Franchise Businesses in the Philippines: From Then to Now

What are the kinds of benefits can franchise businesses offer to its owners? According to many business experts, franchise businesses had significantly gained a lot of popularity in the Philippine market, particularly among the the middle-class of society. This is because of a number of new franchise businesses in the Philippine market today that allowed many Filipinos to have the opportunity that wealthy Filipinos have had.



Franchise Businesses in the Philippines: From Then to Now
Franchise businesses have been in the Philippines for many years. However, it was only recently in which these types of housing had gained a lot of popularity in the Philippine market. So why is that?



In the past, popular types of franchise businesses in the Philippines are medium to large businesses, such as restaurants like fast-food restaurants, convenient stores (7eleven, Mini Stop, etc..), bakeries or bakeshops, and even a grocery store.



Because of these types of franchise businesses, most of those that were able to accommodate its franchise costs are wealthy families. This is also the reason why franchise businesses are not as popular and as wide-spread compared to what it is today.



Franchise businesses became popular in the Philippine market because of a number of new franchise businesses which was also recently introduced in the industry. These are the food cart or food stall franchise businesses.



More Affordable Franchise Business
Compared to medium and large franchise businesses, food cart franchise businesses are much more affordable which gave many Filipinos the opportunity to start a business for their own. This is because food cart businesses doesn’t necessarily require a large space, lots of man power, as well as expensive equipment. This is the reason why franchise businesses became a very popular and in-demand businesses in the Philippines.



Other Benefits
Other than its affordability, there are also other reasons why these small franchise businesses became popular in the Philippine market. One of those is because of its lesser maintenance efforts and costs.



Larger businesses usually require more maintenance efforts and costs. Small ones would usually require lesser maintenance, which is the reason why franchisees have more time for other means of generating income, such as from their daily work.



Another is that these types of small franchise businesses can also be easily moved from one spot to the other, which is a unique benefit which makes it easier for franchisees to select the best location for their business.



The Benefit of Business Loans
Because of the popularity of franchise businesses in the Philippines, many of the private sectors had started to offer business loan services which will allow Filipinos to have the means needed to start their business. One popular example is Ka Negosyo franchise and Business Loan Services.



Kanegosyo Franchise and Business Loans Services by BPI is one of the most popular business loan provider in the Philippines that gave many Filipinos the opportunity to start their own business or to franchise a business.