Buy a Franchise Now !

Advantages of a Business Franchise

2007-05-09T10:10:00.000+03:00

A Franchise Opportunity has numerous benefits over starting a business on your own. The major reason why it pays to become a franchisee is that you are much more likely to still be trading profitably after five years of trading. Over eighty percent of new start ups fail within the first five year!

When one buys a business from a franchisor they receive a detailed training programme. This covers all aspects of running a business. The training programme is critical in ensuring that your business runs smoothly. It is the franchisors interest for the franchisee to succeed as then he receives higher royalty payments. This also serves to attract new people to their franchise system. The more that succeed with the business the easier it gets to attract quality people.

The franchisee also benefits from all the logos, stationary, brochures and websites that have been created. Someone starting a business on their own has to spend a huge amount of time in just creating a brand image. Most lenders are willing to offer a higher percentage of funds required to start a business to potential franchisees than if they were starting a business on their own. This is because they recognise the potential of buying a franchise. They also have to protect their investment in the business and realise that their money is much more likely to be repaid by someone buying into a franchise.

The franchisor even assists the franchisee with the territory. Usually this advice is free unlike when one starts a business on their own. The market research and advice on territories likely to succeed might have cost the franchisor a serious amount of cash but is yours for free if you buy into his systems.

The franchisor will even help the franchisee to secure planning permission using their knowledge acquired through years of experience. Trying to tackle this maze on your own without paying for specialist advice is a minefield. Paying for specialist advice costs a small fortune which is why most new business owners do not do it.

By buying into a franchise business almost nothing is left to chance. Your stock levels are predetermined by the franchisor and have been based on years if not decades of experience.

Starting a business is only the first phase in achieving profits. This is where the ongoing support and further training if required comes in. Most franchisors provide further training at favourable prices. They only usually try and recuperate their costs without trying to make a profit on their training programmes.

When it comes to advertising on a national scale the franchisor can achieve true cost savings. They can negotiate national rates and then spread the costs throughout their franchise network. The franchisee does not need to worry about the logistics of creating an advertising campaign and benefit from the expert knowledge of the franchisor.

The downside is that even though you are running a viable business that generates a decent profit, it is unlikely that you will ever create a new empire. Starting a business on your own has huge risks but the potential upside can be huge if you enter the market at the right time and in the right place.

In my opinion though, the benefits of buying into a franchise far out way the risks in starting a business on your own. If you are seeking to reduce the risks associated with going into business on your own then a franchise business might be right for you.

10 Sales Lessons That Can Be The Difference Between Success And Failure

2007-05-01T19:06:00.000+03:00

Fish tales about the "big one that got away" are legendary. Franchise salespeople have their own stories of big ones that got away, too. But the good ones also tell tales of the near-misses they pulled from the fire-- and of how, at the eleventh hour, whether through fancy footwork or a simple stroke of luck, they landed the deal after all.

Top sales pros are unafraid to admit their mistakes, because they've learned from them and gotten better. In this tale, Franchise Update has landed four "big ones" willing to share what they've learned from the ones that got away and from the many more they've landed--all wrapped up in 10 easy lessons.

1) Learn to listen (and be patient)
Jim Squire, director of franchise development for HoneyBaked Ham in Atlanta, and a long-time veteran of both sides of franchising, says he believes that salespeople are "hardwired from the get-go--in two different camps."

One is the traditional salesperson, "the person who works off the product's features and benefits. He takes the product and goes out and uses his personality, charisma, and the features of the product to almost wear down the person he's trying to sell. He talks 80 to 90 percent of the time and listens 10 to 20 percent of the time. That holds true in 90 percent of the sales environment," he says.

In franchising, he says, "The type of sales that works best is consultative sales, which is my style. In my position, I'm listening 80 to 90 percent of the time and talking 10 to 20 percent of the time."

Squire, a Vietnam veteran who got into franchising with Arby's in 1983, learned his sales technique prior to that as an advertising agency representative. "Essentially, we'd go in and meet with prospective clients, find out their needs, and talk about how we can solve those needs in a consultative way," he says. "We didn't have a tangible product--it was simply about selling our services and experiences to help them accomplish what they wanted for their particular product or service."

This technique works perfectly for a franchisor or area developer, he says. "Franchise companies don't really sell franchises. They award them after making sure the relationship with the potential franchisee is the right one. To say that we sell franchises sets up the wrong relationship, because that old saying, 'The customer is always right,' doesn't hold true here. Franchisees are our strategic business partners, but they can be wrong. We want them to be successful, and that makes us successful, too."

Squire has made his own choices about what's right for him. Determined to stay in his home state of Georgia, he let numerous promotions pass him by because they meant relocating. He was with Arby's, having reached the rank of group vice president and managing director of Arby's International, until 1991, when the company was sold and relocated to Florida.

He started his own consulting business, working with people he'd met along the way through the International Franchise Association (IFA). In 1993, he became senior vice president of franchise development for the Great American Cookie Company. But when that company was sold to an investment firm and then to Mrs. Field's Cookies in 1998, the dyed-in-the-wool southerner turned down a post at the company's headquarters that would have meant moving Salt Lake City.

Squire became a consultant and then the area developer for Georgia and North Florida for the Philly Connection, opening a couple of restaurants himself. "What I found is what I suspected: some people can make the switch from the franchisor side to franchisee, and some can't," he says. "I can't." He ended up selling in 2005 and joining HoneyBaked Ham. Mistake? Not really. His experience as a franchisee taught him a lot and adds to his credibility with potential franchisees, he says.

The most important lesson he's learned throughout his career? "Patience--which is really tough for salespeople," he says. "You don't want to fall asleep at the switch, but you need to be patient. For example, some of the best franchisees I've brought into systems took the longest to get started. You have to be patient enough to bring them along and answer their questions. It will pay off."

He also cautions franchisors and area developers to be straight when dealing with potential franchisees. "Full disclosure is important on the front end. The best surprise is no surprise," he says. The "values-driven" executive team at HoneyBaked Ham was one of the factors that impressed him enough to sign on. Another was the ham.

"The best thing for me about being at HoneyBaked Ham is that it's sort of back-to-the-future," he says. "In the ham business, people talk about HoneyBaked Ham with the same sort of reverence with which they talked about Arby's in the roast beef business in the '80s. At HoneyBaked, I have a terrific product I believe in, but most important, the company really does believe in doing the right things. They are not here to be the biggest, but always to be the best."

2) Follow your passion
Franchisees get into the business for a lot of reasons, including money and a certain lifestyle. But the question that Squire, who learned from role models such as Arthur Karp and Larry "Doc" Cohen, always asks candidates is this: Will you enjoy it?

