How much does a Potato Corner franchise cost? – Potato Corner has a franchise fee of up to $30,000, with a total initial investment range of $186,500 to $596,000.
Initial Franchise Fee: $30,000 Total Investment: $186,500 to $596,000 Working Capital: $30,000 to $60,000 Royalty Fee: 6.0%
The initial cost of a franchise includes several fees – Unlock this franchise to better understand the costs such as training and territory fees.
How much does it cost to open a Potato Corner in the Philippines?
Initial Investment: PHP 230,000.00 Size: 4 sqm Inclusions:
PHP 100,000 – Franchise Fee for 3 Years PHP 130,000 – Cart, Wares, Equipment PHP 2,000 – Initial Supplies
Initial Investment: PHP 385,000.00 Size: 4 – 5 sqm Inclusions: Height Requirement from floor to ceiling is at least 2.6 meters
PHP 150,000 – Franchise Fee for 5 Years PHP 235,000 – Cart, Wares, Equipment PHP 5,000 – Initial Supplies
Initial Investment: PHP 265,000.00 + Actual Cost of Construction Size: 4 sqm Inclusions:
PHP 150,000 – Franchise Fee for 5 Years PHP 115,000 – Wares, Equipment PHP 5,000 – Initial Supplies
How much is the capital of Potato Corner?
Franchise Inclusions or Package – The Franchise Package serves as the initial investment that covers the following:
Cart/Kiosk Franchise Fee Small Wares & Equipment Initial Supplies Franchisee Training Crew Training
How many franchise does Potato Corner in Philippines?
It’s probably one of the things you look forward to when going to a mall, especially to the cinema. Having a bite of the famous Potato Corner fries is definitely a treat, whether just casually enjoying it while chilling at the food court or taking it as your ‘movie munchies’ while in the theatre. 
Photo from Potato Corner Facebook Page Launched in 1992 by Cinco Corporation, Potato Corner is one of the Philippines’ famous first food carts which serves flavored French fries. Potato Corner has been one of the leading pioneers in the food cart industry, with both kiosk and counter-type businesses in the Philippines. 
Photo from Potato Corner Facebook Page So, if you’re interested to be part of Potato Corner’s family of entrepreneurs, here’s a detailed list of the franchise packages the famous snack company offers: 
Photo from Potato Corner Facebook Page
School Cart – 1.2 meters
-for school canteen only -electrical load – 40 A -franchise package fee – P150,000 
School Cart | Photo from Potato Corner Website
Standard Cart – 1.8 meters
-for malls, shopping centers, commercial spaces, bus terminal, supermarkets, etc.
How much does it cost to franchise a Potato Corner in the US?
How much does the Potato Corner franchise cost? – Potato Corner has a franchise fee of up to $35,000, with a total initial investment range of $186,500 to $596,000. Net-worth Requirement: $30,000 – $60,000 Liquid Cash Requirement: $50,000
Who is the owner of Potato Corner?
Potato Corner is a global Philippine food franchise known for its flavored French fries. Potato Corner.
| Product type | French fries outlet chain |
|---|---|
| Owner | Shakey’s Pizza Asia Ventures Inc. (SPAVI) |
| Country | Philippines |
| Introduced | 1992 |
| Markets | Southeast Asia, Middle East, East Asia, Australia, North America |
Is Kris Aquino owner of Potato Corner?
‘To clarify what’s at stake, I am chairman & president of Nacho Bimby Pilipinas Corporation which currently owns and runs 10 branches of Potato Corner + Nacho Bimby. That’s not the issue because by all means I’m so willing to sell my share and get out completely,’ she said.
How much will it cost to franchise Jollibee?
How Much Do You Need to Franchise Jollibee? – The investment fund required to franchise Jollibee ranges from 35 million pesos to 55 million pesos depending on the store size. The investment includes the construction of the store, kitchen equipment and facilities, furniture and fixtures, air conditioning system, signage and pre-operating expenses.
