Here’s How Much It Costs To Open A Roman’s Pizza Franchise In South Africa
Here’s How Much It Costs To Open A Roman’s Pizza Franchise In South Africa. Buying any kind of franchise requires a person to be financially ready to take on the responsibility of paying for the costs that come with it. They have to have finances that will be able to see the deal through and for them to start their operations smoothly.
People who are interested in buying a Roman’s Pizza Franchise are expected to have a total investment of ± R2 700 000.This amount is made up of the costs such as the initial joining fee which is ± R90, 000.00; this money is required from the franchisee in order to confirm commitment of buying the franchise. The establishment costs of a franchise are approximately ± R2 600 000; which is based on a 120m² store size. Costs however do vary in accordance with various factors such as size of store, exchange rates, and numerous other factors which could affect this estimate. The franchisee is also required to have a minimum of R1 300 000 of unencumbered cash.
Once they have successfully purchased a franchise, franchisees will need an initial working capital of ± R100 000. Since Roman’s Pizza will be handling the management responsibilities of a franchise, the company will charge the franchisee a management fee which is 4% of the store’s monthly turnover. The company will also be responsible for the marketing of the stores and therefore will charge franchisees an advertising fee which is 4% of their monthly turnover.
When a person has successfully applied to buy a Roman’s Pizza franchise, the franchisees and all other staff members will be required to undergo training at a corporate store for a period of 4 to 6 weeks. Roman’s Pizza employees are trained to provide friendly, efficient service, the company believes that employees are the heart of its business so it strives to provide a fun, friendly working environment. This is done to ensure that it continues to grow and prosper.
When applying for a franchise a person should be passionate about the business, should have excellent communication skills and learning skills. They should also be willing to work long hours and motivate their employees so that they can operate with the brand’s best interests.