"It's about 'Where's your passion? Where is the sweet spot?'" he says. "In franchising in this century, there are so many industries from which to choose. In the '80s, there were about 25 or 30 industries; now there are 80 or 90. I tell them to look at the IFA website, at all the opportunities there are, and choose something they can feel passionate about at the end of the day. I promise them that if they choose something they love, the problems won't do them in. If you're in for the money, but you're not enamored of the business, you're not going to be happy."

3) Get involved!
The franchisees HoneyBaked Ham is interested in are not necessarily people who want to slice ham, says Squire. "Customers are going to buy our ham. We want people who want to be engaged in the community, whether it's the Chamber of Commerce or the Rotary Club or university alumni activities. We like people who have been in business running companies 24/7, but have left that behind because they want time with their families and don't want to give up being a leader in the community."

It's also important to join professional organizations, he says. "The best way for people coming up to get involved in the franchise community is through the IFA and its committees. And I don't mean just going to meetings, but getting engaged in activities and committees as well as participating in activities of the local franchise community," says Squire, who is chairman of the Southeast Franchise Forum.

"I've learned so much from my peers. When I started at the IFA in the '80s, it was all about peer networking, which more than pays for the membership fees. This meant I was able to call a peer with another company and say, 'I'm having this problem. How do you handle that?' Today, the IFA is getting more involved in legislation, which is something we all need to know more about," he says.

4) Learn from your mistakes
Rich Wood, director of franchise development for Wingstop, was instrumental in getting food giants Chili's and Golden Corral off the ground. He learned a lot about franchising in the '80s, working on both the franchisor and franchisee side.

Wood also worked in franchise development for Canadian franchisor Boston Pizza, a full-service, casual dining concept that's a lot like Chili's. While Boston Pizza is a dominant brand in Canada, he says, it was tough opening units in the U.S. "We got deals done and had a good time doing it. However, the momentum was hard to maintain. I got worn out. People were resistant because they felt it was too expensive, required too much land, and no one had heard of it."

That experience gave him valuable knowledge he applies today. In retrospect, "I'd advise them to open some company stores in different markets to help establish the brand. They got away with not doing that in Canada, because people already knew about them. In the States, prospective franchisees were saying, 'Why don't you build it yourself?' It's scary when you're risking your life on something no one has ever heard of."

After that, he worked briefly with Popeye's Chicken & Biscuits, and was more than happy to sign on with Wingstop in Dallas. "The Wingstop scenario is so different [from Boston Pizza]. There's a low investment in real estate because a unit requires only a 1,500-square foot space, so it's a lot easier to do," he says. "Since the first of this year, there's been a lot of excitement and forward momentum, which was not the case when Popeye's was going public. With all the accounting problems they had in 1998 and 1999, it was not a fun place to work."

5) Polish your relationship building
The key to being a successful salesperson, Wood says, lies in forming relationships. "I try as quickly and as well as I can to develop relationships with the people I'm dealing with. That way, I understand their questions and can anticipate what their habits and business practices might be, and what kind of people they are," he says.

"Franchising is a system, and we're asking people to buy into our system. This is not for the creative entrepreneur. I recently had a prospect that seemed determined to add to what we do. All of his questions revolved around changing things--he wanted to add tables and chairs, to turn up the sound on the TVs. I told him that Wingstop is a 70 percent takeout business. We have TVs in the corners of the walls, but the sound is never on because we don't encourage people to sit around and drink like at Hooter's. Our system works for us, and it's a good, rewarding business."

His best advice on making sales? "It's not so much where you get your leads or what those leads are, but what you do with them," he says. "When you're dealing with a number of prospects, it's important to get in there and determine which are the most likely and the most consistent fit for the concept you're working with," he says. "Then you can start making a marriage between the company and the person or group."

Wood says his stint as a franchisee lends him credibility with prospects--and opened his eyes. When he worked for one system years ago, the franchisor compiled a list of lenders interested in lending to franchisees. "I used that list extensively in recruiting as a positive selling point for the business," he recalls.

But when he became a franchisee and pulled out the list, not one of the lenders would talk to him. "One guy finally said, 'We're not interested in lending to a startup.' And I said, 'Hey, there are 500 of these restaurants.' 'But you are a startup,' he told me."

Wood finally got a loan from the Small Business Administration. It took him a year, but he learned an invaluable lesson: "Don't take everything at face value--know what you're talking about."

And he isn't afraid to admit mistakes. "Sure, I've picked people who wanted to re-invent the wheel too much. And I've been with companies that didn't support their franchisees enough, especially in Mexico. Because of food costs, they needed more service. There, franchisees rely on cash they or their families have saved--they can't borrow money like we can. When their money is gone, it's gone, and they lose everything," he says. "I've learned from all these experiences."

6) Know what the next step is
Later in his career, back on the franchisor side, Wood used a reputable finance company and would even take a loan officer with him to speak with multi-unit prospects. "We wanted to put their minds at ease," he says. "There are two things a franchisee thinks of first: real estate and loan. If you make it easy for them to get over these first two hurdles, you've gone a long way toward getting them down the road to closing."

An "old dog" can learn new tricks, says Wood, who learned something vital to being successful in sales a few years ago from someone at Boston Pizza. "He taught me that it's really important--for both sides--to keep franchisees aware of the next steps. They should always know what's next, so there's no hidden curve coming down the road. Focus on what must happen chronologically, so that your prospect is clear that 'This is what I have to do next.' It's a fundamental part of moving the sales process along."

7) Market every way you can
Michael Dagen, founder and CEO of HouseWall Garage System in Miami, established his innovative company in 2004 and started franchising this past April. He already has eight units and is adding two to three more each month. His goal is to have 150 units at the end of 2009.

Dagen calls his company, which did $2.6 million in sales last year, "the Kleenex of garage systems" and wants to be just as popular. The market is there: in the U.S., 93 percent of homes have garages, and more than half of their owners say they plan to clean up and organize their garage space in the near future.

"Our company is a sales and marketing organization. What we have to sell is garage systems. If we were selling toilet paper, we'd be the same company," says the energetic Dagen, whose wife, Kim, came up with the concept that he implemented and made into a business.

He is a staunch believer in both grassroots efforts and traditional marketing. "We try to mix the two methods together," he says. For example, HouseWall partners with numerous professional sports teams.

"The Panthers are one of our teams, and, of course, it costs money to sponsor them. So what we do is this: when a customer gets a garage system, we throw a block party, open the garage up, air condition it. Panera Bread provides free food, Coke provides free beverages, and the Panthers come--for free--with masks and pennants. They get something and we get something. And prospective customers get inside the garage to see how it looks."

Sometimes people underestimate the importance of getting involved in the community and donating to charitable causes, he says. "When you do this, three things happen: One, you get publicity; two, you get the sale; and three, you're helping other people."

