Monday, November 26, 2012

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.
  

4 comments:

  1. Food Cart Franchising is a great option to start your own business. People can earn much money by doing such kind of business. You have shared a great details about Food Cart Franchising.

    franchising

    ReplyDelete
  2. There are 3 types of franchising. Distributorship, survival warehouse food emergency the granting of rights to sell their parent company's products; brand name licensing,

    ReplyDelete
  3. There are a lot of people who are saying that foods franchise is one of the best methods to develop good wealth, but there are still a lot of factors that you need to consider when putting your carts.

    franchise show

    ReplyDelete
  4. Thank you for sharing. I found this post to be very informative and helpful as I am thinking about starting my own franchise. I know that there will be many benefits that come with the training seminars.

    ReplyDelete