we bought a franchise restaurant. it didn't go well... | Salee
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- Äas pĆidĂĄn 5. 07. 2024
- Imagine owning a well-known brand, a proven business model, and the promise of financial freedom. It sounds like a dream, right? Well, that's what I thought too until our franchise restaurant turned into a nightmare. Hi, I'm Sally, and in this video, I'll be sharing the raw truth about our journey with a franchise restaurant that didn't go as planned.
Aspiring entrepreneurs need to hear not just success stories but also struggles and failures. In this video, I'll take you through the highs and lows of our franchise journey - why we decided to buy one, the challenges we faced, the mistakes we made, and most importantly, what we learned from it all.
You'll get an insider look at the entire process - from initial decision-making to investment and unexpected setbacks. By the end of this video, you'll have a clearer understanding of the realities of owning a franchise restaurant and key takeaways to consider before diving into the same business.
Whether you're considering buying a franchise or already own one or simply curious about entrepreneurship journeys - stick around! There's so much to learn from our eye-opening ride.
#FranchiseRestaurant #entrepreneurshipjourney #FinancialFreedom #business
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Less than 2 minutes in and you already have the answer. "In the Philippines"
Always things go wrong
It failed coz it is in the PH? PH economy is growing steadily, even better than developed countries. Investing in it rn is great. you just need to do your homework and invest in social media. it is the way
Thank you for sharing this. Hearing these from different people spreads awareness for everyone who is looking into entering a franchise business.
I almost started a food business franchise this year. Admittedly i was blinded with all the details that they presented. I paid the reservation fee on the spot and in the process of getting a bank loan. After telling this to some of my friends, i was advised similar to what was mentioned here. Luckily a franchisee was willing to answer my questions in running the business. I decided not to continue with it due to lack of financial cushion if i will ever be in the same situation that the business/branch had.
thanks for sharing đ
The idea and i believe what i strongly believe now is.... "Be your OWN Franchise" it is worth the effort and suffering to endure as the reward is fully 100% yours.
thanks for your insight. đ
ay pag meron ka kasing trabaho mahirap yang ganyan. Kaya yhung nag franchise yung iba kasi dahil meron na system sila na susundin.
This is the kind of advice that traps people into disappointment. đ€Łđ€Ł
parang yung advice na "Start a business that you are passionate about".
ayun nag simula ka ng siomai house kasi hilig nyo ng anak nyo kumain ng siomai...
ang end result, lugi.... kasi kayo umuubos ng paninda nyo đ€Łđ€Ł
Starting a business needs management skills.
and management skill starts at home.
Check your room, maayos ba yung kwarto mo. hindi magulo?
do you have time table of what you do everyday?
may laman ba yung Planner mo na nakuha sa starbucks oh andun sa kabinet inaamag na?
it all start at a personal level (personal management)
if you do not have at least personal management on you. don't bother starting an business. you are not gonna make it.
lagi nila sinasabi maraming Chinese ang may business dito sa pinas.
it has nothing to do with race.
it all have something to do with mindset and management skill.
they have GRIT, discipline and practice delayed gratifications.
which most Pilipino doesn't have.
The last statement concerning "hardwork" is spot on. Everything of worth does require hardwork
đŻđ
Hello! I also started in the food business, and I understand how challenging it can be. There are some who seem to be more fortunate, but as a cook by profession, I know the important factors to consider when franchising a food business. Maybe it just wasn't the right time for you.
However, as entrepreneurs, we must maintain a mindset of perseverance and never give up or quit easily. Success often comes to those who are patient and persistent, continuously learning from their experiences and striving to improve.
Your journey in the food business, no matter how difficult, is a valuable learning experience. Keep your determination strong and your goals clear, and don't hesitate to seek advice and support from fellow entrepreneurs. We are all in this together, and it's through our collective efforts and shared wisdom that we can achieve our dreams.
Full support from a fellow entrepreneur with a Pinoy business mindset here in Canada. Let's keep pushing forward and turn our challenges into stepping stones towards success.
thanks very much đđâ€ïžâ€ïž
I would never start a restaurant unless it was purely for fun. The problem with the restaurant business is that youâre competing against four types of restaurant owners
1. Those who are in it for big profits
2. Those who are in it only for fun and donât care if they lose money
3. Those who are in it for fun but are ok with breaking even. Donât want to lose money but donât want to make money.
4. Those who are adamant about making a profit, but are ok with just enough to pay for basic living expenses. They would like wild profits but as long as they can pay bills they will work the restaurant for decades.
