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 can I franchise Potato Corner?
The requirements to apply for a Potato Corner franchise include the following:a formal letter of intent;a filled-out application form;2 valid IDs;a filled-out marketing study; and.a location offer sheet.
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
What is the best food franchise to own Philippines?
Here is the top 10 best food franchises in the Philippines:Magic Melt. Founded in: 1999. ... Figaro Coffee Company. Founded in: 1993. ... Brownies Unlimited. Founded in: 1988. ... Max's Restaurant. Founded in: 1945. ... Monterey Meatshop. Founded in: 1977. ... Pancake House. Founded in: 1974. ... Shawarma Shack. Founded in: n/a. ... Jollibee. Founded in: 1978.More items...
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 the franchise fee of Jollibee?
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 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 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.
Who is the CEO of Potato Corner?
Jose Magsaysay Jr. Chairman/CEO, Partner Ng Bayan, Inc. Jose Magsaysay Jr. or Jomag is an entrepreneur, a mentor, and currently the President, CEO and Chairman of three organizations including Cinco Corporation, the company behind the Potato Corner franchise business.
Why is Potato Corner so successful?
By technically using other people's money to launch franchise stores, the brand became successful. “Because of franchising we are here today. It's just like going public where you use other people's money to grow your business. In fact, I call our company a 'public company' because 75% of our stores are franchised.”
Is Potato Corner a Filipino brand?
Potato Corner originated in The Philippines in 1992 as a cart business. It has since expanded to countries all over the world including; Australia, South East Asia, Kuwait, Panama, and The United States. In 2010, Potato Corner was brought to The U.S., opening its first location in Southern California.
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
Is Potato Corner a Filipino brand?
Potato Corner originated in The Philippines in 1992 as a cart business. It has since expanded to countries all over the world including; Australia, South East Asia, Kuwait, Panama, and The United States. In 2010, Potato Corner was brought to The U.S., opening its first location in Southern California.
How can I franchise Paotsin?
Sadly, Paotsin Franchise Is Not A Thing Yet! As of now, there has been no reports of Paotsin being open to franchising its food stall business to the public. Currently, it operates as a private family corporation, with details on the franchising kept on a tight lip.
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.
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 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.
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?
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.
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.
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.
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, ...
Potato Corner Franchise Opportunities
Potato Corner franchise company was founded in 1984 as a food cart in a Philippines night market. Delicious french fries which were cooked with patented seasonings such as BBQ, Chili BBQ, Sour Cream & Onion, and Cheddar Cheese quickly became popular.
How to open a Potato Corner franchise?
Ensure you have adequate capitalization. In order to open the Potato Corner fast-food franchise, you must have a net worth from $30,000 to $60,000.