8) Never badmouth the competition
Dagen, who says he considers himself the ultimate salesman, has been in sales and marketing all his life. "I've done telemarketing, worked at Circuit City, sold shoes during the day when I was 15, and at night I worked at Burger King," he says. "I joined my father at his manufacturing company in 1990, where he was doing $300,000 to $400,000 in sales. By 1999, I brought things up to $27 million in sales."

He isn't sure that salespeople are "born not made" (although those who have met Rachel, his 7-year-old daughter and "co-CEO" may wonder about that). "I think they have to grow," says Dagen, who has a son, 10-year-old Aaron.

And in the process of growing, it's essential to avoid doing one thing, he adds. "I pride myself on telling the truth and I never, ever disparage the competition. It's not my style, and it always comes back to bite you. Our training manual and all our materials say that a person can lose his franchise if he disparages the competition. If he can't sell our product, he shouldn't be there."

9) Always be ready to learn
Dagen says he has confidence in abundance, but that doesn't make him a know-it-all. "One thing I don't have is ego. If someone says, 'Michael, listen, you should do this to help your business,' I do it," he says.

"I've learned that not having too much ego to listen to others allows you to grow faster. For example, I have a friend who is beyond wealthy. Last quarter, he and I went through our books to try and improve our margins. With his help, I was able to take our gross margins in a month and a half from 57 percent to 73 percent. If I hadn't listened to him, I'd have 20 percent less on the table. That's why I believe that once people realize they're not perfect, they can become better at what they do."

10) Be disciplined
Last fall, 16-year franchise development veteran Robert Stidham decided to start a company to serve what he perceives as a real need in the industry: experienced franchise salespeople. Today, as president of Franchise Dynamics, a "full-cycle" franchise sales outsourcing firm in Naperville, Ill., he's working with startup and existing brands to help them improve their franchising program. "Our focus is on adding value and helping our clients grow in the best manner possible," he says. (Franchise Dynamics is strategically aligned with the iFranchise Group, which has a financial investment in the company.)

Stidham, who has been with MRI Worldwide, Dunhill Staffing Systems, Oberweis Ice Cream and Dairy Stores, and Chem-Dry, a Home Depot company, has watched the explosive growth of the industry with great interest. That growth calls for increasingly sophisticated sales professionals, he says. But along with a higher level of business and sales skills, he says one trait is absolutely essential.

"One of the critical components of creating success is discipline. Successful franchise salespeople treat every prospective franchisee as a potential franchisee and customer of the system on that first call and, if the prospective franchise is qualified, throughout the process," he says.

"They follow up and respond to people as they say they will. They are honest in their communications. They need to be empathetic to the prospective franchisee and willing to say 'no' if they are not comfortable that this person is going to be a good fit in the organization and meet their business, financial, and personal lifestyle goals through the franchise."

In Stidham's opinion, no one starts out life as a sales whiz. "Good salespeople are generally strong communicators, empathetic, good businesspeople, smart, well-disciplined, highly organized, self-starters, and hard workers. They strive to constantly develop their sales skills and to learn about their industry," he says.

"Great salespeople are simply good salespeople who possess and can express a tremendous passion for the franchise concepts they represent and the people in their organizations," he says. "Franchising is a relationship sale, not a transactional one. The value added in the franchise sale is the ability of the franchise salesperson to create a relationship between the prospective franchisee and the franchise organization that can grow beyond the franchise purchase transaction."

Franchise sales are challenging for a variety of reasons, says Stidham: "We ask prospective franchisees to quit their jobs, give up the security of a steady paycheck, invest both themselves and their own money, and to follow their dreams. It can be very emotionally draining on both the prospective franchisee and the franchise salesperson."

Good franchise salespeople and sales managers are difficult to find--a fact made more challenging, says Stidham, by the growth of the franchise broker business, which has drawn away some of the best (and, unfortunately some of the worst) franchise salespeople. The problem, he says, is that many of these brokers have no franchising experience and so do not understand the emotional and interpersonal dynamics of franchising--something that can cause them to poorly represent a franchisor.

Stidham, who spent his "first career" in telecommunications, technology, and business consulting, agrees with Squire that the key to happiness in franchising sales or being a franchisee is to do something you love.

"The best advice I could give anyone is to choose something to sell that you use and believe in. Your passion will come through, and it will certainly add to your credibility in the sale," he says. "I was a regular Chem-Dry customer before I joined the company, used MRI services in my corporate career, still shop at Home Depot regularly, and love Oberweis Ice Cream. In each of these companies, I had the opportunity to work with terrific people, all of whom had a great passion for the product or service, their franchisees, and the brand."

Buy a Franchise or Start a Business?

2007-04-15T23:46:00.000+03:00

A franchise business is definitely the safer opportunity according to US Department of Commerce figures. This study carried out over 7 years revealed that after seven years, over 90% of new franchises are still in business, as compared to only 20% of individual new start-up businesses.
Most people, who do start a business by themselves, end up failing and losing a lot of money. I now that this is a sad fact, but it's true!

If you start a business on your own, you have to make all the decisions regarding location, layout of premises and find and vet all suppliers.

With a franchise business, the franchisor will advice you on all the above. In fact, you might even find that you are told where to locate your business, who your suppliers are and have some choice in pre designed layouts.

A franchise business provides you with the consistency and quality throughout the franchisors territory. This leads to higher levels of customer satisfaction. The franchisor provides full training and support in running the business. If a site is required, the franchisor will assist the franchisee in selecting a site that fulfils the demographic requirements of the product.

A business start up has to learn from trials and errors until they hit on a formula that works. They have no training or support in managing their business opportunity. If any thing does go wrong, and in most businesses, it does, then they have no one to turn to for advice. The advantage they have is that there is no one looking over their back, telling them what to do and how to run their business.

The franchisee benefits from national marketing which is spread out amongst all the franchisees, enhancing the economies of scale. New products can tested in certain territories before they are rolled out nationally.

A new business will have to trail any new products with their own capital and take the full brunt if the experiment fails!

The relationship between a franchisee and a franchisor is well balanced. Both parties need each other to survive and create a profit. Ongoing support and training is usually available for franchisees who are struggling. Due to the higher success rate, banks are inclined to lend a higher percentage of start up costs in a franchise business then they are to an independent start up. They are also more likely to give extra leeway when more funds are required.

If you have decided to go down the franchising route then it is important that you choose a franchise that is right for you. Don't just go for the opportunity that will make you the most money, instead, choose a business niche that you will enjoy.

Decide how much capital you have to invest, and then choose the franchise opportunity that best fits your lifestyle. Decide how many hours you want to work and how many employees you are capable of handling.

Once you have made up your mind to buy a franchise, always have a contingency fund as there are always unexpected costs that arise in the initial years of running a business.

