How Goto King started?

In 1984, a 2 x 2 meter cart started to do business inside the SM Cubao food court named Goto King. It was established as a single proprietorship business by Teresa Dula Laurel. Goto King then only offers affordable street food goto, tokwa’t baboy and lugaw.

That simple concept of food item became successful and the owner decided to add other merinda items like bachoy, dinuguan, pansit, and halo-halo. Goto King expanded business after 10 years of operation and they open new opportunities for franchising. The first franchised store was established in 1994 at V. Luna Road, Quezon City.

Read: Binalot Franchise – Profitable Food Business Ideas in the Philippines

As time passed, Goto King has 26 outlets in different locations of Metro Manila, Batangas, Cavite, Cebu, and Cagayan. There’s also 1 outlet of Goto King in Abu Dhabi, UAE where OFWs frequently visited.

Goto King franchising details

If you’re interested to apply for Goto King Franchise, it’s important to know first the important details that pertain to franchising this brand.

There are 4 franchise package options to choose from including the following:

• Small kiosk

This franchise package option requires a space that measures about 6 to 10 sq.m. and the package amount is between Php800, 000 to Php 1.2 million. The franchise fee is Php300, 000 good for 3 years contract.

• Big kiosk

If you want to franchise Big Kiosk, you should prepare for an initial investment of Php1 million to Php1.6 million. This includes Php380, 000 franchise fee. This franchise package measures about 11 to 15 square meters and inclusive for 3 years contract.

• Food court

If you have big amount of money to apply for Goto King Franchise, the Food Court package option. The floor area is bigger that measures 20 to 40 square meters. The Initial investment is around Php1.8 million to Php2.5 million including the Php420, 000 franchise fee and 5 years contract.

• Independent

This franchise package has the biggest floor area that measures about 76 to 150 square meters. Being the biggest among other franchise package, it follows that the initial investment is also higher amounting to Php2.5 million to Php5 million. It covers the Php450, 000 franchise fee and five year contract.

The good thing is that the food deposit included in the franchise fee is refundable. This means that the franchisee can refund the deposit amounting to Php50, 000 to Php300, 000. However, the franchisee should pay the service fee that costs about Php25, 000 or 4 to 6% of the monthly gross sales.

Included in the franchise package are the following:

• Feasibility study
• Design of the store and construction
• Restaurant and kitchen equipment
• Outlet décor, menu board, and signages
• Management team and crew’s training
• Marketing support for the opening of the store (soft and grand)
• Operations manual

However, not all government permits and licenses are covered by the Franchise Fee. Goto King will only cover those related to leasehold improvements.

Read: BonChon Chicken Restaurant Franchising Guide

How to apply for Goto King franchise

If you are decided to apply for Goto King Franchise, here is the application process to follow:

• Send a Letter of Intent that includes the site proposal to

Mrs. Teresa Dula Laurel

President/ COO

Address: 159 Kamias Road Quezon City, Metro Manila

Email Address: gotoking.philippines@gmail.com

Fax Number: (02) 9223206

If the franchisee was unable to find feasible location, Goto King can help.

• Complete the application form and submit the required documents such as the following:

1. Franchise Initial Inquiry form
2. Franchise evaluation Forms 1 and 2
3. Franchise Application Form

• Once the evaluation forms are approved, a meeting will be scheduled by Goto King to discuss the requirements and procedures in detail.
• Prior of preparing the Financial Projections, the franchisee should pay first the reservation fee amounting to Php30, 000 that is non-refundable.
• Once the Financial Projection is accepted by the franchisee, signing of Franchise Agreement is then set.

Contact details

For more information about Goto King Franchise, you can send your queries to:

Email Address: inquiry@gotoking.com.ph

Telephone Number: (02) 9285893 (Look for Mel)

Fax Number: (02) 4335208

Address : 159 Kamias Road Extension Sikatuna, Quezon City, Philippines

The post How to Start Goto King Franchise – Hearty business opportunity appeared first on Pinoy Business Ideas.

This business idea is easy to start and does not require huge amount of capital. But, the secret to run a grocery store successfully is to sell and stock the right products that people need and want to buy. Usually, this is family run business in which every member of the family has individual duty.

Starting a grocery store is a lucrative venture, but there are several things to consider as follows:

• Choosing the best location

It’s important to look for the location that isn’t only accessible to customers but also with enough parking area. The traffic density and the proximity to other business play significant role for the success of the business.

