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    Famous Belgian Waffle Franchise Terms

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    Chilton John Duat
    The document provides information on a franchise package for a famous Belgian waffle food cart business. The package includes use of the trademark, a business operating system for food preparation and management, site evaluation and lease assistance, store setup, training, opening assistance, ongoing support, a 3-year contract term, and other startup costs and requirements. Financial projections estimate a monthly net profit of $78,600 with a 183% annual return on the $515,000 total investment and a payback period of 6-7 months.

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    Famous Belgian Waffle Franchise Terms

    Uploaded by

    Chilton John Duat
    2K views4 pages
    The document provides information on a franchise package for a famous Belgian waffle food cart business. The package includes use of the trademark, a business operating system for food preparation and management, site evaluation and lease assistance, store setup, training, opening assistance, ongoing support, a 3-year contract term, and other startup costs and requirements. Financial projections estimate a monthly net profit of $78,600 with a 183% annual return on the $515,000 total investment and a payback period of 6-7 months.

    Original Description:

    food kiosk

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    The document provides information on a franchise package for a famous Belgian waffle food cart business. The package includes use of the trademark, a business operating system for food preparation and management, site evaluation and lease assistance, store setup, training, opening assistance, ongoing support, a 3-year contract term, and other startup costs and requirements. Financial projections estimate a monthly net profit of $78,600 with a 183% annual return on the $515,000 total investment and a payback period of 6-7 months.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    2K views4 pages

    Famous Belgian Waffle Franchise Terms

    Uploaded by

    Chilton John Duat
    The document provides information on a franchise package for a famous Belgian waffle food cart business. The package includes use of the trademark, a business operating system for food preparation and management, site evaluation and lease assistance, store setup, training, opening assistance, ongoing support, a 3-year contract term, and other startup costs and requirements. Financial projections estimate a monthly net profit of $78,600 with a 183% annual return on the $515,000 total investment and a payback period of 6-7 months.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
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    The key takeaways are the details of the franchise package for Famous Belgian Waffles including costs, benefits, responsibilities and requirements.

    The franchise package includes the use of the trademark, business operating system, site evaluation assistance, store set-up, training, opening assistance and ongoing support. It also outlines the costs and terms of the package.

    The requirements to apply include submitting an application, letter of intent, location sketch, paying an application fee and undergoing an interview process if approved. The applicant must also secure the lease for the proposed location.

    FRANCHISE PACKAGE

    Trademark : FAMOUS BELGIAN WAFFLE-The Original Waffle Sandwich


    Owner & Operator : Innovention Food Resources Inc.
    Nature of Business : To sell freshly baked Belgian waffle sandwich and hot & cold beverages.
    Store Type : Food Cart or Kiosk and Counter type
    Package Cost : P400,000 (Standard Cart), P460,000 (Kiosk) and P530,000 and up (Counter type
    store); all excluded of tax.
    Terms of Franchise : 3 years (subject to renewal)
    Royalty : 10 % of net purchase (after VAT)
    Marketing Fee : 3% of monthly gross sales (only if applicable)
    Ideal Location : Malls, Business Districts, Building Cafeterias, School Cafeterias, Hospital
    Cafeterias, Airport, Transport Terminal, Commercial Areas and hospitals.
    Space Requirement : Maximum of 4 sqm for Cart; Maximum of 6sqm for Kiosk and Minimum of
    16sqm (Counter)

    Franchise Package Includes the following:

    1. Use of FAMOUS BELGIAN WAFFLES trade mark.


    a. The franchisee is given the privilege to use FBWs registered trademark during the duration of
    the contract.

    2. Business Operating System


    a. The franchisees are given the privilege to sell the FBWs proprietary products such as its
    Belgian Waffle Sandwich, its fillings and beverages.
    b. The franchisees can use the business operating system developed by Innovention Food
    Resources Inc. from food preparation to business reporting and management in order to ensure
    smooth operation of the outlet. The business operations system includes the following:
    i. Outlet Daily Operation Daily management of the cart, cooking equipment and fixtures
    maintenance, workplace safety. Customer relation management and how to handle complaints.
    ii. Outlet accounting preparation of daily and monthly sales report, inventories report, and
    cash management.

    3. Site Evaluation and Securing of lease


    a. The franchisor will evaluate franchisees proposed store location; upon approval, payment of
    the necessary deposit shall be made by the franchisee.
    b. The franchisor can assist the franchisee in securing a lease agreement with the lessor of the
    proposed location.

    4. Store Set-Up

    Unit Q Magnitude Bldg. 168 E. Rodriguez Jr. Avenue, Bagumbayan, Quezon City
    www.thef amousbelgianwaff les.com ; f amousbelgianwaff [email protected] ;
    (02)4252591; 0917-5594318: 09153933383;
    a. No additional delivery cost for the Famous Belgian Waffle proprietary cart, cooking
    equipment and other small wares within Metro Manila.

    b. For outlets located outside MM, delivery and installation/assembly or set-up of the
    abovementioned items/fixtures shall be shouldered by the franchisee.

