"Selling your business is our business"
"Selling your business is our business"
What is the Franchise opportunity about?
This is a new Takealot franchise opportunity.
The opportunity entails food and parcel delivery in the Soshanguve area.
The distribution rights and franchise operational area is specific to the Soshanguve area and requires a potential buyer to be familiar with the Soshanguve area and have good knowledge of the lay of the land.
Takealot.com, a leading South African online retailer, is looking for a suitable Business Owner
to invest in and join their Takealot Delivery Team Franchise Network in the Gauteng
Township regions. They are a young, dynamic, hyper growth franchise business looking for
smart, committed, hard-working, dedicated, execution-biased and Extra Ordinary Minded
Business Owners who are prepared for a challenge and want to build something great.
Few applicants will successfully progress through the application process and eventually be
awarded a franchise opportunity. With this in mind, they consider a Franchisee to be unique
person. As a Franchisee, you will be running your own business, yet required to operate within
the parameters of the Takealot brand and franchise business format.
How long has the Franchise group been establised for?
Inception 2011.
How many existing franchisees are there in the group and for how long have they been operating?
The Takealot Delivery Team consists of over 90 branches nationwide, more than 70 franchisees and has over 15,000 independent drivers in its network.
In which provinces/ areas are the existing franchisees located in?
The Franchisees are located throughout South Africa.
What is the success of the current franchisees?
All Franchisees enjoy a successful return on their investment. Franchise performance is determined by the area that the Franchisee is servicing and the Franchisees level of commitment to their individual franchise and the brand standards.
How does the franchise operate on a daily basis?
The Franchisee will be required to fulfill food and parcel deliveries to the Soshanguve area.
Does the Head Office assist in securing contracts (if applicable) or is it up to the individual franchisee's to do this?
There is a constant supply of orders generated on a daily basis, these deliveries will be channeled to the perspective Franchisee to deliver in their designated area.
What advertising and marketing is undertaken on a group basis and what is the individual franchisee expected to do?
Takealot head office will be responsible for all marketing activities.
When does the current lease end?
The Franchisee will be responsible for finding a suitable premises ideal for storage and dispatch of Takealot parcels.
Why is this a good business?
Sought after Franchisee opportunity with proven track record and opportunity to be part of the Takealot business model.
How are Projected turnovers and profits calculated?
Projected figures have been calculated on existing Franchisees trading performance and tailored to reflect the specific trading potential of the advertised area.
What is the Franchise joining Fee?
TBC
What extra marketing and advertising should a franchise budget for?
No need for the Franchisee to do extra marketing.
What assets are included in the purchase price?
The costs of setting up the distribution hub will be for the Franchisees account. This will include items such as computer hardware, shelving, work desks and the like.
How many staff members are required to successfully operate the franchise?
6 staff members will be sufficient.
What training is provided for new franchisees and staff members? Is there a cost associated with this?
New Franchisees will need to undergo intensive, practical/on-the-job training, where the
Franchisee will be exposed to all of the necessary operational elements to ensure a
sound understanding of the required processes to be instilled and strictly followed in
their franchise business.
â New Franchisees should prepare themselves for an uncompromising six (6) week training
and make adequate provision, both social and financial, for this period. This is especially
important when taking cognisance of the fact that the training will be conducted at the
most suitable training hub which may be some distance away and require the Franchisee
(including the trainees) to arrange accommodation, travel, etc.
â It is necessary to emphasize that the six (6) weeks training of Franchisee (and trainees) is
not negotiable and it is imperative that all applicants remain mindful of this critical
requirement at all times throughout the application process and the impact of the
possible training venue on their overall decision to proceed.
What support and backup is offered to the franchisee?
The Franchisee will enjoy constant support and backup from the Franchisor.
Does the franchise have to be owner operated?
The Franchisee will need to be an owner operator which will require the owner to be actively involved in the franchise on a daily basis.
What skills and background is the franchisor looking for in a prospective franchisee?
*A candidate must have the correct BEE credentials
â Tertiary qualification (logistics, e-commerce and/or business management) or 10+ years
business/management experience.
â Sound operational and execution delivery background.
â Proficient in Microsoft Office (Excel, Word and PowerPoint) or the Google equivalents.
â Proven track record of success in delivering against SLA targets and project
implementation initiatives.
â Financial costing management understanding and experience essential.
â Must have business acumen with a proven track record.
â Must be business/tech savvy.
â Logistics supply chain experience advantageous.
â Having managed and owned your own business will be advantageous.
â Franchising experience will be advantageous.
â Experience in the e-commerce/on-demand sectors will be advantageous.
Strengths?
Takealot is the leading e-commerce platform in Southern Africa
Franchisees will receive strong franchisor support within a successful business model.
Opportunities?
There are opportunities to buy other distribution areas.
Threats?
None percieved.
What is the full purchase price of the franchise (incl VAT)?
R385 000-00 excluding Vat.
The purchase price may vary and is dependent on the setup costs of the franchise distribution hub and excludes working capital of approximately R200 000-00.
What is included in the purchase price and breakdown of various costs?
The distribution rights for the Soshanguve area and setup costs.
How many months working capital will the franchisee require?
A Franchisee will require R200 000-00 working capital.
When will a franchisee be able to start drawing profits from the franchise?
It is estimated that after 12 months of trading a Franchisee will be able to start drawing from the business.
How much unencumbered cash is needed from prospective franchisee?
R550 000-00 unencumbered cash is required.
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