Cycle House Philippines

While Mr. Jeff Chua was working for more than 10 years with one of the biggest consumer companies in the world. He was unexpectedly transferred to a job position that he did not expect. He realized that while there are advantages of being an employee, there were also disadvantages like one’s control over his or her destiny. Before he left his corporate career, Mr. Jeff was a former Assistant Vice President to the biggest retail company in the Philippines.

These turn of events led Mr. Jeff Chua to look for a part-time business that is low capital, has excellent margins and low-risk. He was in need of a fallback plan for him and his family as well.

After months of studying different industries, he found out that the motorcycle industry was growing very fast with 65% of registered vehicles in the country are now motorcycles. While the bicycle industry was also growing fast due to health benefits and promotions of the government in support of a greener environment. He also reviewed competition and found a niche where he can compete and win.

Thus, in July 2010, Cycle House started its operations and due to its astounding appeal of professionalized repair services for motorcycle and bicycle users.

Last January 2016, they have opened doors to franchising Cycle House to all business enthusiasts. They are under the management of Zyklus Concept, Inc. Currently, the company now has a total of nearly 10 branches in only one month of announcement of invitation to investors.

CycleHouse is owned by Zyklus Concept, Inc., a company duly licensed and registered (CS201512546) under Securities Exchange and Commission. Cyclehouse is the FIRST and ONLY franchising company that offers this this Motorcycle and Bicycle business concept.

How to franchise CycleHouse:

There are a lot of reasons why a franchise with CycleHouse is a practical and viable investment option.

As the FIRST and ONLY motorcycle and bicycle franchising company in the Philippines, CycleHouse offers aspiring entrepreneurs with a unique and exciting business opportunity.

Choose a package that suits your needs.

Depending on the type of branch that you want to open and the inventory level that you prefer, CycleHouse has friendly and attractive franchise packages to suit your needs.

1. Standard Franchise Package: Php448,000.00

• Projected Monthly Sales: Php600,000.00 – Php700,000.00 up*
• Discount on re-ordering: Less 3%
• Territorial Rights: 2kms
• Terms of Agreement: 6 yrs

2. Super Franchise Package: Php568,000.00

• Projected Monthly Sales: Php800,000.00 – Php1 Million up*
• Discount on re-ordering: Less 5%
• Territorial Rights: 2kms
• Terms of Agreement: 6 yrs.

3. Ultra Franchise Package: Php780,000.00

• Projected Monthly Sales: Php1 Million – Php2 Million up*
• Discount on re-ordering: Less 7%
• Territorial Rights: 2kms
• Terms of Agreement: 6 yrs

Included in the Franchise Package:

• Operations Manual on how to run the business profitably.
• Store design, merchandise set-up, local market study and store opening assistance.
• Supervisor, Staff and Bike Mechanic Training.
• Initial Stocks and Inventory Management System and POS (software).
• Store/Product signages and marketing collaterals.
• Right to use the Cycle House trademark and logo.

Other costs shouldered directly by the investor are the following:

• The space’s renovation and equipment (counters, shelves, electric fans,etc.)
• Rentals deposits to the lessor
• Initial business permits
• Motorcycle and bicycle tools
• Others cost not covered in the investment package to be invested to Cycle House

Contact Details of Cycle House:

#606 Araneta Ave., corner Victory Ave.,
Brgy. Tatalon, Quezon City, Philippines
Tel.: (0632)899-9699 / (02) 708-3463
Mobile No.: (0917)510-1331 / (0961)705-1974 / (0917)840-6880 / (0939)633-6533
E-mail: [email protected]
Website: www.cyclehouseinternational.com
Facebook Page (This link will open on a new window)

Basics of Franchising Cycle House Philippines

Franchising benefits

Franchisees gain access to a proven business model, established brand reputation, and ongoing support from Cycle House Philippines, 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 Cycle House Philippines is beneficial for the inverstors:

High success rate due to its business model rather than starting from scratch.

Franchising Cycle House Philippines 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.

Cycle House Philippines is a recognized brand or trademark that can bring you success.

Success is achievable for franchising recognized brands like Cycle House Philippines 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 Cycle House Philippines, 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 Cycle House Philippines 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 Cycle House Philippines

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 Cycle House Philippines 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 Cycle House Philippines.

4 Check if Cycle House Philippines 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 Cycle House Philippines franchise. Study the environment and see if your business suits the surroundings.

Successful frachising 101

Becoming a successful Cycle House Philippines 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 Cycle House Philippines franchisee.