Franchising - Franchising

FRANCHISE APPLICATION

1. An application is considered submitted and for processing when requirements 1, 2, 3, 4, 5, and 6 are complied with. Only upon its submission will FDO process the application.

2. Only one (1) applicant per franchise branch is allowed. In cases of multiple applications in one area, the first one who submits the said requirements will be considered the applicant. Partial submission of requirements will be accepted but will not be considered as filed. It is only upon his/her disqualification will other applicants be entertained.

3. Franchise applicant then proceeds in making the market study on the proposed area. A market study form is provided by FDO. The franchise applicant has 15 days to submit the market study from the time of receipt of the market study form and communication from FDO. The application will be considered withdrawn if it is not submitted within the stipulated period. FDO will open the area applied for upon withdrawal of the franchise applicant. To re-apply, the franchise applicant has to send a letter of communication to FDO stating their interest to re-apply. This re-application would now be subject to evaluation and other franchise applications on line.

4. The initial fee of P30,000.00 is paid to JFC upon submission of the market study. Processing will not continue if initial fee payment has not been received. Non-payment after five days of receipt of market study will have the application considered withdrawn.

5. Finished market study is then submitted to FDO for verification. FDO decides within a period not exceeding 10 working days on the site of the franchise applicant.

6. Upon the payment of the initial fee, the franchise applicant then accomplishes and submits the following –

7. Contract of Lease (COL) and Lease Assignment Agreement (LAA) on the approved site should be submitted within 30 days from its approval or it will be considered withdrawn. No panel interview will be scheduled without the Contract of Lease and Lease Assignment Agreement. Should the application be considered withdrawn, franchise applicant may re-apply for the same area so long as there is no other applicant in consideration. A letter stating such should be sent to FDO.

8. Final approval of the franchise application will be made by the panel (composed of five panelist from the members of the ManCom and BOD).

9. Signing of the FRANCHISE AGREEMENT and LEASE ASSIGNMENT AGREEMENT shall be after the panel’s approval AND FULL PAYMENT OF THE ACCOUNTS UNDER FIXED INVESTMENT. The aggregate amount shall be P920,000 (the sum of P250,000 Franchise Fee + P250,000 Security Deposit + P420,000 Machinery & Signages )