Foodcart Business : Please share your experiences

[portal]

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Franchising is not for me guro, I had a very bad experience ana and dako sad ko ug lugi ani, may gani naa ko nakit.an new way to earn money, not franchising, after how many years of trying new strategy para lang maka earn ug dako.

[nanotski]

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

Sure bro! no problem. Once I open for franchise then ako musingit ug benefit sa imo business..hehehe )

[nanotski]

Franchising is not for me guro, I had a very bad experience ana and dako sad ko ug lugi ani, may gani naa ko nakit.an new way to earn money, not franchising, after how many years of trying new strategy para lang maka earn ug dako.

pwede nimo i- share unsa nang new way na imo na discover to earn money?

[nanotski]

up for this thread! i still want to hear some more input from foodcart business owners..

[nanotski]

So far so good...thanks to my regular customers na mag sige na ug balik-balik ug order!

[iskoLares]

So far so good...thanks to my regular customers na mag sige na ug balik-balik ug order!

naintriga na nuon ko ani imong product bro dah hehe

[nanotski]

naintriga na nuon ko ani imong product bro dah hehe

hehehe..basta i can assure you na lami and affordable ni ako product bro!

[MetalManiac]

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.

maypa tinuod nga magdevelop og own brand. kini ang franchise mas pabor lang sa mga dagko nga franchisee they make a lot of money but what if start up nga franchisee lang ka unya di kaayo dako ang franchise nga diha nimo gi invest imo kwarta? risky sad kaayo so better to have your own foodcart product na lang gyud and not thru franchise.

[Rickstar13]

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!

akong solution ani. give your employee ang qouta. then kung ma abot niya tagaan nimo og nindot na incentives.
dili lng jd nimo cguro.on na maka kita kag dako ang imong cguro.on nga ma buhi jd imong business for a long time.

[Code Talker]

i hope ma datu mo tanan mga boss.