Franchise Opportunities

Franchise Opportunities

Cape Town Fish Market is a restaurant built on fresh ingredients, a relaxing atmosphere, and, most of all, great-tasting seafood and sushi. The first CTFM opened its doors in 1997 when Douw Krugmann started a fresh fish store in Cape Town’s V&A Waterfront. Today, CTFM is proud to have 11 locations across South Africa, as well as one in Tanzania.

We are continuously expanding and looking for investors to become franchisees and have opportunities available for investors and operators.


 
 

Photos of revamped stores

Live store walk-throughs

 

Drone footage of flagship store


 
 

Menus & Promotions


 
 

Online Training & Support

When opening a new store the franchisee, head chef, head sushi chef, head bartender, front of house manager and general manager will all receive extensive training in Cape Town.
Other employees will be trained in the new restaurant or in a nearby restaurant.
The duration of training will be determined by how much experience the franchisee has.
Cape Town Fish Market has government accreditation for both its front of house and back of house training courses.
Employees can improve their skills by completing a range of online training courses, which include self-assessment tests.
Managers can also test employees using the online tests.

 
 

Turnkey Operation

When opening a new store, CTFM Head Office will handle the entire building project.
An upfront guaranteed building cost will be agreed before the project starts (this will form part of the franchise agreement) and any additional expenses will be covered by the head office.
Staff training will happen in parallel with the building project so that staff are ready when the store opens.

 
 

Financials & Reporting

Stores will receive a weekly Profit & Loss statement.
CTFM head office will handle your payroll.
You will be able to benchmark yourself against other stores in the group.
CTFM head office provides ratio analysis and reports such as spend per head, promo sales, waiter analytics and cost of sales.

 
 

Location/Site

The ideal location and site should include the following criteria:
Upmarket area
High LSM Grouping (7-10)
Passing trade
Public transport facilities
Close to/inside large shopping malls
Other restaurants within a close vacinity
Inside Area: 300-500m2
Outside Area: 100m2 (min)
Parking for customers
High volume ceilings

 
 

Possible Opportunities

Existing store opportunities: East London, Lonehill, Greenstone
New store opportunities: Nelspruit, Cape Town, Johannesburg, Pretoria, Durban, P.E.

 
 

What does a franchise cost?

400m2 store: R4 mil (R2 mil unencumbered cash)
Larger stores: Up to R10 mil
 
Category Applying forDescriptionFunding Requirement
Unemcumbered CashTotal Investment
Sole Owner & OperatorThis category is for persons whom wish to be the sole franchisee as well as the operator of the business. R1mR2.5m-R10m
Sole Owner Non-OperatorThis category is for persons whom wish to be the sole franchisee but play a less active role in the day-to-day running of the restaurant. This option is dependant on the franchisee/franchisor finding an operations manager whom wishes to join the business.R1mR2.5m-R10m
Partnership & OperatorThis category will appeal to persons whom want to run the restaurant for a salary but may not have sufficient cash requirements needed to own the restaurant outright. The partner will either be the franchisor or another interested investor. If the franchisor is the partner, we typically look for up to 25% investment from the franchisee.R500kR500k-R5m
Partnership Non-OperatorThis category will appeal to persons whom want to partially invest in a restaurant but play a less active role in the day-to-day running of the restaurant. The partner will either be the franchisor or another interested investor. If the franchisor is the partner, we typically look for up to 25% investment from the franchisee. This option is dependant on the franchisee/franchisor finding an operations manager whom wishes to join the business.R500kR500k-R5m
 

Requirements

If you have an entrepreneurial spirit and are interested in purchasing a CTFM please call Emil Krugmann at +27 (0)82 801 2894 or apply below.