Franchise Fees & Capital Requirement Under National Book Store Franchise
NATIONAL BOOK STORE FRANCHISE – Here is a guide on the amount that you must prepare for the franchise fees and the capital requirement.
Nowadays, one of the promising businesses are stores that provide supply for school and office purposes. There are a lot of people that shop for school and office supplies daily. In the Philippines, one of the most prominent stores that provide it is National Book Store.
The said school and office supply establishment has a lot of branches across the globe. It also has franchise offers for those who wanted to be part of the team.
Based on an article on iFranchise, it was in 2018 during the Franchise Asia Conference when the National Book Store announced that it is open for franchising. Currently, it has more than 200 branches nationwide.
In franchising for a branch, here are the steps observed:
- Sending of bio data and letter of intent to the company behind the National Book Store.
- Review of the franchise application.
- Meeting over franchise details.
- Presentation of the franchise disclosure information to franchisee.
- Visitation and checking of the proposed location.
- Signing of the franchise agreement.
- Settlement of the franchise fee.
- Outlet set-up and training of staff.
- Pre-opening
Based on the article, here is a guide on how much you should prepare for the National Book Store franchise fee and capital requirement:
- Initial Fee: Php 450,000.00
- Contract Term: Php 10 years
- Royalty Fee: 1% Gross Sales
- Capital Requirement: P6-Million
To contact the National Book Store, you may visit their official website – https://www.nationalbookstore.com/.
Thank you for visiting our website. We hope we have helped you with regards to this matter. You may keep coming back for more informative guides.
READ ALSO: Popular Franchise Business Philippines: 7 Premium Businesses, Initial Capital