Category: Franchising

Goldilocks Franchise

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Goldilocks Bakeshop is one of most popular bakeshop since it offers a variety of cakes and pastries. It named after the Goldilocks, a character from the fairy tale, “Goldilocks and the Three Bears”. The main products of Goldilocks include breads, sweet and pastries.

Some branches of Goldilocks incorporate a Foodshop which offering a Filipino cuisine such as beef, chicken, pork, seafood and vegetable dishes as well as halo-halo, gulaman, fruit salad and sago.

goldilocks franchises

For those are interested to franchise Goldilocks, here is some of the information.

  • Need to prepare letter of intent addressed to the Franchise Relations Manager, address, location, vicinity map of proposal which include site description, business establishments within 1 km. radius. Also, prepare comprehensive resume of applicant with personal background information credit references, latest ITR, fixed assets and liabilities, proof of billing address, list of membership, organization, 2×2 colored photograph.
  • Download and fill up Goldilocks Franchise application form
  • The estimated investment cost for Goldilocks franchise is range from Php6 to 8 million and for the full store ranges from Php10 to 15 million. Investment cost includes leasehold improvements, delivery vehicle, operating equipment, collateral, project management fee, POS-Point of Sales with Hardware Package, and Refrigerated delivery truck.
  • The franchises will propose a site location with an initial market study of the proposed site together with the foot and vehicular count and demographics then the Business Development Department will assess the site and validate the market study
  • The franchise term is for eight (8) years
  • The required sizes of the store space for the bakeshop is a minimum of 60-80 square meters while for full store is a minimum of 160-200 square meters
  • There is a royalty fee of 4% of total value of bakeshop products for a bakeshop and 8% of total monthly gross sales for foodshop on a monthly basis
  • The advertising fee is 3%of the total sales derived from both bakeshop and foodshop on a monthly basis
  • There is a standard Goldilocks store design, lay out, equipment and facilities requirements for each type of store
  • The Goldilocks team assists the franchise in the recruitment of its personnel in terms of screening and testing free of charge for the initial store team but recruitment cost will be charged for succeeding hires.
  • Store personnel will hired by the franchises and will be responsible for their salaries and benefits
    –    The return of investment is greatly depends on the ability of the franchisee to manage the business to increase sales volume and minimize the operating costs

Shakey’s Franchising Opportunities

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Shakey’s Pizza Parlor is one of the famous pizza parlors here in the Philippines that’s why many entrepreneurs want to franchise. At present, they have 148 stores nationwide and still growing.  They have been 39 years of market dominance since more than hundred restaurants nationwide owned and operated by the company and by different franchisees.

shakeys franchiseShakeys offers a variety type of pizzas such as Philly Cheese Steak Pizza, Belly Buster Pizza, Pizza Bianca, Classic Cheese Pizza, Friday Special Pizza, Hawaiian Delight Pizza, Margherita Pizza, Pepperoni Pizza, Vegetarian Pizza, Grand Slam Pizza and many more.  Also, they serve chicken, pasta, dessert, soup and salad.

See below some of the requirements for franchising Shakey’s Pizza Parlor:

  • To apply for Shakey’s franchising, you need to submit letter of intent. Upon receiving the letter of intent, application form will be provided to the Franchise Applicant after the screening, validation and final review process. The letter of intent should contain the size and the frontage of the space, exact location, pictures of the actual size and other detail.
  • The franchising investment is ranges from Php18M to Php25M depending on the store size, location and other factors.  This investment includes construction of the restaurant, purchase and installation of kitchen equipment, furniture and fixtures, pre-operating expenses and franchise fee.

Mang Inasal Resto Franchise Information

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Mang Inasal is one of the fastest Philippine’s growing barbeque fast food chain which serves chicken, pork barbeque and other Filipino favorites. They also serves Bangus Inihaw, Bangus Sisig, Pork Sisig, Pansit Bihon, Pork Dinuguan with Puto, Bilo-bilo, Creamy Halo-halo. Unlimited Rice has been ever become Mang Inasal’s trademark.

