Country of Origin: Philippines Franchise Fee: P300,000 – 500,000 + VAT Initial Capital Investment: P300,000 – 4,000,000 Royalty: 4.25% of net sales (charged monthly)
Full Answer
What is the first Watsons store in the Philippines?
One of the country Watsons set their stores in was the Philippines. In 2002 A.S Watson Group partnered with SM Prime Holdings Inc. which was the first stepping stone on Watsons first store in the Philippines, which was at SM Megamall and The Podium (Ortigas).
How much does it cost to open a 7-Eleven franchise in the Philippines?
According to their website, getting your very own 7-Eleven store means you have to shell out the following: P600,000 for the franchise fee, P170,000 for the initial supplies, P800,000 for the initial merchandise, around P2.03 million for the construction cost, and advance rent and deposit depending on the lease terms.
Can I buy a Watsons franchise?
While Watsons is not available for franchise, looking to their business and understanding what makes them such a succeful brand can also helps aspiring and current franchisees on their journey towards the success of their own businesses.
How much does the generics pharmacy franchise cost in the Philippines?
What Is the The Generics Pharmacy Franchise Cost in the Philippines? The total investment needed for a TGP franchise is around P600,000 to P800,000 per outlet (depending on your preferred size). This price includes the franchise fee and the total support system you will need to successfully run your franchise. What Does the Franchise Fee Cover?
Is Watsons Pharmacy a franchise?
The bulk of Watsons' operating branches in the country is currently located in shopping malls while the rest are stand-alone stores. All outlets are company-owned.
Who owns Watsons Philippines?
Hutchison GroupThe current owners, Hutchison Group, acquired a controlling interest in A.S. Watson & Co., Ltd in 1963. In 1981, it became a wholly owned subsidiary of Hutchison Whampoa Ltd. At this time, the group had 75 retail outlets.
How much will it cost to franchise 7 11?
- 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 does franchise cost?
Franchise startup costs can be as low as $10,000 or as high as $5 million, with the majority falling somewhere between $100,000 and $300,000. The price all depends on the industry, location and type of franchise.
Who is the CEO of Watson?
Renee Watson - Ceo - Watson inc | LinkedIn.
Who is the owner of Mercury Drug?
Mercury Group of Companies IncMercury Drug / Parent organization
How much is 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.
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 is MCDO franchise?
McDonald's franchisee applicants must have a minimum of $500,000 available in liquid assets and pay a $45,000 franchise fee. Those looking to launch a new McDonald's franchise can expect to shell out between $1,314,500 and $2,306,500. Existing franchise prices can cost upwards of $1 million or more.
Is a franchise a good investment?
If you're a fledgling entrepreneur or a seasoned business person wanting to diversify your holdings, you've probably wondered, “Are franchises a good investment?” The simple answer is yes, especially if a great opportunity presents itself. There is an obvious appeal to starting a business via buying a franchise.
What is Starbucks franchise fee?
What are the Financial requirements for a Starbucks licensed store? You need to pay the licensing fee of between $50,000 – $315,000 and you must have over $1,000,000 in liquid assets to be considered for a licensed store by Starbucks.
What does a KFC franchise cost?
For non-traditional KFC outlets, KFC charges an initial license fee of $22,500. For traditional KFC franchise agreements, the franchise (or initial license) fee is $45,000 split into the deposit fee and the option fee.
Where was Watsons founded?
1828Watsons / Founded
Where does Watson come from?
Watson is a patronymic surname of English and Scottish origin. It means "son of Walter": the popular Old English given names "Wat" or "Watt" were diminutive forms of the name "Walter". In 2015, Watson was the 46th most common surname in England and the 19th most common in Scotland.
How many Watsons are there in the Philippines?
To date, Watsons has 170 stores in the Philippines with each store carrying the best brands in health, wellness, and beauty.
Is Watsons a pharmacy?
Since 2009, Watsons has been the No. 1 pharmacy/drugstore brand in Asia*. Watsons is the flagship health and beauty brand of A.S. Watson Group.
What does it take to be a franchisee?
You have what it takes to be a franchisee. You possess the attitude, behavior, and personality needed to succeed as an owner of a franchise business. You understand the risks and requirements of the busiess and are willing to invest time, money, and effort in order to succeed.
How long is franchise training?
Training Program: 2-4 week training program for all new franchisees covering management training, in-store operations, standard operating procedures for beverage preparation, report analysis and measurement of flavors, customer service, and social media marketing
Do franchises get added to the list?
