Sector: Consumer Services
The company is not available at Interactive Brokers
Spur Corporation (JSE:SUR) is predominantly a franchisor, leveraging its intellectual property, experience, skills and support infrastructure to manage franchised restaurant operations. The Group does not own and manage its restaurants in South Africa, the rest of Africa, the Middle East, Mauritius and Australasia. These are run by independent, entrepreneurial franchisees that pay the Group a franchise fee based on the turnover of each restaurant.
The Group aims to strengthen its presence in the various countries it operates through the development of improved logistics, pricing and raw material efficiencies as well as capitalise on economies of scale.
Franchise Management (South Africa)
The Group does not get involved in the day-to-day operations of the outlets, but maintains a high level of supervision across all restaurants. Experienced brand-specific operations teams provide ongoing support to franchisees in the following ways:
The operations management teams visit each restaurant at least once a month to perform inspections and assess the operations against predetermined standards. This covers everything, from food safety to regulatory compliance.
The development team manages the new franchisee process, from franchisee and site selection to store opening. They are also responsible for store relocations and refurbishments.
International Operations
Franchise management functions for Australasia are performed by dedicated regional franchise executives in Australia and New Zealand. In Australia, the Group operates franchised restaurants and limited retail outlets.
Franchise management functions for international territories (other than Australasia) are performed by the international head office.
The Group's Brands
Spur Corporation’s eight brands include Spur Steak Ranches, Spur Grill & Go, Panarottis Pizza Pasta, John Dory’s Fish Grill Sushi, RocoMamas, The Hussar Grill, Casa Bella and Nikos Coalgrill Greek.
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South African franchise restaurant chain Spur Corporation said on Thursday it will further defer payment of its 2020 interim dividend in order to preserve cash during the COVID-19 pandemic.
2020-09-03
South African franchise restaurant chain Spur Corporation said on Thursday it expected full-year earnings to fall by at least 40% because all of its operations in the country were shut during coronavirus-related lockdowns.
2020-07-23
Spur Corporation`s Chief Executive Officer Pierre van Tonder will retire from the group at the end of December after 24 years at the helm, the South African restaurant franchisor said on Monday.
2020-07-20Grand Parade Investments (GPI) Ltd , which holds the Burger King franchise in South Africa, said on Wednesday it was in talks to sell a stake in the business, without giving a reason.
2019-12-04
South Africa`s Grand Parade Investments (GPI) Ltd has appointed acting chief executive officer Mohsin Tajbhai as the new head with effect from July 1, it said on Thursday.
2019-06-27
