Eager to run your own restaurant and bar? Would you like to be in business for yourself, but not by yourself? Even if you don’t have any restaurant background. We’ll teach you the ropes.
Strong Padis Identity
According to study by the Philippine Franchising Association, the success rates of entrepreneurs who operates a franchise is a high 97% compared to the 33% for those who start up their own independent business. A franchise benefits from the tried and proven success formula of the franchise.
High Quality Food with Value Pricing
According to study by the Philippine Franchising Association, the success rates of entrepreneurs who operates a franchise is a high 97% compared to the 33% for those who start up their own independent business. A franchise benefits from the tried and proven success formula of the franchise.
Support Systems to Ensure Success
According to study by the Philippine Franchising Association, the success rates of entrepreneurs who operates a franchise is a high 97% compared to the 33% for those who start up their own independent business. A franchise benefits from the tried and proven success formula of the franchise.
How to Franchise Padi’s Point:
Franchising offers an excellent opportunity for individual to build on a business foundation already established and tested for economic viability.
There is no need have any specific industry -related experience to own a Padi’s Point Restaurant and Bar. Our franchise program provides training and on-going support designed to make implementing our system as easy as possible. We provide a performance-tested operating system that’s ready to go. Comprehensive on going assistance is provided in everything from site selection to food preparation, from staff training to customer service techniques to marketing.
Frequently Asked Questions:
What type of franchise is available?
Padi’s Philippines Corporation offers INDIVIDUAL franchises for the development and operation of bar and grill restaurants serving value food and drinks at affordable prices, with well-known “Padi’s Point” ambiance, operating under the name PADI’S POINT RESTAURANT AND BAR.
How much is the total investment for the franchise?
The total investment estimated for this franchise ranges from P5,000,000 to P10,000,000 (inclusive of franchise fee of P1,000,000). The cost depends on the size and the type of entertainment in the branch (the smaller the branch, the cheaper it will cost). The franchise fee covers the cost of providing you with the system, business opening assistance, initial training, and other support and franchise development services. In addition to franchise fee, the total investment figure includes the cost of working capital as well as construction cost and other expenses.
How much is the fee for continuing support services?
The continuing services, or “royalty” fee, will be 5% of the gross sales derived from the franchised business. It is paid monthly. This fee entitles you to continued use of the PADI’S POINT name and trademarks, access to operating systems, marketing assistance, ongoing business development, consultation, and other benefits that come with being a part of the PADI’S PHILIPPINES ORGANIZATION.
What about advertising?
Building recognition of the PADI’S POINT name and reputation is an important part of the business. You will spend approximately P100,000 to P150,000 on Grand Opening Advertising during the first two months of operation. PADI’S PHILIPPINES CORPORATION will guide you on how to attain the most effective results during this Grand Opening period. You will also spend between 1% to 2 % of your gross sales each month on local advertising and other promotions, which may include advertising on newspaper, direct mail advertising or promotional efforts through ther media. An advertising fund has been established to which you will be required to contribute an amount equal to 1.5% of your Gross Sales.
How much training is provided for in the PADI’S PHILIPPINES CORPORATION’s system of operation?
After you sign a franchise agreement, you will attend training for about two business days regarding corporate history, site selection, negotiations, and preparations. Before you open for business, you and your manager will participate in an initial training course of approximately four weeks at a location we specify. This course provides classroom as well as on-the- job training in all aspects of the business including inventory control, customer service, economics, advertising, public relations, operating procedures and personnel issues. Additionally, before and after the opening of your restaurant, one of our company’s representatives will help you with the start up operation of your business.
What form of continuing guidance will I receive?
You will receive periodic visits from your franchise representative who will provide guidance and quality control, and answer any questions you may have. Our company may periodically provide refresher training programs. You will receive a copy of the Confidential Operations Manual, which covers the policies and procedures involved in running your business. This manual will be continuously updated and revised if necessary throughout the operation of your franchise.
Will I have an exclusive territory?
You will not receive an exclusive territory. However, Padi’s Philippines Corporation will see to it that each site will service the optimal population to make the business viable.
What is the term of the franchise agreement?
The term of the franchise agreement is five years. The franchise is renewable for up to one additional five year term, provided renewable criteria are satisfied.
What’s my next step?
Just fill out a Franchise Evaluation form and return it to us. If, after reviewing your qualifications, we feel you have the potential to join the exciting PADI’S PHILIPPINES family, you’ll be invited to meet with us in person.
Contact Details of Padi’s Point:
PADI’S PHILIPPINES, INC.
#56 C. Benitez St., Cubao,
Quezon City, Philippines
Tel: (02) 725-5021
Email: [email protected] / [email protected]
Website: www.padispoint.com
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Basics of Franchising Padi’s Point Restaurant & Bar
Franchising benefits
Franchisees gain access to a proven business model, established brand reputation, and ongoing support from Padi’s Point Restaurant & Bar, reducing the risks associated with starting a new business. They benefit from collective advertising and marketing efforts conducted by the franchisor, which can result in increased customer traffic and sales. Franchisees also have the opportunity to tap into the training and operational resources provided by the franchisor, enhancing their chances of success and profitability. Below are just a few pointers why franchising Padi’s Point Restaurant & Bar is beneficial for the inverstors:
High success rate due to its business model rather than starting from scratch.
