Developed and conceptualized in Taiwan in the year 2018, Milk Fridge Taiwan Bubble Tea opened its first flagship store located in San Fernando, Pampanga, Philippines in February of 2019. Soon after, it easily gained a huge following in the region, quickly becoming the most preferred and most popular milk tea brand across the area, despite of the various, already-existing milk tea stores in the market. Its offered beverages became instant crowd favorites as each drink uses only the highest quality, premium ingredients imported from Taiwan, Milk Fridge Taiwan Bubble Tea takes most pride in its milk tea offerings, as each drink is brewed fresh everyday and is prepared with utmost care.
Because of its premium drinks, Milk Fridge has been known not only in Pampanga and its outskirts, but it has also started to gain popularity across different parts of the country in a small period of time. Consumers coming from different cities and provinces across the Philippines have been flocking to its flagship store just to be able to taste its top selling drinks. Because of its huge potential to reach a much wider market, Milk Fridge Taiwan Bubble Tea started to turn to franchising as a tool to expand in the fastest and most efficient way, with the hope of becoming one of the top milk tea brands both locally and globally.
Mission:
Our mission is to create an exceptional customer experience by providing the most innovative, reasonably priced, and well-crafted beverages to its consumers.
Vision:
Our vision is to be the top and most preferred Filipino-owned Milk Tea chain in the Philippines and in other international markets, without compromising its high product quality along its expansion.
How to franchise Milk Fridge:
Initial Fee: Php600,000.00
Inclusions of:
- Site approval
- Training for Franchisee and Staff
- Procurement program
- Opening assistance
- Operations manual on loan
- Research and Development
Investment Package: Php400,000.00
Inclusions of:
- Initial Inventory
- Utensils
- Equipment
Initial Term: 5 years
Renewal Term: 5 years
Renewal Fee: 50%
Capital Requirement: Php1.8 Million
Royalty: 3%
Required Space: 50 sqm.
Steps to own a Milk Fridge Franchise
1. Fill out the Application Form. Together with your Letter of Intent, send them to:
Ms. Reanne Estacio
Mobile: 0920-975-9019
Email: [email protected]
2. We will review your application.
3. You will be invited to discuss franchise details.
4. We will present you with the Franchise Disclosure Information.
5. Your proposed location will be visited and thoroughly checked.
6. The Franchise Agreement can now be executed.
7. Outlet set-up and staff training will commence.
8. We will provide pre-opening assistance.
9. Congratulations on your Grand Opening!
Contact Details of Milk Fridge:
Landmark Building, Mc Arthur Highway,
Barangay Maimpis, City of San Fernando,
Pampanga, Philippines
Mobile No.: (0920)975-9019
Email: [email protected]
Facebook Page (This link will open on a new window)
or
RK FRANCHISE CONSULTANCY, INC.
G/F Minnesota Mansion, 267 Ermin Garcia St.,
Cubao, Quezon City, Philippines
Tel Nos.: (02) 912-2946 / 912-2973 / 995-0734
Fax No.: (02) 911-1966
Cebu Branch:
Tel No.: (032) 253-5010
Fax No.: (032) 254-0473
Email: [email protected] / [email protected]
Basics of Franchising MILK FRIDGE Taiwan Bubble Tea
Franchising benefits
Franchisees gain access to a proven business model, established brand reputation, and ongoing support from MILK FRIDGE Taiwan Bubble Tea, 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 MILK FRIDGE Taiwan Bubble Tea is beneficial for the inverstors:
High success rate due to its business model rather than starting from scratch.
Franchising MILK FRIDGE Taiwan Bubble Tea 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.
MILK FRIDGE Taiwan Bubble Tea is a recognized brand or trademark that can bring you success.
Success is achievable for franchising recognized brands like MILK FRIDGE Taiwan Bubble Tea 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 MILK FRIDGE Taiwan Bubble Tea, 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 MILK FRIDGE Taiwan Bubble Tea 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 MILK FRIDGE Taiwan Bubble Tea
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 MILK FRIDGE Taiwan Bubble Tea 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 MILK FRIDGE Taiwan Bubble Tea.
4 Check if MILK FRIDGE Taiwan Bubble Tea 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 MILK FRIDGE Taiwan Bubble Tea franchise. Study the environment and see if your business suits the surroundings.
Successful frachising 101
Becoming a successful MILK FRIDGE Taiwan Bubble Tea 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 MILK FRIDGE Taiwan Bubble Tea franchisee.