Red Ribbon Bakeshop is one of the most popular bakeshop here in the Philippines because of its cakes which have been a tradition in every celebration such as birthdays, christenings, anniversaries, and wedding. They offer cakes and pastries. Red Ribbon is a part of the Jollibee Foods Corporation.
The following are some information for franchising Red Ribbon Bakeshop:
- The applicant need to submit a letter of intent which includes the exact address of the proposed site, vicinity map of the proposed site, applicant’s resume or Accomplished Red Ribbon Application Forms with 2×2 color recent photo of applicant.
- The cost of franchising Red Ribbon is ranges from minimum Php 1.9M to Php 4.9M which includes franchise fee, equipment, fixtures and furniture, leasehold improvement, pre-opening and initial inventory expenses as well as training and hiring of store team.
- The franchise term is good for five (5 years)
- The loyalty fee is at 7% while the advertising fee is 3% of monthly gross sale
- It is require to pay a franchise fee upon the receipt of the Award Notice
- They provides a two (2) months training for franchisee’s store team such as classroom sessions and on the job training and application to strengthen the learning process.
- The Return of Investment (ROI) is depends on many factors including market potential, sales, investment and the ability of the franchisee to control the operating expenses