The Advantages of Franchising
| Posted by Valerie Tort in Business Tips,Franchise Opportunities,Money Tips on 4th July 2007 |
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By Valerie Tort
Franchising is a way to maximize profits in less time. Franchising is the growing trend in the Philippine business industry. Fast food chains, bakeshops, and even clothing lines are part of the rising franchise business popularity in the country.
Franchise business is another option for those who would like to convert and expand their small-scale business into a large-scale industry. Franchise system may be hard on the budget at first due to the franchise fee and the percentage of royalties the company gets but as the business continues, the entrepreneur would understand why franchising is more profitable and successful than establishing his own business. Here are some reasons why:
1. Mistakes will be avoided in the operation and management of the business because the franchisor’s formula is tested through years of experience.
2. The company the entrepreneur wants to join provides a detailed and hands-on training of managing, operating, and marketing your business. The idea in franchising (franchise fee) is buying the idea and management style of the large-scale company and using the tried and tested management in your own business venture.
You are likely to succeed in your business provided that the businessman takes small steps and huge amounts of time in learning the operation of the business.
3. Since you are under one roof, the incentive of advertising and development of the product is also the franchisee’s benefit. This is another support system in franchising. Less problems and hassle in promoting your business from the time you have acquired your franchise. The mother company will be the one to take care of it.
4. In franchising, the risk of losing big is lessened. Supplies and equipment to be used in the business is purchased at a lower cost since the company orders it in bulk to trusted suppliers and manufacturers. The franchising company can also negotiate better rates in terms of the materials needed for the sustenance of the franchise business branches.
5. The benefit does not only include the monetary gains but also extends to the reputation and trust it built to its customers. The customer will likely to purchase your product more than its counterparts since the customers already know what kinds of products are offered, the quality of the product, the service of the crewmen, and the instant recall it generates in the minds of the clients.
The clients are more likely to deal with a business they know and which expands rapidly rather that create transactions with the company they are not sure of and heard not even once.
6. If problems arise with the franchise, the company is there to assist and rescue from time to time. The assistance will always be available because the whole company would be affected if small problems will eventually lead to greater dilemmas.
7. Secured locations and defined territories are guaranteed in the franchising industry to lessen the competition of the same company and to enjoy maximum profits. This is another surefire way to dominate a specific location and optimize later on for expansion.
8. Trade secrets, ingredients, recipes, etc. are shared with the franchisees together with its established brand name. This ensures that every branch complies with the specific standards of the company.
These are only some of the advantages of franchising a business. Remember that the success of the business also depends of the entrepreneur because he is the one who will be working for the future success of his business venture.
Tags: Franchising Tips, Philippine Franchise, Philippine Business
About Valerie Tort:
89 Responses to “The Advantages of Franchising”
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hi..i’m planning to franchise mister donut..ask ko lang magkano pag nagfranchise ka…thanks
just want to share,… may disadvantage din ang franchising, like,- sometimes kc may mga franchisor na they are requiring their franchisee to pay them yearly a percentage of sales of the franchisee’s business. For instance, the franchisor would be getting 5% of your gross sales or whatever rate written in the contract.
Grabe, sa iyo na nga ung business e, parang kumukupit pa ung franchisor sa yearly income mo.
So, whenever we do something, we should not only focus to the advantages, but also consider the disadvantages.
hello, im planning to have a business, i want to franchise red ribbon bakeshop in our place, may i ask how much the franchise fee.thank you very much
Good morning. Balak ko mag franchise ng red ribbon bakeshop. May i know how how much is the franchise fee and how to apply for it. Thanks
Hello, I am still learning the steps in franchising business and I think I landed on the right track. I hope you wouldn’t mind me asking questions. My questions are:
1. At what level will you be when you also receive a royalty commission/bonus? (is that what you call it?)
2. Is franchising has some MLM style/approach?
3. Does franchising business ask for the franchsingfee upfront or they also give you at least 3months to operate etc.
Thank you.
Hi…I’m an overseas worker wish to start a business around the vicinity of Los Banos, Pila and even in Calamba, Laguna. What do you think the best product or franchise business viable on this location? How much it would cost me to join franchising business? Pls advice.
Thank you.
i am looking for a good product that suites my place here in ormoc city. can you help me.
Hi! Im planning to franchise a pharmacy can you help me to find one. My proposed location is in Tanay, Rizal with 32 sq.meter floor area beside SM Tanay.
Please help me!
Thank you! and God bless!
Good day everyone…
I’d be glad if someone would tell me on how am I going to franchise “Mr.Softee”?
