Here’s How Much It Costs To Open A Wimpy Franchise In South Africa

As one of the leading restaurant franchise groups in South Africa, Wimpy is constantly looking to grow the Wimpy Family. The Wimpy brand will grow by opening other restaurants around the country as this will increase their brand presence. This is why franchising is important, not only for the franchisee but also for the growth of the business itself.

For a brand new Wimpy Franchise, franchisees can expect to pay between R1.9 million – R2.5 million and an initial franchisee fee of R114,300. Franchisees are also expected to pay 7% of their turnover in management fees and 5% of their turnover in royalties. This is because as a franchise restaurant, the business is not independent and therefore has to pay royalty fees for using Wimpy’s brand name, likeliness and its recipes.

When one becomes a Wimpy franchisee, they can rest assured that the company will provide them with all the training necessary to help them make a success of their business. However, success will ultimately depend on their hard work and commitment. As much as it is important to have the financial means of opening a franchise, it is also equally important for franchisees to have good management and business skills that will give them an edge when they have to run the day to day operations of the business.

This is why background checks are done by Wimpy in order to determine if a person that is interested in buying a franchise is not only financially capable of buying and operating a franchise but they’re also good and competent businesswomen or businessmen. If a person is a hands-on operator, willing to put in the daily attention required to ensure their Wimpy is profitable and meets the business requirements of the brand, then this opportunity is for them. When one enters this business they need to love working with people, as pleasing customers will be the key to success.

By Thomas Chiothamisi