    5. Pre-Operating Training and Orientation


    a. Initial training of the franchisees crew is covered by the franchise package; training of the
    franchisees additional personnel will be charge to the account of the franchisee.
    b. Training Includes, food preparation, food safety. Sales training and report preparation.
    c. Allowance of the franchisees personnel during the training period shall be shouldered by the
    franchisee.

    6. Opening Assistance
    a. A franchisors representative will supervise and assist the newly opened store of the
    franchisee for three days. Franchisee will shoulder the transportation and board & lodging of
    the franchisors representative.
    b. The franchisors representative will also provide marketing support and supervision.

    7. On-going support
    a. Franchisees can expect continuous nationwide marketing initiatives that may include brand
    awareness activities, new product development and advertisement-to be shouldered by the
    common fund of franchisor and franchisees.
    b. At any time, a franchisee can consult with the franchisor regarding any local marketing
    concern of the latter.
    c. In store operation audit, the franchisor can dispatch in random a mystery shopper to audit the
    stores actual performance. There will also be a regular visit by the franchisors representative
    to determine the performance and situation of each outlet.
    d. FBWs continuous research and development efforts aim to improve and upgrade both FBWs
    products and business operation.

    8. Terms of Contract
    a. The term of the contract of FAMOUS BELGIAN WAFFLES is Three (3) years, upon signing of the
    Franchise Agreement.
    b. Upon the mutual agreement of both parties, the contract may be renewed again.

    9. Other Pre-Operating Investment and Expenditures


    a. Store location security deposit and advance payment.
    b. Cost of business registration to various agencies such as DTI, City hall or Municipal and BIR.
    c. Training Allowance of the personnel.
    d. Site Improvement or renovation (if applicable).
    e. 3 months working capital.

    Unit Q Magnitude Bldg. 168 E. Rodriguez Jr. Avenue, Bagumbayan, Quezon City
    www.thef amousbelgianwaff les.com ; f amousbelgianwaff [email protected] ;
    (02)4252591; 0917-5594318: 09153933383;
    10. Procedure for Application
    a. Submit the following to the Franchise Officer or Area Manager
    i. Franchise Application Form with 2x2 picture.
    ii. Letter of Intent (indicate the exact address where you want to set-up your business).
    iii. Sketch map (include landmark) of the proposed location.
    b. Payment of Processing fee of P5,000 (Greater Manila Area) or P10,000 for provincial location
    to start the application process. The Processing fee is non-refundable, but deductible from the
    franchise investment.
    c. Applicant will receive a feedback if the application or the location has been approved or
    disapproved after one week from the submission of the above mentioned requirement.
    d. If approved, the applicant will be interviewed and will be required to secure the lease of the
    proposed location.
    e. Review and signing of the agreement
    f. Payment of 70% of the total franchise package.
    g. Cart construction (3-4weeks) and personnel training (1week) will commence, another week of
    apprenticeship in an actual store can be arrange but its not required.
    h. Full payment of the total franchise package upon delivery of the cart, kitchen equipment and
    other peripherals
    i. Grand opening of franchise outlet.

    Unit Q Magnitude Bldg. 168 E. Rodriguez Jr. Avenue, Bagumbayan, Quezon City
    www.thef amousbelgianwaff les.com ; f amousbelgianwaff [email protected] ;
    (02)4252591; 0917-5594318: 09153933383;
    FINANCIAL PROJECTION

    I. INCOME PROJECTION

    MONTHLY SALES (Average daily sale: P8000x30days)* P240,000


    Less:
    Cost of Goods (35%) 84,000
    Royalty (10%) 8,400
    GROSS PROFIT P147,600

    Less: OPERATING EXPENSE


    Rent (base on SM Prime mall rate/4sqm) or 15% of Sales tax included P40,000
    Salary (2 personnel x 350/day x 30days) P21,000
    Electricity (Mall Rate) P6,000
    Misc P2,000

    MONTHLY NET PROFIT Before TAX P78,600

    II. RETURN ON INVESTMENT

    Franchise Investment P400,000 (standard food cart)


    Lease Deposit P75,000
    Permits and Registration P25,000
    Logistics P10,000
    Training Allowance etc. P5,000

    Total Investment P515,000


    Annual Net Profit P943,200
    ROI 183% per annum
    Payback Period 6.5 to 7 months

    *P8000 daily sales is equivalent to 177servings waffles sandwich x P45(average selling price)

    For further inquiries please call: Monica Rojas at 0917-5594318 / 0915-3933383 / 425-2591

    Unit Q Magnitude Bldg. 168 E. Rodriguez Jr. Avenue, Bagumbayan, Quezon City
    www.thef amousbelgianwaff les.com ; f amousbelgianwaff [email protected] ;
    (02)4252591; 0917-5594318: 09153933383;

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