We regularly add franchises to the list. If you want us to research on franchises you’re interested in but are not yet included in the database, like and contact us on our Facebook page to let us know!
How many Yellow Cab Pizza outlets are there in the Philippines?
Accept the fact that although you yourself will manage the business, you still are not the boss 100% of the time. There are over 130 Yellow Cab Pizza outlets all over the Philippines.For more info about franchising Waffle Time, click Chow King is a fast food chain that serves Chinese food in the Philippines. Since its inception in 1985, ChowKing has expanded to over 300 outlets in the Philippines.
What is PFA in franchising?
Franchising Resources. Philippines Franchise Association (PFA) – PFA is the voluntary self-regulating governing body for franchising in the Philippines. It is the largest franchise association in the Philippines. You can get all the cost information of more than 500 franchises in the Philippines.
How many potato corner outlets are there in the Philippines?
There are over 500 Potato Corner outlets in the Philippines and X outlets in countries including Australia, Indonesia, Malaysia, Panama, Philippines and the USA. Country of Origin: Philippines. For more info about franchising Potato Corner, click here (Philippines) and here (international).
How many Serenitea branches are there in the Philippines?
Serenitea is Philippine’s pioneer milk tea localized for the Filipino market. There are over 40 Serenitea branches all over the Philippines.
How many Jollibee stores are there in the Philippines?
Jollibee is the largest fast food chain from the Philippines. There are more than 800 Jollibee outlets in the Philippines and more than 100 stores in USA, Hong Kong, Brunei, Vietnam, Saudi Arabia, Qatar, Kuwait and Singapore.
What is a chow king?
Chow King. Chow King is a fast food chain that serves Chinese food in the Philippines. Since its inception in 1985, ChowKing has expanded to over 300 outlets in the Philippines. ChowKing also has outlets in the US and Dubai.
What is Aquabest water refill?
Aquabest is the leading water refill franchise in the Philippines. It uses a technology known as Grander Tech which destructures and restructures water.
How long does a salon franchise last in the Philippines?
You will not start from scratch by promoting your salon, but enjoy customers come it as it is already popular. Franchise Term: 8 years.
What is a franchise in the Philippines?
In a franchise, the franchisor (original owner) gives the franchisee (the buyer of the franchise) the right to sell the products of the franchisor, the name or brand is included and so are equipment used. They are taught special recipes or how to sell products too.
What is the most popular drink in the Philippines?
Zagu is one of the most popular drinks in the Philippines. Every time there is a sporting event or when people are under the hot sun, a Zagu stall would be perfect. This is also a known brand and people would line just to have a sip!
How long is the Greenwich franchise in the Philippines?
This is a big Italian-Filipino food franchise in the Philippines. Franchise Term: 10 years.
How long is the Bon Appetea franchise?
As Bon Appetea is a known brand, you don’t have to market your product by yourself and wait for customers to come in. Franchise Term: 5 years.
When did McDo open in the Philippines?
McDo is a US fast-food chain that has successfully opened in the Philippines since 1985. Check out the details on franchising at McDo, you can truly say Love Ko To!
Is Goldilocks a franchise?
From their fun birthday cakes to their delicious polvoron, Goldilocks is certainly a successful franchise in the Philippines. You could choose a simple bakeshop or a full store which includes serving food or a menu.
What is franchise fee?
1. Franchise Fee. It’s basically the start-up fee to buy the name of that franchise. It varies a lot from franchise to franchise. And it can feel like a lot, but it’s there to help offset the cost of helping you systemise the business so it runs like all the other franchises.
What is royalty fee?
2. Royalty Fee. A business needs some incentive for you to use their brand name. They take a fraction of the profit your business makes.
Is franchise fee a flat rate?
It’s usually a flat rate and sometimes listed as a separate cost from the franchise fee. However, a lot of people bundle both costs together. But don’t be surprised if anyone breaks from the norm to list it as a separate fee.
Is a license fee the same as a franchise fee?
The license fee is slightly similar to the franchise fee. The only difference is that the license fee is needed so you can buy the products and materials from the franchiser, as well as any technology needed. It’s usually a flat rate and sometimes listed as a separate cost from the franchise fee.
1. Jollibee
If there’s a brand that might almost be synonymous with anything Filipino, it’s Jollibee, the biggest fast-food chain in the Philippines. From its humble beginnings as a mere stall in 1978 to a main driving force in the food industry today, Jollibee has always been true to its roots in offering Pinoy-friendly meals at a very affordable price.
