company. The Franchisor favours franchisees with prior experience at managing a business. This, together with a willingness to invest time, enthusiasm and energy into running their business makes for a profitable combination when supported by the well-trained and motivated operations team.
