Full Answer
How much does a Potato Corner franchise cost?
Potato Corner Franchise Package is P350,000, for the standard cart, a pop-up, stand-alone cart that you are most likely to see of a Potato Corner. However it can range from P200,000 to P1,200,000, depending on the requirement of the lessor. The price will be dependent on the store type that you select. 3.
How much is Potato Corner package in the Philippines?
The standard package of Potato Corner is worth Php 350,000. This package is perfect for clinics, workplaces, shopping centers, bazaars, shops and other popularized areas like terminals and so forth. Standard Cart Measurements: Height : 2.10 meters X Length : 1.90 meters X Width : .80 meters
Are fries a good business to start in the Philippines?
Whether you agree or disagree, what is an undeniable fact is that fries are currently a hot business in the Philippines. If you’re interested to franchise Potato Corner, here’s a quick guide on how to begin your franchising journey.
Where can you buy potatoes in the Philippines?
Potato Corner opened its first outlet in the Philippines in October 1992 and began franchising the year after. Today, it has grown from small carts into in-line stores found in almost every corner of the world – in malls, schools, hospitals, bus stations, amusement parks, and even tourist destinations in multiple countries.
How much does it cost to open a Potato Corner in the Philippines?
PHP 150,000 – Franchise Fee for 5 Years. PHP 260,000 – Cart, Wares, Equipment. PHP 5,000 – Initial Supplies.
How much does it cost to start a Potato Corner?
How much does the Potato Corner franchise cost? Potato Corner has a franchise fee of up to $35,000, with a total initial investment range of $186,500 to $596,000.
How much does a Potato Corner franchise earn?
Based on Potato Corner's projections, if your sales amount to P5,500 a day, which totals to gross sales of P165,000 in 30 days, you can earn at least P32,576** net every month after you subtract your food, electricity, rent, labor costs, and other expenses.
How many franchise does Potato Corner in Philippines?
With more than 200 outlets nationwide (70% of which are franchise-operated), Potato Corner is definitely here to stay, as markets predict that the business will steadily grow. One indicator is that the business managed to expand abroad. -for malls, shopping centers, commercial spaces, bus terminal, supermarkets, etc.
How much is a Petron franchise?
To start your Petron franchise, you need to have your own lot to build your gas station on, as well as a total investment cost of P1 million to P2. 5 million, exclusive of a cash bond of P100,000. Once you're done, expect your fortune to trickle like black gold.
What are the best franchise in the Philippines?
Some of the best franchises in the Philippines include Jollibee, McDonald's, Phoenix Petroleum, TGP, 7-11, and Bayad Center. These businesses offer high-quality products and services (some with affordable prices), making them popular with consumers.
How much is a Jollibee franchise in the Philippines?
around Php 35 million to Php 55 millionWe provide estimated franchise costs for some countries: - In Philippines, the total investment to start the Jollibee Restaurant is around Php 35 million to Php 55 million.
How much is Inasal franchise?
INVESTMENT DETAILSItemsDetailsRoyalty Fee5%Advertising Fee3%System Enrollment FeePhp 1,200,000.00Estimated Capital InvestmentPhp 15 to 22 Million2 more rows
How much will it cost to franchise Jollibee?
Jollibee franchise ranges from Php 25-35 Million. Details of investment cost, return of investments and other franchising details will be discussed with you once your application has been approved.
Who owns Potato Corner in the Philippines?
Potato CornerProduct typeFrench fries outlet chainOwnerShakey's Pizza Asia Ventures Inc. (SPAVI)CountryPhilippinesIntroduced1992MarketsSoutheast Asia, Middle East, East Asia, Australia, North America1 more row
How much is a 7 11 franchise?
- Initial Store Supplies (Php 170,000.00), Initial Merchandise (Php 800,000.00), Construction Cost (approximately 2.03 Million Pesos), Advance Rent and Deposit (Depending on the lease terms) are settled before opening the store - Total Cash Outlay will range from 3.5 Million Pesos to 5 Million Pesos.
How much is the franchise of angels burger?
While some would provide franchise information from business operations and support, management training services to marketing and promotion of the product, there is an actual fee / cost of opening up a franchise which range from Php 535,000 + Php 30,000 to probably 1M investment capital per store or outlet.
Is Potato Corner a franchise?
Having been in the business for 25 years, Potato Corner is a trailblazer in the franchise industry, consistently winning awards to recognize its simple yet effective business model.
Who is the owner of Potato Corner?
Potato Corner is a global Philippine food franchise known for its flavored French fries....Potato Corner.Product typeFrench fries outlet chainOwnerShakey's Pizza Asia Ventures Inc. (SPAVI)CountryPhilippinesIntroduced1992MarketsSoutheast Asia, Middle East, East Asia, Australia, North America1 more row
How much is a 7 11 franchise?
- Initial Store Supplies (Php 170,000.00), Initial Merchandise (Php 800,000.00), Construction Cost (approximately 2.03 Million Pesos), Advance Rent and Deposit (Depending on the lease terms) are settled before opening the store - Total Cash Outlay will range from 3.5 Million Pesos to 5 Million Pesos.
How much is Inasal franchise?
INVESTMENT DETAILSItemsDetailsRoyalty Fee5%Advertising Fee3%System Enrollment FeePhp 1,200,000.00Estimated Capital InvestmentPhp 15 to 22 Million2 more rows
What is the best flavored fries?
Potato Corner, dubbed as the World’s Best Flavored Fries, has been a leading brand in the food industry for 25 years.
Is Potato Corner a franchise?
