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Watch this space as 3@1 moves across Africa

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3@1 Franchising has announced the signing of a multi-store agreement for Uganda. This follows the conclusion of a similar agreement in Zambia and the recent opening of the brand’s first store in the country.

3@1 Franchising, the one - stop retail solution for print, courier, photographic and business service needs, launched its international expansion programme in 2015 with the opening of a store in Windhoek, Namibia. Additional outlets are planned for this country in the year ahead. 2016 saw the signing of a master franchise agreement for Zambia with a first store launching in Lusaka in June 2017.

“Ours is an established brand with a strong foothold in South Africa, and we see African expansion as one of the next major opportunities for growth,” says founder and CEO Chris Dunn. “My vision has always been for 3@1 Franchising to expand beyond our borders and become a provider of essential printing, courier, photographic and business solutions in our neighbouring countries.”

Founded in …

Finding opportunities in retail franchising

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By HS Van der Linde, Business Development Manager – Retail Franchising, Absa Business Banking

Retail franchising is a fast-paced and vibrant sector offering an array of opportunities to ambitious and dedicated franchisees. However, the industry is not immune to the economic difficulties sweeping the globe. With typically wafer thin margins set in an economy not predicted to grow more than a couple of percentage points, franchise owners are required to be more agile.

The retail franchising industry that Absa supports can be broadly divided into food, hardware/building material/spare parts stores and the second-hand tradable goods sectors. Each sector comes with its own set of intricacies, challenges and prospects resulting in unique solutions being offered in a recessionary environment.

Food retailers, for example, have seen a decline in margins of between two and three percent in the past 18 months. This is due to consumers having notably less money to spend. Major retail brands are e…

#SAFranchise Friday featuring Wildman Hunting & Outdoor

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BACKGROUND
The Wildman Hunting & Outdoor franchise, the first of its kind in South Africa, was launched in November 2010. The first franchise was established in Graaff-Reinet, quickly followed by more franchises opening in various provinces and today there are no less than 14 outlets.

Concept founder, Frik du Plooy, has been a prominent figure in the firearm industry for over 31 years. From a small-town Firearm Dealer and Gunsmith business, under his direction and with the assistance of his team who collectively has some 300 years’ experience in the field, Wildman Hunting & Outdoor has grown into one of the largest privately-owned firearm retailing ventures.

The company's success can be attributed to Frik’s insight into the need to diversify their product range, thereby ensuring repeat business from existing clients and creating traction for potential new clients.

THE CONCEPT
While hunting is their primary focus, they also cater for customers interested in target-, wing- and …

Commercial property a viable nest egg for SMEs

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The do’s and don’ts when it comes to investing in commercial property

In light of National Savings Month, which aims to promote debate around the key aspects and benefits of saving, Jeremy Lang - regional general manager at Business Partners Limited (BUSINESS/PARTNERS) - says that traditional savings vehicles may not always be the best option for small and medium enterprises (SMEs), and that investing for growth may be more beneficial than sitting on a lump sum of cash. Lang says that in the current economic environment, investing in property may be a viable option for SME owners to consider as a long-term savings mechanism.

“In 2016, industrial property was the top performing sector in the South African property market, with a total return of 13.6%. Over the last 10 years, it has proven to be a relatively stable and resilient asset class in terms of generating positive returns over the medium to long-term,” says Lang. “As such, both commercial and industrial property are good invest…

Smart thinking at Meadowdale Mall Cash Converters franchise

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Now is the right time and Edenvale is the right place to open a new Cash Converters store in Meadowdale Mall, says co-owner Dave van den Berg. He foresees the venture making the most of both local and global trends.

“The biggest shift in consumer buying today is to second-hand goods,” he says. “This is driven mainly by consumers having less cash to spend, supported by the fact that buying second-hand helps reduce manufacturing pollution and save the environment.”

Husband-and-wife partnership Dave and Elna van den Berg are now based in Pretoria but chose Edenvale as the site for their new venture because they have come to know it well over the years.

“Dave worked in Edenvale, Germiston and the East Rand for many years so we appreciate that it’s one of South Africa’s oldest established areas,” says Elna van den Berg. “We see this new store as an investment in the future of the area as well as in our own family.” Dave van den Berg has high hopes for their new venture: “I want us to be r…