| Items | Details |
|---|---|
| Royalty Fee | 5% |
| Advertising Fee | 3% |
| System Enrollment Fee | Php 1,200,000.00 |
| Estimated Capital Investment | Php 15 to 22 Million |
How much is the starting capital of Mang Inasal?
At age 20, he started a laundry business and a photo-developing center. In the year 2003, he came up with an idea of opening a chicken barbecue fast-food restaurant. His father didn't agree at first, but after persuading him he eventually let Sia borrow Php2. 4 million as a capital.
How long is Mang Inasal franchise?
The company started franchising in 2005. By 2008, Mang Inasal had opened 23 restaurants, with ten being franchised. In 2009, Mang Inasal expanded to over a hundred branches. In October 2010, 70% of Mang Inasal was acquired by Jollibee Foods Corporation (JFC), for ₱3 billion ($68.8 million).
How much to franchise a Jollibee in the Philippines?
We 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. - In the United States, the total investment to start the Jollibee Restaurant is around $450,000 to $800,000.
How much is the franchising fee of Jollibee?
Jollibee has served its unforgettable dishes throughout the years, and is continuously evolving and growing. Total initial capital investment: Not much information is given, but those considering to franchise should prepare P25 million to P35 million in Philippine outlets.
How can I get Mang Inasal franchise in the Philippines?
FRANCHISE APPLICATION PROCESSComplete the following initial requirements: a. Signed Letter of Intent (LOI) - Download LOI Template here. b. ... Submit these documents through any of the following: a. Mail. ... For more information, you may contact: Mang Inasal Franchising. Mobile Number: +63 998-495-5643.
How much is Inasal franchise?
Franchise Information Mang Inasal offers full store franchise units. The total investment requirement is P10M depending on the store type and size. The floor size must range from 200 sqm to 220 sqm.
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.
How much does a 711 franchise cost?
Php 600,000.00What is my initial investment? - Franchise Fee amounting to Php 600,000.00 to be paid upon approval of the application.
How much is KFC franchise Philippines?
Franchise investment cost starts at P19 Million. Final cost will be based on asset type, location, and store area.
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.
How much is Chowking franchise in the Philippines?
Chowking Franchise Details: Marketing Fee: 4 % Franchise Fee: PHP 1,000,000. Investment Capital: PHP 14m - 15m.
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.
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 is franchise of Starbucks in Philippines?
Their franchising fee is at a very low P300,000, compared to the millions of pesos you will have to shell out for a Starbucks licensed store. If all those are not enough, the best thing that Star Frappe will offer is, of course, their low franchising cost.
How much is Chowking franchise in the Philippines?
Chowking Franchise Details: Marketing Fee: 4 % Franchise Fee: PHP 1,000,000. Investment Capital: PHP 14m - 15m.
Why was Mang Inasal sold to Jollibee?
JFC acquired the 70 percent stake of barbecue fast-food chain operator Mang Inasal in 2010 as part of continuing efforts to beef up its business portfolio. Mang Inasal caught the attention of JFC due to its fast growing business. To date, it now has 458 branches nationwide.
About Mang Inasal Franchise
It all started with a Vision. Edgar “Injap” Sia, at the age of twenty six, grabbed the opportunity to lease a 250 square meter space at the Robinson’s Mall Carpark-Iloilo in December 2003.
Franchise Inclusions or Package
Mang Inasal franchise consists of a complete support package that directs to help franchisees operate Mang Inasal quick service restaurant successfully.
Franchise Application Process
Mail Franchising Division Room 714, 7th Floor, Globe Telecom Plaza 2 Madison St., Mandaluyong City 1550, Philippines
Franchise Business Address
Pioneer Highlands North Condominium, Pioneer Avenue corner Madison St., Mandaluyong City 1550, Philippines
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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.
How Much is the Mang Inasal Franchise Fee?
So if you are a business buff or a success-driven entrepreneur who wants outstanding leverage of your investment, then prepare to follow Mang Inasal Franchise standard operating system and some requirements needed to comply with franchising. Most especially the financial requirements needed to operate the business.
Contact Details
If you are interested with the Mang Inasal Franchise, you can contact them through any of their contact details listed below:
What is the requirement for a franchisee in Mang Inasal?
Mang Inasal allows businesses to apply as franchisee. They must either be a Sole Proprietorship or a Corporation. For corporate applicants, the principal owner must own at least 20% of the company’s outstanding shares and must have at least 67% voting rights in the corporation.
What are the requirements to become a Mang Inasal franchisee?