Mang Inasal truly gives customer’s satisfaction by giving a Philippine restaurant experience by serving rice wrapped in banana leaves, barbeque in bamboo sticks and other Filipinos delicacies.
If you are success-driven entrepreneur and have financial capability to franchising and willing to strictly follow the standard operation system of Mang Inasal, then you are qualified to franchise Mang Inasal.

The following are some information for franchising Mang Inasal:

  • Need to write a letter of intent
  • Mang Inasal franchise fee is Php 1.1 Million pluLogo.fh.FH11s 12 VAT.
  • Mang Inasal investment includes tested operation support, brand or trade name usage, marketing and training support.
  • The franchise term for Mang Inasal is 7 years and it is renewable
  • The space requirement is 150 to 200 sq. meters
  • The royalty fee is 5% of gross sales while the advertising fee is 2% of gross sales
  • Other cost for the franchise includes product security deposit of Php400,000 and renovation estimated cost of Php 7 million to Php 9 million

Chowking Franchising Requirement

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Chowking is a Philippine based fast food chain that pioneered the Asian quick service restaurant concept here in the Philippines. This restaurant combines a Western fast food style with Chinese food such as noodles, soup, dim sum and rice toppings, Chowking became one of the favorites Chinese Restaurant.

If you are planning to invest your money to become a franchisee of Chowking, here is some of the information you need to know:

  • The site are required at least having a site with an area of 250 sqm. as well as a letter of intent, location map of the proposed site and a duly chowking franchiseaccomplished application form.
  • The required investment ranges from Php9 to Php13 Million which includes franchise fee of Php1 Million, kitchen facilities, construction and finishes, furniture and fixtures and signage, etc. The investment depends on the
  • The benefits of Franchising Chowking includes established brand name and a proven formula, site selection and construction, operational and management support, comprehensive training support, effective advertising and marketing programs, new products and product development as well as accounting and control system.
  • Chowking assists in the recruitment and training of managers and gives HR management guidelines but not directly hire employees for the franchisee.
  • Chowking does not provide financing but do feasibility study and approve or reject the proposed site
  • The expected Return of Investment (ROI) os 3 to 4 years and the franchise duration is 10 years and it is renewable.

Greenwich Pizza Franchising Opportunity

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Today, Greenwich is one of the most popular pizza and pasta chains here in the Philippines. Aside from their cheap cost, it is also offers a variety of mouth-watering selection such as pizzas, pastas, chicken, rice dishes and desserts.   It is started as an over-the-counter pizza store and with the acquisition by its parent Jollibee Foods Corporation, Greenwich has now rapid expansion.

In order to become franchisee of Greenwich, one must be dynamic, success-driven entrepreneurs with a strong desire to invest in a long term partnership. Ggreenwich franchisereenwich provides business management training so that you will run your franchise successfully so don’t worry if you do not have any franchise or restaurant experience as long as you possess the capability and willingness to learn business tricks.

The franchising cost of Greenwich ranges from 8 to 10 million depending on the store type and size.   The floor area requirement ranges from 130 sqm to 150 sqm. The franchising investment includes franchise fee, construction cost, equipment, facilities, furniture and fixture, air conditioning units, signage, pre-opening expenses and initial inventory. There is also a royalty fees which is ten percent (10%) of gross sales.

The payback period for franchising Greenwich is between three to four years but It also depends on sales, marketing potential, investment and control of expenses.  The franchise agreement is ten (10) years and is renewable. The location of your Greenwich store should be located in high traffic commercial or residential areas accessible to both pedestrians and motorists.

It takes 45 to 60 days to make the store fully operational once a site is ready for construction. Greenwich will assist the franchisee in the architectural planning and construction process through its accredited architects and contractors.
Greenwich assists the franchisee in the recruitment process and training of store management team but the franchisee will be responsible for team’s compensation and benefits. Greenwich operations team will still continue to assist the franchises to ensure alignment to company standards. Also, they will help to maximize sales and profitability.