That’s all you basically need in order to franchise a Jollibee branch. We believe that a very good choice of store location will help in achieving a successful franchise. Choose your target market and target location carefully because they are the main keys for profitable business. If you don’t have the enough capital to franchise Jollibee just yet, don’t worry because there is another way to make money by investing Jollibee stocks,
JFC (Jollibee Food Corporation) is one of the best blue-chip companies in the Philippine stock exchange. Check out the free guides to invest Jollibee stocks here: Stock Market Guides and Tutorials for Beginners
How much is Moshi Manju in Philippines?
Benefits of a Moshi Manju Business Concept –
Moshi Manju is an un-common product which means that competition is not as aggressive as other business The products are relatively affordable, and each piece can cost for less than 5 pesos.
How much does a Dunkin Donut franchise cost?
How much is a Dunkin’ Donuts franchise? – Now, you’re ready to ask the big question: How much does a Dunkin’ Donuts cost? The Dunkin’ Donuts franchise cost will vary, depending on the size of your store, location, and how many units you open. Keep in mind, there are several franchise fees associated with opening a franchise, not just a Dunkin’, which often contribute to a significant initial investment.
Total investment range: $97,500 to $1.7 million Initial franchise fee: $40,000 to $90,000 (varies by location) Net worth: $500,000 minimum Liquid capital: $250,000 minimum
While the figures may look high to you, the upfront costs are lower than similar food franchises. For example, Krispy Kreme’s initial investment can reach over $1.9 million. McDonald’s is even higher with an initial investment of up to $2.2 million.
How did Potato Corner success?
3. Use other people’s money to grow your business. – Potato Corner’s tremendous growth is also largely credited to its franchising business model. By technically using other people’s money to launch franchise stores, the brand became successful. “Because of franchising we are here today.
How many stores does Potato Corner have?
About us. The World’s Favorite Flavored French Fries with over 700 stores nationally and over 800 worldwide.
How many branches does Potato Corner have?
By Vincent Mariel P. Galang, Reporter POTATO CORNER is looking to open more stores in the Philippines and internationally this year. “For international, we are opening 60 stores for outside the Philippines all around. We have more than a hundred stores in Indonesia, already. POTATO CORNER is one of the most popular food cart franchises in the country. — WWW.FACEBOOK.COM/POTATO-CORNER At present, the food cart giant has 1,100 stores across the Philippines, while there are 200 stores outside the country. Potato Corner’s expansion has been mostly due to franchising.
Around 70% of its stores are franchised, while 30% are owned by the company. Mr. Magsaysay said that the company maintained its franchising fee for Potato Corner, especially now that most of their new franchisees were the customers before. “Not too far. Alam mo, that’s one thing we did. We’re always protecting our franchisees in terms of their payback, their return on investment, so we never increased the franchise fee.
Kung ano ‘yung franchise fee namin 15 years ago, ‘yun pa rin ang franchise fee ng Potato Corner until today,” he said. “A lot of our new franchisees now were our customers when they were, bata pa sila Sila na ngayon ang mga partners namin Ngayon, may edad na sila, pwede na silang mag -invest, Potato Corner ‘yung choice nila kasi it’s something they love,” he noted.
Mr. Magsaysay noted that for Potato Corner, the company does not require the interested franchisee to have the capital immediately. As long as the chosen site for the franchise can earn and return the investment, then the company is very much open to franchising it. ” Kunwari sinabi, may site dito, pero wala akong kapital, pero pag tinignan ko yung site mo, it’s something that I cannot say no to, mag -partner tayo bigyan kita ng franchise, tsaka mo na ako bayaran,
,” he said. Potato Corner started in 1992 with the concept formulated by Mr. Magsaysay and his three other partners, namely Jorge Wineke, Danny Bernejo, and Ricky Montelibano. The concept is selling flavored french fries the way popcorn is sold. With their investment of P35,000 each, the single kiosk in SM Megamall grew to what is known to be the “World’s Best Flavored Fries.” Not only is it only in the Philippines, but also in more than 100 countries including Indonesia, United States, Thailand, and Panama.
Is Potato Corner a Philippine brand?
