Food Cart Franchising FAQ's

     On my previous post titled The Perks Of Having A Food Cart Franchise, franchising was discussed with a shallow tone and with out many technical terms that one might encounter when franchising a food cart from Franchise-Queen                                                                                                                                                                                                           .
What is a franchise?

     A franchise is a right given to an individual and/or group to market a company's goods or services. Franchising is a method, strategy and a marketing tool for companies to expand their market shares faster and less expensive. There are 3 types of franchising. Distributorship, the granting of rights to sell their parent company's products; brand name licensing, a right that is given to licensees to use the parent company's trademark, brand or logo in conjunction with their own business; and business format franchise in which the franchisor like us gives the franchisee a right to sell their goods or services and/or use their business techniques.

Who is the franchisor and who is the franchisee?

     In franchising, you would often hear the terms franchisor and franchisee. Simply put, the franchisee(you) is the one who buys and operate a franchise from the franchisor(Franchise-Queen).

What is a franchise fee and royalty fee?

     Franchise fee is the payment made by the franchisee to the franchisor for them(franchisee) to have the rights of selling and/or distributing the products and/or services of the company(franchisor) for a given length of time, a re-contract fee is also necessary for the continuation of the franchise rights after the contract have been finished.  A royalty fee is also a form of payment coming from a percentage of the sales made by the franchisee to the franchisor, spanning the whole contract agreement. Here in Franchise-Queen, our lowest costing food cart only cost 26,888 Philippine Peso to franchise with a three(3) year contract and a re-contract fee of 5,000 Philippine Peso for another three(3) years of contract and we DO NOT have a royalty fee.

Problems with location?

     Most companies offer assistance and studies in locating a suitable place for the franchisee to obtain maximum profitability. Of course this is not free and additional fees are made to cover the expenses that the company might procure during such studies. At Franchise-Queen, we also offer franchise locator in different areas and regions in the Philippines. Also, we give franchisees a five hundred(500) meter zoning radius, in which no other food cart of the same concept of the company can come in 500 meter of the your food cart.





How about staffing?

     Here at Franchise-Queen, we do not give the staff for your food carts, the franchisee must be the one to hire their own staffs. But franchisees, do not fret! We offer a training seminar for you and your chosen staff, for FREE!

How to supply the food cart?
 
     We offer door-to-door delivery, cash on deliver payment method, free of charge for a minimum order(varies per location). Franchisees can also drop by our main office to pick up their order of supplies.





For other questions not cited in this post, kindly refer to our site.
  

Food Cart Of The Month: November is for Pinoy Pao!

My Pao is one of the first food carts that Pinoy Pao Express, Inc. has created back in 1996. In 2000 in was opened for franchise and in the year 2002 the name was changed from My Pao to Pinoy Pao.

                Pinoy Pao is now one of the best sellers of PPEI. Though the name “Pao” is sometimes misleading and often coined as in sio”pao”, the food cart offers both siopao and siomai. The combination of both products utilizes the way of how both foods are prepared by steam.  Siopao is more commonly known as steamed buns in English, is a dish that is one of Filipino’s favorite on-the-go foods. It was adopted from the Chinese baozi, it is mainly a steamed bun filled with meaty filling. There are two favorite flavors that the Filipinos favor, asado and bola-bola. Siomai on the other hand is often ground pork, beef or shrimps and some greens like peas and carrots, wrapped in wanton and then steamed. 

                Being the only food cart in the Philippines that cater siopao, it can easily dominate an area where there is a lack of food establishment that provide siopao. Pinoy Pao costs only 26,888 Pesos to franchise, it includes the 3 x2.5 x6 feet foo cart, an electric steamer, utensils, a set of employee uniform, 400 pesos initial inventory, free franchising seminar and crew training, and free E-Load Business and an accident insurance.

Buy 1, Take 1 Promo. . . EXTENDED!

The Donkey and the Well

STORY:

 There was once an old donkey making its way through the harsh deserted dessert in the middle of the day. With no shade in sight, the only thing that it can see was the sand and a caravan, also crossing the dessert, making its way to the nearest town. The donkey has no choice then but to just keep on walking and avoid the caravan. Suddenly, the donkey stumble upon and walked over an old, dried up well and fell right into the bottom of it. Luckily, or unluckily, there were some people who saw what just happened to the old donkey so they decided to help. The people, noticing that the donkey was old, bickered among themselves whether to help the donkey or not. "We can pull it out using our ropes.", said a man with a concerned look on his face; then shout the other man, "We can't do it, the donkey is too old, and might die during the process.". And so the majority plead not to use the ropes, then comes another man, "We might as well bury it with sand to shorten the misery of the donkey.". And so they did, but as the men tried to bury the old donkey in the well, it just shove the sand off its body every time. And as the men pour in sand, the sand inside the well piled up, eventually the sand inside the well got leveled with the surrounding land making it possible for the donkey to climb out the well. the men were astonished in what they witnessed.

MORAL:

Everyone has their own problems in their food cart business, it's just that, like the donkey, we must persevere through any adversity that might come up in our way to success.

-a helpful article brought to you by Franchise-Queen Philippines | #1Dealer of Low-Cost Food Cart Franchise-

Planting the Best Food Cart Concept

       Franchising a food cart is a start for you to achieve your dreams but making wrong decision may lead you to the boulevard of broken dreams.To have a successful business, you should know first know what is best for your choice of area. You should also consider other food establishments with in significant distance from where you are planning to set up your cart.

