Entering the world of business is very hard, especially if you’re an amateur in this kind of field. And due to the economy crisis we are all dealing with, businessmen are finding ways to create their own business with fewer risks. This is why they engage in, food cart franchising. This kind of establishment is very popular nowadays because it serves delicious foods at a very affordable price. OMS Food Court is actually one of the most leading franchising companies in the market today, that’s why most of the food carts in Metro Manila are franchised by OMS Food Court.
According to a recent study about business ethics, a franchised stall has a bigger chance in earning more income compared to other businesses in the same field. It’s a better decision instead of putting your own business and regretting it afterwards. However, there are still some questions that bother future franchisees about food cart franchising.
Is it okay if I don’t have experience in the food industry?
Yes, it’s absolutely fine. In the franchising business you don’t need a bachelor’s degree in business just to have your own food cart. Because, franchising companies host seminars and trainings that will assist you in running your establishment and it’s included in the franchising agreement. These trainings are very useful because it would mold your personality and ability to be a successful entrepreneur.
Do I need a large amount of capital?
No. This food cart franchising business is created to help people star their own source of income. That’s why they made all food carts franchising affordable and easy to access. You can have your own food cart with less than 50,000 pesos, depending on the brand of franchising company. OMS Food Court has several varieties to choose from and client’s can select which brand of cart they wish to own.
What are the factors that affect my business?
· Size or area of establishment
· Location
· Equipment
· Outlet type
· Stock inventory
· Office or space rental
· Insurance
· Permits and licenses
· Operating expenses
What advantages to I achieve from franchising?
Besides from earning a lot of profit, you’ll also have inclusions that are part of the franchising agreement.
· Trainings and seminars
· Additional investments
· Advertisements
· Product dealers
· Staff
· Location of your business
· Service crew uniforms
· Manual guide
How much is my expected income?
Your income will be based on how you sell your products. It is up to you how you let the public purchase your item. It’s always a good thing to place your food cart in places where there are lots of people like, parks, buildings, offices, schools, courts, and malls.
Now, you’re all ready to start your own food cart franchising business and remember all the details you read. Always remain focus and have enough patience, because these are the key ingredients to a perfect and successful establishment. The tips mentioned will help you decide if you’re going through this new path or not.
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