7-Eleven Franchising

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7-eleven is one of the largest convenience store worldwide.  It is started out as an ice house in Dallas, Texas in 1927 and it has grown into the word’s largest operator, franchisor and licensor of convenience store in the world. It continues to grow, with an average of 7 stores opening somewhere in the world everyday.

A candidate for franchising 7-eleven should possess qualification such as self-driven entrepreneur, service oriented, hardworking, strong entrepreneurial skills, financially capable to fund the investment and knows how to motivate his staff.

The investment for franchising 7-Eleven ranges from Php 1 M to 5 M.   It includes the operational rights of the store, equipment and facilities, furniture and fixtures, air-con system, signage and initial inventory.  The ideal floor area for 7-eleven store is 120 square meters.

seven 11Franchising 7-eleven is very costly but they assure you that you will make income from your investment.  Benefits includes:  They will give full training, offer   s 24 hours support, take care of the payroll, help the bookkeeping, deal with supplier to best products, manage the fuel, and provide advertisement and promotional support. The store manpower salaries and benefits will be provided by the franchisee. Also, the franchisee is required to complete a 4 week full time training program which is combined classroom and in-store training.

The steps for franchising 7-eleven are the following:

  1. Complete the online inquiry form
  2. Complete information request
  3. First interview
  4. Complete self-assessment questionnaire
  5. Store selection
  6. Second interview
  7. Make a business plan
  8. In store assessment
  9. Approval meeting
  10. Commence your training
  11. Store agreement

Mister Donut Franchising

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Mister Donut was started at Boston, USA in 1955. Today, Mister Donut grew to be one of thelargest donut chains in the country and now it already has over 2,000 branches across the Philippines.  They open for franchising to individuals who is business minded and looking for income.

The first step of Mister Donut franchising is to submit a duly signed intent letter addressed to the Franchise Management Department which contains the following information such as Applicant’s interest to be a franchisee of Mister Donut, Applicant’s address, contact numbers and e-mail, proposed location address and vicinity map as well as site pictures.

The franchise fee is Php 50.000.00 on any shop type and it shall entitle for a 2-year contract with Mister Donut. This franchise fee is non-refundable and non-transferable. The total investment for Mister Donut is depending on the type of shop.

The following are Franchising Packages”

A.    Food Camister donut franchisert Shop

  1.  Showcase 01 – Food cart size is 1.35 frontage at 2.16 height and 100mm size portal and icon elements attached to the food cart. It is cost Php89,962.47
  2. Showcase 02 – Food cart size is 1.60 frontage at 2.16 height and 300mm size portal and icon elements attached to the food cart. It is cost Php91,286.00.
  3. Showcase 03 – Full package of new cart design food cart showcase with portal, signage and icon elements .  Full back enclosure with mural and poster board. It cost Php159,671.00
  4. Budget-Friendly Cart. Food cart size is 2.0M x 2.0M height.  It cost Php130,737.36
  5. New Cart with Side Counter.  Food cart size 2.0M x 2.0M.  It cost Php169,771.00

B.    Take Out Shop

This Mister Donut take out shop is used for in-line or outdoor areas.  The floor requirement is 6-9 square meters. Also, it includes showcase, signage, POST, portal with icon, poster stand, poster board, premium item holder, drinks holder, LCD menu board, lifestyle mural, blackbar, storage cabinet, crates cabinet and other design elements and equipment.

C.    Dine-In Shop

The design for Mister Donut Dine-in shop is depends upon the space allotment for the shop. The floor area require is 25-90 square meters. This includes showcases, signage, portal with icon, glass decals, lifestyle mural, LCD menu boards, poster stands, poster boards, premium items holder, chiller or refrigerator, oven or microwave, sandwich counter, crack pot, backbar, POS, tables and chairs, and other design elements and kitchen equipment.

Business Franchising Tips

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Franchising is allowing one party to another party the right to use its trademark or trade name  as well its business system and processes.  Business owner offer their business franchising to expand their business at a fast pace. Franchisee or franchisor is the one who owns the overall rights and trademarks of the company and allows its franchisees to use these rights and trademarks to do business.  The franchisee charge a franchisee fee for the rights to do business under the franchise name.  Also, the franchisor collects an ongoing franchise royalty fee from the franchisee.
Business franchising is considers one of the safest and risk free ways to start a business but it cost a lot of money.  These amounts of money are worth it if you choose a right business franchise according to your interest.

