It’s not easy to think of a business to start with. You have many factors to consider like how much funds you have and how much you need to shell out for it. Another thing to consider is how to come up with a stable business. If you want to be sure that there’ll be stability, getting a franchise is better than starting your business from scratch. In this way, you won’t need to introduce your company or product to the market anymore because it’s already established.
Perks of Bigger Franchises
Backed by a long-standing company – One of the best reasons to invest in a stable company is to secure your investment. Big companies have steady financial resources and you don’t have to worry that it will suddenly file for bankruptcy. It is more dependable which will give you almost nothing to worry at all.
Easier to get Loans – If you’re getting a franchise from an established company and needs to file a bank loan for it, you have an almost 100% chance of approval. Banks are more lenient when they know that your loan will be going to a stable company.
Brand has en established reputation – Investing in a company that consumers know by heart would mean attracting more buyers to your store. You won’t have to think about how buyers will flock to your store because they will surely do because they know that your store is selling reliable products.
Marketing is covered – Big companies allocate funds for advertising and this includes their franchisees. Thus, you won’t have to shell out cash for the store’s marketing strategies.
One of the most stable companies that offer franchise is the Monterey Community Market. This is a good choice because the company is supported by no less than San Miguel Foods, Inc. so you can be sure that your hard-earned money will be invested in a secure company.
Monterey is a one-stop-shop where consumers can avail of Monterey ready-to-cook and ready-to-eat meats, fresh meat cuts, San Miguel food products, Magnolia chicken products, and even non-San Miguel products are available as long as they go together with the Monterey offerings.
How to Apply Monterey Franchise
The application process will take about 1 ½ months and the first step is to send a letter of intent to San Miguel Foods, Inc. The letter should include where you intend to put up the store. If you’re the owner of the property, you should submit an offer which includes the address and the sketch of the location.
The company will survey the area. You have to present a doable business plan then present it to the Selection panel. After passing the screening, you will have to sign the Franchise Agreement then pay the corresponding fee.
See also: Red Ribbon Bakeshop Franchising Guide
Take note too that the screening process is no easy feat but once you pass it, the company will give you their full support. After all the preparations Monterey will help in the franchise start-up and will train you and your crew at the Monterey Meatshop School. Through this, you will be able to learn how to handle our business; from purchasing and selling of goods. Monterey will give full advertising and marketing back-up starting from store opening and onwards.
You have to keep up with the standards of the company. Make sure that all the supplies are fresh and retail operations are smooth.
Monterey Franchise Fee and Package
The franchise fee for a 60 sq. m. store is around Php3-3.5M and the package includes;
- Royalty fee
- Construction of the physical store
- Exterior and interior design of the store including advertising and merchandising materials (this will be sent by the company’s marketing arm)
- Advertising fee
- Supply of the meat and other products
This is the breakdown of the investment;
- Php336K franchise fee
- Royalty Fee of 2% from monthly sales
- Advertising fee of 1% from monthly purchases
This can be paid through credit card or cash.
- Pork is sold in diverse cuts
- Beef in diverse cuts like kalbi and bulgogi
- Magnolia Chicken Cuts
- Magnolia Eggs
- Magnolia Chicken
- Magnolia 3-way chicken (marinated chicken)