Philippines – Franchising POC

Popularity Of Food-cart Franchise Businesses In The Philippines

Posted on October 19, 2019 by blogger

What are the kinds of businesses are popular in the Philippines today? According to many experts, franchise businesses had become a popular trend in the Philippines. And part of the reason why businesses is because of the many new franchise available in the market, such as food-cart and food-stall businesses which are considered today as some of the most wide-spread businesses in the Philippines today.

Popularity of Franchise Businesses in the Philippines
According to many experts, franchise businesses became popular in the Philippines because of the many new franchising concepts which gave Filipinos the opportunity to own a profitable business. This is when food-cart and food-stall businesses were introduced in the Philippine market. And unlike other franchise businesses, these franchises are far simpler and smaller.

Benefits of Small Franchising Businesses
Unlike in the past in which most franchise businesses in the Philippines were large businesses, such as convenient stores, fast-food restaurants, and many more, food cart-and food-stall businesses are smaller, which could only occupy a small space in a high foot-traffic location, such as in malls, shopping centers, bus and train terminals, and even in wet markets and sidewalks.

Because of its versatility and flexibility, these types of franchising businesses became popular among many Filipinos who are looking for a simple business that they can easily manage by themselves.

But other than its simplicity, another reason why food-cart and food-stall businesses became popular is because of its lesser expensive franchising cost compared to other franchise businesses in the Philippines, allowing more Filipinos to have the same opportunities that many wealthier Filipinos have had with Franchising business Philippines.

No Requirements Needed
Unlike larger franchise businesses, which normally requires one to have experience in management as well as have attained an MBA, these small and simple franchise businesses usually don”t require anything other than the franchising fee. And although its more expensive than starting a business from scratch, these businesses, however, can offer Filipinos the profitability that start-up businesses usually lack.

Business Loans for Franchise Businesses
Business loans had also gained a lot of popularity in the Philippines because of franchise businesses. A popular example of those that offer such services is Ka-Negosyo (business-partner) by BPI. It is a branch in BPI which give Filipinos the advantage of franchising a business, or starting their own business, by giving them the capital they needed.

Ka-Negosyo is one of the few popular loan firms in the country that can offer Fast cash loan Philippines which gives them the opportunity to acquire their capital faster compared to other loan firms in the Philippines.

The Advantage of Franchising Business for Food-Cart Businesses

Posted on September 22, 2019 by blogger

One of the most popular type of business in the Philippines today is franchise business. And this is because of its many benefits which made it simpler and easier compared to starting a business from scratch. So what are these benefits and advantages?

Advantages of Franchise Businesses There are many benefits of starting a franchise business rather than starting from scratch. Some known benefits involve the advantage of starting up quickly based on a proven trademark, and the tooling and infrastructure as opposed to developing them.

In addition to that, franchise businesses can also offer the convenience which will allow its franchisees to start their business without having to worry about their supplier or their consultant, or other important aspects of businesses. This is because their franchisors can also stand as their consultant and their supplier, making it easier for Filipino entrepreneurs to start their business.

However, other than just the benefit of starting-up quickly, there are also other reasons why franchise businesses had gained a lot of popularity in today’s market. And that is because of its affordability.

New Franchise Businesses and its Benefits Popular franchise businesses in the past are comprised of medium and large businesses from bakeries and convenient stores, to grocery and fast-food chains. Because of this, franchise businesses in the past can only benefit those that can accommodate its costs, such as wealthy families, corporations, as well as companies.

Today, a new breed of franchise businesses were introduced in the Philippine market which aims to offer many Filipinos to have the same opportunity that wealthy Filipinos have had in franchise businesses. This is when food-cart or food-stall businesses were introduced in the market.

Compared to larger franchise businesses, food-cart or food-stall businesses are far more affordable, allowing more Filipinos to own a business which they can easily gain profits due to its many unique benefits.

In addition to its affordability, food-cart businesses are also known for its many benefits which made these types of franchise businesses unique.

Although many of today’s franchised food-cart businesses are built to stay in one place, which is similar to other franchise businesses, there are many food cart businesses today which can be moved due to its size. This allowed its franchisees to choose which place can offer them the profitability they needed.

Business Loan Services What made franchise businesses even more popular is because of the support of many companies by providing them different business loan services which can offer financial assistance to Filipino entrepreneurs. A popular example is Ka Negosyo franchise and Business Loan services which can offer the kinds of services appropriate for their needs.

Ka-Negosyo is one of the few popular business loan service provider that can offer Fast cash loan Philippines which allows Filipinos to start their business quickly, particularly if their racing against time in securing a very important location for their food cart franchise business.

