I’ve recently communicated with a business development executive from Just Acia situated at Dhoby Ghaut MRT Exchange to find out more about its franchise opportunities. If you’re looking at franchises in Singapore, the following details from Just Acia will offer you a good insight into fees and investment cost involved.
Just Acia Franchise Opportunities
Just Acia is a concept dealing with Asian food and their aim is to serve quality food at affordable prices. Its franchise concept is of a scalable, duplicable and chef-independent operation.
Their franchise fees vary depending upon if you wish to work in Singapore or Overseas. If you are opening in Singapore’s local market, it will cost S$40,000 and for international market overseas, it will cost S$50,000.
There is a 10% deposit fee and a royalty fee of S$5,000 per month or 5% of monthly revenue (whichever is higher). After they have evaluated the correct potential franchisee, they will grant franchise rights for a 6-year period for a Unit franchise model. These rights are renewable after the end of this 6-year period.
Capital Investment Cost
The capital investment cost will range from approximately S$400,000 to S$450,000 for each outlet, but the cost largely depends on location and size (this is just an indication).
The computation for area and master franchise fees will be undertaken on a case by case basis.
For more information, you can contact Jiamin at email@example.com or visit Just Acia.