It has received the Franchise Excellence Hall of Fame Award by the Philippine Franchise Association and Department of Trade and Industry in 2003, won Best Franchise of the Year on three consecutive years, and most recently, bagged the Global Franchise Award recognized by the same institution. Potato Corner is truly an iconic brand for kids ...
Is the franchise industry booming?
The franchise industry is booming, and entrepreneurs are wondering about how this sector works. This ebook aims to help aspiring franchisees achieve their business goals.
When did Potato Corner start?
Inspired by the idea of flavored popcorn which was a trend in the early ‘90s, Cinco Corporation, the company behind Potato Corner led by its founder Joe Magsaysay, launched the first Potato Corner food cart in 1992. A year later, it started franchising and managed to open 74 outlets in just one year.
How many outlets are there in a potato corner?
For international franchises, Potato Corner requires franchisees to start with a 3-store package. This means a minimum of three (3) Potato Corner outlets must be opened upon approval of application. After running the stores, the franchisee may decide to apply for exclusivity rights for ...
What is the best flavored fries in the Philippines?
When it comes to french fries, there’s one dubbed as the “Best Flavored Fries” in the country — and that is Potato Corner. Whether you agree or disagree, what is an undeniable fact is that fries are currently a hot business in the Philippines.
What is a CV for potato corner?
Curriculum Vitae (CV), Copy of Government-issued ID, and Copy of Passport of the Head of Company and Proposed Manager of the Potato Corner franchise
What is the average size of a Potato Corner location?
Prior to opening, you will be required to attend a two-week intensive training at our corporate store locations in Los Angeles where you will learn full FOH and BOH procedures. Additionally, once you are set for your Grand Opening, we will come train you and your General Manager onsite.
Where did Potato Corner originate?
. Potato Corner originated in The Philippines in 1992 as a cart business.
What franchising opportunities do you offer?
Our franchise system is based on a multi-unit operator model. We do look for any franchisee joining Potato Corner to commit to opening multiple locations. The total number of locations required will be determined, at our sole discretion. It will be based off the geographic territory you are interested in and the number of locations that area could support. Single location opportunities are also available and will be evaluated on a case by case basis.
What is the typical investment cost for each location?
While costs are variable based on numerous circumstances, the typical cost for each location is about $225,000
What are the ongoing fees?
Royalty Fee: 6% of gross sales, monthly Marketing Fee: 1-2% of gross sales, monthly
Do I need previous restaurant experience?
While we do prefer that candidates have prior experience, it is not a requirement. What we do require are franchisees who will be hands on in developing their business, as well as active in the daily operations of their locations. We want franchisees who are motivated to grow Potato Corner’s presence in their geographic area. You must also be willing to follow our proven system of standards and guidelines, as well as exemplify and promote the highest levels of customer service.
When did Potato Corner start selling fries?
They are priced based on taste and size (regular, large, jumbo, mega, giga). After it launched its first outlet in 1992 , Potato Corner’s success in the enhanced french fries business became evident when it started its franchising business only one year later.
Where to set up a potato corner?
Generally, high foot traffic and pedestrian activity areas are best for setting up the Potato Corner shop, along with other similar businesses. These may include shopping malls, transport terminals, schools, or amusement parks. 4.
How many branches does the Philippines have?
They have over 800 branches not only in the Philippines but also in the United States, Australia, Hong Kong, Singapore, Indonesia, Malaysia, and Thailand. Priced between P35 and P150 in the Philippines, potato products — mostly fries — are well within the Filipino buyer’s price point consideration.
When did the Philippine Franchise Association award the franchise excellence award?
Its success has been recognized as being the recipient of Franchise Excellence Hall of Fame Award by Philippine Franchise Association and the Department of Trade and Industry in 2003 for being the Best Franchise for three consecutive years.
Can you walk in to Potato Corner?
Walk-ins are welcome but it is highly recommended to send an email or give a call to request for appointment. This ensures that someone from Potato Corner office will be available during the pre-arranged meeting.
Can you franchise a potato corner in the Philippines?
Anyone who is a resident of the Philippines or any of our locations can franchise a Potato Corner store (United States, Australia, Hong Kong, Singapore, Indonesia, Malaysia, or Thailand), booth, or kiosk. This holds as long as all necessary documents are submitted and all the required fees paid for. 2.
Does Potato Corner have a franchise?
Potato Corner does not provide locations for franchisees to set up their store, booth, or food kiosk so that the first consideration would be the desired shop location. The second item a franchisee must consider is the investment capital. Potato Corner Franchise Package is P350,000, for the standard cart, a pop-up, ...
How many Potato Corner stores are there?
Did you know that Potato Corner has over 1,000 stores all over the world? There are stores located in USA, Thailand, Canada, Panama, Indonesia, and more. The key to having a successful franchised business is to find the best location to establish it. Preferred locations would be those areas that are convenient and accessible, have high foot traffic, and are near business centers.
What is potato corner?
Potato Corner, which is at the forefront of the franchising industry, recently launched a campaign with two objectives: to make their brand more accessible to aspiring entrepreneurs, and to help entrepreneurs cope with the impact of the pandemic.
When Can I Get My Return of Investment and How Much Can I Earn with Potato Corner?
Keeping in mind the end goal which is to recapture the franchisee’s consumptions, for example, the rental, cost of stock, work and utilities cost then you need to have an income worth Php 3,500 day by day. A percentage of the current franchisees are procuring more than this, for sure you would too. The area is truly a fundamental component so you better pick your proposed location well.
How Much is the Franchise Package?
Incorporations of the franchise package are food cart or booth, establishment charge, products and supplies, introductory supplies and preparation for franchisee and his or her team.
