- Joining Fee: R 171 000 excl. VAT
- Stock Guarantee: R 100 000 (to be kept in a trust account)
If a new store is to be built, the development costs would be site and spec specific – on average R 14 000 per m².
- Royalties: 4.5% of turnover;
- Marketing: 2.5% of turnover;
- To qualify, a potential franchisee would need to have 50% of the setup costs in unencumbered funds.
At Ocean Basket, we are mad about seafood. Our mission is to deliver the best seafood at great prices. We believe in sharing and creating a sense of family. We do everything with a playful spirit and embrace our Mediterranean passion for life. Generosity is at the core of everything we do, everyone is welcome- it is a restaurant destination for diners seeking a quality, affordable meal in a relaxed environment.