Foodcart Business : Please share your experiences

[nanotski]

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To all who are presently into foodcart business here, I need your advise. Please share your experiences, good and bad, any tip would be greatly appreciated. Thanks a lot!

[nanotski]

Up for this one! I really need your input on this matter fellow istoryans!

[nanotski]

Wala siguro foodcart owners na istoryans noh?

[GPRS CEBU]

ako sir naako food cart.....basta dili kita maoy mangunay ug bantay dili nindot ang kita...kay dili man gud maningkamot ang ato crew na mahalin gyud kahit daghan na ka mga incitves..kay naa man gud basic salary na ila madawat...

so ako buhat karon..if naa mga exhibit,bazaar, company activity diha na ko mo display...

remeber dako baya sad investment kay nag franchise man ko food cart ...

this time ako gi pun a ug ticketing remittance loading..ug uban pa.

kung ikaw gyud mangunay GO Go for it

[istoryamember]

gusto ko maminaw sa mga negative side sa mga franchisee when it comes to support coming from franchiser, if naa.

[enoveso]

Hi,

I went to Manila two weekends ago to attend the exhibits related to the franchise expo event held in Mall of Asia. I talked to franchise people and gathered a lot of material. I wanted to look into it because I was planning to get a food cart franchise for Cebu.

I was discouraged because for one, many of the good brands have a clause for a 5% share of your gross revenue. Please note, it's taken from gross, not from net income, so whether you're making money or not, you pay them. And if you happen to be lucky enough to get a lease agreement with SM, they too have a clause for a share from your gross revenue. Talk about double-taxation. Actually, triple, if you count the government's cut, which is always there.

One thing I also realized from interviewing and talking to other people with franchise experience is that a franchise is not a guarantee for success. I know of someone who had a franchise for Monterey meats. The business went bankrupt. They later opened a franchise for a famous food brand from Manila in SM foodcourt, Cebu. Within a year or so, they had to close it.

These were people who had a lot of money. In bisaya: taas ug pisi. But they still couldn't make it succeed. The local market is very nuanced. You really need to study whether your product will sell locally.

I haven't given up on food carts though. But my plan is to develop my own brand. I'm doing it right now.

[nanotski]

ako sir naako food cart.....basta dili kita maoy mangunay ug bantay dili nindot ang kita...kay dili man gud maningkamot ang ato crew na mahalin gyud kahit daghan na ka mga incitves..kay naa man gud basic salary na ila madawat...

so ako buhat karon..if naa mga exhibit,bazaar, company activity diha na ko mo display...

remeber dako baya sad investment kay nag franchise man ko food cart ...

this time ako gi pun a ug ticketing remittance loading..ug uban pa.

kung ikaw gyud mangunay GO Go for it

sakto jud ka sir, dapat jud mangunay ta ani kay fix mangud ang sweldo na makuha sa ato taw, whether naa halin or naa. pero lisod mansad kung the whole time naa ta nag atang sa cart. i think proper monitoring and supervision lang siguro ang kananglan and as much as possible naa ta pirmi sa ato cart.
thanks a lot sa advise!

[turff_y]

Hi,

I went to Manila two weekends ago to attend the exhibits related to the franchise expo event held in Mall of Asia. I talked to franchise people and gathered a lot of material. I wanted to look into it because I was planning to get a food cart franchise for Cebu.

I was discouraged because for one, many of the good brands have a clause for a 5% share of your gross revenue. Please note, it's taken from gross, not from net income, so whether you're making money or not, you pay them. And if you happen to be lucky enough to get a lease agreement with SM, they too have a clause for a share from your gross revenue. Talk about double-taxation. Actually, triple, if you count the government's cut, which is always there.

One thing I also realized from interviewing and talking to other people with franchise experience is that a franchise is not a guarantee for success. I know of someone who had a franchise for Monterey meats. The business went bankrupt. They later opened a franchise for a famous food brand from Manila in SM foodcourt, Cebu. Within a year or so, they had to close it.

These were people who had a lot of money. In bisaya: taas ug pisi. But they still couldn't make it succeed. The local market is very nuanced. You really need to study whether your product will sell locally.

I haven't given up on food carts though. But my plan is to develop my own brand. I'm doing it right now.

comment lng ni ako ha...naa ka point but ingon ana man jud na ang franchising..first is, mao man na ngpa buhi nila as "franchisr". mas dapat ka mgwonder if naa mgpa franchise na walay royalty fee or uban patong kay illegal na. provided sad the franchisr must provide all the support u need as franchisee.

[nanotski]

Hi,

I went to Manila two weekends ago to attend the exhibits related to the franchise expo event held in Mall of Asia. I talked to franchise people and gathered a lot of material. I wanted to look into it because I was planning to get a food cart franchise for Cebu.

I was discouraged because for one, many of the good brands have a clause for a 5% share of your gross revenue. Please note, it's taken from gross, not from net income, so whether you're making money or not, you pay them. And if you happen to be lucky enough to get a lease agreement with SM, they too have a clause for a share from your gross revenue. Talk about double-taxation. Actually, triple, if you count the government's cut, which is always there.

One thing I also realized from interviewing and talking to other people with franchise experience is that a franchise is not a guarantee for success. I know of someone who had a franchise for Monterey meats. The business went bankrupt. They later opened a franchise for a famous food brand from Manila in SM foodcourt, Cebu. Within a year or so, they had to close it.

These were people who had a lot of money. In bisaya: taas ug pisi. But they still couldn't make it succeed. The local market is very nuanced. You really need to study whether your product will sell locally.

I haven't given up on food carts though. But my plan is to develop my own brand. I'm doing it right now.

Actually I am starting my own product right now and really crossing my fingers, hoping i would succeed. I do believe in my product and I know I am offering something unique, kanang wala pa kaayo nag offer na mga foodcart operators ba. So far I am doing fine. Ako pud ni gi consider ang mag franchise but yeah, tinuod jud, maghago ta ug maayo then naa lain mag benefit. Although, it helps man sad na known na ang product na imo gibaligya. Dili na kaayo lisod i-market. Pero alkanse man gihapon ako feeling so I decided to gamble on starting my own brand.

[bleedingboi]

maghago ta ug maayo then naa lain mag benefit. .

TS, pd ko musingit ana imu product? Promise dli lage ko mu-benefit. ^^