If you decide to go it alone, make sure you speak to other people running the same type of business in other parts of the country and learn from their experience. You will find other businesses in the same field as you more then happy to part with their experience once they realise that you are not going to compete in their territory.

Make sure that you take professional advice before deciding to follow the franchising route or starting a business on your own.

Five Reasons to Invest in a Food Cart Franchise

2007-04-12T10:13:00.000+03:00

If you are thinking of starting your own business, especially in the restaurant industry, and your sole motive for doing so is do get out of the “I’m working for someone else” scenario and into the “I run a business” scenario, then you might consider an investment in a food cart franchise. A food cart franchise, if done carefully, can be your ticket to more time for you, your loved ones, and for those other projects that you want to focus on. Listed below are five reasons that you could consider a food cart franchise instead of starting your own restaurant.

Invest in a Food Cart Franchise: Reason #1: You Don’t Have to Write a Business Plan

Now, for some people, the challenge of writing a business plan is the best thing since sliced bread, but for others its like chewing on rocks. If you are the “chewing on rocks” type, then it might be safe to guess that investing in a food cart franchise, rather than a restaurant, would be the right choice for you.

Invest in a Food Cart Franchise: Reason #2: Less Expensive

A restaurant can cost a lot of money. One of the “guesstimates” that I found online1 was that if you think you will need about a million dollars you will most likely need more money—in the range of about a million and a half dollars! That price may seem a little steep, but from the information that I’ve read online, it seems that the restaurant industry has been known to throw a few curve balls.

A food cart franchise on the other hand is going to be much less expensive and will have few overhead costs. Talk to someone about a food cart franchise and see what you think.

Invest in a Food Cart Franchise: Reason #3: Mobility

A restaurant usually stays in place. A food cart franchise however can provide you with a wider range of territory because it is mobile! When you are looking for a food cart franchise, make sure that it is easily mobile and that you can serve your newfound products in a protected territory. Also, if you choose from a selection of ice cream franchise opportunities for example, you could find a variety of parks, sports arenas or street corners where some ice-cold goodness wouldn’t go unnoticed.

Invest in a Food Cart Franchise: Reason #4: The Décor

A well decorated restaurant can be an absolute haven for the starved spirit but the cost of a professional décor can be mind numbing. If you don’t want to face extensive debt or don’t want to lobby for venture financing, then you might consider a food cart franchise that has already been decorated. Look for a food cart franchise that provides a décor that you think goes well with the food item that the franchisor is offering. Make sure that once you turn the key to your food cart franchise, you are ready to sell your wares!

Invest in a Food Cart Franchise: Reason #5: The Menu

In a restaurant, a customer can usually choose from a fairly large menu which may be great for him or her, but can be stressful for you. The logistics of managing a restaurant are many and hiring the right staff to present the food the way you want it to be presented can be trying. With a food cart franchise, you can simplify your offerings a great deal. For example, look for a franchisor who will provide you with all the food products that you will require. That way you won’t have to deal with vendors. Also, look for products that are easy to serve. Ice cream, once again, is a very easy product for anyone to serve. You could hire a young teen or two and give them a little work experience and some time in the sun while you have more time for other ventures.

No matter what food cart franchise you are interested in, make sure to research it well and talk to others who are involved in the franchise.

Happy franchising!

Tacomio

2007-04-12T10:04:00.000+03:00

TACOMIO® is a Mexican quick - service outlet that serves hot, delicious and fresh food right in front of the customer.
At TACOMIO® , we never start the meal without the customer. Our food is always made to order.

A TACOMIO® cart offers a wide menu, which includes all-meat burritos, quesadillas, soft tacos, nachos, taco salads, and Mexican pizzas.

At TACOMIO® - We are fast. We are fresh. We are healthy.

Branches:
SM City North EDSA
SM Megamall
Festival Supermall Alabang
Robinson's Place Manila
SM City Batangas
DLSU Dasmarinas Cavite
Ateneo College Cafeteria Katipunan

Areas open for franchise: Greenhills, Makati, Alabang, Manila, Cubao, Marikina, Baguio, Bulacan, Pampanga, Cavite, Alabang, Paranaque, Sucat, Batangas, Cebu, Nueva Ecija, Bataan, Olongapo, Davao, Cagayan de Oro, and other provinces
Franchise Fee: P100,000 (franchise fee only)
Contact: Ms. Leni T. Adriano
Telefax 433-0439
E-mail: leni@pacific.net.ph
tacomio2001@yahoo.com
Website: www.tacomio.com

Steak MD

2007-04-12T10:00:00.000+03:00

The love for steak inspired Monibel T. Dychiao to conceptualize a unique dining experience in 2004. Growing up with steak as a comfort food, Monibel thought of putting a restaurant where she could share her passion in preparing and eating tender, juicy but affordable steak, thus the birth of MTD Meating Experience Corp. more popularly known as STEAK MD.

Our name is Steak MD because we would want to be known as steak doctors. Steak MD is a place where we cure one’s hunger for steak. In Steak MD we push the experience further by giving you a choice of the taste you are craving for through the process of “rubbing”. In Steak MD, you can choose from our rubs namely, Rub Ko To, Ang Cha-Rub, Heart Rub, Atomic Rub and Build Me Up Butter Rub. The flavors of these rubs could be sweet, spicy, garlicky, hot, or even buttery. With its affordable price, all would enjoy steaks and that is keeping true to its company’s mission.

Areas open for franchise: Call
Franchise Fee: Call
Contact: Monibel Tabora-Dychiao
Tel/Fax No. 448-7845
email: steakmd@gmail.com

Sonyda Ichi-ban

2007-04-12T08:40:00.000+03:00

Kikiam, squid balls and gulaman. Sonyda brought these popular street food items into the shopping malls and supermarkets and gave this unique selection of food snacks a touch of class. By maintaining affordability without sacrificing product quality, Sonyda has gone a long way with over 70 outlets and 12 years of success.

Branches: 70+ outlets
Areas open for franchise: Call
Franchise Fee: Call
Contact: Marco Reyes
Tel. 826-6324 Telefax: 826-6320 email: marreyes@info.com.ph

Royal Caribbean Jamaican Patties

2007-04-11T17:39:00.000+03:00

Royal Caribbean Jamaican Patties carries the fast-selling freshly baked Jamaican Patties and the complementary special blend of great tasting drinks. Enjoyed & frequented by food enthusiasts, students, teenagers, working people, & parents, Royal Caribbean Jamaican Patties has become a favorite of all who have tried it. Customers from all ages keep coming back - they simply love the taste of Jamaica!

Since the time it opened six years ago, Royal Caribbean Jamaican Patties has fast become a favorite of all who have tried it. It has grown to over twenty shops & available in more than 30 other locations within & outside Metro Manila.

