Midas Touch Franchising Corporation is a Philippine company that was incorporated last October 27, 2010. Its aim is to offer a business package with just a small investment but with good financial return. It already offers several franchising packages, one of which is the Scramble King food cart franchise which already has more than 140 branches all over the country. It’s vision is to be recognized as the most successful franchising company in the country.
Frequently Asked Questions
Below are some information regarding the business packages offered by Midas Touch Ventures Franchising Corporation
What they look for in a potential franchisee?
A potential franchisee should be willing to invest money, to find a good location for the unit, and to follow the standards set by the company. Potential franchisee should also be committed to push the sales of their products.
How to apply for a franchise package?
A potential franchisee can inquire about a franchise opportunity through telephone, fax, email, or by visiting their office in person.
The potential franchisee should provide the following requirements in order to facilitate the application process: completed application form, photograph and location map of proposed site.
How much does the franchise fee cost and what are its inclusions?
A cart usually costs P75,000 to P190,000 each
The franchise fee includes the cart with the signages and its equipment.
There is no annual fees, no royalty fees, even store-opening fees.
It also includes the license which will allow the franchisee to operate and use the trademark of the franchise package he chooses. The franchise food cart terms is up to three (3) years.
How long does it take to start operating a franchise?
The process takes around 3 to 4 weeks. This includes the processing of applications, construction of the cart, preparation of equipment and materials, and training of crew.
How many units can one franchisee own?
A single franchisee can own as many as he wants as long as he may be able to pay the necessary fees connected with each franchise package and be able to observe the standard operation procedures of the company.
Where can potential franchisee locate their outlets?
Potential franchisee is recommended to locate their outlets anywhere with high foot traffic. The company will make sure that no two outlets of the same franchise package will be located within 500 meters of each other to fully gain the return of investment of each franchise outlets.
What are the dimensions of the food cart and what is the space requirement for each cart?
Each cart is 7 feet high, 2 feet wide and 3 feet long. The space where the food cart will be located should have an area of at least 2.5 meters x 2.5 meters.
How much is the Return of Investment?
The profit highly depends on the location of the carts. Gross margin is estimated at 50%.
What kind of training will the potential franchisee receive?
The potential franchisee plus his crew will be trained in basic cart operations and product handling.
Who will be responsible for the recruitment of the franchise outlet personnel?
The potential franchisee is responsible for selecting, screening and hiring of his own personnel.
What products will be sold in the franchise outlets?
The potential franchisee is only allowed to sell all the franchise products of a specific package. He is not allowed to sell any other items except for those specified by the franchising company.
The company will also provide the standard price list for all the products being sold in a franchise package.
How will the franchising company ensure product quality and that the standards of operations are being followed?
The company shall designate an agent who shall be responsible to audit shop operations.
Telephone nos.: (02)902-0934 loc. 1, loc. 2, and loc. 3
Fax no.: (02)415-3061
globe: 0917-733-3334, 0927-224-2222, 0927-900-0777
Address: #39 B. Dapitan Extension corner Apo Street, Sta. Mesa Heights, Quezon City, Philippines
Food Cart Packages Offered by Midas Touch Ventures Franchising Corporation
Below is a list of Food Cart Franchising Packages offered by Midas Touch Ventures Franchising Corporation: