When you become a Wimpy franchisee you have the assurance that you won’t just be left in the dark. We will hold your hand every step of the way until you are ready to take the first steps on your own.
As soon as your business is up and running we will provide business training in accounting controls, help organise stock control, and assist you in improving your business in every way possible.
However, you as a franchisee will be fully responsible for your own store from a financial point of view, and also in terms of human relations and manpower. Although you can rely on the strong Wimpy brand image to attract customers, success will eventually depend on your hard work and commitment.
So if you believe you have the entrepreneurial skills to run your own Wimpy, and become part of a winning formula, then contact us for franchise opportunities.
For franchising opportunities please download our franchise application form and contact:
Yvonne van WykOnce you have been granted and guaranteed a franchise, we will assign a business banker to you to process your application. He/She will assist you with applying for financing and any other general enquiries you may have about the financing side.
For any financing enquiries please contact:
Kobus Snyman
Solution Specialist : Franchising, Absa Business Bank
Tel: +27 11 350 9727
Mobile 082 920 5469
e-mail: kobusjs@absa.co.za
Address : 4th Floor
Absa Towers West
15 Troye Str
Johannesburg 2001ne.duarte@fnbcommercial.co.za
Olley Accom
National Franchise Manager
Nedbank Business Banking
Tel: +27 11 295 9045
Cell: 083 633 9291
e-mail: OlleyA@Nedbank.co.za
Andre Beck Franchise Specialist
Growth and Acquisition
FNB Commercial
FNB Building
Enterprise Road
1st Floor
Fairland
2170
Tel: +27 11 632 0396
Fax: 086 529 4169
Cell: 082 799 6404
e-mail: ABeck@fnb.co.za.co.za
Franchisees are provided with a comprehensive disclosure document detailing the franchise agreement, operating manual and other basic information. This document includes the contact details of all Wimpy outlets to encourage potential franchisees to study the market and make informed choices.
Every potential franchisee is thoroughly screened in the interests of both the Wimpy brand and the individual concerned. Franchisees need to display entrepreneurial skills, the ability to follow procedure, good personnel management skills, the ability to work in a structured environment and the capacity to handle pressure. The level of direct involvement in the running of the business, and the anticipated income, also needs to be assessed. Funding availability is also crucial as 40% of the set up costs must be available in unencumbered funds.
The disclosure document includes inter alia the following sections:
This section of the disclosure document provides details of costs. These include the initial franchise fee, establishment costs and ongoing franchise fees.
The disclosure document contains organograms illustrating how the various sections of Wimpy and Famous Brands Limited as a whole are structured.Thus this disclosure document contains all the information needed for a detailed investigation of the potential of a Wimpy franchise business opportunity.
The franchisee fee is made up of two components namely the Initial Franchise Fee also commonly known as the joining fee and secondly the ongoing franchise fee commonly known as Royalties. The Initial Franchise Fee goes towards design, plans, drawing up of legal documentation, project management, training, menus and various other items. The ongoing franchise fee (Royalties) is a monthly percentage of turnover contribution which enables the franchisor to give ongoing service in respect of Franchisee Support.
The advertising contribution is a monthly percentage of turnover contribution which goes to a marketing fund. The marketing Fund uses the funds towards National advertising and other activities to which the whole Wimpy franchise system benefit.
The franchisee fee for a Standard WIMPY is R114 300-00 excluding VAT..
The franchisee fee for a Seatless WIMPY is R55 500-00 excluding VAT.
Royalty - 7% of net monthly turnover
Advertising - 5% of net monthly turnover
Approximate set up cost for a standard WIMPY is R1 931 088-14 excluding VAT. Set up cost includes equipment, shop fitting, wet works, furniture and fixtures.
Standard Wimpy - Between R1 900 000.00 and R2 500 000.00 excluding joining fee, contingency and VAT.
Seatless Wimpy - Approximately R650 000.00 excluding joining fee, contingency and VAT .
50% of the total cost is required as unencumbered cash and the balance can be financed through a financial institution
Wimpy does not offer finance nor does it have in-house finance available however reputable financial institutions can be recommended.
Between R100 000.00 and R150 000.00 working capital is required for landlord deposits, electricity deposits etc. Approximately R35 000.00 to R55 000.00 is required for opening stock
A standard Wimpy rages from 200m² - 350m² in size
A seatless Wimpy rages from 45m² - 65m² in size.
The training consists of just over three weeks training which comprises two weeks practical training (hands on) and one week theoretical (classroom) training.
Return on investment is dependant on site location, gearing, lease agreement and your capability of running your business in accordance with the specified Wimpy standards and operating procedures.
Step 1: Access theFranchise application from the web site.
Step 2: Complete the form and submit it.
Your application will be treated in the strictest confidence. The completion of the form is a standard procedure and is in no way binding on either party, however it gives us comfort in your commitment in pursuing a Wimpy Franchise.
Developers, Property Brokers and Letting Agents:
• Constant contact is maintained with developers, property brokers and letting agents and negotiations are initiated at times years before construction starts. This is the case with most new shopping centre developments.
Assessing new sites:
• All new sites that become available are assessed on their own individual merits.
Allocating new Sites:
Where a new site could cannibalize or affect an existing Wimpy franchisees’ turnover, we have no option than to offer the site to the possible affected franchisee. This policy is seen as ethical and fair to existing investors and should you be in a similar situation you would want the same consideration. Should we consider the new site to be of strategic importance and the above-mentioned franchisee does not take up the first right of refusal we then procure an alternative franchisee either from within our system or from the franchise applications we currently have on record. Should a site be considered to have an adverse affect on other Wimpy franchises in the near vicinity we will not even consider the opening of such a site. In line with Wimpy’s black economic empowerment policy, new sites which do not impact existing franchisees’ business interests will be allocated to previously disadvantaged applicants. Wimpy’s management reserves the sole mandate in implementing any strategy related to the aforementioned policy. This process has no specific time frame and no commitments in this regard can be made. In some instances this process could happen fairly quickly and in other instances could be a long wait.
IT IS TO BE NOTED THAT ONLY APPLICANTS PROPOSING OWNER OPERATED FRANCHISES WILL BE CONSIDERED.
