The Philippine franchising sector is growing and based on the latest industry estimates, the sector could still grow by up to 15 percent in terms of the number of franchises in the coming years. Know more:
. Our goal, really, is to educate. We just want to make sure that they do it right,” Lim explained. “It’s the , after all, so we’d like to see more Filipinos scale up their businesses through franchising.” , this is what I’ve developed, so I want to be able to control everything. But then they realize they have to scale up. If you think about the big brands like Turks Shawarma and Shawarma Shack, they didn’t really invent the product.
When asked for his thoughts about the future of the Philippine franchise industry, particularly with the onset of the new normal, he said, “Whenever there’s a big crisis, like the COVID-19 pandemic, that is when franchising really grows as the sector does well in the good times, but it does better during challenging times,” he said. “People become less inclined to take risks and become more inclined to flock to the industry for business opportunities.
Bang Bang is now nearing 100 outlets, while Pepa Wings has since opened over 50 branches in just after a year since they started to franchise. Other franchisors which participated in the event were women-led enterprises such as Tea Talk, Avocadoria.ph, Pizza Stack, The Hungry Pita, Bigasan Plus, Easy Day, Egg Luck, and Health Screen Diagnostic.
Enterprises now thriving in the new normal were also introduced. These brands include Mrs. Fried Rice, Milky Cakes and Sweets, Firehouse Pizza, Grainsmart, Lemon Co, La Parillada, Illo’s Home, and The Good Meat.According to Lim, Francorp has always been on the lookout for new and innovative concepts.
“Its name is actually the English translation for 장난 , which means fun in Korean,” says Hanna Pagkatipunan, project manager of Funhan Mart. Literally, it also means everything is there. Unlike in typical Filipino convenience stores, all our items there are imported from Korea.
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