Hi, I am planning to franchise a pharmacy here in our place in Imus, cavite. Can you give me an idea on how much is the franchising fee and the requirements that I need to comply..Thanks…
hi im john christopher and im an ofw…im planning to franchise something in tagbilaran city, bohol but im stil confused coz theres no sm yet here…i think its an advantage but i stil have no idea wat product or establishment to franchise…i earn 80k to 120k a month…
please help me…
Good day!! May I know how much would it be if i plan to franchise a gasoline station, say for example ” flying V”? Would my 5M be enough?
Hi Chariz, P5M is too short for a gasoline station. My hunch is you’ll need P25M to get started. Lots of govt regulations on a gasoline station business. But the upside is, everybody needs gasoline. Just pick a great location!
sana lang yung mga nagpapa franchise, they should give a site assistance to the first timers. may pera ka nga, hindi mo naman mapasok basta ang mga malls dahil palakasan pa din. ang sarap sana mag business kung hindi lang ganito sa atin parati. I’m still trying to get one now, so im working on it. paging site locators sa marikina i want a space for lease in ngi parang, marikina city. email me.
good day,
hi i’m joenell i’m planning to franchise Siomai House. May I know how much would it cost? and also the requirement. thanks….
franchising is ok but more advantageous to the one who started the franchise. if you are just franchising that means you are just someone else’s leverage.
Good day!
I’m planning to franchise. Please advice me for what products is good but not not too expensive. My budget is not too big…
Hope to receive your good advice soon.
Thank you..
hi…
happy new year reader….just wanna ask how much the franchise of this following businesses: jollebee, dunkin donut, mister donut and red ribbon. im planning to have a franchise business very soon ,but im not decided yet which company i go into. so any suggestion?
thanks.
hi there ,am from zambo.city am looking for cdr-king to franchise anyone /? tnx
Hello Im mary ann im planning to franchise siomai house,how much would it cost?please help me
good day; i would like to ask info on how to franchise a pharmacy and cdr-king
tnx alot.
hi! ask ko lang kung ano and pwedeng ifranchise sa amount na less than 20,000 ang amount. thnx.
good day
ask ko lang papaano mag start ng lending or micro finance bis.thanks
hi..balak ko mgfranchise ng water refilling station.. can you give me advise on how to franchise such.. mga magkano kaya ang fee at anu2 kaya ang mga requirements… thanks po sa reply..
May 50,000 php ako, pwedi naba ako makafranchise?
Ask ko lang kung ano ang advantage at disadvantage ng franchasing…thanks
Hi! There is this one group that offers a variety of franchises. And it caught my attention that they are offering a Review/ Tutorials Development Photographic Memory. Since I have a passion in teaching and business a well, I’m planning to be a franchisee. My doubt is, how successful it is to have this kind of business? Though I already had a good prospect location. A little advise will be considered as a big help for me. Thank you!
hi,iwant to franchise a small business not more than 100k…is there anyone could help me? tnx
Hi tanong ko ka lang kung yung tulad ng franchises mo ung isang business tulad ng jollibee ay hindi nagwowork sa ibang bansa im in Madrid now ive never see kasi Jollibee in Europe maring pinoy sa abroad no one have done it but i guess someone has already think of it pero bakit wala pa rin ? is it too expensive or siguradong hindi magki click ung jolibee sa US NAGCLICK BA ANYONE KNOW IT?
hi, i want to franchise a food business. My budget is 150k. Any suggestions?? thanks!
Dear Sir/Ma’m,
I would like to get detail information about the franchise for Jolibee in Philippines and abroad. Please send me requirements and procedures.
Thanks,
Nara
Singapore
Hi, I am interested to franchise a food business. Can anyone provide me with the prices, requirements and procedure details of different food business available for franchise. thanks!
hi im planning to franchise business here in bulacan can you advice me about this please.ano kaya pwede start na business sa 300,000 to 500,000php gusto ko sana food franchise,i will wait for the response thanks!
I am planning to invest in a small-scale franchising business. The start-up capital would just range from P30,000-P50,000. Do you have any recommendations?
Thank You!
Hi! This is Berns. I would like to have some info re cdr king franchise. The location would be in Iloilo City. How much it cost and the requirements. Thanks and God Bless.
I want to invest in a small-scale franchising business. The start-up capital would just range from P30,000-P50,000.Can you suggest me the right business?
because i just want to use the cash i have in hand but i can go to leverage …. thank you very much for your time
Gud day!