Mang Inasal requires franchisees to: Be highly engaged, business-oriented, success-driven entrepreneur with strong desire to venture and invest in a long term business partnership with Mang Inasal. Possess the willingness and capability to learn the business.
What is a free standing store?
1. Free Standing Store. This is a stand-alone and a two-level store with sufficient parking space. 2. Mall Store. This store is located within the vicinity of a mall. 3. In-Store. This store is located within a building with adjacent tenants on both sides.
Does Mang Inasal require franchise experience?
What’s even better news is that Mang Inasal does not require past franchise or restaurant experience. Although previous restaurant management is a plus, the company provides franchisees with basic business management training. Mang Inasal allows businesses to apply as franchisee.
Who owns Mang Inasal?
At present, Mang Inasal is a wholly owned company by Jollibee Foods Corporation (JFC), the country’s largest fast food chain. Mang Inasal currently boasts of a store count of more than 500 outlets nationwide.
Do franchisees have to have a location?
According to the company, they are not in charge of providing a location to franchisees. This also means, during the application process, the prospective franchisee should already have a proposed store location. In fact, a layout map and photos of the site are required to be submitted during application.
How much does it cost to open a Mang Inasal franchise?
In total, the typical investment required to get a Mang Inasal franchise location opened is about $150k to $250k, or 7 to 9 million pesos. There are minimum size locations that are required for this business, but the space is very minimal at just 200 square meters or so, depending on what your specific community needs happen to be. You’ll receive a 7 year initial term for the franchise, which is renewable at the end of the agreement.
What is the importance of Mang Inasal?
Whether that means adjusting seating patterns to accommodate customers better of finding a way to expand the business, Mang Inasal will help each franchisee find a way to make their guest experiences be the best they’ve ever had in a quick service environment.
What is Mang Inasal support package?
If you are an interested franchisee, Mang Inasal offers a complete support package that includes operational system, marketing and promotional support, assistance in initial hiring and selection, extensive training of store team and construction of the store (equipment and facilities, furniture and fixtures, pre-operating expenses
Who is Mang Inasal?
The man behind the success of Mang Inasal or Mr Barbecue is a young entrepreneur from Iloilo City named Edgar ‘Injap’ Sia. He first opened his restaurant in December 2003 in the same city and the rest was history. Because of this success, Jollibee Foods Corp, the country’s no. 1 food chain acquired 70% of its share making Jollibee a stronger number 1. But, even with the said acquisition, Mang Inasal still remains to be different in the eyes of Filipinos as it continues to be unique in terms of food choices. The inasal chicken in particular is still something that can be flaunted out.
What is the Filipino way of cooking chicken?
What is significantly unique to Filipinos is that it has its way of cooking chicken that will surely make you crave for more. This is the chicken inasal way. Consequently, this is the brilliance of Iloilo homegrown fast food chain Mang Inasal. It just quickly captured the hearts of many Filipinos and swiftly turned around its business and instantly made 26 branches in the provinces in a span of only 2 years. An outlet was opened in Manila (the make or break city) in 2006 and its phenomenon continues to soar. It definitely made a breakthrough in the fast food industry as the first quick service restaurant serving grilled chicken barbecue. To date, there are around 500 Mang Inasal restaurants all over the country and has evolved its menus to satisfy Filipino cravings. Thus, if you want to offer Pinoy specialties such as chicken barbecue, pork barbecue, sisig, sinigang, bangus, kamote fries and the likes, you will never go wrong with Mang Inasal as it will truly satisfy the empty stomachs of the Filipino people.
How long does it take to get a franchisee to go to the store?
Within 3-4 weeks, screening and store exposure of the franchisee is done. This is also the time for complete interview with HR, Franchising and Operations. The franchisee at this time should also attend the restaurant exposure program, have accomplished the Harrison Assessment and the franchisor have conducted the credit and background checks
How long does it take to train for Mang Inasal?
When everything are all covered, in about 2 weeks the franchisee undergoes the franchise training program at Mang Inasal’s main office
Do you need a restaurant background to be a franchisee?
For interested franchisees, restaurant background is not a requirement, as long as you have the financial capacity and the winning spirit, you can be a partner
2 Years is What It Needs
This is where one popular business started. Having captivated the hearts of millions of Filipinos, Mang Inasal offers what many of us are craving for. With its well-cooked and saucy-flavored chicken, Mang Inasal became an instant sensation as business expansion is inevitable.
First Branches
Mr. Sia opened its other branches in the Visayan region before expanding to its neighboring island of Mindanao. After conquering the South, he tried his luck in the populous city of Metro Manila and he was not disappointed.