The first guy has to compete against all the other guys. Those other three guys will drive down menu prices and drive up the cost to enter the restaurant business because theyâre willing to pay more to own a restaurant. The end result is that itâs basically impossible to make good money in the restaurant business unless your extremely lucky and extremely good at business in terms of reducing costs to a minimum and increasing the customer base to a maximum. Most restaurants fail in five years.
thank you for sharing
Proven experience ko, Start small. Hirap maghabol ng ROI, need ko lng deny ego ko when starting small, in case magfail, madali mag re course.
thank you for sharing đđâ€ïž
Exactly the advice of Ramon Ang, start something with just a small capital.
this is true. i was also an ofw for 7 years, i started a small business at home. I use our garage to put up a sari sari store during pandemic. I dont want to rent a place for business. Thank God, naging ok lahat thru hardwork, prayers and perseverance.
I'm also a franchise owner. Everything you said is true to a tee. Rent is exploding right now and some small franchise would opt out due to the high cost, unless you're a company with a lot to lose. Employment system here is absurd as many employee would be like a knife on your back when you employ them, most would be trying to milk you thru the law. Govt support for businesses here are non existent, but there's a caveat wherein you exploit the system to the fullest, not making regular employment and not paying rent and other amenities on time would garner success of a business. Top companies would do this as their employees would really fight for that regularization spot. A total angel of an employer would really go down a rough path to get employees, yet they'll stab at your back when it present itself. Government would look out for the tiniest mistake they make, but you'll have to shoulder the penalty. Rent would eat most of your sales, and they'll keep on jacking up the rent price
thanks for watching and sharing your experience.. it is indeed a painful experience.. lots of lessons learned.
Talking to other franchisees is a must. I had plan to buy a viral coffee shop franchise. But when I talked to other franchisees, in reality the franchise were overwhelmed with the demands. They're unable to provide the equipment and menu that were highly demanded. The new franchisees were left with leftover because the franchise supplied the franchisee that came first.
If you want to buy a viral franchise, make sure you're among the first. After the hype diminished, no one wanted to visit anymore. I saw this on Mixue. Their business was booming at first, and first franchisees got break event. But after few months, the people who came later must closed their door before break event.
thank you for sharing
This is pure experience, please don't take this video because you have new subscriber from this.
Also, thank you for sharing this!
@@ciero9288 thank you đâ€ïž
Thank you for sharing this. Small business owners make our country run. Hopefully you get to succeed on your next endeavor.
thanks! all is good đâ€ïžđ
The minimum monthly supply purchases is a huge red flag and should be deal breaker
@@vender68 true, ginawa siyang tagasalo ng benta o ginawa siyang sure buyer ng franchise tsk tsk evil company
Targets are normal...
itâs a surprise to me that a thorough research is out of the question. in business i thought it was already given that you do a thorough research. itâs a must. you even have to check on the the real owners of the franchise. you even have to know the statistics of how well this franchise is profitting or lossing. even in retail trading we do this
thanks for watching
We had a pizza shop in Tanza Cavite, but covid shut us down we spent 14,000 plus on advertising and it did very well in the 11 weeks it was opened.
We made a good profit, and we'd do it again in due time.
If yiur busines shows a profit in its first year after opening then has an 85% chance of success and advertising is crucial to that success.
thanks for sharing đ
I feel for you. Maybe not the right time for that kind business. Definitely lesson learned an expensive one but you certainly became wiser and took in valuable insight should you have plans in the future. Franchises really have strict rules since you're typically running their branch for them, some would find that appealing but personally I would rather go about it my own especially if you value your own ideas etc. As a cafe owner myself, I do have the same struggles you mention which I think a lot of business owners can also relate. Owning a business is not all rainbows and sunshine, it requires a lot and one should be prepared for unforseen setbacks. Yep like you said just stay resilient and always, always be open and adapt to the changing times.
thank you very much for sharing and your comment.. I'm sure many will be enlightened â€ïžđđ God bless
Great content! This info is very relevant to all of us looking to go into the franchising business. This is real life story and is an eye opener. We can all learn from this. There is a saying that a smart man learns from his own mistakes but a wise man learns from other peoples mistakes so that he will not make the mistake himself.
thanks! now be the wise man đȘ
Hi. First time watching your vids and already subscribed!
