| The Disclosure Document |
| Potential Africa Adventure franchisees
are provided with a comprehensive disclosure document detailing the franchise
agreement, operating manual and other basic information. |
| Every potential franchisee is thoroughly
screened in the interests of both the Africa Adventure brand and the individual
concerned. Franchisees need to display entrepreneurial and selling skills,
the ability to follow procedure, good personnel management skills, the
ability to work in a structured environment and the capacity to handle
pressure. |
| The disclosure document includes
inter alia the following sections: |
FRANCHISE AGREEMENT
The franchise agreement follows
a standard form which creates uniformity of operation throughout the general
body of franchisees. There are detailed provisions governing method of
operation, training, layout, etc. The success of the franchise and
the franchisee is interdependent and control mechanisms are built in to
provide for this. The franchisor's interests dictate that financial controls
and restraints of trade be included. The use of the franchisor's trademarks
are stipulated and procedures for dealing with infringements by other parties
are outlined. Breaches of the agreement may result in monetary penalties.
A proposed sale of the business is governed by detailed provisions. Where
the franchisee is a legal entity, controlling members must underwrite the
obligations of the entity. |
FRANCHISOR SUPPORT
The franchisor provides support
in the following areas:
Training - induction and follow-up;
Operations Manual; Operations Support; Administration - e.g.. sales reports,
hardware and software training; Accounts - franchisees can draw on the
expertise of the central financial department; Human Resources; Marketing
- national and international; |
FINANCIAL INFORMATION
This section of the disclosure document
provides details of costs. These include the initial franchise fee, establishment
costs and ongoing franchise fees. |
| Thus this disclosure document contains
all the information needed for a detailed investigation of the potential
of a Africa Adventure franchise business opportunity. |
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