Fajardo’s Family KTV started in February 2015 with only 1 KTV room, and it was registered to the DTI in January 22, 2016 with four (4) rooms by Mrs. Cecile Rivera Fajardo. Before, she worked abroad for 20 years on and off. Se got her Family KTV inspiration from abroad and wished that one day she could operate her very own KTV.
She started a catering business and events planner in her own place and later added 1 room with videoke. From there, she saw the potential in operating karaoke business. Then she added 2 more rooms every season until she maxed out her place and come up to 2 family rooms and five pocket rooms.
Fajardo’s Family KTV caters to small gatherings or even corporate events with a very affordable airconditioned karaoke rooms. And Fajardo’s Family KTV is proud to say that all of their employees are well trained to highest standard customer service and continuously upgrades their products and services. They make sure that Fajardo’s Family KTV will serve great food and that the customer will come back once they tried the food and services they offer. Fajardo’s Family KTV also believes that everyone deserves a place to hang out without spending too much money just to enjoy or celebrate their special day.
Currently, Fajardo’s Family KTV has one branch located at Block 27 Lot 25 Arkansas Street, Manuelaville Subdivision, Dasmariñas, Cavite and planning to expand in different city around the Philippines through franchising.
Mission:
Fajardo’s Family KTV is committed to provide high-quality service with clean, relaxing ambiance and enjoyed with touch of modernity music for the satisfaction of our customers and to value the use of money as we offer food and drink at affordable price.
Vision:
To be the KTV of choice for karaoke entertainment in the Philippines and to establish a successful relationship with our customers and our suppliers through our great people and a strong franchise system.
How to franchise Fajardo’s Family KTV:
Initial Fee: Php450,000.00
- Initial Term: 7 years
- Renewal Term: 7 years
- Renewal Fee: 50%
- Royalty Fee: 3%
- Required Minimum Space: 200 square meters
Capital Requirement: Php3.7 Million
Steps to own a Fajardo’s Family KTV Franchise
1. Fill out the Confidential Questionnaire. Together with your Letter of Intent, send them to:
Mr. Jacey R. Fajardo
0917-130-3013
Block 27 Lot 25 Arkansas Street,
Manuelaville Subdivision, Barangay Burol,
Dasmariñas, Cavite
Email Address: [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 Fajardo’s Family KTV:
Block 27 Lot 25 Arkansas Street,
Manueleville Subdivision, Barangay Burol,
Dasmariñas, Cavite, Philippines
Tel. No.: (02) 912-2946 / (02) 912-2973
Mobile No.: (0917)130-3013
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 Fajardo’s Family KTV
Franchising benefits
Franchisees gain access to a proven business model, established brand reputation, and ongoing support from Fajardo’s Family KTV, 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 Fajardo’s Family KTV is beneficial for the inverstors:
High success rate due to its business model rather than starting from scratch.
Franchising Fajardo’s Family KTV 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.
Fajardo’s Family KTV is a recognized brand or trademark that can bring you success.
Success is achievable for franchising recognized brands like Fajardo’s Family KTV 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 Fajardo’s Family KTV, 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 Fajardo’s Family KTV 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 Fajardo’s Family KTV
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 Fajardo’s Family KTV 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 Fajardo’s Family KTV.
4 Check if Fajardo’s Family KTV 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 Fajardo’s Family KTV franchise. Study the environment and see if your business suits the surroundings.
Successful frachising 101
Becoming a successful Fajardo’s Family KTV 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 Fajardo’s Family KTV franchisee.