Franchising Padi’s Point Restaurant & Bar offers the advantage of tapping into an established reputation and customer base, which can significantly reduce the time and effort required to build brand recognition. Additionally, franchisors typically provide comprehensive training, ongoing support, and proven business models, mitigating many of the risks associated with starting a new venture.
Franchisees benefit from economies of scale in purchasing, marketing, and operational support, which can lead to cost efficiencies and improved profitability.
Overall, franchising offers a structured pathway to entrepreneurship with a higher likelihood of success compared to launching a new brand independently.
Padi’s Point Restaurant & Bar is a recognized brand or trademark that can bring you success.
Success is achievable for franchising recognized brands like Padi’s Point Restaurant & Bar due to their established reputation, which can attract customers more readily and build trust faster than starting a new brand. Franchisees benefit from proven business models, operational support, and marketing strategies provided by Padi’s Point Restaurant & Bar, reducing the risks associated with independent entrepreneurship.
Additionally, being part of a well-known brand network offers access to economies of scale, collective marketing efforts, and a support system among fellow franchisees, enhancing the likelihood of success.
Availing financing from various sectors is highly likely due to a good brand reputation.
Financing is often more readily available when franchising a reputable brand due to several factors. Banks and lenders are typically more willing to provide loans to franchisees of established brands because they have a proven track record of success and lower risk compared to new, unproven businesses.
Additionally, franchisors may have relationships with financial institutions or offer financing options themselves, making it easier for franchisees to secure funding. The recognizable brand name and business model of Padi’s Point Restaurant & Bar also provide a level of security for lenders, increasing the likelihood of loan approval and favorable terms for franchisees.
Formula for success that a franchisor may provide.
Low-cost supplies and efficient supply chain management contribute to higher profit margins for franchisees by reducing the cost of goods sold. Effective marketing increases brand visibility and customer traffic, leading to increased sales and revenue. A prime location maximizes foot traffic and accessibility, further enhancing the franchisee's revenue potential and profitability.
5 things to consider when franchising Padi’s Point Restaurant & Bar
1 Make sure that you really want to own this franchise and this will best fit your venture among other offered business opportunities.
2 Be certain that you can work harmoniously with Padi’s Point Restaurant & Bar franchise and it is within your interest. A visit to one of the franchise store will help you be more aware of operation and proceedings.
3 Carefully study the Terms and Condition, Franchise Agreement, and what are included in franchising Padi’s Point Restaurant & Bar.
4 Check if Padi’s Point Restaurant & Bar franchise will be compatible with the rules and regulation, as well as existing laws on chosen location.
5 Best location is one key aspect to have a successful Padi’s Point Restaurant & Bar franchise. Study the environment and see if your business suits the surroundings.
Successful frachising 101
Becoming a successful Padi’s Point Restaurant & Bar franchisee requires a combination of strategic planning, dedication, and hard work. Here are some steps you can take to increase your chances of success:
Research
Start by researching various franchise opportunities to find one that aligns with your interests, skills, and financial resources. Look for franchises with a proven track record of success, strong brand recognition, and a supportive franchisor.
Understand the Franchise Agreement
Carefully review the franchise agreement, including all terms, fees, and obligations. Make sure you fully understand the expectations and requirements of being a franchisee.
Financial Planning
Evaluate your financial situation and determine how much capital you have available for investment. Consider not only the initial franchise fee but also ongoing expenses such as royalties, marketing fees, and operational costs.
Training and Support
Choose a franchise that offers comprehensive training and ongoing support to franchisees. Take advantage of all training programs provided by the franchisor to learn the ins and outs of the business.
Location Selection
If the franchise involves a physical location, carefully choose the location for your business. Consider factors such as foot traffic, demographics, competition, and lease terms.
Follow the System
One of the benefits of franchising is that you're buying into a proven business model. Follow the franchisor's system and guidelines closely to increase your chances of success.
Provide Excellent Customer Service
Focus on providing excellent customer service to build a loyal customer base. Happy customers are more likely to return and recommend your business to others.
Marketing and Promotion
Take advantage of the marketing support provided by the franchisor, but also be proactive in promoting your business locally. Utilize social media, local advertising, and community events to attract customers.
Manage Finances Wisely
Keep track of your finances closely and manage expenses efficiently. Monitor your cash flow, budget carefully, and seek professional advice if needed.
Adapt and Innovate
Be willing to adapt to changing market conditions and customer preferences. Look for opportunities to innovate and differentiate your business from competitors.
Network with Other Franchisees
Connect with other franchisees within the same system or industry to share insights, experiences, and best practices. Networking with fellow franchisees can provide valuable support and advice.
Stay Committed
Building a successful franchise takes time and effort. Stay committed to your business, remain focused on your goals, and be prepared to overcome challenges along the way.
By following these methods and staying dedicated to your business, you can increase your chances of becoming a successful Padi’s Point Restaurant & Bar franchisee.