One of the mistakes some starting (and most of the time, enthusiastic) entrepreneurs tend to make is overlooking ALL of the start up costs, thinking that they should only pay for the franchise fee, nothing more.
Yes, my franchising company offers food cart franchise for as low as Php26,888.oo, but that is not all of the costs you will incur on starting your own business. Here are the additional start up costs you will need to expend if you want to start a food cart franchise in the Philippines:
1. Rent for your location, usually plus with three months advance, consumable ONLY on your last three months tenancy after declaring pullout (Around Php24,000.00)
2. Renovation costs for the location (Around Php5,000.00 to 10,000.00)
3. Your chest freezer, so you can store your inventory (Around Php20,000.00)
4. Needed processing fees for legal documents (Around Php1,000.00)
5. Crew salary for the first month
6. Utilities and supplies for the first month
There could be more, but those are the most common. That means you will have to prepare an additional Php50,000.00 to 65,000.00 for start up costs aside from the franchise fee. You will also have to prepare another Php10,000.00 as safety fund, just in case you will have to incur more.
Excited to start your business? That’s great! But do your research first!
Any contact numbers that we can call for full inquiry? Kindly call me at 0998-8600318
comment ko lang po sa moderator or publisher/owner of this article.because i just read some article here regarding small capital on franchising possibly or most likely a scam,how about the food cart advertise here?like pinoy pao,this very cheap franchise investment?you mean to say that this franchising is s scam?response pls.for clarification…
Interesting question. The key term is possibly, not always. I am the franchises franchise consultant, so if I am trying to scam someone, I wouldn’t write that article, would I? 🙂
To answer your question straight, no, Filtrepreneur is not a scam.
Hi! I’m managing restaurant for almost 5years and want to start my own business career but I don’t know how and where to start. Can you please guide me. tnx!
i am just wondering if you could help me out to find a franchising business to my friend. there is a newly opened sm mall here in calamba and i am just wondering of you could recommend me some food cart franchising business that could be on our budget.
thank u very much!
To Whom It May Concern:
Could you please send me an information about this franchising business?
I am really very interested in this business.
I would really appreciate it, thank you so much in advance.
Leticia R. Norwood