Standard Bank is committed to serve the Franchise sector. As loyal supporters of ethical franchising in Southern Africa we have established successful partnerships with established franchisers, and have assisted many franchisees to become an integral part of the Franchising system since 1970.
Through a customer centric approach, our goal is to "partner" with you as Franchisers and Franchisees, to set you up for success in managing and growing your business. We deliver this promise by servicing existing relationships through our national footprint of committed relationship teams.
We take pride in understanding customer's needs. Whether buying your first franchise, remodeling your existing franchise or growing your franchise business to become a multi-store owner. We match your needs by assisting you with a holistic bank offering which range from funding, custom made pricing packages, to customised payments and collection solutions.
Our Franchising solutions are based on three fundamental principles:
A franchise is an agreement or license entered into by two parties, the franchisor and the franchisee.
A franchise gives a person or group of people - the franchisee - the rights to market a product or service using the trademark of another business (the franchisor).
Before deciding whether to Franchise your business, the following need to be considered:
Credibility and a proven concept: The concept needs to be proven. The business must have a good track record and an experienced management team.
Profitability: The franchisee and franchisor should obtain a reasonable profit. The franchisor should receive a return on the investment in the development costs. The franchisee should receive a return on the investment in setting up an individual outlet.
Uniqueness: The business to be franchised needs to have a unique selling point that will allow it to differentiate its products or services from those of its competitors.
Sustainable and growing demand: The franchisor needs to ensure that demand exists in different areas, and that the product has staying power. The market for the product or service should be growing and the demand must be sustainable.
Intellectual property and systems: The business needs to have a set of systems, procedures, expertise, skills and know-how that optimises every operational step.
Transfer of skills: It must be possible to train prospective franchisees lacking experience in the sector within a reasonable period.
Support infrastructure must be in place: The franchisor must provide intensive initial and ongoing support to franchisees. This requires manpower, facilities, a veritable set of skills and absolute dedication to the creation of win/win outcomes.
Potential franchisees should consider the following before committing to an opportunity:
What we offer?
Application for finance checklist:
Additional supporting documentation:
Call us on 011 344 5438
Email us on: firstname.lastname@example.org