Top Franchises In The Philippines
Around eight hundred franchise companies from sixteen countries are presently operating in the Philippines. Quite a number of it can be considered a resounding success as they consistently rank among top franchise businesses in the country. Entrepreneur Magazine Philippines, a local publication on business-related contents, annually compiles a list of the Top franchise Awards in the Philippines since 2006. The franchises are rated based on their growth rate for the past years in terms on the number of outlets (franchise) rolled out, the system stability, as well as its annual sales. It also considers the number of years that a franchise has been operating, how much profit it has earned, and how fast it has been growing as well. Marketing assistance, training and on-going support is also an important factor in selecting the top franchises in the industry. Considering the stiff competition due to the presence of both local and foreign franchises, it's remarkable for some companies to consistently stay on top of the competition and place a standing recall to the minds of the Filipinos.
Entrepreneur Magazine Philippines, presented their Annual Franchise Awards 2007 in their June issue. It recently came up with the 2007 list in five specific categories, namely: Here are the 5 categories with the corresponding list of winners: Best Local Franchises are locally-owned franchises that have become industry leaders in their field of business. Among the low-cost franchises are, Aquasoft (purified drinking water), Crystal Clear (water refilling station), Ink For Less (ink refilling station), Monterey (retailer of meat products), and Reyes Haircutters (beauty salon). For medium-cost franchises, here are the winners: AMA Computer Learning Center (education and training), Coffee Dream (coffee and beverage shop), Greenwich Pizza (quick service restaurant), Pancake House (restaurant) and Red Ribbon (bakeshop). Aside from the Best Local Franchise Awards, AMA Computer Learning Center, Crystal Clear, Greenwich Pizza, Ink for Less, Monterey, Red Ribbon and Reyes Haircutters are also given the Most Promising Franchise Awards. In the Best Foreign Franchises category, five franchise companies have successfully made it. These are: 7-Eleven (24-hour Convenience Store), Informatics (IT training and education), Gloria Jeans Coffee (food retail/restaurant), Kumon Education Center (mathematics & reading program/complimentary education), and Ministop (24-hour Convenience Store). The Most Promising Franchises are those companies that have been successful in terms of revenue growth since the time they opened their business for franchising. The recipients of the award are as follows: Aquabest (purified drinking water), AMA Computer Learning Center, Andy's Chicken (crispy deep-fried chicken store), Candy Corner (confectioneries store), Crystal Clear, Figaro (coffee shop), Greenwich Pizza, Ink for Less, Monterey, Red Ribbon, Reyes Haircutters and Waffle Time (waffles & snack shop). Fastest Growing Franchises are companies that have achieved exponential increase in the number of outlets since they took the franchising route. Aquasoft, Aquabest, Crystal Clear, Greenwich Pizza, Ink for Less, Ministop, Monterey, NY Fries and Dips, PR Gaz Haus and Waffle Time are this year's fastest growing franchise awardees. The Best in Franchising Support award is given to those with exceptional support systems that helped their franchisees to run their businesses smoothly. The big winners are: 7-Eleven, Aquabest, Bread and Butter, Figaro, Gloria Jeans Coffee, Lots'a Pizza, Red Ribbon, Save 'n Earn, The Tea Square Natural Iced Teas, Toby's Sports. |