Food Franchise In The PhilippinesDuring the past few years, the ratio between food franchise and non-food franchise is almost getting equal, with food franchise grabbing an average of 47% of the total franchise business and continues to rise. This means more and more people are engaging in franchise businesses related to food processing and food service than in any other non-food franchise. The cost of food franchise depends on the type of food being sold and the size of the outlet. The cheapest investment cost nowadays, and the most abundant, is the food cart business, which sells dim sum, pizza, burgers, shawarma, hotdogs, balls, waffles, among others. A franchise cost for this can cost around fifteen thousand to fifty thousand pesos. Being more affordable, franchise for these food carts are fast getting the attention of prospective buyers who want to start business on a limited budget. It is easier to manage, and return of investment is guaranteed in a short span of time.
Franchise for dining outlets, fast food restaurants, bakeries and pastries are more expensive, ranging from a modest fee of a few hundred thousand pesos, to as much as four to ten million pesos. The higher cost is attributed to many considerations, like the size, layout and design of the outlet, the trainings and tech support, marketing and advertisement campaigns, facilities and equipments, among others. Return of investment can take anywhere from six months to three years, but the income generated is well worth the cost of investing in it. Food franchise covers many types of product line, from cakes, pastries, candies, fast food, chicken, ice cream, coffee, bars, fine dining, donuts, pizzas, even water refilling stations. The fact the Filipinos are fond of eating justifies why the food franchise industry continues to increase in terms of outlet expansion and market shares. Based on a magazine that feature top franchises in the Philippines, the following brand names fall under the food franchise: Aquasoft (water refilling) Crystal Water (water refilling) Monterey (meat products) Coffee dream (coffee) Greenwich (pizza and pasta) Pancake House (pancake) Red Ribbon (cakes and pastries) Gloria Jeans Coffee (coffee) Waffle Time (waffle) Figaro (Coffee) Candy Corner (confectionary products) Andy's Crunchicken (chicken) Bread and Butter (bakery) Lots'a pizza (pizza) Max's Restaurant (fine dining) Mr. Softy Ice Cream (ice cream) NY Fries & Dips (fries) Potato Corner (fries) Shakey's Pizza (pizza) Smokey's Hotdog (hotdog) |