Royal Caribbean Jamaican Patties are meaty filling Jamaican snacks that are made from high quality ingredients. Its crust is unique & has a different flakiness that literally melts in one's mouth. As they are always freshly baked to perfection, Royal Caribbean Jamaican Patties serves you the finest Jamaican Patties.

Experience the Finest Jamaican Patties!

Get Tropical! Get Jamaican! Go Royal Caribbean!

Areas open for franchise: Call
Franchise Fee: Call
Contact: Wool Reyes, Vice-President
Tel. (632) 842-5680 Telefax (632) 772-1941 email info@royalcaribbean.com.ph Website: www.royalcaribbean.com.ph

Franchise Business - Frequently Asked Questions

2007-04-11T17:31:00.000+03:00

In this article I cover the most frequently asked question about the franchise industry, the opportunity costs, and my responses to the question posed.

Question: What is franchising?

Answer: Franchising is where you buy the rights to a business concept, trademarks & know how. In return you pay a franchise fee and a percentage of your profits.

Question: What is a franchise?

Answer: A franchise is, in its simplest terms, an agreement between the franchisor and the franchisee, whereby the franchisee has the rights to use the logos and trademarks of the franchisor and the ability to market the franchisors products. Both parties commit to a legal agreement which protects both their interests. The franchisee usually pays an initial franchise fee and ongoing royalty payments.

Question: Is it better to buy a franchise opportunity or start my own business?

Answer: Based on the surveys carried out by the US Department of Commerce & NatWest/BFA, the majority of franchisees are still trading profitably after five years. Everyone knows that the majority of people who start out in business on their own, I am sad to say, end up failing within the first three years. When you buy a franchise business, in return for a franchise fee, you receive training and ongoing support. You also benefit from the knowledge that the franchisor has picked up over many years.

Question: How much does a franchise business cost?

Answer: There are no fixed prices for a franchise opportunity. Depending on your budget there are franchises to suit most people ranging from only a few thousand, to over a million.

Question: What's the first step to buying a franchiser?

Answer: Do a search on the internet for the following: "franchise", "business franchise" & "franchise opportunity". You will find a wealth of material on the internet. You can also buy magazines that specialise in franchises and of course, you should attend franchise exhibitions where you can meet the franchisors or their agents and ask questions. At the exhibitions, in some cases you will also be able to touch and feel the products that form the cornerstone of the franchise!

Question: How do I raise the funds required to buy the franchise?

Answer: Most banks have special units set up to help potential franchisees. In many cases the franchisor has done the hard work for you and arranged special terms with lending institutions.

Question: Which franchise is right for me?

Answer: The best franchise for you is not necessarily the business that makes the most money! Buy a franchise which suits your lifestyle and is interesting to you. If you like the products that you are marketing, then you are much more likely to enjoy your work!

Question: Can I sell my business when I want to move on?

Answer: If your franchise business is trading profitably, then you should be able to sell it like any other business. Your franchise agreement will go into detail the processes that are involved in selling the business. Unfortunately, if your business is not making a profit, then it will be difficult to find a buyer.

Finally, always take legal advice before signing any franchise agreement. Your lawyer has to ensure that the agreement is fair for both parties. Your accountant will help in evaluating the profit potential of the franchise opportunity.

Tips On Running A Successful Franchise

2007-04-11T17:26:00.000+03:00

The key to running a successful franchise is all about having the right outlook and following some straightforward steps.

Choosing the right franchiser

- Part of it comes down to choosing an established company with a proven track record and a good reputation. - It is also important that it belongs to an association and run its business in accordance with the best practices laid down by the law guide. - Maintain a good working relationship with your franchiser. - Communication should be both ways, to and from your franchiser. - Communication should be regular and any advice given acted upon. - Whatever issue you may be encountering, you can guarantee, someone somewhere has already faced a similar situation and your franchiser will be able to assist you. Use your franchiser’s experience rather than learn the hard way! - That is why you have joined a franchise and not gone out on your own.

Monitor cash flow

- Keep referring back to your business plan and review the situation in relation to your forecasts and projections. - Believe the figures (they don’t lie) and use them to make informed decisions about your business. - It is important not to underestimate the working capital that is required to run the business day-to-day while it is growing. - Problems with cash flow can be mistaken for poor profitability especially in the early days, but careful planning and monitoring will prevent unpleasant surprises.

Market your business

- There are a lot of myths about marketing. The plain fact is there is no better to market your business than yourself. - Use the passion you have for your product or service to talk to people face-to-face. Enthusiasm is contagious and you will be more successful. - However, remember to monitor the results of any marketing activity. - You do not want to waste your money in the future if a campaign has not returned your investment.

Good time management is critical

- Time is now hard currency and you need to spend it wisely. Discipline, planning and flexibility are the keys to success when it comes to time management. - It is too easy to become distracted when you are working for yourself with no one to report to. - Time spent planning and preparing saves time in the long run and will increase your efficiency. - Be flexible and regularly challenge every task associated with running your business.

Keep up to date with paperwork

- Little and after is the key. Do not attempt to do all your paperwork for the month in one day. - Not only does this become a terrible chore but by the end of the day you are more likely to be tired and make mistakes. In addition, where possible invest in IT and increase your computer skills so that you can make full use of the accounts systems available. Of course don’t forget to back up your system on a regular basis.

Know your strengths and weaknesses

- It is important you recognize your own strengths and weak-nesses. Use them to your advantage. - If you really are dreadful at managing one aspect of your business employ someone to manage it for you. Your time will be better and more productively spent on working with the elements of running your franchise that you are good at and enjoy.

Reward yourself

- The responsibility of running the business down to your and that includes the responsibility for rewarding your self when things go well. - Set your self a goal and when you achieve it be sure to congratulate yourself. You would do it for an employee so why not do it for yourself?

The chances are you made the decision to take on a franchise because you wanted to enjoy what you are doing more than you were previously. Yes, it does require hard work, commitment, determination and business, go out, enjoy overcoming the challenges and above all don’t lose your sense of humor. Have fun!

Reyes Barbecue

2007-04-11T14:38:00.000+03:00

Reyes Barbecue is a food stall chain in mall food courts offering pork, chicken and seafood barbecues using the famous Reyes family heritage and quality standards at fast-food prices. We have become the only benchmark and therefore the preferred barbecue brand in the market today. The company started in 1993 with 2 branches and at present has 4 company owned outlets and 7 franchisees with more opening soon. The Reyes Barbecue franchise is anchored on our reputable brand and image. It has a focused simple menu that has been perfected by four generations. The clan pioneered the best food combination majority of Manilans grew up with - barbecue with java rice, peanut sauce and atchara. We offer a total support package that will provide all the necessary tools and guidance to run your franchise smoothly.

