how to franchise a small business in philippines

How to Start a Franchise Business in the Philippines

• 1. Attend Franchising Seminars This step should always be your starting point. ...
• 2. Conduct Comprehensive Research Armed with information from PFA seminars, you should now have an idea on how to approach your research on the specific industry from which you plan to get a franchise. ...
• 3. Incorporate Your Business ...
• 4. Identify the Franchises to which You Are Interested ...

Full Answer

Why Franchise Business?

What are the advantages of franchise?

Why is franchising good?

Why do small businesses fail?

Why do new businesses have sleepless nights?

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What is the lowest franchise in the Philippines?

food cart franchiseWhat is the cheapest franchise to open in the Philippines? There are many options for a low-cost franchise business in the Philippines in 2022. The cheapest you can get is a food cart franchise worth ₱20,000.

Which franchise is cheapest to own?

12 best low-cost franchises for aspiring business ownersCruise Planners. Franchise fee: $10,995. ... Fit4Mom. Franchise fee: $5,495 to $10,495. ... Chem-Dry. Franchise fee: $23,500. ... Jazzercise. Franchise fee: $1,250. ... Stratus Building Solutions. ... SuperGlass Windshield Repair. ... Mosquito Squad. ... Pillar to Post Home Inspectors.More items...•

How do I turn my small business into a franchise?

How to Franchise a BusinessMake sure your business is ready to franchise.Protect your business's intellectual property.Prepare a financial disclosure document (FDD)Draft a franchise agreement.Compile an operational manual for franchisees.File or register your FDD.Set a strategy to achieve your sales goals.

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.

Can you buy a franchise with no experience?

Most people don't realize that they can have all of this and more through their own franchise. The best part is that there is no experience or education necessary to owning your own franchise. The only thing that is required is a drive for success.

What franchise can I open for 10K?

There are many franchise opportunities to invest in that don't require a huge initial investment....18 Affordable Franchises Under 10K in the U.S.Krispy Krunchy Chicken. ... Java Dave's Coffee House. ... Capriotti's Sandwich Shop. ... MOMLETA / Baby Boot Camp. ... Fit4Mom. ... Jazzercise. ... Social Owl. ... Fastest Feedback.More items...

How do I know if my business is ready for a franchise?

You will be successful at franchising if your products and services have popular appeal and demand. Once your offerings gain significant market traction, then you will be able to license franchises on your terms - it saves them time, energy, and money.

Is franchising my business a good idea?

You should only franchise if it is a part of your long-term growth strategy and goals. Only franchise if your goal is to expand your brand and to build an organization to support and assist your future franchisees.

How much money does it take to start a franchise?

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.

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.

How much is a Jollibee franchise?

Upon receipt of application, this will take 1 month of processing. However, submission of an application form does not obligate you or Jollibee in any way. It is just the first step in the application process, which is an evaluation of your proposed location. Jollibee franchise ranges from Php 25-35 Million.

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.

What franchise is the most profitable to own?

Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•

How much is Mcdonalds franchise fee?

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 a Starbucks franchise?

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 business can I start with 25000?

Top 15 Ideas to Start Online Business in India Under Rs 25,000Digital Marketing Agency.Content Writing.Graphic Designing.E-commerce Website.Tour and Travel Agency.Online Education and Coaching.Online Food Delivery / Tiffin Service.Online Repairing Business.More items...

32 Best Small Business Ideas in the Philippines for 2022 - Moneymax

Low capital requirement is possible in business. Check out these micro and small business ideas in the Philippines you can start in 2022.

What is a Franchise Business?

A franchise business is a partnership between a franchisor (original business) and a franchisee (investor that seeks to buy the right to sell and use the original business’ name, trademark, concept, process, goods, and services).

Why is franchise business important?

Starting a franchise business is a great way to learn how a successful company operates.

What is franchising similar to?

This type of franchising is very similar to the relationship of a supplier and distributor. Simply put, the franchisor is responsible for providing the product, which the distributor is then authorized to sell.

What does a franchisor do?

The franchisor also provides the franchisee with an operating system, brand and support. Simply put, in a business franchise an established brand/company will allow you to sell its products/services by selling the license to you.

How has technology made business easier?

Technology has certainly made a lot of things easier for humans (especially with the inevitable rise of cashless payment systems ). And now, even in the franchising space, technology has made business operations far less complex, as some of these business ideas don’t heavily rely on human resources (except for maintenance and marketing).

What is the success rate of a franchise?

9. Higher chances of success. Running a franchise business has a success rate of 90% , based on a study by the United States Agency for International Development (USAID). This fact is hardly surprising because all the franchising pros listed above contribute to raising the chances of success.

Why is franchisee more liberty?

But because of the absence of those things , the franchisee has more liberty in terms of how to run the business. It’s important to note, though, that while franchisees may enjoy more freedoms, they still need to adhere to guidelines such as selling the products on either an exclusive or semi-exclusive basis.

1. Allocate ample time for brainstorming for business ideas

It is very important to note that brainstorming for business ideas is very crucial for any business aspirants who wish to start on their entrepreneurial journey.

2. Layout the business plan

Cliché as it may sound, but this holds true until today: “Failing to plan is planning to fail.” When starting a new business venture, a business plan is needed to be developed to guide you on the steps to be done.

3. Prepare your initial investment

The initial investment is a prerequisite before starting any business. To get a rough amount to prepare, it is best to determine the possible costs that you may need to pay. This may include licenses, permits, legal fees, insurance, branding, marketing, trademarking, inventory, property leases among others.

4. Identify your business structure

In the Philippines, there are three common business structures - sole proprietorships, partnerships, and corporations .

