How Much Does It Cost To Start A Clothing Brand In South Africa
According to Statistics South Africa StatsSA retail sales for the Clothing Textile Footwear and Leather CTFL market are estimated at over R170 billion per year. Demand for clothes apparel is.
And Then file a South African trademark to protect your brand name logo at a cost of R3750 plus vat.
How much does it cost to start a clothing brand in south africa. Are you thinking about starting a clothing brand. How To Start A Profitable Clothing Brand 2021. Are you already running a business in a different field and want to expand into clothing.
Are you already running an apparel brand but want to revisit the steps involved. When starting your own business you dont need millions to make millions. The Big Blue retail chain started as a flea market stall while billion rand sport supplement business USN was launched from a kitchenWhat you do need is a clear picture of the costs of doing business so you dont experience cash flow problems later on.
If you are about to launch a new clothing brand in South Africa. The monthly running cost will range from R100 to R600 per month. It might seem easier said than done when you consider the start-up costs of a.
We help you work out your start-up budget to help keep you on. The best option is to register it as a private company the cost of registering a clothing brand in South Africa is R175. While a midrange clothing line can cost around 1 million up to 2 million.
That also goes for registering any business. The Fish Chip Co estimates that the average setup cost for a franchise is R699000 including VAT. There is huge demand for clothing outfits in South Africa.
So to total all the expense the cost to start a clothing line depends on the size of the business you want to open. Trademark your logo you will also need to trademark your logo the cost for doing this is around R3 000 to R4 000. From food to electronics clothes kitchen accessories home décor items toys and more.
You should expect an estimate of around 500 thousand up to 1 million to launch a small range clothing line. You can build a basic Shopify site for as little as 29 per month and its youre good at the design side of things you can make it look pretty epic with very little effort. Theres a market for stuff and if you have a product that is uniquely generic or convenient all you need is to start-up your retail store.
First check whether you are allowed to use your brand name logo at a cost of R2500 plus vat. Franchisees are also expected to pay an initial joining fee of R140000 however this is. Debonairs from R900500 According to Debonairs latest franchising.
Clothing is a 3 trillion dollars industry and over one. Go to the CIPC website and register It there. In addition to an average set up cost of R699000 you can expect to pay an initial joining and set up fee of R140000.
Remember that your website will need to reflect your brand which means conforming strictly to your brand guidelines strictly. The initial cost of setting up your own online store in South Africa can range from R100 for a basic Woocommerce online shop through to R2000 for an eCommerce store with premium themes and plugins.