Areas open for franchise: Call
Franchise Fee: Call
Contact: Edgardo C. Arriola
Telefax 725-7502
email: reyesbarbecue_op@yahoo.com

Popoy's Grill

2007-04-11T14:36:00.000+03:00

POPOY’S GRILL, INC. is a stand-alone outlet that exclusively sells a wide range of dirt free and mouth-watering All Original Filipino Grilled Street Foods with reasonable cost to the consumers. Intending for market leadership in the grilled industry, POPOY’S GRILL gears up for further growth via ambitious expansion program through POPOY’S GRILL Franchise System.

POPOY’S GRILL was established in a simple stall in the heart of Concepcion 1, Marikina City. The store become well-liked for its traditional and famous Filipino Grilled Foods and at present, POPOY’S GRILL company-owned and franchise-owned branches are found nationwide, providing luscious grilled foods with its unique and efficient customer service to Filipinos from Luzon to Visayas and Mindanao.

Areas open for franchise: Call
Franchise Fee: Call
Contact: Jhun Pastor
Telephone Nos. : (02) 927-0463 / (02) 927-6175
Fax No. : (02) 927-0463
email: popoysgrill@lycos.com

PICK & MIX by: Candy Mix

2007-04-09T16:30:00.000+03:00

Pick & Mix is the first candy specialty store in the country. It introduced the idea of selling candies by weight through the pick and mix basis. Developed the concept of candy with toys as a result of their continuing product development and sourcing of imported candies.
In 2003, the company started to offer its franchise opportunities to entrepreneurs and looking forward to open new franchised outlets from key cities of Visayas and Mindanao.

Now on its 10th year, Pick & Mix introduces its newest product line – CANDY BOUQUET available on on-line ordering.

Pick & Mix is designed to make the choice of candies a fun and exciting experience through INNOVATION.

Areas open for franchise: Metro Manila, Luzon, Visayas, and key cities in Mindanao
Franchise Fee: Candy Stand - P190,000 Candy Cart - P330,000 (Investment Package)
Contact: Cecil B. Avito, Franchise Assistant
Tels. 643-3490 Telefax 628-2298 email: candymix_96@yahoo.com

Making your Franchise Business work

2007-04-09T16:19:00.000+03:00

Buying a Franchise Business is not a get rich quick scheme. You have found the right opportunity, analysed the viability of the business, met the franchisor and signed the franchise agreement. Now the hard work begins.

The first year of managing your franchise business is often the hardest. This is when you will learn the core skills that are required to making your business opportunity successful. In the process you will also find out more about your own strengths and weaknesses.

Before you start any business the first question you should ask yourself is are you prepared for hard work? Unlike employment, you will have to be ready to deal with problems when and wherever they arise.

Are you ready to learn new skills? The franchisor will have provided you with initial training that all the franchisees need. Usually your training does not end there. Once you start running your business you will uncover gaps in your skills which need further training. It is imperative that you plug these gaps as soon as possible.

Remember that the franchisor wants you to succeed. Bearing this in mind it is important that you discuss your successes & problems with them on an ongoing basis. This will help to keep communication lines open and help you to deal with problems as they arise.

Keep in touch with other franchisees so that you can benefit from their knowledge which has been acquired through actually running the business. They will help you to avoid a lot of standard mistakes and guide you through most of the common problems that arise when running your business for the first time. It is generally a good idea to have a franchise buddy who has been running the franchise for many years as well as keeping in close touch with somebody who started just the same time as you.

You should make regular adjustments to your business plan as live numbers take over from projections. This will help you to budget accordingly. Keeping tight controls over your outlays is just as important as monitoring and enhancing sales.

Once you have started making money a new process begins. Now you have to decide how you want to proceed. Is it easier to increase business with your current franchise or is it now the time that you thought about buying another franchise?

Do your employees need further training? Well trained workers are the key to growing your business. Who knows, once you have well trained staff, you might not be needed at all to manage your business! One very important point to bear in mind is that if a member of staff is not right for the job, then it is important that you replace them immediately. You do not want to waste any time training the wrong people.

If you are happy with your current level of earnings then it is perhaps better to focus on managing your business more professionally so that you eke out the last bit of profit from the venture. Systemize everything that needs doing more than once and then…

Learn to delegate. I repeat, learn to delegate. Most new business owners are uncomfortable with giving orders. This is now your business and you are in charge. Your staff will respect you more if you manage your business correctly.

If you follow the above principals then you should be on the path to having a really successful business.

Why do some Franchise Businesses Fail?

2007-04-09T16:05:00.000+03:00

Buying a franchise business is supposed to be the least risk way to start a business. But is owning a franchise guaranteed to make you money? Not necessarily. The truth is that some business franchises are extremely hard work especially in the fast food industry.

Most people know about the franchise industry due to the fast food franchises that specialise in providing the same quality of food all over the world. They guarantee the same eating experience irrespective of where in the world you buy a meal.

Think about it, in the food industry, you have to open your business in time for breakfast and stay open until late evening. Most fast food franchise owners can easily work a 12 hour day. They can also forget about weekends off as this is the busiest time for sales! This business would only suit somebody who is prepared to work hard for at least 60 to 70 hours a week!

The people who joined the fast food industry in the early days by buying a franchise opportunity have done remarkably well. Now, in many areas, this market is saturated with many different franchises trying to compete for your food money. They range from sandwich shops, coffee houses, burger joints, fried chicken outlets, donut establishments and pizza stores.

As the rates and rents for high street premises have risen in value, the cost of a meal in these fast food franchises have actually fallen when you take inflation into account. This has meant that overheads have risen whilst income streams have dipped. It is now harder then ever to make serious money with a fast food franchise opportunity.

To compete in this ever burgeoning market place, fast food franchisors are now demanding very expensive shop fittings so that the business can be highly visible and comfortable for the customers. They are also offering regular special offers which are often sold at near cost price, making their franchisees next to no money and generating a lot more work.

Another problem for franchise owners is the regular franchise fees that have to be paid to the franchisor. These combined with huge staffing costs and high rentals can all add up to reduce the profitability of the business model.

In recent times the market has become even more competitive with supermarkets now entering the fast food business. Many supermarkets are open 24 hours a day and you can pop in and buy decent food extremely cheaply. They have fast food counters where you can buy fried or roasted chicken, pizzas (made with your own choice of toppings), curries and salads without making a huge dent in your pocket.

Supermarkets also have another weapon in their armoury. With the advance in food preparation techniques and improvements in packaging, cheap ready made meals combined with the falling costs of microwaves mean that some families never need to go near a fast food franchise, even if they do not like to cook.

Even fuel stations have entered the fast food industry. Many outlets now sell meals that you can microwave in minutes after filling up fuel.

