How much do you need to own a Jollibee, Potato Corner or 7-Eleven outlet?
‘Ayoko na mag-trabaho, magtatayo na lang ako ng Jollibee!’ It’s a great aspiration, but how much do you really need to own one?
EComparemo.com rounded up a couple of the hottest food chains in the country, and how much you really need to start your dream business.
When it comes to fries and food kiosks, for some Filipinos, Potato Corner comes top of mind.
For the 400-outlet strong Potato Corner, its vow remains the same – to deliver crispy fries, fresh from the fryer.
Recently, the food chain made noise on the news due to its record breaking P1 billion sales since it started operating.
An investment as gold as their fries range from P200,000 for the smallest cart to around P800,000 to P1.2 million for an in-line store with seating capacity, the report said.
7-Eleven, one of the leading convenience stores in the Philippines, allows entrepreneurs who desire to be part of the growing venture, to franchise an outlet.
Their official website suggest that, acquiring your very own 7-Eleven outlet means having to prepare the following amounts: P600,000 for the initial franchise fee, P800,000for the initial merchandise, P170,000 for the first batch of supplies, around P2.03 million for the construction cost of the structure, and advance deposit and rent depending on the lease terms.
That means preparing around P 3.5-4 million, to run this business that never sleeps.
Tagged as the McDonald’s of the Philippines, Jollibee is indeed the Philippines’ number one fast food chain, especially in the hearts of kids and kids-at-heart.
Being a part of Jollibee’s growing empire means having a capital of at least P25 million to begin with, Pinoy Money Talk said.
Even if you have this amount sitting at your bank account, applying for a Jolli-franchise would mean going through a rigorous feat of having your application approved.