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. Greenwich 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.