The final problem in the fast food industry has been the improvements in food quality and hygiene being demanded by the ever increasing health and food regulations which are designed to protect us from undercooked, stale or contaminated food. Anybody serving food now has to keep extensive records and maintain the food storage areas to precise temperatures. Fresh ingredients, if not used by a certain date have often got to be chucked away. This leads to wastage especially in foods like salad which do not have a high shelf life.

Taking all the above into account, the market is now extremely competitive and in some areas totally saturated. Be very careful if you are deciding to buy a fast food franchise opportunity and do your homework carefully. Make sure you take proper business advice from your accountant and franchise lawyer.

Mr. Softy

2007-04-09T15:36:00.000+03:00

Areas open for franchise: Call
Franchise Fee: Call
Contact:
Telefax: 998-2114/ 998-2077/ 941-8163
email: mrsoftyphil@Hotmail.com
Website: www. mrsoftyicecream.com

Don't start it, buy it!

2007-04-09T15:04:00.000+03:00

Why should you buy a business versus starting your own? Here are ten solid reasons:

1) The success rate for businesses purchased is much higher than the success rate for a new business startup. Just ask your accountant.

2) An established customer base means immediate cash flow! Enough said.

3) It is much easier to find capital to buy an existing business than to start a new one. Why? See reason #2 above. Bankers are not dumb. They know the statistics. Bankers are much more willing to lend money when there is an identified source of repayment already in place.

4) Many sellers are willing to carry-back financing at very reasonable terms. Why? For income tax reasons. They would prefer to defer any gain over a longer period versus taking a gain all at once. And if a seller is willing to carry back any part of the purchase price, it tells you the seller believes that the business will continue to succeed under your management.

5) Projections for a startup are nothing more than an educated guess. Projections for existing businesses for sale are based on historical results. Which is more reliable?

6) Startups always, I repeat, ALWAYS cost more to start than expected. For the money you will end up spending to start that new business (which may or not succeed) you could have probably purchased an existing business with immediate cash flow.

7) You may actually need to come up with less cash for your down payment plus working capital when you buy an existing business than you would need if you started your own business. Why? With owner carry financing and a performing track record, your existing business purchase is very bankable. A new startup is not very bankable. The cash required to get the new business to a cash flow positive is unknown. And it eats cash.

8) An established web site presence. Although each business will vary, most businesses rely to some extent on a business web site. The longer a web site has been established, and the more traffic that web site receives, the more value search engines place on that site. This is important as your web site ranking determines your placement in search engine results. In other words, building a new web site is not enough. Customers still need to find it. A quality, established web site can be a real asset, something that a new startup will not have.

9) Many businesses listed for sale are actually very fairly priced. One can often find a business for sale that will sell for three to four times cash flow. Think about it. Four times cash flow equates to a 25% annual cash return on investment. 25% will usually cover all debt service and still leave a decent return for the investor.

10) Less brain damage. Just ask anyone who has been "wrung through the wringer" by starting their own business. Always wondering if customers would really come.

Think about it. It really is a pretty easy decision.

Mr. Frosty

2007-04-07T16:35:00.000+03:00

Mr. Frosty is the place for good food at reasonable prices, an institution in Angeles City for the past 20+ years. Customer service is very personalized, with customers feeling that they are at home when they dine at any Mr. Frosty branch.

Branches: 5
Areas open for franchise: Call
Franchise Fee: P1 - 1.5 million
Contact: Miriam O. Rush, CEO/Owner or Olive Puno, Franchising Officer
Tel. (045) 332-1118 / 625-9232 or 99 Fax (045) 892-2422 email: frosty@mozcom.com
Website: www.misterfrosty.com

Six "Must Haves" for Buying a Franchise

2007-04-07T16:17:00.000+03:00

We all know that buying a franchise is a great way to start a new business. Yes it's true that the initial cost of a franchise is generally more than any non-franchised new business. It makes sense that a franchisor would need to be rewarded, both initially and on an ongoing basis, for their training, assistance, consultation, and guidance. And, remember, the franchisor is allowing you to use their proven business model for your own personal gain.

But generally, in the long run a franchise can be much less costly to start and grow than a non-franchised business due to operating efficiencies, defined processes, and the advertising clout that the franchise name carries. Furthermore, many studies have shown that the success rate of a new franchise five years down the road will far exceed that of any new non-franchised business.

So even though franchises are a great way to start a new business, there is still that level of uncertainty that hovers over any new business venture. Is it really worth taking the risk?

Yes – if you have the following six characteristics:

1) Time. If you thought you were working a lot of hours at your regular 40 hour per week job, be prepared to commit a tremendous amount of time to your new venture. You may have to miss little Joey's soccer games.

2) Energy. Not only will you have to commit the time necessary, your energy level will need to be at peak level all day. You will be busy. And you will need to set an example for others. Can you do it?

3) Resources. You will need to surround yourself with good quality people. Management, staff, accountants, attorneys, vendors, suppliers, human resources, etc. Systems and procedures will need to be established. And you will likely need a premium location for your business.

4) Skills. Do you really know what you are doing? Is your new franchise relative to your prior work experience? Do you know the industry inside and out? You should.

5) Capital. Everything... I repeat... everything costs more money than you expect. Do you have the necessary capital to get the company off the ground? Do you have the necessary working capital? Do you have the resources to raise additional capital when needed down the road (note that I said "when", not "if"). As a rule of thumb, try to predict all of the capital that you will need. Then, when you are done, double it. And do not rely entirely on the franchisor to tell you how much capital will be needed.

6) Desire. The most important characteristic of all. Is this really what you want to do? This is a financial but more importantly a life changing decision. It is not a decision where you can easily change your mind once you get started. Most likely it is a decision that will affect your life 10, 15, or 20 years down the road. Talk to others around you; your spouse, your kids, your friends. Make sure everyone is on board. Do you have the passion?

So if you want to buy a franchise, then welcome my friend. I hope you will find the perfect match. And, if you can pass the test above, then you will likely succeed. Good luck!

More Balls Food Station

2007-04-06T22:15:00.000+03:00

MORE BALLS FOOD STATION was founded by Vicente G। Gatbunton। It provides ready-to-eat products such as dimsum and seafood balls, popularly known as squid balls, shrimp balls, fish balls, crab balls, chicken balls for a quick snack or a meal by itself to satisfy cravings of the discriminating taste। This makes MORE BALLS FOOD STATION different from the rest because it is a combination of dimsum and seafood balls.

MORE BALLS FOOD STATION’s prices are very competitive and affordable and it provides more pieces per serving. Thereby, the consumer gets more value for his/her money. The Company’s philosophy behind More Balls Food Station is to cater to all Filipinos an affordable delicious, clean fast food. And for the business minded Filipinos, it offers them an attainable profitable business opportunity to become a franchisee of More Balls Food Station with fast return of their investment.

