Information Pack

Thank you for your interest in the Yankys family.(CLICK HERE TO DOWNLOAD INFORMATION PACK AS A PDF) BACKGROUND BACKGROUND Stars and stripes, burgers and fries, is an American concept, a South African dream, and Yankys Burgers opened its first shop in Gauteng in 1982. Delicious food, large portions, personal service and affordable prices are synonymous with Yankys and have been the success behind the concept. "OUR CUSTOMER IS KING" is the Yankys motto and all staff members are trained to regard the customer as "KING", for without customers there would be no Yankys. Friendliness, personal service and spending an extra minute to advise the customers on the extensive menu must be adhered to by all staff dealing with customers. TARGET MARKET TARGET MARKET Yankys caters for the South African family who wants good food at affordable prices. Never before has there been such a need to provide affordability as today and on this basis Yankys has positioned itself throughout the market, prioritizing the need to provide the customer with value for money. "Our burgers are a meal, not a snack" is one of the "Yankys Commandments" found in all Yankys shops countrywide. Yankys has adapted to changing demographics and turbulent financial conditions in South Africa and remains a buoyant business, with stores nationwide and a legacy that started in 1982, Yankys has proven its success as a leader in its segment of the market. OUR COMPETITIVE EDGE OUR COMPETITIVE EDGE We strive to provide a large variety of food for the whole family at very low prices. We can boast that our burgers are the largest around, with the Monster burger weighing in at over 1KG. We are not afraid to take on the big names in the takeaway industry as our food and prices are the best around. EXPECTED COSTS AND STORE SETUP EXPECTED COSTS AND STORE SETUP An initial once off fee is payable upfront by all prospective Yankys business owners. This includes training, but excludes meals, transport and accommodation for all staff and owners. A monthly fee is payable once the new business starts operating. This fee is for the rights of the use of the brand as well as affording access to the intellectual property. Typical setup costs for a Yankys store is in the order of R500,000-00 (excl. vat). This excludes stock and working capital. This applies typically to a store between 80 - 120m2. Estimated time for construction of such a store is between 6 and 8 weeks. Yankys will be overseeing all project operations. SITE REQUIREMENTS SITE REQUIREMENTS The Yankys director and his team are constantly scouting sites for new stores. However, it is advisable that the new prospective business owners already have a site(s) located. It must be noted however that Yankys director, or one of his appointed staff, approve all proposed sites before any further work can proceed. The location of your site is the most important aspect of the success of your business. Yankys requires a site ideally between 80 - 120m2. AGREEMENT AGREEMENT This is the most important document in an organization. It is a legal document that must be signed by both parties before any work can commence. Therefore all new prospective business owners are advised to get legal advice before signing this document. This agreement is valid for a period of 3 (three) years and, pending satisfactory fulfillment of the agreement by both parties throughout the first tenure of the agreement, can be renewed. TRADEMARKS TRADEMARKS The new business owner has the rights to use all Yankys trademarks in all aspects as per the franchise agreement, but these trademarks remain the property of Yankys and must not be misused. At Yankys we try and foster a personal relationship with each business owner based on trust and mutual benefit. And that is why we have a flat rate for our fees. Typical setup costs for a Yankys store is in the order of R500,000-00 (excl. vat). This excludes stock and working capital. This applies typically to a store between 80 - 120m2. Estimated time for construction of such a store is between 6 and 8 weeks. Yankys will be overseeing all project operations. The monthly fees are payable at the beginning of every month via debit order. FINANCIAL REWARDS FINANCIAL REWARDS On average, a typical Yankys shop operates on a food cost of approximately 45%, and a nett profit of approximately 20%. These figures may vary somewhat according to factors such as operational control, staff costs, rental, etc. Finance is not arranged by Yankys, nor does Yankys undertake to stand guarantor or surety for any prospective business owners. Finance requirements remain the sole responsibility of the business owner. ADVERTISING ADVERTISING Yankys does not provide for nor charges for any advertising. Advertising is left up to the business owner, as each store has a unique clientele with unique marketing requirements. Advertising initiatives are encouraged, and have in the past taken on the form of flyers, newspaper advertisements and community sponsorship. The director and his team, do however provide the stores with various banners and other promotional materials that the business owners are compelled to buy and display as per requirements. OPERATIONAL ASPECTS OPERATIONAL ASPECTS Yankys prefer the shops to be "owner operated rather than manager run". YANKYS IDEAL BUSINESS OWNER YANKYS IDEAL BUSINESS OWNER At Yankys, we are looking for business owners with the following attributes to join our FAMILY. - BE A "MIND YOUR OWN BUSINESS" PERSON -WILLING TO WORK A SIX DAY WEEK -HAVE EXCEPTIONAL PEOPLE SKILLS -BE WILLING TO LEARN AND ADOPT PROVEN WAYS -BE WILLING AND ABLE TO ADHERE TO THE YANKYS OPERATIONAL STANDARDS -HAVE THE BRAND'S BEST INTEREST AT HEART IN ALL ASPECTS OF OPERATIONS -MAINTAIN AT ALL TIMES A STANDARD THAT IS EXPECTED FROM YANKYS STORE OWNERS THAT THEREBY PROVIDING TO CUSTOMERS THE HIGHEST LEVEL OF SERVICE AT ALL TIMES (CLICK HERE TO DOWNLOAD INFORMATION PACK AS A PDF) For any enquiries and further information, please feel free to contact us at any time during office hours. View the Contact Us page and you will find all the necessary contact information you may require. Thank you.