Small Business Focus

Wanna be your own boss? Considering franchising? You may want to check this out…

Also read:

Many would-be entrepreneurs find the idea of franchising alluring.

Someone with a proven business concept creates a system and that can be sold to - and replicated by - multiple individuals.

Sounds great, but sometimes things go wrong.

The Money Show’s Bruce Whitfield interviewed franchisee Alicia Steyn, who made a number of allegations, for his small business feature.

Whitfield gave Nkukhubox (the franchisor) Managing Director Itumeleng Mpatlanyana a chance to respond to Steyn.

Whitfield also asked Phitidis to weigh in and to talk about franchising in general.

For more detail; listen to the interviews in the audio below (and/or scroll down for quotes from it).

I bought a franchise from Nkukhubox about a year ago. I paid the full amount of R741 200, and I never received a store. They just started avoiding us, never signed contracts and refused to refund us. We’ve exhausted all our funds with lawyers and we’re desperate for some help. They refuse to settle.

Alicia Steyn

Yes, we did receive the money… The contractor we initially had – Global Container Project – we paid them for three containers… he disappeared on us… that’s what caused the delay… In April Alicia’s store was 90% complete… that’s when we received a lawyer’s letter from her stating they’re cancelling the agreement…

Itumeleng Mpatlanyana, Nkukhubox

I dispute the assertion that we’re not communicating.

Itumeleng Mpatlanyana, Nkukhubox

When Alicia cancelled the contract we sent her a settlement offer… She refused…

Itumeleng Mpatlanyana, Nkukhubox

It sounds to me that he has been overambitious in how he went to market.

Pavlo Phitids, Aurik Business Accelerator

Don’t believe anything a franchisor tells you!

Pavlo Phitids, Aurik Business Accelerator

Click here (then “like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter


This article first appeared on 702 : Wanna be your own boss? Considering franchising? You may want to check this out…


Recommended

by NEWSROOM AI

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
How I started a profitable micro-business in no time with only R1000

How I started a profitable micro-business in no time with only R1000

Valerie Pole took R1000 and turned it into a thriving micro-business. She then wrote a book to help others do the same.

Why businesses stop growing (a lesson for entrepreneurs)

Why businesses stop growing (a lesson for entrepreneurs)

The Money Show’s Bruce Whitfield interviews Aurik Business Accelerator founder Pavlo Phitidis.

Woman entrepreneur? How to juggle your business and personal life…

Woman entrepreneur? How to juggle your business and personal life…

Ray White interviews Yiedi CEO Jayshree Naidoo about the special challenges female entrepreneurs face and how to prepare for them.

How to break your business (in order for it to grow)

How to break your business (in order for it to grow)

The Money Show’s Bruce Whitfield interviews Aurik Business Accelerator founder Pavlo Phitidis.

Interested in buying a franchise? Learn from this guy (owner of 100 KFCs)

Interested in buying a franchise? Learn from this guy (owner of 100 KFCs)

Sumitra Nydoo (on The Money Show) interviews KFC franchisee Kuben Naidoo.

Wanna be a small business owner? Interested in buying a franchise? Read this...

Wanna be a small business owner? Interested in buying a franchise? Read this...

We interview the Chairman of the Franchise Association of South Africa about the ins and outs of franchises.

Popular articles
WCED 'extremely concerned' by recent child abductions in Cape Town

WCED 'extremely concerned' by recent child abductions in Cape Town

MEC of Education Debbie Schäfer confirmed that two girls aged 11 and 18 were abducted in Zonnebloem recently.

'He told me people would want to keep him quiet at any cost'

'He told me people would want to keep him quiet at any cost'

Journalist Gavin Evans says the late Mark Minnie spoke to him about his fears that those he exposed in his book might harm him.

'There is no verse in the Quran that says women should cover their faces'

'There is no verse in the Quran that says women should cover their faces'

Dr Taj Hargey says he is advocating for the ban of women wearing burkas in public because they look ridiculous.

[LISTEN] IRR believes list of targeted farms is genuine

[LISTEN] IRR believes list of targeted farms is genuine

Institute for Race Relations researches Terence Corrigan explains why they believe the list Afriforum has released is genuine.

Castro bodyguard shares tales of dictator’s double life and breath-taking wealth

Castro bodyguard shares tales of dictator’s double life and breath-taking wealth

Juan Sanchez shares stories of Fidel Castro that’ll make you re-examine everything you thought you knew about the Cuban dictator.