– Our concept is simple. Take the world’s most eaten food, add our signature spice blends and the result is a product that after one bite will change the way you think about French Fries forever. Potato Corner originated in The Philippines in 1992 as a cart business.
It has since expanded to countries all over the world including; Australia, South East Asia, Kuwait, Panama, and The United States. In 2010, Potato Corner was brought to The U.S., opening its first location in Southern California. Since that time, Potato Corner has expanded throughout the country from New York to Texas to Washington and many more.
And we’re continuing to grow every day! When you join Potato Corner as a franchisee, you get support from a team of Franchise Business professionals, operations personnel, and corporate support staff. Our team gives our franchisees all the training, expertise, tools, and advice to help their businesses thrive.
How did Potato Corner start?
The Entrepreneur Of The Year Philippines 2019 has concluded its search for the country’s most successful and inspiring entrepreneurs. Entrepreneur Of The Year Philippines is a program of the SGV Foundation, Inc. with the participation of co-presenters Department of Trade and Industry, the Philippine Business for Social Progress, and the Philippine Stock Exchange. Jose Magsaysay, Jr. Chairman Emeritus Cinco Corp. JOSE MAGSAYSAY JR. had scant corporate knowledge and experience when he started Potato Corner with his partners. But through sheer determination and hard work, he built Potato Corner to one of the leading brands in the fast food industry. They soon opened the first Potato Corner kiosk in one of Metro Manila’s biggest malls. This fledgling startup’s first office was his mother’s house and their first filing cabinet was her old oven. It took considerable time and effort for Mr. Magsaysay and his partners to get the company off the ground.
- He recounts, “Most of us had no experience working in a corporate environment so it took us a long time to learn how to run a company.
- We had to learn the function of the board, shareholders and CEO.” By learning through experience and experimenting with a franchising business model, he and his partners were able to open 120 Potato Corner stores by 1997.
As Potato Corner grew, Mr. Magsaysay eventually had to decide between his full-time job at the hamburger chain and Potato Corner. Being a risk-taker, he chose the latter and left his stable job as a district manager. To this day, he stands by his decision as he advises entrepreneurs that, “If you want to succeed in something you want to do, you better cut all your lifelines.
- If you have an option to always go back to something, you’ll never do your best.” After five years, Mr.
- Magsaysay decided to try his hand at new things and left Potato Corner to become the general manager of a donut chain.
- He also returned to school and earned his master’s degree in entrepreneurship from the Asian Institute of Management (AIM).
As he was about to graduate from the AIM, the Asian Financial Crisis hit and Potato Corner stores dropped from 120 to less than 40. Refusing to give up on this venture, he returned to Potato Corner armed with a five-year multi-business plan where he rationalized operations and cut costs to preserve cash flow.
Who is Jose Magsaysay Jr?
Robrina Lim Go President and Country Head Managing Director, Head of Equities UBS Securities Philippines Inc. Robby is the Country Head of UBS, and concurrent Head of Equities for the Investment Bank. She has been with UBS since 2000, and heads a team that has consistently ranked as best in class in Equities Research, Sales and Trading/Execution.
- In 2017, UBS was ranked #1 in turnover in the Philippine Stock Exchange, with a market share of 10%.
- In the past five years, UBS was also awarded The Best Brokerage House and Best Equity House four times by The Asset.
- Throughout her career, Robby has been involved with a wide range of equity capital market transactions in the Philippines, with lead roles in executing IPOs and follow-on offerings.
With over 28 years of experience in the Philippine market and with institutional clients, she has regular contact with the investor base over the years, riding through waves of changes in both the buy-side and sell-side of the industry. Robby graduated from the Ateneo de Manila University with a B.S. Jose Magsaysay Jr. Chairman/CEO, Josebizco, Inc. Chairman/CEO, Partner Ng Bayan, Inc. President/CEO, Cinco Corporation – Potato Corner Group of Companies Jose Magsaysay Jr. or Jomag is an entrepreneur, a mentor, and currently the President, CEO and Chairman of three organizations including Cinco Corporation, the company behind the Potato Corner franchise business.
