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1. Franchise cost for Jimmy’s Killer Fish & Chips

  • The average set up cost for a store up to 50sqm is R600k, 80sqm to 100sqm is R690k & 100sqm to 120sqm is R750k.

  • The initial joining franchise fee is R70k excluding VAT.

  • Working capital required is R100k.

  • Transport costs which applies to stores 50km outside of Johannesburg is R25k.

All of the costs mentioned above do not include any structural changes to fixed property like shop fronts, air conditioners, building of external walls, demolishing & outside deck or outside flooring, opening inventory, vat, etc. The final costs will only be determined once the particular site has been inspected & assessed & it excludes any potential tenant installation allowance received from the landlord.

A minimum of 50% of the set up costs must be unencumbered  & the balance can be financed. However, being a turn-key operation, the full amount together with the initial joining franchise fees will have to be fully paid up before the project commences.

2. Funding

  • Killer Brands is accredited with various financial institutions and can assist prospective franchisees with funding.

ROYALTY FEES

  • Royalties are 5% on turnover.

  • A national marketing fee is also applicable.

 

APPLICATION PROCESS

  • A completed application form does not in any way guarantee acceptance. It is simply the first step in a process that is designed to ensure that both parties will be happy joining forces through a franchise agreement.

  • Your application will be reviewed & you will be notified telephonically & via e-mail of the review result.

  • Credit checks, financial checks, deeds check, etc. will be undertaken. Applicants that meet the Jimmy’s initial criteria & requirements will be interviewed by the Director of Jimmy’s Killer Brands for the final assessment.

  • The Managing Director & CEO will then decide whether the applicant will be approved to commence training.

TRAINING

  • Approved applicants have to agree to successfully complete the Jimmy’s full training programme at Jimmy’s Head Office & the designated training store.

  • Training is vital & it is fundamentally important to the success & profitability of the business. The training also ensures that the operations are uniform from one store to another.

  • It will be the responsibility of the franchisees to recruit their staff members with the assistance of Jimmy’s if required.

RETURN ON INVESTMENT

  • The business model has been designed to achieve a return on investment within a period of 24 months to 36 months.

  • No guarantees are made as all businesses have their own risks.