New Franchise Businesses: Food Cart Businesses

Franchise businesses had gained a lot of popularity in the Philippines because of the many new franchising concepts introduced in the country which aims to offer the same opportunity that wealthy Filipinos have had with franchise businesses. Here are some of those: 

New Franchise Businesses: Food Cart Businesses Have you ever wondered why food cart businesses had gained a lot of popularity in the Philippines? Food cart businesses is found today in almost every corner of the country, mostly around highly-populated and high foot-traffic locations such as in malls, shopping centers, parks, train and bus terminals/stations, as well as in wet markets and in the side-walks.

According to many business experts, the reason why food cart businesses had gained a lot of popularity in the Philippine market is because of franchising. Because of its potential in the franchise industry, many franchising companies have come to acquire these small businesses through different business acquisition processes, while others have decided to allow their business to be franchised by other businesses or individuals.
Since then, food cart businesses had become a popular franchise business in the Philippines. But what really made it a very popular franchise business, according to many experts, is its affordability compared to larger franchise businesses.

Affordability One of the few reasons why food cart businesses became a very popular franchise business is because of its affordability. Compared to larger franchise businesses such as fast-food restaurants and convenient stores, food cart franchise businesses are far more affordable, allowing many Filipinos to start their own small yet profitable business.
Mobility Another reason why franchise businesses such food cart businesses became popular is because of its unique benefit which allows franchisees to move their business from one location to the other. This allows freedom in choosing which location can best serve their business.
Less Maintenance Efforts and Costs Unlike larger franchise businesses, small franchise businesses such as food cart businesses require little maintenance compared to other forms of franchise businesses, such as lesser numbers of manpower as well as stocks.

The Benefit of Business Loans Although more affordable compared to fast-food restaurants and convenient stores, these small franchise businesses can still cost a lot particularly for regular Filipinos. This is the reason why many business loan services had offered a new Small business loans Philippines which aims to assist those that are planning of starting their own small franchise business. A popular example is Ka Negosyo franchise and Business Loan services by BPI.