One of the most popular type of business in the Philippines today is franchise business. And this is because of its many benefits which made it simpler and easier compared to starting a business from scratch. So what are these benefits and advantages?

Advantages of Franchise Businesses There are many benefits of starting a franchise business rather than starting from scratch. Some known benefits involve the advantage of starting up quickly based on a proven trademark, and the tooling and infrastructure as opposed to developing them.

In addition to that, franchise businesses can also offer the convenience which will allow its franchisees to start their business without having to worry about their supplier or their consultant, or other important aspects of businesses. This is because their franchisors can also stand as their consultant and their supplier, making it easier for Filipino entrepreneurs to start their business.

However, other than just the benefit of starting-up quickly, there are also other reasons why franchise businesses had gained a lot of popularity in today’s market. And that is because of its affordability.
New Franchise Businesses and its Benefits Popular franchise businesses in the past are comprised of medium and large businesses from bakeries and convenient stores, to grocery and fast-food chains. Because of this, franchise businesses in the past can only benefit those that can accommodate its costs, such as wealthy families, corporations, as well as companies.

Today, a new breed of franchise businesses were introduced in the Philippine market which aims to offer many Filipinos to have the same opportunity that wealthy Filipinos have had in franchise businesses. This is when food-cart or food-stall businesses were introduced in the market.

Compared to larger franchise businesses, food-cart or food-stall businesses are far more affordable, allowing more Filipinos to own a business which they can easily gain profits due to its many unique benefits.

In addition to its affordability, food-cart businesses are also known for its many benefits which made these types of franchise businesses unique.

Although many of today’s franchised food-cart businesses are built to stay in one place, which is similar to other franchise businesses, there are many food cart businesses today which can be moved due to its size. This allowed its franchisees to choose which place can offer them the profitability they needed.
Business Loan Services What made franchise businesses even more popular is because of the support of many companies by providing them different business loan services which can offer financial assistance to Filipino entrepreneurs. A popular example is Ka Negosyo franchise and Business Loan services which can offer the kinds of services appropriate for their needs.

Ka-Negosyo is one of the few popular business loan service provider that can offer Fast cash loan Philippines which allows Filipinos to start their business quickly, particularly if their racing against time in securing a very important location for their food cart franchise business.

Franchising In The Philippines

Posted on September 1, 2019 by blogger

Franchising has been in the Philippines for 94 years. With the entry of Singer Sewing Machine in 1910 which introduced product distributorship. Numerous companies embraced this concept as their vehicle for business expansion over the years. From 1910 to 1965, businesses staked their flags in the Philippine economy through PRODUCT DISTRIBUTORSHIP. Some of these multinationals were tire and pharmaceutical companies.

The take off was slow in the early years as the succeeding companies like A&W Restaurant known for its root beer entered in 1965. The first outlet was established on Highway 54 (now popularly and historically known as Epifanio Delo Santos Avenue or EDSA) near the Big Dome-Araneta Coliseum. The concept was a drive-thru where women food attendants garbed in mini-skirts, black stockings and in roller skates would serve customers inside the comfort of their cars. Trays clamped by the side of the door and mugs with cold refreshing root beer partnered with foot long hotdogs were served. Its set-up was exactly the same as found in the US branches during those years. What this company brought was another form of franchising, which is known as Business Format. From then onwards most entrants into the market embraced this concept, in fact, so widely used not only in the Philippines, but all worldwide.

Product Distributorship

This is a form of franchising where owners of products allow other parties to sell or distribute their products or even use their trademark as a dealer. There is minimal or no control of operations. The relationship is centered on the quality of products sold.

Business Format

A form of franchising used by 90% of companies involved in franchising. This is the reason why franchising is considered the most successful way of expansion worldwide.

In business format, the franchisor, more than his registered trademark and products, has developed a business system that is made available for use to franchisees. Compliance to the business system is the core and essential element of their contractual relationship embodied in a franchise agreement.

The first survey of franchising in the Philippines done in 1995 revealed that there were a total of 50 operating foreign franchisors at that time. The success rate of foreign franchisees is 97%. In 2003, there were 315 foreign franchisors in the country with 87% success rate.

Philippine Based (Home-Grown) Franchises

Earliest recorded homegrown company that used business format franchising was PANCAKE HOUSE. It was franchising since 1978. PANCAKE HOUSE is still active in franchising and has transferred ownership a few years back.

In 1996, there were 94 companies using franchising as their route to expansion and the number has substantially increased to 481 in 2003. The success rate is a good 90%.