The following are some tips before franchising a particular business

  • Research the best franchise.  It is important to do a research because there are thousand of different business franchises.  Ask existing franchisees and customer to gather information and seek advice from friends, relatives and colleagues to determine the reputation of the business you want to franchise. Also, research for the local market to know the demands of the products or services you would like to offer.
  • Choose a franchise that you will enjoy.  Most business is successful because the owner of the business is very passionate.  If you are interested in your product or services, you will learn rapidly.  Being an expert to your business is important to running to any business.
  • Make sure that your franchise has a good profit model.  If there is a good profit model, it is easy to start up, run and maintain a successful business.  Business with reputation and strong brand names usually have a stronger profit model since customer pays higher price to receive best and trusted product or services.
  • Look for Integrity.  It is important that the business you want to franchise has integrity. It means that if your business is with high integrity, your reputation will grow and shines.
  • Make sure to understand contract clearly before signing it.

 

Steps on Franchising Dunkin Donut

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One of my friends suggested me to franchise Dunkin Donut that’s why I want to share my gathered information on how to franchise Dunkin Donut.

The following are steps on Dunkin Donut Franchising:

1.    Application

Of course, you have to secure an application from Dunkin Donut.   After reviewing your application, the Dunkin’s Donuts franchise team will contact you.  Then a Franchise Disclosure and Qualification Package will received and reviewed. This will provides prospective franchisees with information about the franchisor as well as the franchise system and the agreements required. Also, you have to provide proof of citizenship or Permanent Resident/Alien Registration care, proof of assets and they will check also credit and initial financial review.
2.    Business Plan

After initial screening, you will be met by their Franchise Manager.  They will conduct due diligence and talk with the existing franchisees.  Then, select a territory and make a business plan.

3.    Financial Reviewdunkin donut

After background check, the business plan will be presented to Franchise Manager and submit legal entity documentation.  Also, conduct a financial review based on business plan then receive a franchise approval.

4.    Approval

Sign Store Development Agreement (SDA) and if approved, they will begin franchise training and select and submit site for approval then secure financing.

5.    Grand Opening

After the franchise approval, they will finalize the lease or purchase and you will have to sign the Franchise Agreement then start the construction and crew training.  Then, the store opening.

McDonald Franchising Requirements

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Many businessmen and entrepreneurs want to franchise a business that is established already.  There are many franchises available and all you have to do is choose the right for you.  McDonald is one of the prestigious companies who offer franchising.

The following are the requirements for franchising McDonald’s Restaurant

•    Financial Requirement

  1. Initial down payment of 40% of the total cost for a new restaurant and 25% of the total cost for an existing restaurant. This down payment should come from non-borrowed personal resources such as cash on hand, securities, bonds, business or real estate equity and debentures. The minimum amount for a down payment will differ depending from restaurant to restaurant but generally, they require a minimum of $750,000 of non-borrowed personal resources to consider you for a franchise.
  2. McDonald also required the buyer to pay a minimum of 25% cash as down payment toward the purchase of a restaurant while the remaining balance of the purchase price can be financed for a mcdoperiod of no more than 7 years.
  3. There is an on going fee to pay during the term of franchise such as the service fee and rent. The service fee is a monthly fee based upon the restaurant’s sales performance while rent is a monthly base rent or percentage rent that is a percentage of monthly sales.

•    Other Requirements

  1. Business Experience. A person who have established successful ownership or management of multiple business units.
  2. Business Plan. Develop a business plan
  3. Manage finances well. With thorough understanding of the business financial statements.
  4. Training. Should complete a comprehensive world class training program in all aspects of operating McDonald’s restaurant business.
  5. Management Skill.  Should personally manage the day to day operations of the restaurant business.
  6. Credit History. With good credit history