If you want to apply a Mang Inasal Franchise, it normally takes 3 months before you get approved. You need to undergo certain procedures. After the approval, another two months will be spent for construction of the store dependent on the store size.
But before that, you need to know the following Mang Inasal Franchising Information:
Estimated Investment/Capital: Php12-14 million
Initial set-up fee: Php1.2 million VAT exclusive (non-refundable)
Franchise Term: 7 year (renewable - sole option & discretion of franchisor)
Royalty Fee: 5% (net of sales)
Advertising Fee: 2% (net of sales)
Estimated Return of Investment (ROI): Dependent on several factors such as sales, market potential investment & ability of the franchisee to control his operating expenses
Mang Inasal offers full store franchise units. The size of the property is dependent on the store model that will be developed in a particular market. Floor area requirement may range from 200 sqm to 220 sqm.
The investment package includes initial set-up fee, construction cost, equipment and facilities, furniture and fixtures, air conditioning system, signage, pre-opening expenses and initial inventory.
Selecting the store location is very important of the process. The store should be located in high traffic commercial/residential areas accessible to both pedestrians and motorist. Store location criteria and assessment will be provided prior development of the actual store. Sample plans and specifications of the physical store design and layout will be provided.
Mang Inasal has accredited architects and contractors who will do the construction planning and process.
Mang Inasal Franchising Application Procedure
You, as the franchisee (applicant) will submit initial requirements:
Letter of Intent - address to Mang Inasal Main Office: Pioneer Highlands North Condominium, Pioneer Avenue corner Madison St., Mandaluyong City 1550, Philippines.
Complete accomplished Application Form - can be secured from Mang Inasal Main Office.
Vicinity Map of the proposed site (areas with landmarks are preferrable)
Total Lot Area
Floor Plan (building)/Lot Plan (land)
Legal documents certifying ownership of the site (Transfer Certificate of Title)
You will undergo screening process & store exposure (It usually takes 1 month)
Complete interview with Human Resource, Franchising and Operations
You must attend Restaurant Exposure Program
Accomplish Harrison Assessment
Mang Inasal will check your background and credit history
Mang Inasal will review and approve your application. They will sent you a notification regarding the status of your Franchise Application. (It usually takes 1 month and Mang Inasal will let you know if you lack some requirements or some things are needed to be done/fixed)
If approved, Mang Inasal will give you the Franchise Grant. Initial set-up fee (around Php1 million) should be paid. You must also submit the Franchise Agreement Requirements. And you will be entitled to enroll in the Franchise Training Program. Training program usually takes around two weeks.
Are you having any problem in getting a Mang Inasal Franchise?
"How to Apply a Mang Inasal Franchise?" was written by admin under the Business category. It has been read times and generated 1 comments. The article was created on .
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