Paylite Corner was created by the couple, Janet and William Cabello – both have the passion for food, as both work experiences are all related to food.
In this, plans of putting up their business was set in 2010. After months of checking the market coverage and products to be offered, the business was finally established in June 2011. It started as a mini convenience store offering pasta and three variants of rice toppings.
Despite having limited variants of offerings, higher number of regular customers and demands are arising. As a result, more variants are added in the menu and expanded the store for more dine-in customers.
The flagship store is located in New Lucban, Baguio City, a Baguio based university belt, offering rice toppings, side dishes, veggies, and barbecue or grilled variants.
To date, in spite of the pandemic, Paylite Corner is continuously fulfilling their customers in serving fresh cooked food with quality taste and servings.
Mission:
Paylite Corner is committed in providing standard quality and best-tasting busog meals in affordable price and in continuing to innovate and to create new variants that are satisfying to the customers.
Vision:
Paylite Corner vision is to expand and serve more satisfied customers nationwide. To be the brand that provides work and business opportunities to other entrepreneurs.
How to franchise Paylite Corner:
Initial Fee: Php180,000.00
Inclusive of:
- Use of Trademarks
- Site Approval
- Training for Franchisee and Staff
- Procurement Program
- Opening Assistance
- Operations Manual on Loan
- Research and Development
Bond: Php50,000.00
Initial Term: 4 years
Renewal Term: 4 years
Renewal Fee: 50%
Royalty Fee: 3% (Less CF)
Continuation Fee: Php9,000/Month
Total Capital Requirement: Php900,000.00
Required Space: 35 square meter
Steps to own a Paylite Corner Franchise
1. Fill-up the Confidential Questionnaire. Together with your Letter of Intent, send them to:
PAYLITE CORNER
Contact Person: Ms. Janet Hui Cabello
Contact Number: +639 08 867 4047
Email Address: [email protected]
2. We will review your application.
3. You will be invited to discuss the 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 Paylite Corner:
New Lucban Road, Baguio City, Philippines
Contact Person: Ms. Janet Hui Cabello
Landline: (08) 867-4047
Mobile: (0922)816-8513 / (0908)867-4047
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) 8912-2946 / 8912-2973
Mobile Nos.: (Globe) 0917.874.3620 / (Sun) 0933.864.2552
Email: [email protected]
Basics of Franchising Paylite Corner
Franchising benefits
Franchisees gain access to a proven business model, established brand reputation, and ongoing support from Paylite Corner, 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 Paylite Corner is beneficial for the inverstors:
High success rate due to its business model rather than starting from scratch.
Franchising Paylite Corner 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.
Paylite Corner is a recognized brand or trademark that can bring you success.
Success is achievable for franchising recognized brands like Paylite Corner 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 Paylite Corner, 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 Paylite Corner 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 Paylite Corner
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 Paylite Corner 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 Paylite Corner.
4 Check if Paylite Corner 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 Paylite Corner franchise. Study the environment and see if your business suits the surroundings.
Successful frachising 101
Becoming a successful Paylite Corner 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 Paylite Corner franchisee.