|Initial Franchise Fee:||R100 000|
|Set-up Costs:||R99 000 (incl. stock)|
|Management Fees:||3% of Turnover|
About the Franchise
Ferocat Wholesale Handbags (Pty) Ltd currently operates out of 18 stores in 6 provinces of South Africa. An average store turnover is R80 000 per month with a 30% gross profit margin and a beginner store should make a nett profit of R72 000 per annum or R6 000 per month. The stores’ overheads are low at less than R20 000 per month for each store and all store operations have been standardised and is uncomplicated.
The product merchandising and price combination has been proven to be highly successful and within the company’s store network top stores are making monthly nett profits in excess of R60 000 per month.
Starter franchises are available stock inclusive at R199 000 which also includes shopfitting.
Ideal Franchisee Profile
Responsible person who wants to own a small business within their own town or community.
Franchisee Training and Development
Training will be done at Ferocat Head Office in Cape Town.
Payable in two instalments.