Areas open for franchise: Call
Franchise Fee: Call
Contact: Mr. Vicente G. Gatbunton, President, at 0916-435-2489 or
Ms. Charlene R. Chua, Manager, Franchise Division at 0915-201-5930
email: moreballs6751@yahoo.com

JM Peanutworld

2007-04-06T22:12:00.000+03:00

n 1995, while Ms Josephine Co See was assisting her mother in law, she noticed a cart selling peantus. She saw the cart but her attention was focused on the number of customers buying peanuts. That intersest pushed her to do research and plan her own cart operations. She saw the business potential in peanut cart operations.

After a year of working on the concepts, she opened her first cart in 1996 in Grand Central under the name JM Nuts and Hot Castanas. Encouraged by the performance of the first cart, Ms. Co See applied with the SM Malls. She was requested to change her cart name thus JM Peanut World Etc. was born. From then on, JM Peanut World Carts were opened in various SM Malls. TO date, it has a total of seven branches.

Areas open for franchise: Call
Franchise Fee: Call
Contact: Josephine Co See
Telefax (63 2) 743-8853
email: jmpeanut_world@yahoo.com

Goto King (Cater King Food Corp.)

2007-04-06T22:03:00.000+03:00

Goto King traces its beginnings to a goto, lugao and tokwa't baboy food cart inside the SM Cubao foodcourt. Set up in 1984 in response to a need for food that was filling yet affordably priced, Goto King bravely pioneered an untested concept that has now spawned 36 successful outlets nationwide. Part of its success can be attributed to its broadened menu which include a variety of Filipino fastfood meals, and to its franchising efforts which began in 1994. Goto King offers 4 types of franchises: stand-alone, foodcourt, kiosk and cart.

Areas open for franchise: Key Cities / Towns nationwide
Fees: P800,000 - P4.5 million
Contact: Deus L. dela Cruz, Business Dev't. Officer
Tel. 922-3206 / 928-9716 loc. 14 Fax 922-3206 email: momros@vasia.com
Website: www.gotoking.com

Fruit Magic

2007-04-06T12:54:00.000+03:00

Fruit Magic Co., Inc. is currently enjoying its popularity as the leading source of the freshest fruit juices and concoctions in the country. However, many still wonder how this store that gave us that bud-tickling smoothies, refreshing shakes and nutritious juices come about? Was it really magic?
It was in 1993 when the Hernandez and Escalona families, with the advice of their friends from the medical field, shifted to healthy living. This includes an all-natural healthy diet, free from preservatives and chemicals. It was almost impossible since only colas and artificial juice drinks flooded every restaurant and food stores. The real goodness of fresh drinks was nowhere to be found. To solve this problem and to make it available to others with the same need, the two families created a store that we now know as Fruit Magic!

Fruit Magic instantly became a hit by simply offering a healthy alternative to softdrinks and other artificially made beverages. News hit the mall circuit and two additional stores followed - The Glorietta and Landmark branches. In 1999, Dr. Alan Escalona, a doctor within the family and a businessman by profession took Fruit Magic into higher ground, changing the simple fruit juicing service to a mainstream fresh fruit juice brand. It was a success. Fruit Magic is now enjoying its 11 fruitful years in the country. True to its slogan, "We only juice Fresh"; Fruit Magic guarantees only the freshest and the best fruit juices and concoctions in the land. Soon, you can be assured that there will be more Fruit Magic stores and a lot of fun fruit combinations to choose from!

At this point, Fruit Magic Co., Inc. is proud to say that we were able expanded the business and establish commanding presence and dominance in the industry with around 29 stores that are strategically located and operating within and outside Metro Manila. Before the end of November of this year, the very first Fruit Magic store in the Visayas will rise and eventually expands in the neighboring cities and provinces, catering and reaching out to the growing number of health conscious market in the region.

Indeed our success was no magic! It all began with fresh ideas dash with integrity, dedication and hardwork. All pure, all fresh. Just like our products.

Branches: 29
Areas open for franchise: Call
Franchise Fee: Call
Contact: Tel. (632) 364-6927, 364-3621
Telefax: (632) 364-2934 email:contact@fruitmagic.com.ph
Website: http://www.fruitmagic.com.ph

Type rest of the post here

A Franchise Opportunity - to Buy or Not to Buy?

2007-04-06T12:46:00.000+03:00

Aspiring franchisees often find themselves in the situation of having plenty funds, not wanting to work for somebody else, but lacking basic business skills to start a business on their own.
What exactly is a franchise?

The word is used to refer to a business that utilises the logo, name and operation systems providing that they come up with the required funds and are prepared to give the parent company a share of the profits.

Just like any other business there are positives and negatives –the future depends on several factors.

A franchise enables on to hit the ground running - it removes a great deal of the work in simply getting an idea from the head to the planning board to a functioning project.

On the downside franchise fees are usually high - this is the burden of being spoon-fed an entire business - along with this comes the necessity to have sufficient funds laid aside. It could be argued that without sufficient funds the simple act of purchasing a franchise could well be deemed as a burden.

Arguing against that, a franchise has lower risks than a brand new product irrespective of how good the product is. While it is speculation as to whether or not a new business will succeed or fail, one can see the record of the parent company on which to base his/her views.

On the other side, one that owns a franchise must abide by the rules of the parent company-this can have the effect of stifling creative or entrepreneurial thoughts, and as such may inhibit the exploration or challenge of your creativity.

So what affects the success of a franchise?

The type and success of a business-it is important not to franchise from any company but to have a look at the particular success the company is having; also important is to look at the longevity of the company and its product range.

Some franchises require the franchisee to have special qualifications, skills or knowledge of a certain field.

Time and management skills are obviously needed ,thus if one is not willing to spend sufficient time managing the business then it is important to have reliable, dependable and trustworthy people to front the business-could you rely on someone to ensure that your business.

There are many other factors that can and do affect the future of a franchise; however it is essential to make sure that the franchise is really what one wants.

When one examines the possibility of a franchise it is important to take into account of essential factors such as availability of capital, the possibility of hurdles, how many hours are available to spend on the business, the back-up support available in the event of problems etc.

If these factors are all in place and the fundamental examinations have been taken care of then it can most certainly be a good career option.

Fruitas

2007-04-05T16:39:00.000+03:00

Fruitas Fresh From Babot’s Farm is all about fresh fruit juices and shakes, being done3 while you wait - hence without preservatives and at very affordable prices. The first cart started juicing on February 01, 2003 at SM Manila and now has 100 outlets nationwide. Some are located at SM Malls, Festival Malls, Robison’s Malls, Ever Gotesco Malls and other Malls outside Metro Manila Area.

Areas open for franchise: Call
Franchise Fee: Call
Contact: Bambi Reyes
Tel No. (632) 731-8886 / 731-9178 / 413-7458
Fax No. (632) 731-9178 / 712-8361
email: lushent@yahoo.com