2. Potato Corner
If you’re going to do something, make sure to do it right and focus all your efforts on one thing. For the 400-branch strong Potato Corner, the goal has always been serving the public with amazing French fries fresh from the fryer. Just last March, the franchise recorded a record shattering sales of P1 billion since it started.
3. 7-Eleven
7-Eleven, one of the premier convenience stores in the country, has been lending their renowned brand to entrepreneurs who wish to become a part of their empire since 1998.
4. Petron
Petron, meeting almost half of the country’s petroleum needs, has an interesting take in making potential investors join their family, which players may find similar to the way entrepreneurship has been introduced to them by games like Diner Dash: you can start your gas station with 2-3 pumps and increase them should the demand goes up.
5. The Generics Pharmacy
Health is wealth, and if you want to invest in an avenue that is perennially needed, then go all in on the health industry, particularly the realm of low-cost generic drugs.
The Generics Pharmacy
This is one of the most popular generic pharmacy franchises in the Philipines and this is because Mayor Vilma Santos endorses the franchise. It was not well known before, but it started in 2001, with just one branch in Quezon City.
Gamot Publiko
One of the rising star after the Cheaper Medicines Act was established into law, Gamot Publiko gained traction with its great franchisee support and beautiful yellow logo. As of date, they have around 50 branches nationwide.
Farmacia ni Dok
Another one of the most popular and profitable of the available pharmacy franchises in the Philippines is Farmacia ni Dok. This drug store franchise is being endorsed by Ai-ai De las Alas and is waking waves in the industry ebcause of it.
How successful is franchising in the Philippines?
It has a 90% Success Rate. Franchising has proven to be a successful way to invest your money, with a 90% success rate in the Philippines. Regardless of the economic climate, it can provide franchisees with steady income.
What is a generics pharmacy franchise fee?
The Generics Pharmacy store franchise fee covers the cost of (1) providing you with the pre-opening and start-up assistance that you will need such as site evaluation, architectural and store design, and construction assistance; (2) initial pharmacy retail training for you and all of your staff; (3) regular advertising support, and; (4) business development services. This also includes the rights to use the TGP trademark, name, and logo.
What are the Terms of the Franchising Agreement?
The initial term of the franchise agreement is three (3) years, and an additional two three-year terms for a total of nine years.
How much royalty does Generics Pharmacy charge in 2021?
As of 2021, The Generics Pharmacy has a royalty fee of 1% of the gross sales for continuing support services.
When did generics pharmacy open?
In 2001, The Generics Pharmacy branched out into retail, opening its very first branch. It quickly realized, though, that one was not enough. With the franchising model, The Generics Pharmacy was able to reach Filipinos in every corner of the country. In 2007, it set out with its first 20 franchises within Metro Manila.
How long is a franchise agreement?
The initial term of the franchise agreement is three (3) years, and an additional two three-year terms for a total of nine years.
Can a franchisee run a franchise full time?
Potential franchisees must meet the investment requirements and must be able to run the franchise full-time. Also, keep in mind the following:
Food Franchises
- Jollibee
Jollibee is the largest fast food chain from the Philippines. There are more than 800 Jollibee outlets in the Philippines and more than 100 stores in USA, Hong Kong, Brunei, Vietnam, Saudi Arabia, Qatar, Kuwait and Singapore. * * * - Pancake House
Pancake House serves pancakes with a variety of toppings. There are now over 80 Pancake House outlets in the Philippines. * * *
Service Franchises
- Mr Quickie
Mr Quickie offers shoe repair, shoe expansion and shoe dye services. It has over 170 outlets all over the Philippines. * * * - Serenitea
Serenitea is Philippine’s pioneer milk tea localized for the Filipino market. There are over 40 Serenitea branches all over the Philippines. * * *
Retail Franchises
- The Generics Pharmacy
The Generics Pharmacy is a drug store chain in the Philippines. Started in as early as 1949, it opens its doors to investors and franchising. * * * - Aquabest
Aquabest is the leading water refill franchise in the Philippines. It uses a technology known as Grander Tech which destructures and restructures water. * * *
Cleaning Franchises
- Sud’s
Sud’s is a drycleaning franchise chain in the Philippines. * * * - Quick Clean
Quick Clean is a premier self-serive laundromat chain in the Philippines. * * *
Conclusion
- That’s it – 30 Popular Philippines Franchises you can buy and how much they cost. I hope that has helped give you a better idea of the Philippines franchises available to you. As I have said before, picking the right franchise brand is only the first step. To do well, you need to work hard and manage your business well. Every business, including franchise businesses, is hard work. Only g…