Just want to ask some advice, what kind of business can i do with a PHP 100-200T? Will be waiting for your reply…
Thanks in advance.
Ask ko lang as a pizza franchisee ang compony stand almost 8 years in pizza industry na then, frachising are added now, they asked for 180k all and all whole packages… Is it resoanable amount for a cart….
hi,
I just want to ask kng ano po ba ang mga possible franchise
bussiness na pwede ng aking budget na 100-150thousand pesos?
ang location po na im targetting is puerto prencesa city palawan.Im looking forward for your advice.Maraming salamat po!!!
hi!
i am interested in lotto franchise but i don’t have any idea kung magkano talaga ang kailangan ko for this franchise. they said i need 500k for the bond w/c is very unaffordable on my part is there any another option to avail the franchise?
I am planning to invest in a small-scale franchising business. The start-up capital would just range from P10,000-P50,000. Do you have any recommendations?
hi ask qo lng po magkano pag nag franchise ng happy house donut? at ano po requirements?
sa 20,000 po ano pd ko manegosyo 1′st tym ko plng papasok sa pagnngosyo.pls help me!tnx
mgkno po ky franchise ng waffles at sa malamig? pls help me.
thanks
Hi
I hope the author included the cons on franchising business.
Franchising would be good mostly if your are dealing with big brands like jollibee.
if you would be dealing on small business franchising eg like food carts, water station, car cleaning at the malls. You might consider doing a little homework and research about the company and the business (some business nowadays may be a fad)
Cons:
Mostly some Franchising business standardize their prices so if you may have a competitor in your area which offers it lower than you do than you dont have much of a choice. =(
hi.. your thought: what business franchise can a maximum capital of 100 or 150K afford? I wanna put up my own business but will get some experience thru franchising small business first. Your help will be very much appreciated.. you may contact me thru my email: jd_aberca@yahoo.com. Thank you.
im castor i want to franchise a bayad center how much it wud be and how i can earn profit please advice.thanks
meron bang 10k na franchise? anybody knows?
Gandang umaga po. Plano ko po magbuild ng small business. Ang capital ko lng eh 50k. Ano po kaya ang magndang business para sakin. salmat po.
Start your own food cart franchise business for as low as P21,888. No royalty fee. No renewal fee. No hidden charges. Easy to operate and fast return of investment.
For inquires, text 09278117084.
Attention to all Franchisers,
Hello! I am seriously interested to venture in a food franchise business at 20K to 30K capital (possible ba ang capital na ito?). Can you suggest me your saleable products that can hit a “20 pesos” budget including “pambara and pantulak” na? As I observe, this is the most affordable quick food price that one can grab on his/her way to school, office, errands, etc.
Thank you!
we are here in alberta canada, and we would like to be shareholders in a franchised business in lucena city phils like red ribbon or jollibee but we don’t know whom to talk to and how.
please give us some information, cause right now we don’t want to franchise yet until we see how it goes, so for the meantime we just want to be stock or shareholders.
thank you
hi, i’m soraida..i am planning to franchise in dunkin donut here in phil..can u give me the exact location or where i started..? & how much is the capital on that business…?
hi, i’m soraida..i am planning to franchise in dunkin donut here in phil..can u give me the exact location or where i started..? & how much is the capital on that business…? pls reply as soon as possible..thanks & more power….
visit my website if your interested in franchising business. here’s my website franchisenow.webs.com
I am planning to invest in a small-scale franchising business. The start-up capital would just range from P50,000-P100,000. Do you have any recommendations?malapit na po matapos ang walter Mart sa Tanauan City Batangas. kung anung magandang business Hope to receive your good advice soon.
Can u help me please…
Thank you
Gud Day!!
I would like to put in a small scale business about 100,000 thousand pls. send me me further information regarding this matter.
thank you.
ask ko lang kong mag kanu kinikita ng jolibee per day
balak ko kase mag franchise ng jolibee
tnxs reply plzzz
does anybody know where i can find details for franchising “cdr king”?
tnx….
Ask ko lng po kung anong business na ok.Gusto ko po sana sa pagkain or ung mga food cart at affordable.capital po 20k to 50k.thanks po.
Me and my hsband was planning to put a business in phils. we are thingking about franchising of goldilocks. can u give us the rough estimate on how much the budget?
thanks and god bless
im planing to do so with budget of 200,000 php in las pinas any one there to share and invest with med reply to my email
Good day to all, ask ko lang po if anu kya maganda i franchise for worth 250k. gusto ko po sana zagu or dunkin donut. will it be enough to franchise that business.. i had my internet shop before but i think it doesnt fit me…so please help me..i need your reply and suggestions..thanks a lot and GODBLESS.