Thanks for the detailed walk thru on how franchising works.
Continue to make videos as open as this đâ€
thanks for watching and the comment.. appreciate it! đâ€ïž
Thank you for sharing your experience Salee!
My pleasure đâșïž
Start small, think BIG. Do your homework. Lesson learnedđ
thank you đâ€ïž
Franchisee here also thanks for sharing this so far our first 6months we are managing to break even but July start to have problems I hope when school starts everything will be better everything you've said is noted thanks
thanks for sharing
Thanks for sharing your experience. I'm also weary of franchising "newer" brands as I've heard of high franchise fees and lack of customers from stores I encounter. I also have a brick and mortar business, printing shop, and I feel most of the struggles you shared with. I wanted a new business and it will be a retail store so management will be easier compared to running a printing or restaurant business which needs lots of work like layouting, customization, etc.
thanks for watching and for sharing your own story đâ€ïž Good luck to you and your future business. God bless
90% of your concerns are not because you franchised . Those are the normal problems that new business owners will face franchise or not. Food business is really hard.
thanks for watching
True, it is hard, yet sounds like it is so simple !
@@salee_talkssaan ba yan? Kakain ako dyan
Yes po, Ma'am. Saan po matatagpuan iyan?
in fact, food business should
maintain a 90% margin to survive long run and establish its customer base. which is its really hard to attain if you don't have a flexibility due to franchising agreement.
The hard truth is most franchises fail because the ultimate control rests on the franchisor while franchisees take the risk financially. Franchisees are basically outlets who are willing to gamble they will be successful by following a business model they have very little control of with no type of guarantee of return. Even a McDonald's franchisee still needs to shell out over $1M and must wait several years to get the return on their initial investment.
thanks for watching and sharing that đ
Thank you. Im planning to franchise soon. At least I have the idea. đ
you're welcome
@@salee_talks yepp, thanks.. my friends and i want to start our own f&b business, and we have disagreement whether we should start our own brand or take a franchise. i will show this video to them, because our "research" approach is more on "random" and not structured.. but your video shows significant aspects to be considered before taking franchise.. đ
Franchise is always a rip off. Before you buy a restaurant watch it a lot and work there for two months with low pay to see the real operations. The big red light is why are the sellers selling the place and restaurants are very hard to succeed in. Its as hard as a clothing store.
thanks for sharing your thoughts
OMG the renovations here is really a head scratching.
Thank you for the info :) that is why I choose an online business where I don't need to worry about location and I can do it anywhere I want. By just a laptop cellphone and a wifi :)
yep! love it đ
Location is very important. In our neighborhood, there is this area where I noticed at least 3 "different" stores who rented it already. But all 3 of them aren't successful. All closed.
agree đđ€
Be ur own franchise
I appreciate the honesty of this video â€
thank you
very informative. .thank you for sharing
welcome and thanks for watching đ€
Your experience is very helpful thank you for sharing, I learned a lot!
Glad it was helpful! thanks for watching đđ€
Good advices. Thanks!
Glad it was helpful!
thanks for the insight, this is a first insight ive seen regarding sa failure ng pag franchise
@@FuraiFuru you're welcome
Usually the process is the franchisor will do a site evaluation base on their target market. Location is a big factor for success.
yes indeed. thanks for watching đ
I just listen up to 4:21. One of your red flags is you can't change what on the menu. Beside forcing you to buy their products even if slow moving. Bases on your experience as Restaurant owner/operator in Canada. Those are the problem you notice as experience restaurant operator. But the Franchise still keep on existing whatever they like even at your losses. Franchise are for Newbies while like you just better to start your own brand
Good watch. Thank you.
Thanks for watching!
