Benefits Of Franchise Businesses In The Philippines

What makes franchise businesses a popular trend in the Philippines

? According to many Filipinos, part of the reason that made franchise businesses popular in the Philippines is because of many new franchise businesses in the Philippines today that allowed many Filipinos to start their own franchised business. This is when food-cart and food-stall businesses were introduced as franchise business Philippines.

Franchise Businesses of the Past and the Now

Franchising had only gained a lot of popularity in recent years. This is when franchising companies had started to offer food-cart and food-stall as franchise businesses to Filipinos. Most franchising businesses in the past are large establishments such as fast-food restaurants and convenient stores.

Because of the kinds of franchise businesses available in the past, the only ones which were able to franchise such businesses are wealthy families, which is why franchising was not as widely spread nor as widely known in the Philippines. It was only when food-cart and food-stall businesses were introduced that franchising had gained a lot of popularity in the Philippine market.

Less Expensive Franchising Costs

One reason why food-cart businesses had gained a lot of popularity compared to most franchising businesses in the past is because of its affordability. Because of its relatively smaller size compared to a convenient store or even a fast-food restaurant, food-cart businesses are significantly less expensive compared to those businesses, allowing more Filipinos to have the same opportunity that wealthier Filipinos have had with franchising.

Simplicity

Another reason why food-cart franchise businesses became even more popular and in-demand in the Philippine market is because of its simplicity, which makes it easier for franchisees to run their business.

Because of its size, food-cart and food-stall businesses can be easily placed in any location with high foot-traffic. In addition to that, a single food-cart can be easily manned by one or two personnel, making it easier for franchisees to manage their business on their own.

No Requirements

Many of todays newest food-cart franchise business in the Philippines can now be easily owned by any Filipino, even for those without any experience in business, which is unlike that of large franchise businesses which many require their franchisees to have attained more than 5 years experience in business, while some may even require their franchisees to have an MBA.

by: Anita Gomez

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