    Main target locations for your cart are near school, MRT/LRT, outside of churches, parks and transportation hub, government facilities and hospitals. You will not set up a cart in a dark and dank, sinister place which only a few people will have access or will dare venture there. ACCESSIBILITY is a major key player in setting up any type of business.

ACCESSIBILITY

Can anybody access the place? Is it easily reachable?

       Accessibility will determine how many potential customer might come to your place; If few people only goes to your area, most likely that you will also have few customer, and vice versa.

SAFETY

It is accessible but is it safe?

       Safety is another deciding factor in play when putting up a food cart. It might be accessible enough but when the sun sets and it gets dark, is the area secure and safe? No customer will pass by near any dangerous place, so having your establishment in a safe environment is a must. It is not only for the customer, but also for the safety of your own establishment and employee. If the area is safe be at daytime or at night then it means that the food cart can still make revenue even after sun down.

COMPETITIONS

Are there other food carts in the area? What might be lacking that the consumers might want?

       Having a competition is not bad; actually, having a good competition might be healthier for your business rather than monopolizing a market. Good competition will bring out the best in you and your staff in managing and directing the course of the business, you will be forced to work harder for you to better out your competitors. But have in mind, too much competitors would be bad for the food cart, if there are 3 carts of the same concept that you plan to put up, then it’s better to think of other concept that you think consumers might want or concepts that are missing in the target market area.

RACR 11/8/2012 @ 0709

-a helpful article brought to you by Franchise-Queen Philippines | #1Dealer of Low-Cost Food Cart Franchise-

THE CASHFLOW QUADRANT by Robert Kiyosaki and Sharon L. Lechter PART ONE

This will be a 10 part blog post about the difference of an Employee, Self-Employed, Investor and a Business Owner. All credits to authors, ROBERT KIYOSAKI and SHARON L. LECHTER.

The letters in each quadrant represent the Employee, Self-Employed, Business Owner, and Investor. Discover how to move from the left side to the B and I Quadrants, where you work less, earn more, pay less taxes and have more free time to spend with your loved ones!

Introduction

“The benefit of living in a free society is that we all have the choice to be rich, poor, or middle class. The decision is up to you.” -Robert Kiyosaki

How did this author go from homeless to being financially free in a few short years? In a nutshell, you must be true to yourself and what you want to achieve. Sit down and map out your financial plan. Control your spending habits. Minimize your debt and liabilities. Live within your means and find ways to increase your means. Develop a long-term plan. Keep in mind your most valuable asset is Time. Keep things simple. You will later learn all about the different quadrants and be able to plot your own unique path to financial success by having more than one source of income, real assets, and investments.

Put something away. Pay yourself first. Mind your own business. Invest in assets that put money in your pocket. Build an efficient and profitable business system that earns and works hard for you while you are out playing golf.

It isn’t about how much money you make, it’s really about how much money you keep, how fast it grows and works for you, and for how many generations it will last….

What do you want to be when you grow up?

We have all been conditioned all our lives to go to school, get good grades, and then get a safe, secure job. This is Industrial Age thinking.

In today’s Information Age, this advice is obsolete. We are not taught how to become business owners and investors. Gone are the days when the company or government can guarantee a pension for your old age. Today and in the future, more and more people will see that they can only rely on themselves and their financial knowledge if they want real security.

It would be wiser to condition ourselves, and our children into thinking: Go to school, get good grades, build businesses, and become a successful investor.

Risk? What risk?

In reality, there is a greater risk in sticking to a job than in minding your own business or putting money in investments. A job can easily be taken away from you anytime.

On the other side of the quadrant, you can sell your business off for a good sum, and relax while the investments you made years earlier provide you with the cash flow for the comfortable worry-free lifestyle you and your family have always dreamed of…





Chapter One

“Why don’t you get a job?”

Yes, you can always get a job. But you can’t always find financial freedom. The difference between Rich Dad and Poor Dad was that as Rich Dad became more successful, he had more free time to spend with the people he loved. As Poor Dad became more successful in the field of education as a state employee, he had less and less free time because of meetings and work. Financial freedom means having the cash flow and the free time. A job and a boss won’t give you that kind of freedom.

It doesn’t take a formal education to become rich. Bill Gates, Michael Dell, Ted Turner, Thomas Edison, Henry Ford, Steve Jobs, Ralph Lauren. These people dropped out of school and built successful businesses.
It doesn’t take money to make money. The author of this book and his wife started out with absolutely no money. Today they have a real estate company, two educational companies, a mining company, and an oil company.

You can earn income in all four quadrants, regardless of what you “do” professionally. A doctor can be employed by a hospital (E), have his own private practice (S), own a laboratory or clinic (B), and invest in the stock market, bond market, and real estate (I).

Rich Dad’s Wisdom in a Nutshell

“You only have so many hours in a day and you can only work so hard. So why work hard for money? Learn to have money and people work hard for you, and you can be free to do the things that are important.”
Time to raise children
Have money to donate to charities and projects
Bring jobs to the community
Time and money to care for your health
Time and money to travel the world
Money supports life. Don’t spend your entire life working so hard for it.