Thank god my cousins have their own restaurants with own receipes
thank you for sharing
I move back in the Philippines for good on 2022 after living in the U.S for most of my life I planed it for 5 years so when i move on 2022 i had an idea what to do, within 1 month i was able to buy a 14 unit apartment complex with tenants already its an easy income as long as there is tenants and 3 months later i started to diversify. I open a motor shop in our property so no rent and i already have a mechanic before i open the shop it was just the two of us so no overhead so far so good and just this July 2024 i open 2 more business a computer shop and a water refilling both business i don't pay rent since its inside my apartment complex and all 4 business i only have 1 employee that i move around and now i can relax 2 years later.
good job there! thanks for sharing and good luck to your businesses. Love it! đâ„ïž
Location location location for the right franchise for the right area. Good luck. Itâs a partnership. Itâs not about you or the franchise itâs about the people you will serve.
thanks
This was very helpful, and I supported your content by not clicking the skip ads button =) new subscriber here =)
thank you very much...your support means a lot to me đâ€ïž
You're so pretty. Thanks for sharing your journey!
you're welcome
Thank you for sharing!
welcome đ€
Itâs business. Every business has its own risk even if it is Franchise. In life thereâs no certainty.
yep thanks for watching
I went to graduate school here in the U SâŠ.MBA
We touched all the topics that you discussed
thanks for sharing
i worked in a commissary before and i never thought ganito pala ang struggle ng franchisee ng store/restaurant, now i understand yun challenge as r&d na magiging shock absorber sa frustration ng management committee sa mga hindi kumikitang sku at palitan ng bagong sku, minsan napapahinto na lang ako sa mga gilid gilid na mga food stand sa kalsada na tinutumpukan ng mga tao at tikim tikim sa magiging new prospect flavor ng masa
thanks for sharing that đ
Based on your experience they are like MLM's. You have to buy every product even if it is unsaleable. So if that's the case what will you do with those products? And you have a quota which will add more burden. It is better to create your own product.
thanks for watching
We just bought a business in the phils and yes there's always something need to improve or address, and that include $$$$. Best thing the market has established a bigger niche for the past eight years..not franchise anyway
thanks for sharing đ
Ang mga nagpapa-franchise kasi ang pokus nila mass-sell products nilang wala nabili. đ Saka hindi naman nila target yong magsucceed ang franchise nila. Pag nakabayad na, ang concern na lang nila is pano makatulong mga to as buyers of their unsaleable products. Maganda lang sila sa umpisa. Marami sa mga nagpapa-franchise pumuntang school namin at iyan na notice ko na common characteristics nila.
thanks for watching and the insight đđ
True! Kaya wag basta2 magfranchise.
I had my restaurant and i failed. Thanks God im gone from it and left gracefully
thanks for sharing đ
Do first a strategic planning, analyze the location, target customer, 6 months or 1 year back up for your finances and last your restaurant should have different niche
thanks for watching
napansin ko sa pinas maam pag mga tapsihan ang target talga dyan is mga low to medium class. so pag nagsetup ka ng restaurant tapos yan ang menu mo mahirap bumenta. Mas okay yung parang style turo turo para makamasa style ang dating.
yes tama đ
Failure it's part of success mistakes it's made to learn to grow but the tuition fee it's expensive
agree and you must really learn the lesson đ
I think food truck will be your better option?
Thank you for sharing
You're very welcome
Stay away from small time franchises. I've read a lot of franchise agreements, most if not all are geared to fill the franchisers pockets the quickest way possible since the food business is very volatile. Just start your own brand, source your own raw mats that way youll have complete control and sooner or later youll be the franchiser instead of the franchisee.
thanks
Appreciate this video
thank you đ
Not everyone is for franchising. Other people, especially people with lots of ideas, from the menu to how things should be done, are better off creating start ups instead.
thank you for watching
Hmm... As expressed somewhere here, what you experienced is of the typical start up (even if it a franchise, established or not). Honestly with the trend in the Philippines in the food service sector, you could have started your own brand. And invest/spend in making it trend and even go viral if you want to go that route.
@@backtoback3697 thanks for watching
this is also the reason why kahit 5 years na kami sa market di pa namin inoopen yung franchising. Kasi we care about peoples money lalo na yung iba life savings nila yan. Nakakabahala yung market sa pinas na months pa lang nag ooperate eh nag ooffer na ng franchising. Kahit hindi pa proven yung financials. đą
thanks for doing that..very few people really care. God bless you and wish you all the best. đâ€ïž
Salamat po sa info. As an ofw planning to buy a franchise
welcome po đ
Good and honest feedback
thank you
Thank you for your advice
you're welcome
You failed to do your research. Signing 'anything' during the first meeting is a no-no, especially if there is a huge cash outlay expected. Everything that you mentioned about expenses associated to being a franchisee, the franchise rules (what you can/cannot do), employee training, etc, those are all obvious and common things for franchises. The restaurant business is very competitive. It takes a minimum 18 months to 3 years to break-even. That is if the restaurant even lasts that long. Another important thing is location, location, location.
thanks for watching and sharing
This has the making of kitchen nightmare plot.
