franchise application - Pedros Chicken

FRANCHISE APPLICATION APPROVAL PROCESS

We're excited that you're considering Pedros as an investment opportunity and value all enquiries. Please note that we hold our Franchise Partners in the highest regard. Therefore, it is crucial that we get all the correct information from you, and that the correct process is followed, to ensure that we on-board like-minded partners who can be part of our growth and future success.

Click each step for more info

Item 1

Complete the application form below

Item 2

Processing of Application

Item 3

Credit Checks & Reference Checks to be conducted once all documents are in order

Item 4

Interview with Development Team
(Takes 14 working days from submission to interview)

Item 5

Outcome on Franchise Application once Franchise Committee review is done
(Takes 14 working days for feedback to be given by Committee)

Step 6

Site Allocation process starts

(more detail to follow once you are an approved Franchise Partner)

Step 7

Final site specific interview with Operations Executive prior to site allocation but after approval as a Franchise Partner

PLEASE NOTE

• Experience in the Fast-Food industry, FMCG, QSR industries will be advantageous. Should an applicant not possess relevant experience, we may request applicant to bring on board an Operating Partner with the relevant experience who will need to be given equity share in the business through an investment.

• We require Hands-on, Full-Time operators not just “investors”

• Should there be two or more partners joining this venture, we require an application with supporting documents for each partner.

• Application process may take up to 6 weeks from date when all supporting documents have been received.

• Should the outcome of your application be unsuccessful, Pedros reserves the right to not disclose the reason.

• Each applicant is assessed on a case-by-case basis.

• Application fee of R2875-00 is Non-Refundable in the event of application being unsuccessful.

• Minimum R2000 000-00 cash on hand (Own Contribution) is required to be reflected on Bank Statement upon application stage.

• 100% of the Development fees will be due before any Shopfitting will commence.

FRANCHISEE PARTICULARS

Name and Surname

ID Number

Current Physical Address

Address Line 1

Address Line 2

City

State / Province / Region

Postal Code

Country

Age

Cell

Tel

Optional

Current Occupation

Job Title

Detail your Fast Food/QSR/Restaurant Experience

Detail your main Business Experience

Cash on hand available for store rolls outs

Is it your intention to be a full-time operator?

Have you previously owned / operated or currently own any franchise brand (food or non food) (List details)

Is your current residential property under rental or is it owned by you?

How many years have you resided there?

In which areas are you interested in opening a Pedros Store? List 3 areas below

Any other comments

Please give us a few reasons or points why you believe you are the right person to partner with to open and operate a Pedros Franchise? And why you believe you will be successful in running a Pedros (1 Pager below is required)

Is it your intention to run the business yourself or employ a manager?

When are you able to commence the Franchisee Training of 6 weeks for Full Time Franchisees, or 3 weeks if you plan to bring on board a Full Time Partner?

CLICK TO DOWNLOAD STATEMENT OF ASSETS AND LIABILITIES

Upload completed Statement of Assets and Liabilities form (link above)

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BUSINESS REFERENCES (Should correspond to your CV history):

1. Company name

Designation

Relationship:

Tel

Years known

Contact person

Address

Address Line 1

Address Line 2

City

State / Province / Region

Postal Code

Country

2. Company name

Designation

Relationship:

Tel

Years known

Contact person

Address

Address Line 1

Address Line 2

City

State / Province / Region

Postal Code

Country

CHARACTER REFERENCES

1. Name and Surname

1. Contact Number

1. Relationship

1. Email

2. Name and Surname

2. Contact Number

2. Relationship

2. Email

This consent is required in terms of the Code of Banking Practice

I hereby irrevocably:

Authorize the financial institution selected by Pedros to contact any of the referees (including but not limited to banks or auditors), mentioned in this application form and to obtain any additional information which the financial institution, in it sole discretion, may deem necessary;

Authorize the financial institution to cross refer any documents or information regarding my personal, business or financial affairs to one another, in as far as it may be necessary for either ofthem to comply with their agreement.

I hereby declare that the information provided in this application form is to the best of myknowledge true, correct and accurate in all material respects.

I acknowledge that failure to disclose any information that are relevant to this application, or the furnishing/provision of an untrue, incorrect or inaccurate information will render this application or any agreement or subsequent agreement entered into between the franchisor and myself (eitherpersonally or on behalf of any company) or myself and the financial institution, null and void.

I herewith declare that the amount as stated in the application as own contribution has not been borrowed from any source where it is repayable in the future or where it may cause any financial liability to the business.

I further acknowledge that this application does not constitute any form of agreement or contract whatsoever between the franchisor, the financial institution and myself, and is no way binding on either party. However, if any finance is granted to me as a result of this application, the information contained herein will work throughout the duration thereof and form the basis for such financing.

I acknowledge that if finance is approved by the financial institution in addition to this application form, I will be required to complete and sign documentation to be used by the financial institution, and to pay the costs involved where applicable, which I agree to do on request.

I authorize the financial institution to disclose full particulars regarding the approval of my application to Pedros.

I accept that all information provided in this application is correct, factual and a true reflection of my state of affairs. I accept that information that is provided here will be used to determine my suitability for a Pedros Franchise and should information provided be found inaccurate, then Pedros reserves its right to institute legal action against me and claim any losses it has suffered as a result of inaccurate information provided by me

DOCUMENT CHECKLIST

Please submit the following supporting documentation with the completed Franchise Application:

Click to download Non-Disclosure Agreement / Confidentiality Agreement

Non-Disclosure agreement / Confidentiality Agreement (Download link above)

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Click to download MIE Credit Check Consent Form

MIE Credit Check Consent Form (Download link above)

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Identity Document

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Resume / Curriculum Vitae (CV) for applicants and shareholders

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Proof of unencumbered funds (Minimum R2 000 000,00) in the form of a stamped bank statement not older than 3 months.

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3 months' Bank Statement *

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Payment Confirmation (POP) for the application fee, details below

NEDBANK
Account Name: TWENTY THREE STAR(PTY)LTD
Account Number: 1185785833
Branch Code: 198756
Reference Number: Name & Surname
Amount: R2875-00

Payment Confirmation (POP) for the application fee, details below

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