Philippine Franchise Scenario

Franchising in the country evolved from the US Franchise System. There are, however, no laws that regulate franchising. Companies and franchise developers use international franchise practices as reference and as a guide to pursuing this type of business. The increasing number of homegrown companies using franchising in their expansion can be attributed to the presence and increasing number of foreign franchisors. They served as motivators and inspiration for the local entrepreneurs.

Franchising for years has been the monopoly of food sector. It was only in mid-1990’s that service and retail entrepreneurs used franchising.

There was an absence of franchise education in the country for decades. Franchise Conference and Seminars started only in the mid-90’s. Franchise Associations were also formed with the vision of professionalizing and standardizing the franchising as well as police their own ranks.

Advantages Of Franchise Businesses In The Philippines

Posted on August 16, 2019 by blogger

Franchising is a popular trend in the Philippines today, and one of the many reasons as to why it gained a lot of popularity among Filipinos is because of its many opportunities. Here are some of those:

Quick ROI (Return of Investment)
One of the many popular benefits of franchise business Philippines is because of its faster ROI or Return of Investment compared to start-up businesses. Part of the reason why is because franchised businesses have already established a name in the market which makes them reliable in their market, unlike that of starting a business from the ground-up which would take a lot of time and effort.

Successful Business
In addition to its faster ROI, another reason why franchising became popular in the Philippines is because of its successful business model. According to business experts, the main advantage of franchising is that it allows its owners to start up quickly based on an already proven trademark, which is unlike that of starting their own business from scratch.

Lesser Maintenance Efforts
One of the reason why franchise business in the Philippines had gained a lot of popularity in the Philippines is because of its lesser maintenance efforts, particularly for food-cart or food-stall businesses. The reason why is that all of its marketing efforts as well as branding had been arranged by its franchisor. Some franchisors in the Philippines would even offer their services to register their franchisees business and arrange all its legal papers. This makes it easier for Filipinos to start their business quickly.

Availability
Another popular reason why franchise businesses had gained a lot of popularity in the country, particularly with food-cart or food-stall businesses in the Philippines. Because of hundreds of franchising companies in the Philippines that offer different brands of franchise businesses, particularly food-cart businesses, Filipinos have the freedom to choose which business suits their passion. Such as if with foods, Filipinos can choose from a wide variety of food-stuffs.

Business Loans
In addition to other benefits, business loans are also the reason why franchise businesses had gained a lot of popularity. A popular example is Ka-Negosyo by BPI.

Ka-Negosyo can offer flexible business loans which offers its clients choices of which plans can accommodate their franchise business Philippines needs, allowing it to cover the franchise cost itself, as well as its overhead expenses, such as its legal papers and registration, rent for its location, as well as its construction (if needed).

Franchising Trend In The Philippines

Posted on August 8, 2019 by blogger

A popular business trend in the Philippines today is franchising. And the reason why it gained a lot of popularity is when a number of franchising companies had introduced a new form of franchise business, which is the popular food-cart or food-stall business.

Franchising Trend in the Philippines

History

Franchising business Philippines had only gained a lot of popularity and recognition a few years ago, this unique business process was already practiced in the past, mostly by large companies and corporations as well as wealthy companies.

The reason why the business wasnt as popular or as widely recognized all over the Philippines is because of the kinds of businesses available for franchising in the most. According to many business experts, most franchise businesses in the past are large establishments such as fast-food restaurants, convenient stores, bakeries, grocery stores, and many more.

Eventually, new forms of franchise business were introduced in the country, and part of what made these franchise businesses popular is because of its affordability. This is when food-cart or food-stall businesses were introduced in the Philippine market.

Franchising of Today
Because of the introduction of new franchising concepts, which is not only simple but also affordable, many Filipinos were able to get the same opportunity that many wealthier Filipinos have had with franchising, such as the opportunity of starting a business based on an already established brand name, allowing its owners (or franchisees) to gain more income compared to start-up businesses.

Because of its affordability compared to other forms of franchise businesses in the past, food-cart franchise business Philippines quickly became popular in the market. And because of the growing competition between different food-cart businesses, its costs had continuously dropped in which many of todays popular franchise businesses can now be acquired for less than P30,000 Pesos.

Eventually, food-cart franchise business Philippines have quickly spread all over the Philippines, not only in Metro Manila but also in many provinces as well as in the rest of the country.

Contribution of Franchise Businesses for the Economic Growth of the Philippines
Because of the continuous growth of franchising in the Philippines, the industry had created thousands of enterprises which generated hundreds of thousands of jobs, making franchising an important tool in the countrys economic growth.