Franchising is a good business but as franchisor, that can be a struggle. Kasi matic kita agad sa franchise fee then s orders ng raw mats s knila mo din bibilin. Then the appliance and equipment, they can compel u to buy sa kanila only then may markup n nila din un. Design and construction also. Kaya if u are starting with a franchise, dpt ung subok matatag na.
yep exactly đđŻđ
I lost a lot of money in franchising. What I would have done differently, I will never franchise unless itâs Mang Inasal. But seriously, I would rather invent and spend on R and D.
thanks for sharing
mahirap talaga ang food business,kaya ako dun ako sa di nasisira o nabubulok na negosyo,like selling shirts,gadjets etc.
thanks for sharing
The best franchises in the Philippines are Jollibee, McDonald's, and Mang Inasal its always busy non stop of people lining up and profitable though these franchise are expensive
yes đđŻ
Not so fast . . .
- If you are renting, chances are your landlord will jack up your rent when he hears the sales register ringing. And according to commercial lease laws, and thanks to Asian crab mentality, the landlord can push your rent to the roof upon renewal.
- Are you aware that the franchise fee you fork out has an expiration? And usually the renewal of the franchise would cost you more than you originally spend?
- There are a lot of Jollibee/Mcdo franchisee who don't anymore renew their franchise, it would help if you ask them why they quit. Good luck, you need it.
Thatâs what you think. You will know once you sign up for them. Walang katapusang gastos
@@johnlove6194wowâŠna eexpire pala . Nasa 20M yta franchise fee now ng mga ganito..
The food industry is saturated now. You need an original niche, good location, and demographics of how much the average person is willing to spend if you can get them in the front door. Then, there is the operations side of things that has a whole host of challenges. Food prices are high now, so profit margins are squeezed tight. Our restaurant failed, and we were thinking of getting back in, but as things stand now, I will not, certainly not foods.
very good points and yes I agree đ thanks for watching
Business done for fun in better left undone.
@resultspaid7250 not when you're losing money with all the hard work and passion put in.
I thought you where going to say you bought a McDonalds or a Jollibee. You bought one of those unknown small start up franchises that has logistical issues and don't even have a marketing program. Go buy a branded franchise,its all professionally time tested and proven. Got to spend money to make money.
thanks for watching
Yes pag ng franchise k at least may 100milion k
@@kidkud10 35 million only for a Jollibee franchise, pocket change.I use that for gas money.
â@MARCBEA1 35 Million? Pinang loload ko lang sa RFID un eh đđ
@@jakerex32 hahahaha
Exactly the same way i lost 300K Peso with K-Eggs franchise. As they said it was cost only 15K then every week they increase the products prices and minimum orders. Got sweet scammer đ. Appreciate you have brought the true storyđ€
thanks for sharing your story
Karma na Lang sa kanila
Hi! Same here and i feel you, its a big lesson learm for me pođ
thank you đâ€ïž
that depends on the restaurant.
been working in F&B all my life, and i felt like with all my experience ready nako to own and run myself, pero everytime na uwi ko sa pinas di ko nakikita sarili ko na mag start dito sa sobrang risky kaya natatakot ako,minsan naiisip ko baka hanggang pangarap ko nalang ang mag open ng sarili ko, mas takot din ako sa franchise considering sa dami kong idea tapos ililimit lang nila ako sa hindi pwedeng gawin,salamat for sharing this...
you're very welcome. there's a reason you found this video
@@salee_talks parang mas mahirap ang competition sa pinas kesa abroad,maybe sa tipid ng mga pinoy at sa sistema dito?i hope you bounced back from this bad investment
yes thank you.đ„° it happened many years ago and we already bounced back stronger than ever. đđ Running a business in the Philippines is really different from Canada, gagamayin mo lang talaga at aaralin. đđ
Location is the key lalot tapsihan business kayo. It's not like a small kiosk na either coming to office or going home buyers ang target nyo. Foot traffic is really important.
