Franchise - Binalot Fiesta Foods

Store Type	Franchise Fee	Contract Term	INCLUSIONS
Full Restaurant (Stand Alone or In Line) 21 – 150 sqm	Mega Manila 600,000.00 plus VAT Provincial & Inter Island 700,000.00 plus VAT Continuing Service Fee : 5% of Gross Sales Marketing Support Fund : 2% of Gross Sales	6 years	Site Evaluation and Assessment Initial Training ( 2 weeks for service crew and supervisor) Pre-Opening Assistance Initial Inventory ( P 30,000 ) Operations Manual
Cloud Kitchen can either be any one of the following: • Kiosk 6 to 25 sq. m. • Home-based Kitchen	P195,000 plus VAT Continuing Service Fee: 1% to 3% of Gross Sales net of VAT depending on the store’s sales performance Marketing Support Fund: 2% of Gross Sales net of VAT	3 years	Site Evaluation and Assessment Initial Training ( 2 weeks for service crew and supervisor) Pre-Opening Assistance Operations Manual

FULL RESTAURANT (stand Alone or In Line (21 – 150 sqm)

FRANCHISE FEE:
Mega Manila 600,000.00 plus VAT
Provincial & Inter Island 700,000.00 plus VAT

CONTRACT TERM: 6 years

INCLUSIONS:

Site Evaluation and Assessment

Initial Training ( 2 weeks for service crew and supervisor)

Pre-Opening Assistance

Initial Inventory ( P 30,000 )

Operations Manual

KIOSK (25 – 95 sqm)

FRANCHISE FEE:
Mega Manila 350,000.00 pus VAT
Renewal – Yearly of P 85,000

CONTRACT TERM: 3 years

INCLUSIONS:

Site Evaluation and Assessment

Initial Training ( 2 weeks for service crew and supervisor)

Pre-Opening Assistance

Initial Inventory ( P 30,000 )

Operations Manual

Continuing Service Fee : 5% of Gross Sales

Marketing Support Fund : 2% of Gross Sales

• Franchise fee

• Store Design and Construction

• Kitchen and Office equipment

• Point of Sales System (POS)

• Furniture & Fixtures

• Marketing collaterals

First Step

Franchise applicant submits a Letter of Intent together with his resume and a vicinity map of the proposed site, if any. Letter is sent via e-mail and is addressed to the following:

The Business Development Department
BINALOT FIESTA FOODS INCORPORATED
3481 B-2B Sta. Ana Drive, Barangay Sun Valley
Parañaque City 1700
Philippines
Email: ilovebinalot@gmail.com
The Business Development Officer contacts the Franchise applicant who will be asked to attend a franchise orientation.
Franchise applicant then submits an accomplished Franchise Qualification Form which will be provided by the Business Development Officer.

Second Step

Franchise applicant undergoes a preliminary interview. If favorable, he takes a franchise suitability test.
Franchisor inspects the proposed location. Franchisor may also present a list of sites to the Franchise applicant.
If the site passes the basic evaluation process, franchise applicant gives a reservation fee of PHP20,000 for Metro Manila and PHP40,000 for provincial areas, covering a 30-day period. Note that the reservation fee is transferable to another location and deductible from the franchisee fee; however, it is non-refundable.
Franchise applicant conducts a market study which is later on validated by the Franchisor.