Tapa King was first established in June 1987 as a “hole in the wall” operations in the business district of Makati City. Immediately Tapa King found its niche – the office workers who came for a quick and affordable meal yet delicious and extremely satisfying. Tapa King was likewise doing brisk business in delivering to buildings in Makati and nearby areas which later proved to be a major player in Tapa King’s business.
A decade after 1997, Tapa King’s one-store “hole in the wall” operations grew to 14 company-owned stores and the year marked the start of Tapa King’s franchising operations.
True to its commitment to quality – “Quality in our products, quality in our service and quality in our way”, Tapa King continues to grow. Over the years, we’ve expanded to 80 stores all over the Philippines and in neighboring countries.
How to Franchise Tapa King:
Tapa King started its franchise operations in 1997 and since then has relied on its franchise, our Owner/Operators, to play a major role in the Team’s success. Tapa King remains committed to franchising as a predominant way of doing business.
- We are actively seeking highly qualified business people to join their Team as Owners/Operators.
- Owning a Tapa King quick service restaurant [QSR] is a tremendous opportunity that is affordable. They are seeking individuals with significant business experience who have successfully owned or managed multiple business units or have lead multiple departments, and who have significant financial resource.
- We are a family of Owners/Operators, passionate about satisfying their customers, growing their business, making money and having fun.
Tapa King Franchise Package
Full Scale Store: Php1.2 Million
- Franchise Fee (Vat-in, Net of 2% EWT)
Your total franchise investment covers the following:
- Use of licensed trademark, name, and logo
- Site selection and evaluation assistance
- Architectural design and construction assistance
- Pre-opening and start-up assistance
- Comprehensive Franchise Operations Manual
- Training on management, operations, and customer service
- Grand opening and local store marketing assistance
Security Deposit: Php400,000.00
Royalty Fee: 6% of Gross Sales (which covers ongoing support and field visits)
Franchise Terms: Seven (7) years
Minimum Floor Area: 80 sqm.
Franchise Capex: Php7 Million — Php9 Million
Expected ROI: 4—5 years
Franchise Process
1. Brand Discovery and Franchise Offering
2. Letter of Intent (LOI) Submission
3. Application Submission and Financial Planning
4. Payment of Franchise Fee and Deposit (non-refundable)
5. Securing of Location, Signing of Lease and Franchise Agreement
6. Start of Franchise Outlet
Contact Details of Tapa King:
TAPA KING INC. (Head Office)
16 Armal Compound, F. Legaspi St.,
Maybunga, Pasig City, Philippines
Tel. No: (+632) 8888-8272
Mobile: (0917)634-2062
Email: [email protected]
Facebook Page: www.facebook.com/TapaKingPH/
Visit Website (This link will open on a new window)
Basics of Franchising Tapa King
Franchising benefits
Franchisees gain access to a proven business model, established brand reputation, and ongoing support from Tapa King, 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 Tapa King is beneficial for the inverstors:
High success rate due to its business model rather than starting from scratch.
Franchising Tapa King 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.
Tapa King is a recognized brand or trademark that can bring you success.
Success is achievable for franchising recognized brands like Tapa King 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 Tapa King, 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 Tapa King 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 Tapa King
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 Tapa King 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 Tapa King.
4 Check if Tapa King 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 Tapa King franchise. Study the environment and see if your business suits the surroundings.
Successful frachising 101
Becoming a successful Tapa King 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 Tapa King franchisee.