Id like to ask what can i franchise for the amount of 500,000 pesos located in iloilo city. I’m interested to put up franchising for my wife. I’m OFW.
Please advice.
Thanks
Johnel,
You could start a franchise with New York Fries & Dips (NYFD). They are one of the most successful franchise investments available.
As an OFW, it would be better to have a business that is already known so it won’t be hard for you guys to market a new brand.
Contact Mr. Tan at dexter.tan@nyfd.com.ph or 0922.8575745 for more information.
i want to start my own business and i’m considering a food cart franchise. But i dont know how this work. My SM dito sa Baliuag, Bulacan, is it possible to have my own food cart franchise there with only 40 to 80 thousand capital. tnx
Hi..i’m Raffy, im planning to franchise mister,dunkin donut, bayad center,CDR King, & Master siomai ..ask ko lang, how much would it cost, how i can earn profit and the requirements please advice. Thanks and God Bless.
I’m planning to franchise. Please advice me for what products is good but not not too expensive. My budget is not too big…
And also Im planning to franchise a pharmacy can you help me.how much it cost?
Thank you..
anu po ba pwede ko maging busnise kng ang capital ko lang po ay nasa 30k lang ano po pa pwede ko maging busnise..hydee alano sana po matawagan nio ako.thx
09204647674 hydee alano
heloo!!! ask ko lng po how much franchising fee of Flying V or Phoenix gASOLINE Station, hindi ko po mhanap sa net. plsss, im so much interested in putting up gasoline station..thanks. – mark vargas
plss inform me or send your answer at my email lordregalado@yahoo.com or call me at 0915-798-2032. thanks.
hi.I want to franchise water refilling station in Guimba,nueva ecija…thanks and God bless
good day!
pwede po mlaman kng ano pwede negosyo kng ang capital ko 30-50,000 pesos. hope to hear from u soon… Thank U and Godbless…
email me at reschelann@yahoo.com
hello, I’m roly, planning to franchise zagu or buko express..kindly inform me how much will it cost and what are the requirements as well as how can i earn profit
thanks..
hope to hear from you soon…
HI! i’m diane, how much is the money needed in franchising a goldilocks? coz in my place vigan theirs no goldilocks yet…what will be the possible requirements needed to have that franchise?
thnks…pls email me at dhalyn_0113@yahoo.com
good afternun poh blak sna nmen ng bf q mag tau ng khit maliit na business lng anu poh kaya ang business n pwede nmen gwin n hind rin kme malu2ge sa ki2tain nmen qng ung pera nmen eh nsa mga 50k lng… pls advise me about the small busines…and pls help me i need ur reply… thank u so much..
Qng ung pera nmen nsa 50k lang anung pwedeng business ang pwede magwa poh dun…thank u poh ulet
Hi if you want to have a small scale business worth 20-50k starting capital contact me. I know a good franchising company that is affordable and has a good quality.
Mariz (09053386399) Thank you! God Bless us all!
Hi, ask ko lang po anu pwede ko ma i franchise sa halagang 100k..im from Baguio and I want to start a business here but i don’t know how..pls help me..thanks.
Hi.. I would like to franchise CD-R King store.. I am planning to set it up in Cotabato City.. I hope you could help me on this.. Thanks…
My sister want to put a small business in Tanauan City Batangas, i’ve just read here about Walter Mart in Tanauan can u give us an advice what kind of business can she open if she has Php 50k to 100k..thank u
Hello there! BUKO HOUSE (buko fresh, juice, shake, pandan, buko mais con yelo, halo-halo, salad) is ready for franchising for information please call: 0917-509-9963
hi,,,,what is the cheapest franchise if you want to start in any small business? ask ko lng dn po, ano po ba ang pnaka mgndng business that fits into a mountainous area/
Hi,
Im an OFW and thinking of a good business to put up with my 50k cap.. can you possibly give me a good advise on this.
Im a residence of Makati..
thanks
Ysa
Hi,
My parents would like to put up a small business in Cogeo or Antipolo City. Can you give me the list of small business for startup and also the capital is from P50K – P75K. And also, who and where to contact. Thank you.
HELLO,ANU B MGANDANG IFRANCHISE,KC MALAPIT KAMI S MGA PRIV8 HIGHSCHOOLS.OR ANY BISNESS LIKE ME FIRST TIMER?TNX..
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