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Heelloo, im planning to invest on the food cart businesss. Specifically, Master Siomai. Is there anyone dyan na nag franchise na? Can u help me and tell me the pros and cons?
Choosing between M Siomai , Siomai House, and Siomai King. Wanna know if you have some insights on SK Business Model because some are saying that this is simply a pyramid scheme. It's MLM business. Pares is more profitable.
While franchising, if done right, offers a higher success rate, and continues to be a preferred investment option for Filipinos, there are franchises out there that are poorly developed or are actually scams, which are using the good reputation of franchising to defraud people.
118 D Arellano St., Bagong Barrio, Caloocan City PH NCR 1400. Hotline: +63 83621138 . Email: [email protected]
Siomai House is a popular siomai food cart franchising business in the Philippines. Since 2004, it has opened over 1000 outlets throughout Metro Manila and the neighboring provinces of Luzon, with almost 90% of the total number of outlets coming from franchising.
Operating a Siomai House franchise is basically easy, clear, and uncomplicated but demands hands-on management, supervision, and commitment. It is an exclusive and privileged collaboration governed by a contract based on mutual trust and confidence between the Franchisee and the Franchisor.
Franchising in general is only advisable if the brand name has recall power. You never franchise unrecognizable brands. esp. not for something you can build on your own. You franchise to get the name. If it isn't recognizable, it's basically a scamchise, not a franchise.
