The requirements of the Shisa Nyama franchise agreements are:
5 Years with the option to renew after five years
Setting up costs:
- Express Outlet (Fast Food) Estimate R 350 000 - R 500 000 (excl VAT)
- Lounge (Restaurant) R 700 000 - R 904 000 (excl VAT)
- Mobile Unit Set-up Cost R 90 000 (excl. VAT Excluding Extras)
Franchise Fee: R 60 000 (excl VAT) due upon signing the franchise agreement;
Franchise Fee Mobile unit:: R 30 000 (excl VAT) due upon signing the franchise agreement;
Monthly management fee: - 5% of Monthly turnover (excl. VAT).
Monthly marketing fee: - 3% of Monthly turnover (excl. VAT);
Working Capital suggested: - This is just an estimate.
- Express Outlet R 60 000
- Lounge Restaurant R 120 000
- Mobile Unit R 25 000
The franchise fee is a once off payment for each franchise that is opened. It secures the rights to operate a franchise, using Shisa Nyama trademarks and business systems. This fee is excluded in the set up costs. The franchise fee includes training for 14 days.