Our sound knowledge of the franchise sector enables us to offer products and global solutions that meet franchisor and franchisee needs.
We offer franchise customers a range of market-leading solutions aimed at optimising banking value and reducing operational risks.
With more than 20 years’ experience and extensive network of industry specialists, we are professionals in servicing franchises of all sizes.
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Buy a franchise
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Franchise your business
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Beat the jargon
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Call us
Name Position Email Charnel Kara Business Development Manager: FMCG Wholesale and Retail Charnel.Kara@absa.africa James Noble Head: Wholesale, Retail and Franchise James.Noble@absa.africa Thamsanqa Letsoalo Business Development Manager: Automotive Sector Thamsanqa.Letsoalo@absa.co.za Lethu Mazibuko Business Develpment Manager: Food and Beverage Lethu.Mazibuko@absa.africa Riaz Desai Business Development Manager Riaz.Desai@absa.africa
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Is your business ready?
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Grow your business
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Call us
Position Email Name Abigail Makhubele Business Development Manager - Consumer Services, Quick Service.
Restaurants & Restaurants.abigail.makhubele@absa.co.za James Noble Business Development Manager: Fuel jamesjn@absa.co.za Thamsanqa Letsoalo Business Development Manager: Automotive Sector Thamsanqa.Letsoalo@absa.africa Lesego Mpakanyane Business Development Manager: Wholesale & Retail Lesego.Mpakanyane@absa.africa
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Bank
Business current accounts
Our Business Evolve accounts are designed to suit your specific banking needs.
Business credit cards
Manage business costs effectively with our range of business cards and spend management tools.
Save and invest
Saving and investing with our suite of business investment products is a great way to maximise the return on your business’ operating cash. Your money is secure and easily accessible when needed.
Merchant solutions
Our products and services will help you take control of your entire processes of cash collections and payments.
Trading globally
Let’s take care of all your cross-border banking needs.
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Borrow
Commercial Asset Finance
We offer a range of loans to finance your commercial assets.
Commercial Property Finance
Whether you're buying new premises for your business, refurbishing your current property or building, we can help you with a loan to finance your project.
Term loans
We can help you with a variety of short- and medium-term loans to ensure your business has the right funding.
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Call us
Position Email Name Abigail Makhubele Business Development Manager - Consumer Services, Quick Service.
Restaurants & Restaurants.abigail.makhubele@absa.co.za James Noble Business Development Manager: Fuel jamesjn@absa.co.za Thamsanqa Letsoalo Business Development Manager: Automotive Sector Thamsanqa.Letsoalo@absa.africa Lesego Mpakanyane Business Development Manager: Wholesale & Retail Lesego.Mpakanyane@absa.africa
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Let’s help you plan accordingly
Before you think of exiting the franchise, consider the needs of the:
- Franchisor —The franchisor will have a standard franchise agreement in place and will typically be reluctant to amend it.
- Franchisee —The franchisee needs to map out desired future developments. Does he/she want to appoint a manager, hand control of the business over to one of his/her children or sell the business outright and make a capital profit?
- Buyer of the business —The buyer of the business expects the business to perform as contemplated.
Exit formats — An individual can exit the business in stages or in one single transaction.
Exit in stages
A family member or a deserving member of staff is groomed as successor. He/she is given an opportunity to acquire shares over a predetermined period until full transfer of ownership is accomplished. This format is attractive because continuity is practically assured. It is particularly suited to the transfer of ownership to heirs. It can also be used in BEE transactions, often in combination with tandem franchising.Outright sale
Should an outright sale be contemplated, the seller will expect the franchisor to act fairly, be supportive and facilitate the transaction in line with conditions agreed in advance.Transfer process
Some franchisors reserve the right to handle the process of selling the business. They charge a market-related commission in return. Others reserve the right to approve the buyer and charge a fixed fee for undertaking the approval process and providing training to the buyer of the franchisee.
- Franchisor —The franchisor will have a standard franchise agreement in place and will typically be reluctant to amend it.
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Call us
Position Email Name Abigail Makhubele Business Development Manager - Consumer Services, Quick Service.
Restaurants & Restaurants.abigail.makhubele@absa.co.za James Noble Business Development Manager: Fuel jamesjn@absa.co.za Thamsanqa Letsoalo Business Development Manager: Automotive Sector Thamsanqa.Letsoalo@absa.africa Lesego Mpakanyane Business Development Manager: Wholesale & Retail Lesego.Mpakanyane@absa.africa
