Become a Pick n Pay Franchise Owner

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Lesson /23
Is a bank guarantee necessary?

A bank guarantee has to be lodged prior to the store opening as security against stock purchased through the Pick n Pay system. The formula will be based on projected purchases via the region. A Notarial Bond to the value of R6 million is also to be registered as additional security.
Please note: Minimum bank guarantee is R600 000.

 

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