PCSO Lotto Franchise

[watzdat]

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to bro onins and rick:

skimmed through PCSO website reading with their requirements and other info, and this caught my attention..


Quote
Payment of Surety Bond to the GSIS.

i did, further research to some forum sites.. and somebody mention, surety bond is at least P500,000.00.. so what does this imply? do applicants have to have this much amount.. or it is really just roughly P30,000.00 exclusive of the establishment expenses to startup one?

thanks

...Yes, can someone tell us a little more about this? It would be nice to know. THanks!

[watzdat]

to bro onins and rick:

skimmed through PCSO website reading with their requirements and other info, and this caught my attention..

i did, further research to some forum sites.. and somebody mention, surety bond is at least P500,000.00.. so what does this imply? do applicants have to have this much amount.. or it is really just roughly P30,000.00 exclusive of the establishment expenses to startup one?

thanks

It would be nice to know more about this!

[rickmags2000]

surety bonds you get it from a bank or a surety insurance firm, i am not sure about the exact insurance amount it could be about 300k to 400k which would roughly equate to around 7k a year that you would pay to the surety bond issuer, the 30k will cover the processing fee and other necessary documents that would be needed.

so to summed it up bale 30k in you cash out inclusive nana sa surety bond ninyo worth 300k-400k but you still have to spend for your outlet

[Onins]

in short, dili ang tag-iya sa outlet ang muhatag ug bond na 300k-400k, mupalit lang ang outlet ug insurance na 400k every year which is roughly worth 7k (i-insure nimo ang outlet ba just in case masunog ug uban pang katalagman hehe)

[piaosigua]

cge pa sila panawat ug franchise ron kay dugay na jud ko plano mag open ug usa.

[rickmags2000]

sa cebu murag saturated na pero try lang kung inyo municipality ala pa lotto most probably ma approvan na kung ikaw ang una outlet sa kana na municipality kay mao na target sa management ron tanan municipality naa jud at least 1 outlet, try sab sa masbate kung naa taga masbate diri kay bag-o na gi open na area

[karlyn]

cgurado na jud d sila dawat sa central visayas?

[piaosigua]

cgurado na jud d sila dawat sa central visayas?

nisuway d.ay ka inquire sa pcso?

[karlyn]

nisuway d.ay ka inquire sa pcso?

actually nangutan sad ko ninyu kun cgurado na bajud close na franchising sa central visayas hehehehhe

[rickmags2000]

as explain earlier in this thread there are a lot of factors that would make an area suitable for a lotto outlet, human traffic, distance from churches, schools and the presence of another lotto outlet.

if this factors are met positively then its most likely that the area can be open for a lotto outlet, masbate, romblon and palawan are new areas of interest, if you have friends or relative there have them apply in their respective PDO (PCSO district office)