• Start-up capital

Determining the detailed cost for starting a grocery store is significant. It will guide you about the expenses that the business may incur throughout its operation. Typical expenses may include the following:

• Rent
• Initial inventory
• Fixtures/equipment/security
• Permits/licenses
• Leasehold improvements
• Grand opening/advertising
• Utilities
• Legal/accounting

The money that you will finance for starting the business can be huge. If your fund is not enough, you can use your other resources such as assets and other investments. You can either sell your assets or use them as collateral for loan. You can also look for government programs that offer support to small businesses.

• Equipment

If you will open a grocery store, most likely you’ll need equipment such as freezers for perishable products. You’ll also need display cases, carts or baskets, weighing scales, bags and additional shelves.

Aside from those details discussed above, implementing competitive marketing strategies is also essential to stay on the edge of the competition. It’s not enough to make the case stacks and aisles attractive, it’s necessary to ensure proper placement of products on the shelf.

Read also: How to Start and Operate a Sari-Sari Store Successfully

Another key for the success of your grocery store is to keep customer retention. With the tough competition in the retail industry it can be difficult to keep customers. But, giving them the best services they deserve will make them coming back to your business.

The post How to Start a Grocery Store – Retail Industry Business appeared first on Pinoy Business Ideas.

Investing as little as P10,000 can lead you to financial freedom. With the robust investment options available today, you can choose from many financial products that require low investment amount. You can select from mutual funds, money market placements, equities and unit investment trust funds.

Putting your P10,000 into a high-yielding financial product, it will multiply and grow substantially over a period. Compounding is the easiest way to grow your investment. All you have to do is to choose the right pooled investments that can diversify your holdings.

UITFs and mutual funds are the best vehicle to invest your P10,000. Aside from being affordable, you need not worry about your money because a professional finance manager will manage your fund. Another thing is that you can still withdraw your funds as the need arises, but expect for some fees.

Investing your P10,000 in mutual funds allows your money to grow through the shares earned from various instruments equal to the money you have invested. On the other hand, with UITFs, your money is invested in different instruments like money markets, government bonds, equities and others that are controlled by the Bangko Sentral ng Pilipinas.

Pointers to consider when investing your P10,000

1. Regardless of the amount of money you want to invest and your financial status, it’s essential to identify your financial objective and your willingness to take the risk.
2. You can maximize your gains if you will put your money in a long-term investment.
3. Study how different investment vehicles work and how they can give you better gains.
4. Use and add your extra funds to your initial investment to realize your investment objectives quicker.
5. If you think to invest your money with buying and selling your funds, take time checking the transaction and management fees.
6. Before investing your money to any organization or fund manager, you should check the track record. This way you can ensure if the fund manager has the capability to meet your investment targets.
7. Keep in mind that putting your money in pooled investments involves risks as it is not controlled by the Philippine Deposit Insurance Corporation. Pooled investment isn’t the best option if your objective is to preserve your capital.

The post How to Invest and Grow your P 10,000 appeared first on Pinoy Business Ideas.

Many Filipino families and individuals who are already employed and have stable jobs are considering opening their own business, just to make both ends meet.

And there are a lot of great business ideas and concepts out there, however, the question is the cost. It is definitely not easy to start a business with no capital. But nobody says it is impossible either.

So if you are thinking about starting a business and you have that drive and determination to succeed, know that you can make it happen. There are ways for you to make it happen even with very little or no money at all. Here’s how.

1. Do not quit your job just yet. Opening your own business is already risky, let alone opening it with very little or no capital. You need to make sure you still have your continuous flow of income so do not quit your job so that you still have money to pay your bills and you can save for the growth and expansion of your business.

2. Choose a service oriented business. If you considering selling or retailing products, it will be hard to start because it will require a capital. However, you can leverage on your skills and sell your services. This can help you build up funds for the future in case you decide to switch to a product-based business.

There are just an endless list of the services that you can actually make money from. We all have talents and skills so why don’t you bank on yours. This is even more enjoyable especially if you are doing something that you love and passionate about, just like photography, writing, tutoring musical instruments, and a whole lot more.

Read also: Small Business Ideas In Philippines

3. Minimize the needs of your business. If you are just starting out maybe as a freelancer, try to do all the work at first and be the sole employee of your company. This way, you won’t even have to rent a space because you can just work from home and you don’t have to pay other employees.

The post Start a Low Capital Business or No Money at All appeared first on Pinoy Business Ideas.