Here’s How Much It Costs To Open A RocoMamas Franchise In South Africa
Here’s How Much It Costs To Open A RocoMamas Franchise In South Africa. RocoMamas has been growing tremendously since its inception; the fast food restaurant chain has been able to solidify its brand in South Africa as one of the best fast food restaurants. This is because the company has positioned it brand to align with quality burgers and sophisticated customer service.
The company requires potential franchisees to pay an upfront fee of R145 000. The establishment costs for a RocoMamas franchise are approximately R4000 000 and its recommended working capital is approximately R120 000. Since the franchises will be managed and marketed by RocoMamas, the company charges a management services fee of 5% in turnover sales and an advertising /marketing fee contribution of 2% in turnover sales.
Founded in July 2013, RocoMamas has fast become one of the trendiest restaurants in South Africa, garnering a loyal following of burger enthusiasts. The RocoMamas concept was launched by Brian Altriche, who has grown RocoMamas to 70 restaurants throughout the country and 11 international restaurants, located across the rest of Africa, Mauritius, India, Australia and the Middle East. Spur Corporation acquired the majority stake in RocoMamas in March 2015, with Altriche continuing as CEO.
The acquisition of the majority stake by Spur Corporation shows that RocoMamas is a thriving business that is set to attract more investors who also see the company growing in the next few years. This will allow the RocoMamas brand to grow beyond the level it has reached now, as more money will be invested in the business. Anyone who is considering buying a RocoMamas franchise would be making a good investment that will be very lucrative for them in the long term, this is because the company has been attracting new customers through its advertising and marketing strategies, and these strategies will also be used when they’re marketing a newly launched franchise.
