Results 1 to 2 of 2
  1. #1
    Senior Member
    Join Date
    Jan 2010
    Gender
    Female
    Posts
    726

    Default Looking for a Burger Franchise Business


    Hi im looking for a franchise business (preferably burger related) with a starting capital of not more than 600k. Business should include the following:

    Name of Fee Low Mid High
    Initial Franchise Fee
    Real property
    Leasehold Improvements
    Equipment lease security deposit
    Optional security system
    Freight charges
    Outside signage
    Opening inventory
    Insurance
    Supplies
    Training expenses (including travel & lodging)
    Legal and Accounting
    Opening Advertising
    Miscellaneous Expenses
    Additional Funds – three months
    Estimated Total


    Other Costs:
    Type of Fee Amount
    Royalty x% of total gross sales.
    Advertising x% of total gross sales.
    Additional Funds Established by franchisees.
    Local Advertising Established by franchisees.
    Grand Opening Advertising Php xx
    Audit Overdue amount.
    Fees for Unpaid Balances (when payment is more than one week late) Interest charge of 12% (or maximum allowed by law where the restaurant is located) per annum on amount owed.
    Fees for Unpaid Balances (when payment is more than one week late) Late fee of 10% (or maximum rate allowed by law where the restaurant is located) per annum of amount franchisee owes may be charged.
    Fees for Unpaid Balances (when the franchisee defaults on payments because of a bank change without notice) Php xx
    Fees for Unpaid Balances (bounced check or pre-authorized draft) Php xx
    Fees for Unpaid Balances (When Subway or its affiliate incurs the expense) Costs of collection, including lawyers' fees.
    Transfer Php xx plus Php xx for any satellite.
    Location Rent/License Fee Php xx - Php xx per month, estimated.
    Equipment lease Php xx per month per Php xx
    Equipment Lease (upon transfer) Transfer fee of x% of buyout price.
    Equipment Lease (upon early termination) Early termination fee of remainder of monthly payments, limited to xx months' payments.
    Equipment Purchase and Freight Charges Cost of equipment and buffer to cover freight charges, taxes, and other costs.
    Insurance Php xx - Php xx per year.
    Indemnification All liability, damages, and costs, including lawyers’ fees, incurred.
    Non-compete Violation Php xx for each competing store plus 8% of its gross sales, or Php xx (whichever is higher)
    Confidentiality Violation Damages.
    Trademark Violation Php xx per day.
    Operations Manual Php xx, subject to change in the future.
    Dispute Resolution Half of arbitration fee, except franchisee will pay the whole fee plus costs, including lawyers' fees, management preparation time, and travel expenses if he/she withholds money from the company or an affiliate.
    If the franchisee breaches the provisions of the Franchise Agreement regarding mandatory arbitration, or restrictions on damages or against whom he/she can arbitrate, or the proper forum for an action, the franchisee will pay the company's expenses and the expenses of anyone named improperly, including lawyers' fees; the franchisee will be liable for abuse of process.
    Probationary Case Management Fee - Php xx; Probationary Extension Fee - Php xx
    Interim Order Case Management Fee - Php xx
    Litigation Expense Fee to permit sale of restaurant -x% of gross consideration received for sale of restaurant, not to exceed Php xx
    Co-Brand Continuing Fee 0% - x% of total gross sales of a co-brand concept.
    Fees Charged by Co-Brand Franchisor Fees and rates set by third party co-brand franchisor.
    Optional Store Listing Service Php xx for each 90 day period.
    Fees for Software License, Maintenance, and Processing For subshops:
    Php xx initial license fee for the software when the franchisee purchases the POS system from Par or Micros
    Annual Php xx software maintenance fee payable to the company
    Php xx per year payable to a third party, subject to future changes, for Progress DBMS software

    For POS:
    No initial license fee
    Annual Php xx-Php xx software maintenance fee payable to the company, subject to future changes.
    Php xx to extend antivirus software every 3 years.
    Credit Card Payment Processing Fees Processing Fee estimated at Php xx per transaction.
    Interchange Fee varies, estimated at 1.65% of transaction amount and Php xx per item.
    Fixed Acquirer Network Fee. Amount determined by Visa, Inc. based upon your gross sales volume of all Visa-branded credit card purchases. Contact the credit card processor for more information.
    Retail Technology Varies as the company may implement various new technology.
    Customer Complaint Resolution Fee Php xx - Php xx per incident.
    Taxes and Other Fees -
    Training Fee None; unless franchisee signs a rider which requires him/her to send his/her Manager or Director of Food Services to the Training Program and the franchisee cannot prove that the person is his/her employee, in which case the franchisee must pay Php xx.
    Catering None; unless franchisee participates in the Call Center and Website Program in which case a fee equal to approximately x% of each catering order will be charged.
    Optional Customer Experience Program Fees Php xx per month. Also, each customer receipt redeemed for a cookie will cost approximately Php xx per cookie.
    Optional Loss Prevention Program Fees None; however, if franchisee fails to complete the program, the company will charge an administrative fee of Php xx.

    Estimated date of launch will be this Dec 2014 or early Jan 2015. Location is SM Seaside.
    PM or post if you want to help or wanna be part of this business planning.

  2. #2
    Senior Member
    Join Date
    Jan 2010
    Gender
    Female
    Posts
    726
    still looking

  3.    Advertisement

Similar Threads

 
  1. Looking for Balamban Liempo franchise
    By glen2t_04 in forum Business, Finance & Economics Discussions
    Replies: 16
    Last Post: 04-07-2011, 11:17 AM
  2. Replies: 0
    Last Post: 07-06-2010, 09:48 PM
  3. looking for small to medium business
    By jing.yaya in forum Business, Finance & Economics Discussions
    Replies: 2
    Last Post: 08-02-2009, 01:52 PM
  4. Who's looking for a homemade bacon business?
    By alinejannina in forum Food & Beverages
    Replies: 29
    Last Post: 02-11-2009, 11:37 AM
  5. Who's looking for a homemade bacon business?
    By alinejannina in forum Business, Finance & Economics Discussions
    Replies: 13
    Last Post: 10-01-2008, 10:11 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
about us
We are the first Cebu Online Media.

iSTORYA.NET is Cebu's Biggest, Southern Philippines' Most Active, and the Philippines' Strongest Online Community!
follow us
#top