- Total Investment: R13 100 000
- Upfront Fee: 10%;
- Minimum Own Contribution: 30% of Total Investment
- Other financial details are available on application.
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.