Here are some Frequently Asked Questions about the Franchising Business:
What
do you look for in a potential Franchisee? A potential dealer should be willing to invest
money, willing to find a good location for the unit, and willing to
follow set standards. Potential dealer should possess an entrepreneurial
spirit and the commitment to push sales of products.
How can a potential dealer apply for a
Franchise? A potential dealer
can inquire about the Franchise opportunity via landline (569.08.30 ) . The
potential dealer should provide the following requirements in order to
facilitate the application process: completed application form,
photograph and location map of proposed site.
How much does Franchise cost? What is
included in the Franchisee fee? For
a cart Php21,888.00 to P250,000.00 The Franchise fee is
inclusive of the following: cart with signages, equipment, crew uniform and training, franchise seminar, free Eload dealership and accident insurance. There are
no annual franchise fees, no royalty fees and no store-opening fees. Also,
the franchise fee includes the license which allows the dealer to
operate and use the trademark of Franchise. The Franchise Cart terms is
three (3) years, after which you can renew your Franchise for a minimal
fee.
When
does the dealer have to pay the fee? Once dealer’s application is approved, franchisee
needs to sign a franchise contract and pay the required franchise fee.
How long does it take to open a Franchise
shop? The Franchise business
development process takes 3 to 4 weeks. The activities include
processing of applications, construction of the cart, equipment and
materials preparation and training.
How many units can a single franchisee own? A single franchisee can own multiple units for as
long as they can pay the necessary fees for the said units and observe
the standard operation procedures set by Franchisor.
Where can dealers locate their Franchise
Outlet? Franchisee can locate in
high foot traffic areas. They can sell in schools, malls, bazaars and
during special events. The company will ensure that no two Franchise
outlet are located within 500 meter radius to dealers can fully realize
the returns of his investment and not compete with another Franchisee. In
cases wherein the unit is located within a building which has a
potential for expansion within or around the said location, the dealer
is given the right of first refusal to proposals which shall arise in
the future.
What is
the dimension of the cart and area requirement? The single cart (silver package) has the following dimensions: Height
7 ft. Width 2 ft. Length 3 ft. Area requirement: 2.5
m. x 2.5 m.
How
much can a franchisee earn? Franchisee
profitablity depends highly on where he locates his cart. Gross margin
is estimated at 40%. In order for franchisee to recoup his
expenses (cost of goods, rental, depreciation, utilities and labor), he
needs to sell about P2,500 per day (assuming rental is at P10,000 per
month).
The estimated return of income (ROI) for each
franchise is 2-3 months.
Note: figures are estimates
only
What
kind of training will the Franchisee receive? The franchisee and his manpower pool will be
trained in basic cart operation and product handling by Franchisor
personnel.
Who
will be responsible in the recruitment and training of the personnel? Franchisee shall source, screen and select the
required personnel. For Cart operation minimum of one (1) person per
shift. Franchisor will conduct certain training programs which the
dealer and his personnel must personally attend and successfully
complete before they are allowed to operate and/or manage the unit.
What products will be sold in the Franchise
outlet? At what price would the products be sold? For the cart operation, all Franchise products. Franchisee
is not allowed to sell any other food item other than those specified
by Franchisor. Franchisor will provide the standard price list of
the products indicating the dealer’s selling price to the consumers.
Franchisor shall peg the prices of such products according to the
targetted profitability rates that will provide reasonable returns to
the dealer.
How
will Franchisor ensure product quality and standard of operations are
being upheld? Franchisor will designate employees and
agents who shall audit shop operations on the basis of Franchisor's
approved standards on service, product quality, cleanliness, equipment
maintenance, atmosphere, etc.
What if I have any other question not answered here? Please call MJ at 569.08.30
Please get in touch with MJ for any questions, concerns or if you want to franchise your very own food cart!
Cellphone: 0917.767.77.18
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