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How much it costs to buy a bar or pub franchise like Tiger's Milk, News Cafe, Cubaña, or Bossa | Business

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SA's bar and restaurant industry generates annual revenue in the millions. Much of this moves through established bar and restaurant brands, many of which are available to buy and run as franchises. | News24_Business

The hybrid model may increase potential revenue for individual stores - but adding full-service kitchens, wide menus, and bigger floor space also increases establishment costs.Newer franchises that exploit this hybrid model, like Life & Brand's Tiger's Milk, and to a lesser extent La Parada, have seen significant expansion in recent years.

The pub offers a variety of relevant food and drinks for evening entertainment, with some stores branching out into lunch and breakfast, too. A new Brazen Head franchise requires a R120 000 franchise fee and recommended capital of R150 000. Establishing a branch costs an estimated R2.4 to R3.5 million. Franchisees must pay ongoing advertising, marketing, and management fees totalling 7% of turnover.

La Parada takes a slightly more sophisticated approach than Tiger's Milk, offering a variety of South African-inspired tapas dishes in some of the country's well-heeled neighbourhoods. A new La Parada branch requires an initial franchise fee of R400 000 and costs an estimated R15 000 per square metre. Franchisees must also pay 8% of monthly turnover towards marketing and management. La Parada franchisees must have between R4.5 and R7 million available to build a new branch.

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