ShareFranchises are everywhere these days: from the restaurant where you hold your lunch meetings, to the spa where you have yourself pampered on weekends, to the café you hang out in after work. And with the Philippine Franchise Association quoting a success rate of about 90% for local franchisees, consumers are bound to see more [...]

Share1. That the growth rate of local franchise businesses in 1997 was 34 percent and by 2003 it reached to a total of 178 2. That the first foreign franchise is Singer Sewing Machine in 1910 and followed by AW Rootbeer and KFC in 1965 3. That 76 percent of franchise fees in the Philippines [...]

ShareBecoming an entrepreneur is an exciting and daunting prospect because while you get to enjoy the benefit of being your own boss, you also carry the risk of a failed business venture. Many neophyte businessmen have run the risk of trying out new ideas and business concepts on their own, only to run out of [...]

ShareInitial investment – The total capital required to start a franchise business. This typically includes Franchise Fee, Renovation, Equipment & Fixtures, Rent deposits, and Initial Inventory. Franchise Fee – The initial fee paid to the franchisor. The Franchise Fee usually includes training, site selection and evaluation assistance, and the rights to use the franchisor’s trademark [...]

ShareFranchising in the more developed countries such as US, Canada and Europe is more advanced and mature than the Philippines and even other Asian countries in terms of the number of service activities where franchising thrives. In the US, franchising has been adopted in almost every type of service activity. It has revolutionized their service [...]