Guide on How Much You Must Prepare for the Investment Cost Under the Pancake House Franchise
PANCAKE HOUSE FRANCHISE – Here is a guide on how much you must prepare for the investment cost in franchising Pancake House.
Visibly, franchising a business that has already built a good name in the industry it is in now is one of the best ways a businessman or aspiring businessman can take. Businesses like these have a great chance of working out – the very aim of most who enter business ventures.
If you are looking for a food business that has franchising offers, you may consider Pancake House. Undeniably, a lot of people are avid eaters at the said food house which is one of the chains of businesses under Max’s Group.
Most likely, upon reading about its franchising offers, you re wondering on how much you must prepare for the Pancake House franchise. It will need a huge amount of cash for the investment cost.
On its official website, Max’s Group of companies has generously posted details about its franchising offers to the public. In franchising Pancake House, the applicant must be:
- willing to dedicate time and has the capability to manage the store
- having a good network in the trade area of the proposed restaurant
- having an experience in food and retail business (preferrably)
- financially capable
With regards to the financial capability, the total investment cost may take multi-millions. Under the Pancake House franchise, it will depend on the type of store that a franchisee wants.
- Inline / Mall-based Store – Php 10-12 million
- Stand Alone Store – Php 15-18 million
The franchise term is good for ten(10) years. It can be renewed for another five(5) years and it includes the store construction, the equipment, the furniture and fixtures, and the hiring and training of manpower. The aforementioned amounts are also inclusive of the franchise fee and the pre-opening marketing activities.
For the lot area, a 90-120-square meter lot is needed for inline or mall-based stores while stand alone stores will need between 250 to 400 square meters of lot area. Max’s Group got a pipeline that can help a franchisee look for an area but he or she may also propose a target location.
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: MAX’S RESTAURANT FRANCHISE – Franchise Fee & Total Investment Cost