EasyLife Kitchens

The company recommends that the Franchisee:

1. Introduce R750 000 cash in the month prior to commencing trading
2. Raise an overdraft for R150 000 - this will cover the initial shortfall, allow the financing of VAT until the initial VAT refund is received and give some leeway if sales penetration is slower than expected
3. Enter a lease agreement for a 1-ton bakkie (R150 000 less 10% deposit = R135 000)
4. Franchisees may also have access to supplier credit facilities regarding the purchasing of the stock requirements for the initial orders. This usually amounts to approximately R95 000 but the franchisee is required to complete the supplier’s credit application process and be approved by the relevant supplier.

• Net value of purchases up to R107 000 per month – 5%
• Net value of purchases between R107 001 and R321 000 per month – 2%
• Net value of purchases in excess of R321 001 per month – 1%

Today we have 26 outlets nationally and two factories supporting these outlets with major investments in equipment to ensure efficient and quality supply to our franchise outlets.

Buying a franchise is serious business, as you will know, and the management of Easylife Kitchens would like to thank you for your honesty, your time and your interest in our brand. We would like you to know that we value your discussion with us and look forward to receiving your completed franchise application document and meeting with you in the near future for more in depth discussions and disclosure of more financial information.