I want to buy a franchise, what should I know?

Acquiring a franchise business can be rewarding, but does require serious consideration. Some of the important steps to take are: Doing thorough homework about what the chosen franchising business entails, so that they have the correct expectations Ensuring that it’s feasible Understanding the brand that is being bought Understanding the local market and finding the […]


Acquiring a franchise business can be rewarding, but does require serious consideration. Some of the important steps to take are:

  • Doing thorough homework about what the chosen franchising business entails, so that they have the correct expectations
  • Ensuring that it’s feasible
  • Understanding the brand that is being bought
  • Understanding the local market and finding the right location
  • Having an ‘own’ contribution of about 40% to 50% of the start-up costs
  • Bringing plenty of passion and energy to the venture.
Thabiso Ramasike
About the Author
Thabiso Ramasike is the head of franchising at Standard Bank.

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