A R20 000.00 incl commitment fee is required as a deposit. This will be utilised for any costs associated with the application process in terms of assessments, interviews and tests. The balance of the amount which wasn’t utilised to conduct the relevant checks and screenings will be offset against the Initial franchise fee of R100 000 (excl VAT) which is required once the drafting of the franchise agreement has started.
This amount is refunded in the event of the potential applicant withdrawing in the process as per our terms and conditions.
R100,000 (excluding VAT) – This fee includes the following:
- The right to use and operate the name and concept
- Franchisee and staff training
- Assistance with the site selection and negotiations
- Assistance with lease negotiations
- Initial pre-opening launch
Estimated Set-Up Costs
These costs may vary based on the size and design of the store. The estimated costs include working capital and all other anticipated costs.
Sit-down Restaurant: R1,500 000.00 (excluding VAT)
Express Stores: R1,100 000.00 (excluding VAT)
Minimum unencumbered cash contribution: 50% of set-up costs.
Monthly royalties are calculated as a percentage of the monthly turnover of each store and enables the franchisor to give ongoing support and service. Marketing royalties cover national advertising, promotions, research and other activities which benefit the Simply Asia brand.
Franchise Fee: 7% of monthly Net Sales
Marketing Royalty: 3% of monthly Net sales