How to Franchise?

 

Step 1 Submit Franchise Application

FRANCHISE LEAD PROCESSING & PREQUALIFICATION

– prospect gets/reads Franchise Brochure

– attends your business presentation

Submit the following:

  •   Sketch or Vicinity Map of Proposed Location Sheet with  Trade Area description
  •   (if no location yet, submit list of preferred areas)
  •   Resume with Colored ID Photo
  •   Filled-out of Franchisee Evaluation Form

Upon receiving these documents, FRANCHISOR should go through all documents to prequalify and evaluate prior to setting a meeting or interview as well as conduct a site inspection and evaluation

Note: If franchisee is deemed qualified and acceptable, proceed to Step 2.

Step 2 Business Meeting/Interview

Should all documents are in order and the qualification of the applicant and proposed location are all acceptable, Franchisor should set a meeting/ interview of the franchise applicant to present and discuss more details of the following:

  • Franchise concept and investment requirements/breakdown
  •  Provide Frequently Asked Question or Highlights and Franchise Kit
  •  Discussion of proposed location or preferred areas (if no location yet)
  •  Discussion of Franchise Agreement Highlights and other   requirements of the franchise

Note: If franchisee is amenable to the franchise requirements, proceed to Step 3.

Once approved. Franchisor will set a meeting with the franchise package, system, concept, agreement, and proposed/preferred location. With this, we will be requesting applicant to provide us more detailed market information and if possible with lease proposal for evaluation.

Step 3 Franchise Approval and Awarding

  • Franchisee submits a more detailed info of the proposed location.
  • Franchisor does site visit/inspection and evaluation (within 1-2 weeks upon submission of location proposal)
  • Franchisor checks background and bank/financial records of prospect
  • Franchisor has option to charge a SITE EVALUATION FEE of P15,000 which is usually non-refundable but deductible from Franchise Fee. This fee is commonly used for Professional Site Evaluators Fee, Trade Area Survey Expenses, Per Diem, Inland Transportation, Meals and Accommodation. This fee excludes round trip airfare and travel expenses to provincial locations
  • If prospect application and location are approved, franchisor shall set date of signing of franchise agreement and payment of franchise fee
  • Note: If no location yet, franchisee has option to request franchisor to find a location for him/her subject to a LOCATORS FEE of P___, payable only when franchisor successfully finds and secures a location acceptable to the franchisee.

Note: If location is ready, proceed to Step 4

Step 4 Franchise Agreement signing

Franchisor assess the franchise/location and formally awards the franchise to the franchisee.

Step 5 Franchisee Pre-Operation Requirements

Date of signing of Franchise Agreement is set.

Franchisor and Franchisee formally sign franchise agreement.

Upon signing, franchisee pays the 50% of the total package and another 50% of the package is set to be paid upon the opening day of the outlet.

Step 6

Franchisee then processes all requirements of the site location including signing of lease contract and payment of rentals and deposits.

Note: For tripartite agreement, usually for Metro Manila mall locations, franchisor leads the processing of all requirements of the approved location.