Quality Learning Support For Better Outcomes
First time here? Checkout the FAQs!
x
MathsGee is Zero-Rated (You do not need data to access) on: Telkom |Dimension Data | Rain | MWEB

0 like 0 dislike
638 views

How can I get a Pick n Pay franchise in South Africa?

in Mathematics by Diamond (80,728 points) | 638 views

1 Answer

0 like 0 dislike
Best answer

Purchasing a Pick n Pay supermarket franchise is not a small investment, and running it is a complex task that will require intensive training. At the very least you’ll need to lay down R6 million for a small supermarket, and if you want to go bigger you’ll need to double that investment.

Pick n Pay started as a family-run business, but has since grown to include 1,795 stores, of which 719 are franchises covering their supermarkets, express, clothing and liquor stores.

After a couple of lean years, things are also looking up at Pick n Pay. According to its latest annual results, the company has increased its turnover by 7.1%, to R86.3 billion.

Of the 552 supermarkets under the Pick n Pay umbrella, 304 are franchises. The floor space of these stores is large – they are, on average, 3000 square metres in size. This increases the complexity of running the business, and pushes up the initial purchase price.

Prospective franchisees must undergo an intensive evaluation, and then complete a two-month long training process prior to taking over a new store.

Franchisees must also purchase a comprehensive operation manual that details all aspects of running the business.

Establishing a new store costs in the region of R10 million. This purchase price depends on the size and location of the store, and the developer’s contribution.

Once the store is up and running, franchisees must also pay a fee of 1.25% of gross annual turnover.

 

by Diamond (80,728 points)

Related questions

0 like 0 dislike
1 answer
0 like 0 dislike
1 answer
0 like 0 dislike
1 answer
1 like 0 dislike
1 answer
0 like 0 dislike
1 answer
0 like 0 dislike
1 answer
0 like 0 dislike
1 answer
0 like 0 dislike
1 answer

Join the MathsGee Answer Hub community and get study support for success - MathsGee Answer Hub provides answers to subject-specific educational questions for improved outcomes.



On MathsGee Answers, you can:


  1. Ask questions
  2. Answer questions
  3. Comment on Answers
  4. Vote on Questions and Answers
  5. Donate to your favourite users
  6. Create/Take Live Video Lessons

Posting on MathsGee


  1. Remember the human
  2. Behave like you would in real life
  3. Look for the original source of content
  4. Search for duplicates before posting
  5. Read the community's rules
MathsGee Tools

Math Worksheet Generator

Math Algebra Solver

Trigonometry Simulations

Vectors Simulations

Matrix Arithmetic Simulations

Matrix Transformations Simulations

Quadratic Equations Simulations

Probability & Statistics Simulations

PHET Simulations

Visual Statistics

MathsGee ZOOM | eBook