- Jomag started his career at Wenphil Corporation (Wendy’s) where he served as a part-time crew and reached a District Manager position from 1983 to 1998.
- After years in the corporate world, he decided to venture into entrepreneurship and join a business group that launched the flavored French fries concept, Potato Corner in 1992.
His experience with operations was a key value added to the team that propelled the business to both, local and international success. At present, Potato Corner has 73 outlets in Indonesia, 27 outlets in the USA, and 500 outlets in the Philippines. Because of his contributions in Potato Corner, Jomag has received several recognitions, including the Entrepreneur of the Year award in the 2016 Asia CEO Awards, beating 11 other finalists.
How much does a Potato Corner make?
How much does Potato Corner in the Philippines pay? – The average Potato Corner monthly salary ranges from approximately Php 13,205 per month for Electrician to Php 42,450 per month for Account Manager. Please note that all salary figures are approximations based upon third party submissions to Indeed.
How much is Moshi Manju in Philippines?
Benefits of a Moshi Manju Business Concept –
Moshi Manju is an un-common product which means that competition is not as aggressive as other business The products are relatively affordable, and each piece can cost for less than 5 pesos.
How much will it cost to franchise Jollibee?
How Much Do You Need to Franchise Jollibee? – The investment fund required to franchise Jollibee ranges from 35 million pesos to 55 million pesos depending on the store size. The investment includes the construction of the store, kitchen equipment and facilities, furniture and fixtures, air conditioning system, signage and pre-operating expenses.
- That’s all you basically need in order to franchise a Jollibee branch.
- We believe that a very good choice of store location will help in achieving a successful franchise.
- Choose your target market and target location carefully because they are the main keys for profitable business.
- If you don’t have the enough capital to franchise Jollibee just yet, don’t worry because there is another way to make money by investing Jollibee stocks,
JFC (Jollibee Food Corporation) is one of the best blue-chip companies in the Philippine stock exchange. Check out the free guides to invest Jollibee stocks here: Stock Market Guides and Tutorials for Beginners
How much is Mini Stop franchise?
The Ministop franchise is a 24 hour convenience store located practically everywhere and even then, their number of branches still continue to grow. More and more people are searching for 24 hour convenience stores now especially those who are in the graveyard shift wherein most stores are closed.
- Ministop provides high-quality of assorted merchandise, from ready-to-eat food to products found in the grocery.
- Ministop originally came from Japan and has made its way to the Philippines in December 2000 and since then the franchise grew in numbers.
- Customers flocked in to try the products of Ministop and through the years have gained a loyal customer base because of their high standards and quality that suits the Filipino taste.
The Ministop Franchise is open to interested parties. Here are key advantages of owning a franchise:
Ministop is continuously expanding the convenience store chain with groceries and ready-to-eat productsMinistop’s profit sharing model allows franchisees to earn more as they sell moreMinistop stores are equipped with computers to facilitate the quick and efficient exchange of dataStocks are rapidly available within 24 hours or less from distribution centers which provide daily delivery requirementsMinistop provides full marketing support by constantly engaging in promotions and merchandising activitiesMinistop provides store operations the necessary support system which includes training programs, marketing and manpower assistance, 24 hour call service center for repairs and maintenance and other daily operational concerns
That must have gotten your attention. Now, do you want to franchise Ministop? In order to become a franchisee, you must evaluate yourself first. Make sure that the statements next will best suit you:
You must have an entrepreneurial mindset, always seeing past the trends and predicting the possibilities to make moves for the future of the franchise and to do that you must be passionate and driven to achieve excellence.It is also important that you as a franchisee must have time to devote to manage 24/7 retail operations, which means there is the possibility that you would be up early morning or late at night managing the store operations.The franchisee must be capable of financing the franchise investment and is willing to abide Ministop’s standards, policies and procedures.No shortcuts and always wanting to give 100% for customer satisfaction.
If you think you are the one being described above then the next step is to proceed and attend the Ministop franchise presentation to have an in-depth understanding how Ministop works.