Acquisition Period
Jollibee, the leading fast food chain in the country, acquired 70% of Mang Inasal’s stakes at the stock market worth ₱3 billion. Six years after, in April 2016, the remaining 30% of the company’s stakes was acquired by the same company.
Franchsie Details
As a subsidiary of Jollibee Foods Corporation, Mang Inasal is now known as one of the world’s fast food chains in terms of quick service. Joining forces with the success framework of Jollibee, Mang Inasal was able to reach out to some of the most strategic locations on the country.
Doors are Open for Franchising
As it continues to welcome entrepreneurs who want to be part of the fast growing, quick service Mang Inasal business community, the company has lend its hands for franchising. For interested parties, the company offers a complete package. In this package, the operational system not to mention the marketing and promotional support, are included.
Requirements and Qualification for Franchising
Mang Inasal is looking for someone who will not destroy the name of the company. The franchisee must be enthusiastic, highly motivated and has this immeasurable interest in running a business. Furthermore, this individual is highly engaged and always focuses on the success of the company.
Terms of Investment
After setting up the initial fee of ₱1.2 million, there are other things included in the package, namely:
How many Mang Inasal locations are there in the Philippines?
Mang Inasal has more than 500 locations in Philippines. So if you are interested in opening their franchise here is the cost in the table below.
How to contact Mang Inasal?
To contact the team of Mang Inasal you can also fill the contact form on their website.
What is Mang Inasal?
Mang Inasal is a very famous barbecue fast food restaurant and if you’re looking for their latest menu then you’re in the right place. In this post, I will be sharing the latest menu of fast-food restaurants. Mang Inasal menu includes chicken inasal, sisig, halo-halo, inumin and ATBP. They are mainly known for their barbecued chicken and pork items.
Where is Mang Inasal located?
At present, they have more than 500 outlets nationwide and the headquarters of their company is in Mandaluyong, Metro Manila, Philippines.
How does Mang Inasal work?
Mang Inasal works on FSC philosophy’s strategy by serving great food, delivering excellent service and maintaining cleanliness and good store conditions every day. Mang Inasal has an affordable range of eatables. So without waiting, let’s check the latest menu prices of Mang Inasal.
About Mang Inasal
Mang Inasal Franchise Fee
- How much is the franchise fee of Mang Inasal? A full franchise unit of Mang Inasal requires an investment ranging from P12 Million to P18 Million. The actual amount is dependent on the approved store type and size. The store model will depend on the location and target market, and the company prefers locations that are in an accessible, high traffi...
Franchise Store Types
- There are four (4) types of Mang Inasal stores that may be availed by potential franchisees. 1. Free Standing Store This is a stand-alone and a two-level store with sufficient parking space. 2. Mall Store This store is located within the vicinity of a mall. 3. In-Store This store is located within a building with adjacent tenants on both sides. 4. Food Court This store is located inside the faci…
Franchise Package Inclusions
- The total investment cost of P12 Million to P18 Million already includes all these assistance and support activities from Mang Inasal: Franchise Training Program Operational System Marketing Assistance Store Opening Assistance Local Store Marketing Marketing Collaterals Manpower Assistance Initial training of Restaurant Managers and Assistant Restaurant Managers Training …
Contract Period and Return on Investment
- A Mang Inasal franchise agreement lasts for ten (10) years and is renewable upon the discretion of the franchisor, considering the overall store performance. Like any regular business, the estimated Return of Investment (ROI) will depend on several factors such as sales, market potential investment, and the ability of the franchisee to control the store’s operating expenses. I…
Eligibility Requirements
- Mang Inasal requires franchisees to: 1. Be highly engaged, business-oriented, success-driven entrepreneur with strong desire to venture and invest in a long term business partnership with Mang Inasal 2. Possess the willingness and capability to learn the business 3. Enjoy working, communicating, and relating with employees and customers What’s even better news is that Ma…
Franchise Application Process
- If you have the financial capacity and qualifications to franchise, you’re probably ready to apply for a Mang Inasal franchise. Here are the application steps: 1. Prepare the initial required documents: 1. Letter of Intent – address to Mang Inasal Main Office at Pioneer Highlands North Condominium, Pioneer Avenue corner Madison St., Mandaluyong City 1550, Philippines (downlo…
Mang Inasal Franchise Contact Details
- If you’re willing to learn more, it’s best to contact this representative from Mang Inasal: Mang Inasal Franchising Telephone Number: +63-2-8724-1111 local 6567 Mobile / Cellphone Number: +63-949-889-7079 Click here to view other franchising opportunities: Complete list of Philippine companies available for Franchising Information and Image Sources: Official Company Website …