Total initial investment required for an average store is in the region of R800 000.00
Upfront franchise fee and initial setup cost is in the region of R250K
Working capital – (mostly stock) R550K (all excl.VAT).
Ongoing Royalty Fee: 5% of Net Sales applies on a monthly basis as well as further 1% of Net Sales for Local and 1% of Net Sales for National Marketing efforts. No National Marketing contribution will apply for the first 6 months of trading.
Lotters Pine has been supplying homes around the country with quality, pine furniture for the past half a century and to this day, the team remains dedicated to stocking the ever-popular pieces but also bringing new, fresh styles and innovative painting and staining techniques to the value-orientated customer.
Lotters Pine point of difference is that we focus almost exclusively on pine furniture, and we are truly specialists in our field. Lotters Pine also has a range of products that are manufactured exclusively for us and our showrooms carry a vast amount of stock, guaranteeing efficient service and delivery.