The Cosmopolitan Memorial Chapels is a 53-year-old firm that started in Cebu and has branched out to Davao, Cagayan de Oro, Iligan and Valencia. It is going into Metro Manila market via franchising.
They are the first memorial chapel in the country to go into franchising and possibly the first in the world, says Cathleen A. Dychangco, VP for operations.
The one who started it all was Cathleen’s great grandfather, Renato Dychangco Sr., who was in the lumber business. He saw a demand in coffins and thought it was a good venture to get into. That was in 1951 and wakes were held in houses. The only business then was to make the coffins.
The coffin business continued until the third generation decided to go into memorial chapels. This was already the time of Renato “Oly” Dychangco, Cathleen’s dad.
During their participation at the Expo, Cathleen says she was surprised at the number of inquiries they got. Many businessmen, especially Chinese, were asking them to prioritize their applications realizing it is a lucrative business.
Franchising cost of Cosmopolitan ranges from P10 million to P30 million. A minimum size of 1,500-square-meter for a lot is needed. If the property is leased there should be a minimum eight to 10-year lease agreement. Cathleen says a conservative estimate of the return on investment is two to three years.
Cosmopolitan is the first Filipino funeral home recognized by the international organizations such as the National Funeral Directors Association and the Cremation Association of North America. It has Western alliances like Batesville Inc. and industrial chemical company Dodge Chemicals.
16-18 Junquerra St.
Tel: (632) 255-6252/ 256-0491
Email: [email protected]