I used to work as an Operations Officer for a bakery chain naman but sadly, most of the franchise na nag co close is mismanagement kasi di maayos pag handle ng tao (tapos walang pang knowledge on baking din ang owner), so pag walang baker, sira operation ng bakery.
thank you for sharing
I have a same experience.I am struggling now
i hope you can recover very soon.. trust God has better plans for you đđâ€ïž
Wary of franchises that maybe aren't decades old operating, especially those that went viral. They're only after the money and cashing in on the hype generated. I would also avoid those famous franchises selling siomai, etc... unless one scouts the area of interest, feels like they're over saturated.
thank you for watching and the comment đ
I started a restaurant bizness in Philippines coming from Australia. It was a nightmare. If your happy spending 1000 pesos to make 100 pesos. Then go ahead, u need to be present at all hour's of opening to set a good example. Philippine workers are good, but need good leadership or else they will just doze off or go on their phones and not pay attention. Its alot of work for minimal profit
thanks for sharing your experience đ
Franchise is not entrepreneurship. It is just a key that is given to you to run it and kumita ka man or hindi may babayaran kang renewal fee. It is just a "product" given to you by a real entrepreneur. And you are the "glorified shopkeeper". Do your homework and due diligence mam.
thanks lesson learned already đđ
was this retiro base fast food? đ
here is why franchises fail. 1.) cost of renovation/ rent.
2.) high cost of goods. 50 percent. + percentage off gross sales.
3.) off that profit, you have to pay for labor, rent, spoilage, utilities, roi for the cost of construction, gross percentage.
and to top of it all, taxes. business tax, property tax, etc.
you basically get nothing back
thanks for watching
Thank you
You're welcome
madam, as a restaurant manager for a long time, opex can be controlled. baka kulang lang sa maayos na management. but kudos to you for having the courage to jump in food business
i admire you for being a restaurant manager for a long time.. I clearly don't have that skill and maybe food business wasn't meant for us.
@@salee_talks if you guys wanted to do food business again, I can def help you with the processes. for FREE hehehe :) just wanted to help fellow Canadian :)
The frachisor will show you all th3 great things about the company products, benefits, profit, Fast ROI etc.., all you need to do is to think 100x! đ
yep! and we only think like 10x đ«
@@salee_talks if you are willing to spend and not waste your money better to franchised a high successful rate like potato corner or siomai house or much better create your own........
yep that's a good point as well đ
what was the franchiseâs name?
I am also a coffee shop owner itâs in Bohol, Philippines, 5 months after II open my cafe I moved to the US because my immigrant petition was approved that was 2023 and up until Now I am still remotely managing my cafe, pay my suppliers thru g cash, monitoring sales and inventory while working and starting my life in the US. I visited the Philippines for about 4 months and there was a significant increase in sales while I was there, and now that I am back in The US sales were challenging again, I still continue running this business with all the challenges so still hoped that one day all my efforts will be worth it because I still believed in the Brand I created from the heart..
nice to know.. care to share the name of your cafe and will pay a visit next time we go to Bohol. We went there in October and the whole family loved it. Planning to go back and do whale watching đâșïž
Thanks for visiting Bohol and Iâm glad you loved our Humble place.. I am planning to visit again there too maybe early of next year, the Cafeâs name is Brewhol (combination of brewing coffee + Island of Bohol) itâs a small humble cafe situated in our old ancestral house which was build in the late 50s :)
wow we will keep that in mind next time we're in Bohol. đ€ Thanks for sharing đ
@@salee_talks youâre welcome and thanks also for sharing videos with us :) are now guys back in Canada or still in the Philippines? :)
yes no problem. we are still in the Philippines. We are in the middle of training, hiring people, making sure all the staffs are properly trained so that the business runs smoothly while we are away. We probably will go back every 6 months or so depends on how things go...will see. đ
Buying Franchais is not owning a brand but reality is to buy yourself a job, viral is subjective to individual objective
thanks for sharing
Same here. It was a nightmare.
