Are you looking to start a business in the Philippines Franchising is a great option for those who want to start a business with a proven model and brand recognition In this article we will discuss 10 famous franchising business in the Philippines and what you need to know before investing in them .
Are you looking to start a business in the Philippines? Franchising is a great option for those who want to start a business with a proven model and brand recognition. In this article, we will discuss 10 famous franchising business in the Philippines and what you need to know before investing in them.
Starting a business can be a daunting task, especially if you're new to entrepreneurship. Franchising can help alleviate some of the risk by providing a proven business model and brand recognition. However, it's important to do your due diligence before investing in any franchise opportunity.
If you're considering investing in a franchise, it's important to understand the target market, financial requirements, and support provided by the franchisor.
In this article, we will provide an overview of 10 famous franchising business in the Philippines, including their target market, history, and support provided by the franchisor.
1. Jollibee
Jollibee is a Filipino multinational chain of fast food restaurants. It is the largest fast food chain in the Philippines, with over 1,400 stores nationwide. Jollibee is known for its signature fried chicken and spaghetti.
Jollibee's target market is families and millennials who are looking for affordable and delicious fast food options. The franchise fee for Jollibee is around PHP 35 million and the total investment cost can range from PHP 50 to 70 million.
Jollibee provides training, site selection, and marketing support to its franchisees. They also offer ongoing support to ensure the success of the franchise.
2. 7-Eleven
7-Eleven is an international chain of convenience stores. In the Philippines, 7-Eleven has over 2,000 stores nationwide, making it the largest convenience store chain in the country.
7-Eleven's target market is anyone who is looking for convenience and quick access to food, drinks, and other necessities. The franchise fee for 7-Eleven is around PHP 1 million and the total investment cost can range from PHP 3 to 5 million.
7-Eleven provides training, site selection, and ongoing support to its franchisees. They also offer a proven business model and brand recognition.
3. McDonald's
McDonald's is an American fast food company that has become a household name worldwide. In the Philippines, McDonald's has over 600 stores nationwide.
McDonald's target market is families and millennials who are looking for fast and affordable food options. The franchise fee for McDonald's is around PHP 45 million and the total investment cost can range from PHP 50 to 60 million.
McDonald's provides training, site selection, and ongoing support to its franchisees. They also offer a proven business model and brand recognition.
4. Greenwich
Greenwich is a Filipino pizza chain that specializes in thin crust pizza. It is a subsidiary of Jollibee Foods Corporation and has over 200 stores nationwide.
Greenwich's target market is families and millennials who are looking for affordable and delicious pizza options. The franchise fee for Greenwich is around PHP 7 million and the total investment cost can range from PHP 10 to 15 million.
Greenwich provides training, site selection, and ongoing support to its franchisees. They also offer a proven business model and brand recognition.
5. Goldilocks
Goldilocks is a Filipino bakery that specializes in cakes, pastries, and Filipino delicacies. It has over 400 stores nationwide.
Goldilocks' target market is families and individuals who are looking for affordable and delicious cakes and pastries. The franchise fee for Goldilocks is around PHP 3 million and the total investment cost can range from PHP 5 to 10 million.
Goldilocks provides training, site selection, and ongoing support to its franchisees. They also offer a proven business model and brand recognition.
6. Potato Corner
Potato Corner is a Filipino french fries chain that specializes in flavored french fries. It has over 1,000 stores worldwide.
Potato Corner's target market is anyone who is looking for delicious and unique french fries. The franchise fee for Potato Corner is around PHP 500,000 and the total investment cost can range from PHP 1 to 3 million.
Potato Corner provides training, site selection, and ongoing support to its franchisees. They also offer a proven business model and brand recognition.
7. The Generics Pharmacy
The Generics Pharmacy is a Filipino pharmacy chain that provides affordable and quality generic medicines. It has over 2,000 stores nationwide.
The Generics Pharmacy's target market is anyone who is looking for affordable and quality medicines. The franchise fee for The Generics Pharmacy is around PHP 500,000 and the total investment cost can range from PHP 2 to 5 million.
The Generics Pharmacy provides training, site selection, and ongoing support to its franchisees. They also offer a proven business model and brand recognition.
8. Ministop
Ministop is an international chain of convenience stores. In the Philippines, Ministop has over 500 stores nationwide.
Ministop's target market is anyone who is looking for convenience and quick access to food, drinks, and other necessities. The franchise fee for Ministop is around PHP 600,000 and the total investment cost can range from PHP 2 to 5 million.
Ministop provides training, site selection, and ongoing support to its franchisees. They also offer a proven business model and brand recognition.
9. KFC
KFC is an American fast food company that specializes in fried chicken. In the Philippines, KFC has over 300 stores nationwide.
KFC's target market is families and millennials who are looking for fast and affordable food options. The franchise fee for KFC is around PHP 25 million and the total investment cost can range from PHP 30 to 40 million.
KFC provides training, site selection, and ongoing support to its franchisees. They also offer a proven business model and brand recognition.
10. Shakey's
Shakey's is an American pizza chain that has become a household name in the Philippines. It has over 200 stores nationwide.
Shakey's target market is families and millennials who are looking for affordable and delicious pizza options. The franchise fee for Shakey's is around PHP 12 million and the total investment cost can range from PHP 20 to 30 million.
Shakey's provides training, site selection, and ongoing support to its franchisees. They also offer a proven business model and brand recognition.
Question and Answer
1. What is franchising?
Franchising is a business model where a franchisor grants the right to use their brand, trademarks, and business model to a franchisee in exchange for a fee.
2. What are the benefits of franchising?
The benefits of franchising include a proven business model, brand recognition, training and support, and access to a network of other franchisees.
3. What should I consider before investing in a franchise?
Before investing in a franchise, you should consider the financial requirements, the target market, the franchisor's support and training, and the franchisor's history and reputation.
4. How do I choose the right franchise?
You should choose a franchise that aligns with your interests and passions, has a proven business model, and provides the support and training you need to succeed.
Conclusion of 10 Famous Franchising Business in the Philippines
Franchising can be a great way to start a business with a proven model and brand recognition. In this article, we discussed 10 famous franchising business in the Philippines and what you need to know before investing in them. It's important to do your due diligence before investing in any franchise opportunity to ensure your success as a franchisee.
