2010 AFFI FILIPINO FRANCHISE SHOW: Set-up Your Own “Siomai Haus” or “Mrs. Siomai” and Invest Less/Earn More!!!
To get a branded Siomai Franchise (Siomai House or Master Siomai, The Number 1 and 2 in the country now) will mean the following:
1. Franchise Package of P250,000 (excluding mall or store improvements)
2. Your Food Margin on the Siomai is a low 20% (which means YOU HAVE TO SELL MANY SIOMAIS TO EARN)
3. You have to follow the Franchisor’s instructions to the letter. THE FRANCHISOR IS YOUR BOSS AND BUSINESS PARTNER.
What if you do not want have a boss, want to earn bigger margins and do not want to spend (or do not have) P250 thousand to spend?
ENTER JCM FOODLINK. They will sell you the siomai and siopao. You put-up your own brand and sell.
Branded siomai franchises will sell you the siomai at 20% less than your selling price of P25/order of 4-pc siomai or P20. JCM will sell you their siomai at P2/pc or P8/order and you sell at P25 for a MARGIN OF 68% (vs 20% of the branded siomais).
Of course, Siomai House and Master Siomai have brand-recalls. You will need to promote your products LOUDLY but still, a 300% difference in margins is something serious.
Given the high rent charged by malls and most prime locations, a siomai foodcart should sell at least P15 to 25,000 a day at 25% mark-up. In fact, the Siomai House in Ayala MRT reportedly sells about P60 – 70,000 a day. Think about it??!!!!!
Contact Nos. 887-0122
By the way, I am conducting a One-on-One Consultation on How to Setup and Operate Your Own Lotto Outlet. Topics include How to Evaluate a Site for Lotto, The Proper Way to Apply with the PCSO, Actual Operations, How to Prevent Fraud, How to Compete Against Other Lotto Outlets and many more. Please allot at least 2 hours for each session. My fee is only P2,000 per person (Group discount available). Just text me your full name and “Lotto Setup” to 0922-8831225 or call 514-2905 for details.
Acquiring a Lotto outlet is a lot cheaper than purchasing a Franchise from Zagu (P320,000) or Siomai House (P250,000) and it is simple to operate.
Latest news: PCSO has lowered the Cash Bond requirement and an individual is now allowed to own 3 lotto outlets.
By the way, due to limited storage space, I am transferring this blog to http://richardjosephsiy.blogspot.com. Meantime, all blog posts that appears here will also appear in my new Blogger blog. I invite you to visit my new blog by clicking this link My Guide to Food Cart, Ice Scramble, Lotto and Other Philippines Franchise.