thanks for watching and sharing
dapat una mong ginawa is computation debit credit then dun mo malalaman kung kumikita ka ba o hindi. things to consider is yung overhead expenses. permits, sahod, electric bill water bills , etc. if renting lalo na malaking gastusin yan vs yung pumapasok na income. Location, tapos yung kakayahan ng mamimile bka naman isang kahig isang tuka e di makakabile ng menu yan. Magandang location is lapit s opisina twing lunchtime duon n sila bibile, churches etc.
good points. thanks for watching
jusf curious, is your tapsilogan still in operation?
nope...only 7 months in operation
The franchisee don't care about the owners, they only care about the franchise fee and the minimum inventory you need to purchase from them every month.
thank you for watching
I have the same experience. Overall, i can say doing business in the Philippines is hard esp food business. Pinoys are really hard to please when it comes to food.
thanks for sharing that đ
Before po kayo nag decide and do d franchise u should 1st check the business plan, the supply and demand,location and the expenses.
Iba padin if napag aralan muna.
agree
I wonder , out of 1000 franchises, how many end up happy n smiling... may 10% ba? They wont reveal.
don't know as well đ
Upon watching your video, i think the main root of your problem is you bought a franchise, judging by the franchise fee, i assume its not as big as you thought their brand is. I also planned buying a franchise when we were just starting. But decided to make my own brand. the biggest take away with franchising is you cannot innovate or add menu's of your liking, you're stuck with the menus they are offering which will hold back your growth and not being really hands on to your restaurant. You already have a restaurant in canada you should've had a lot of knowledge about running a restaurant and still not confident of making your own brand.
thanks for watching. All good, lessons learned.
Jn din nag-struggle kapatid kong pumasok sa franchising. Sa una lng po ok then paunti-unti nawala na.
thanks for sharing đđ€đ„°
I did the same mistake pero sa foodcart lang. I realized that selling perishable goods is not that practical for a newbie businessman. So recently I decided to start a laundromat, at least di basta masisira yung sabon, di na din aq nag franchise, nag build nlng kami ng sariling brand, sa service nlng magkakatalo yan hindi sa name.
thanks for sharing đ
Bukas pa po ang resto nyo Maam? Plan ko din mag franchise, but thanks to this video, kelangan kong i reconsider yung ibang mga nasa plano ko.
nope, 7 months only in operation. There is no coincidence that you watched this video. God bless
Hi, lesson na dapat matutunan ng mga nag pa planong mag franchise. Wag magpa franchise sa isang product na kakailanganin mong gumastos ng malaki para sa pwesto. Minsan, yung inaakala mong malakas na pwesto, e mahina pala in reality. Hindi mo maililipat basta basta yung business dahil sa laki ng ginastos mo. Gagawin mo lang yan kung ang ipa franchise mo ay mga super well known brands like Jollibee, McDo, SB or the likes. Kung kelangan talagang mag franchise, piliin mo yung mga naka food cart or ung mga collapsible lang like Shomai House, Master Siomai, Waffle House. Reason? Maililipat lipat mo kung saan malakas at kasama yan sa provision and agremeent. Or, kung gusto mo tlga ng resto at least mag develop ka ng sayo. Like, seriously, why need the help of a franchise company to cook Tapsilog or Longsilog? These kind of food are already sold sa panlasang Pinoy so ang hahanapin mo na lang tlga ay magandang pwesto.
Lastly, mamuhunan ka lang kung kaya mong mawala yung puhunan mo dahil ang business ay sugal na may 50/50 chance of losing and winning.
Just my 2 cents.
Or better go back selling to Amazon. Iâve seen in one of your old videos that u sold in amazon. Do you do one on one tutorial on how to sell in Amazon?
I was selling on Amazon the time we bought the franchise. I don't do one on one tutorial at the moment
@@salee_talks thanks for the reply
ITS NOT ABOUT THE NAME!
ITS THE UNRESISTABLE TASTE
I've yet to meet someone with a 1.000 Batting Average in their business life
I've started a few with little to no money đ
I'm a businessman with 3 operating businesses. For every 1 that is operational and generating revenue you will in your early days close 2 businesses for every 1 that is successful. People think it's a one time big time, guaranteed success ike the lottery jackpot. Nooooo!!!!!! It's like any career you have to be good at it, you have to love it because perseverance is one of the aspects of it, problem solving, managing, forecasting, accounting and knowledge in the market. You see there's a lot of things involved, it not as simple as it looks. You have to love what you do if you will last. Sorry no one time big time......