It’s not surprising that food franchises and food-related franchises dominated the Entrepreneur Philippines’ Franchise Awards 2008. Food is what keeps people coming back to stores and establishments. People eat daily, some more than the others. A business built on food is certainly a gold mine. Food-related businesses are those that target people searching for nourishment among other things. These include 24-hour convenience stores.
Among local franchise operations, here are some food or food-related businesses that won the prestigious award:
Best Local Franchise (Philippines):
- Candy Corner - offers confectionery products; targets consumers but candy business owners can also buy in bulk. Franchise fee is 130k pesos (3250 USD at 40 pesos = 1USD), and estimated ROI is slated at 1-2 years
- Lots a’ Pizza – Pizza cart, stalls and kiosks. Franchise fee 100-175k pesos. Estimated ROI at 1-2 years
- Monterey – Fresh and processed meat products. Franchise Fee 200k pesos. Estimated ROI at 2.5-3 years.
- Greenwich Pizza – Pizza, pasta, chicken, desserts, smoothies. 800k pesos franchise fee, estimated ROI at 2-4 years
- Max Restaurant – Fried Chicken and Filipino cuisine. Franchise fee 2M pesos. estimated ROI at 4-5 years
- Pancake House – Pancakes, waffles, taco, spaghetti, continental dishes. Franchise fee 1M pesos. Estimated ROI 3.5-5 years
- Red Ribbon – Cakes, Cookies, Bread Products. Franchise fee 1M pesos; estimated ROI at 3-4 years
