Franchise Kuya J Restaurant through In-House Financing Program
Have you tried dining at any Kuya J’s restaurant? They serve Filipino dishes with a twist. They now have a hundred branches nationwide in a span of more or less than 2 years in the business, making them one of the fastest-growing casual dining restaurants in the Philippines.
The other day, they announced that they are now open for franchise. The highlight of this launching is their in-house financing program.
- Access to funds of up to 70% of total start-up expenses
- Ability to start early and start the cash flow sooner
- Opportunity to start with more than one store within a strong trade area/s
- No need to apply for bank financing
How much is the Franchise Fee? To own a Franchise you will need to pay a Franchise Fee of Php1.2M and a Service Fee of Php300,000.00. All the fees are subject to government taxes. But the total Franchise investment ranges from Php10-15 Million depending on the area size, location, and format of the franchised store.
How much is the Royalty & Marketing Fee? Monthly Royalty and Marketing Fees are at 5% and 3% of sales net of VAT respectively. The Franchisee is also required to allocate 1% of their sales net of VAT monthly for their local store marketing programs budget.
How long is the franchise term? 10 years and it is renewable upon management’s approval. Upon renewal, you will need to pay Php650,000.00 (exclusive of VAT & other taxes); Php400,000.00 serves as the franchise fee and Php250,000.00 as the service fee.
What will be the franchised store’s Return on Investment (ROI)? The ROI of each franchised store vary based on different factors such as market size, demographics, store competency & performance, and other economic factors.
How much can I loan from the financing program? up to 70% of the capital requirement.
What is the interest rate of the Financing Program? Interest rate is at 8% per annum.
How long is the loan term? Loan term is five (5) years.
- Visit Kuya J Restaurant’s website at www.kuyaj.ph/franchise.
- Fill out the Franchise Application Form and attach your letter of intent.
Sa mga walang pang Franchise at nag-iipon pa, kain na lang muna tayo halo-halo 🙂