Case Study 1: The Generics Pharmacy Brief Identification Year launched: Franchise operations started in 2007. Key contacts: The Generics Pharmacy‚ 459 Quezon Ave.‚ Banaue‚ Quezon City. Tel. 632-732-3333; 632-712-7777 Brief background or history: The mother company (Pacific Insular Co.) that gave birth to The Generics Pharmacy (TGP) franchise started in 1949 as a family enterprise involved in pharmacy importation and distribution. In 1974‚ the current TGP President‚ Mr. Benjamin Liuson
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size and growth trend of the industry served. 2.I Can Open My Franchise for Less Than the Franchisor Predicts. Don’t mislead your franchisor. If you are overly optimistic and undercapitalized you may be doomed to failure–through no fault of your franchisor. 3.Bigger is Better. The more franchises exist in a chain‚ the more successful they all must be. Great marketing‚ aggressive salesmen‚ and an attractive industry can cause a franchise system to grow even though there are better franchisors in the
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and because we love to be our own boss and‚ we don not have the skills to trade on the market‚ we decided to purchase an established franchise in the fast-food area to make some investments. We chose two franchises: L‚ Lisa’s Soups‚ Salads‚ & Stuff which serves breakfast and lunch; and S‚ Sam’s Fabulous Fried Chicken that serves dinner. We think these two franchises are perfect complement to each other‚ also we estimate that both projects has the same risk characteristics‚ and for that we required
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strategy that differed from most other franchising companies at the time. Boston Chicken focused its expansion through franchising the company through large regional developers rather than selling store franchises to a large number of small franchisees. In that‚ an established network of 22 regional franchises that targeted their operations in the 60 largest U.S. metropolitan markets and in order to do so‚ the franchisee would have been an independent experienced businessman with vast financial resources
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customer service that consumers want I would hope to make the maximum amount of money possible from the franchise. How should goods and services be produced. After some research of opening a this franchise I found that the most important recourse to start a franchise is money: • Construction Costs…………………………..$230‚000 • Furniture Fixtures and Equipment…………..$120‚000 • Franchise Fee………………………………..$50‚000 • Soft Costs……………………………………$100‚000 • Working Capital…………………………….
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region and franchise stores range of options. In addition to Beijing‚ Shanghai‚ Guangzhou‚ Shenzhen and other cities and Suzhou‚ Wuxi‚ Zhejiang province a temporary joint venture and franchise business is not open to outside‚ in the second and third tier cities will open franchise business. to speed up its presence in China the layout of the market‚ some of the restaurant franchise fee may be as low as 200 million yuan or so. Meanwhile‚ McDonald’s opened its official website a new "franchise" channel
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cream flavors. Dippin Dots Inc. is a franchise that is continuing to grow rapidly‚ while experiencing a lot of national success. This is accomplished by maintaining high quality standards‚ top notch customer service‚ and by offering new and exciting products. Dippin Dots offers a very unique/innovative and fun product that none of its competitors can match‚ thus allowing the franchise to distinguish itself and have an advantage over the competition. The franchise offers a large variety of all their
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business or buying a franchise it is critical for one to determine the star-up cost associated with the business. However‚ the most import item one must look at is the breakeven point. The breakeven point is important because it helps one plan out its activities to gives business owners an idea of the sales needed to cover its cost before one can make a profit. Within this paper‚ Learning Team A will examine the start-up cost and breakeven point for a Snap Fitness franchise owner. Variable Costs
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We wanna hold your hand Take a big piece of business sense; add some entrepreneurial spirit and viola! You have a franchise. Starting up a franchise could be a very clever move for those who want to run their own show but don’t have the experience or the desire to set up in the dangerous and often short-lived world of the sole trader. But it’s vital to know that you’re getting into. Franchising is ‘the granting of a license by one person (the franchisor) to another (the franchisee) which entitles
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Hitachi Tower‚ Level 18‚ Singapore 589154 6th & 7th Floor‚ Me Linh Point Tower‚ 2 Ngo Duc Ke‚ District 1‚ HCMC‚ Vietnam About Us * Our Vision: Within the next five years‚ Vietnam Franchises will be the leading‚ most trusted‚ and “GoTo” franchise and licensing consultant for Vietnam and Asia. * Vietnam Franchises targets a select few concepts that are highly adaptable to Asia. These brands are selected due to their success internationally. They are recognized‚ proven brands with strong potential
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