LOCO is a coffee shop founded by a group of friends with a passion for coffee and a deep yearning to promote locally sourced coffee starting in Panay and eventually, they hope to be able to source and promote beans from all over the Philippines.
LOCO aims to be the top brand that comes to mind when consumers think of iced (cold-brew) coffee by serving locally sourced, delicious and affordable coffee in convenient locations while empowering local farmers. It hopes to be able to create a sustainable social enterprise that allows consumers to enjoy coffee at a fair price and in the process. Continually sell enough to be able to support local farmers.
LOCO makes it a point to meet the farmers bypassed by big companies. These are the small family-owned farms whose yield is not be able to compete with the volume produced by the more affluent growers. LOCO always makes an effort to get to know these farmers hoping to strengthen ties with them by meeting their families, knowing their stories and the challenges they face in growing, harvesting and processing the coffee. Through this, LOCO hopes to be able to address these problems in cooperation with the farmers. And be able to improve the quality and yield of their produce.
LOCO’s flagship product is cold brew coffee – a process that does not expose the beans to heat, making it less acidic and sweeter. It also forgoes using electricity and expensive equipment making it a more feasible business idea with a cheaper start-up cost than most coffee shops/stalls.
The owners- Mica, Achilles and Ayn first sold their first cup on April 30, 2016 at the 2nd Produkto Lokal Fair held at the Molo Mansion. They then opened their first store at the Food Park on May 16, 2016.
Less than a year later, they opened their 2nd branch in 012 General Luna St. in Iloilo City.
How to franchise LOCO Local Coffee:
Franchise Fee: Contact Us
Franchise Inclusive of:
- Use of Trademark
- Site Approval
- Training for Franchisee and Staff
- Procurement Program
- Marketing Assistance
- Opening Assistance
- Operations Manual on Loan
- Research and Development
Initial Term: Four (4) years
Renewal Term: Four (4) years
Required Space: minimum of 4 square meters
Area Franchise
- Authorized to open 3 outlets in an exclusive territory
- Franchise Fee: Contact Us
- Initial Term: Six (6) years
Steps to own a LOCO Local Coffee Franchise
1. Fill-out the Confidential Questionnaire and send it together with your Letter of Intent to:
Achilles A. Tan
Contact No.-09256789420
Email Add: [email protected]
2. We will review your application.
3. You will be invited to discuss franchise details.
4. We will present you the LOCO Franchise Disclosure Information.
5. Your proposed location will be examined.
6. The Franchise Agreement will be executed.
7. Outlet set-up and staff training will commence.
8. We will provide pre-opening and marketing assistance.
9. Congratulations on your Grand Opening!
Contact Details of LOCO Local Coffee:
Contact Person: Achilles A. Tan
Contact No.: (0925)678-9420
Email Add: [email protected]
Facebook Page (This link will open on a new window)
Basics of Franchising LOCO Local Coffee
Franchising benefits
Franchisees gain access to a proven business model, established brand reputation, and ongoing support from LOCO Local Coffee, 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 LOCO Local Coffee is beneficial for the inverstors:
High success rate due to its business model rather than starting from scratch.
Franchising LOCO Local Coffee 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.
LOCO Local Coffee is a recognized brand or trademark that can bring you success.
Success is achievable for franchising recognized brands like LOCO Local Coffee 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 LOCO Local Coffee, 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 LOCO Local Coffee 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 LOCO Local Coffee
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 LOCO Local Coffee 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 LOCO Local Coffee.
4 Check if LOCO Local Coffee 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 LOCO Local Coffee franchise. Study the environment and see if your business suits the surroundings.
Successful frachising 101
Becoming a successful LOCO Local Coffee 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 LOCO Local Coffee franchisee.