5. Follow necessary legalities imposed by the government

As mentioned, licenses, permits, legal fees, insurance, branding, marketing, trademarking, inventory, property leases are among the costs that need to be covered once you plan to start your business.

6. Choose your team

Prepare job descriptions and specifications that will be crucial in choosing the members of your team. Take time in thinking and outlining the positions needed to be filled.

7. Advertise your business

The business industry has been highly competitive. Standing out above from the competitors can be a challenge. You need to attract clients and customers.

At a Glance: The 9 Best Franchise Business Opportunities in the Philippines for Post-COVID Era (and Beyond)

According to the PFA, it’s a great opportunity now to invest in a franchising business and ride the wave of the industry’s recovery. They are predicting a franchising golden age by 2025 3, but only for businesses that can adapt to the new normal. Consider the following franchise businesses:

The Ultimate List of Franchise Business Opportunities in the Philippines

Food and beverage carts have a limited menu that serves only their specialties. The same can be said for food and beverage kiosks, which is a slightly larger version of the cart.

Who Should Start a Franchise Business?

Not everyone should go into franchising. If you don’t understand the risks and responsibilities involved, you may just be wasting your time and money. Listed below are the kinds of people who might find success in franchising:

Tips and Warnings

Don’t expect overnight success. Just like most businesses – franchising is a marathon, not a sprint. You have to accept that it might take several months or years to get your money back and start bringing in profits. You need to consistently promote and deliver quality services to achieve this.

Frequently Asked Questions

No. If a franchisor is guaranteeing the success of your franchise, then it’s probably a scam. The success of a franchise, just like any other business, hinges on many different factors that franchisors typically don’t get involved in.

Why Franchise Business?

There are a number if advantages with starting a franchise business as opposed to going it on your own. Mark Siebert, writing for the Entrepreneur lists some advantages associated with buying a franchise rather than starting on your own.

What are the advantages of franchise?

You have already invested in your training most of the times while you went to school or worked for a company. The main advantage of going for a franchise providing a service you enjoy offering is that you end up actually doing stuff that you love. You know what they say about doing what your love; you will never work a single day again in your life.

Why is franchising good?

Franchising makes the owner the manager if the business and most of the times the owner of the franchise will assist by training the owner to become a good manager. Fast Growth. Because you are using a method that has been developed over time you are not going to rely on trial and error to manage your business.

Why do small businesses fail?

One of the reasons many starting small businesses fail is that they either have cash flow problems or they are drowning in debt. Human Resources. It is difficult for a new small business to find and retain good employees, especially managers. Franchising makes the owner the manager if the business and most of the times the owner ...

Why do new businesses have sleepless nights?

One of the things that give new business people sleepless nights is the risk associated with taking all their life savings and putting them into a venture that may fail.

What is a business franchise?

A business that has the allowance to use the rights of a brand company, and its products and services is known as a Business Franchise. The owner functions a business under the specific guidelines and specifications provided by… more»

Who can own a franchise?

A single person or a group of people who enjoy investing in businesses can own a franchise. It can be operated by a corporation or investors themselves. Among the many kinds of entrepreneur franchises, there in one known as the… more»

What is franchising in business?

Franchising is a business strategy where a company makes use of the business model that another company uses. A company sells the rights to use his business model to another company to use. In franchising, the company that sold… more»

What is the licensing arrangement in a business where distribution of product or services can be done through registered dealers?

The licensing arrangement in a business where distribution of product or services can be done through registered dealers is known as “franchising”, the owner of the franchise is known as a “franchisor”, whereas a dealer… more»

What does it mean to get involved in a franchise?

Getting involved in a business of franchise means that the owner accepts the agreement of promoting and selling the merchandises or services of the company that are provided by the franchisor. The brand name or the company’s… more»

How long has franchising been around?

The concept of franchising has been prevailing in the market for over 50 years, and is new and very successful. It allows the franchise owners to generate more revenues by reaching out and catering more customers as compared to… more»

What is the most popular breakfast in the Philippines?

In the Philippines, lugaw or rice porridge is one of the most popular and cheap breakfasts for everyone. It is very easy to cook and the ingredients cost very cheap. You can sell this in front of your house placed on a table;… more»

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

Where is the search box on a franchise?

Type the name of the franchise you’re looking for in the “Search” box located at the top of the table; or

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!

When you start a business, do you think about location?

While location seems to be the starting point people think about when they start their businesses, it might not necessarily follow suit when you start planning where you will place your shop.

How many shifts do you need to work in a grocery store?

Our labor rules state a basic eight-hour working schedule. Dividing the day by it, and you will need three shifts. You will need a flat hierarchy to keep your overhead for workers’ wages down. Your personnel will have to be flexible enough to handle most of the work and chores needed in your store operation.

Why Franchise Business?

There are a number if advantages with starting a franchise business as opposed to going it on your own. Mark Siebert, writing for the Entrepreneur lists some advantages associated with buying a franchise rather than starting on your own.

What are the advantages of franchise?

You have already invested in your training most of the times while you went to school or worked for a company. The main advantage of going for a franchise providing a service you enjoy offering is that you end up actually doing stuff that you love. You know what they say about doing what your love; you will never work a single day again in your life.

Why is franchising good?

Franchising makes the owner the manager if the business and most of the times the owner of the franchise will assist by training the owner to become a good manager. Fast Growth. Because you are using a method that has been developed over time you are not going to rely on trial and error to manage your business.

Why do small businesses fail?

One of the reasons many starting small businesses fail is that they either have cash flow problems or they are drowning in debt. Human Resources. It is difficult for a new small business to find and retain good employees, especially managers. Franchising makes the owner the manager if the business and most of the times the owner ...

Why do new businesses have sleepless nights?

One of the things that give new business people sleepless nights is the risk associated with taking all their life savings and putting them into a venture that may fail.