Owning a business seems to be the end goal for many Filipinos, but with the hurdles that come with business ventures, not a lot of us are able to achieve this goal. For most of us who are considering starting a business but have no idea where or how to start, franchising might just be the way to go. Through franchising, you’ll be able to sell products or services of an already established brand, and you’ll receive expert assistance and support from your franchisor, too. If owning a franchise business is something you’re considering, here are some of the top franchising opportunities in the country that you can venture into.
1. Food Cart
Food carts or kiosks are great franchise opportunities for those who are new to business ventures. Food carts are one of the most affordable franchise businesses available, and with Filipinos’ love for food, this could mean a good success rate. These kinds of businesses can become highly profitable especially if placed in locations like bus and train stations, shopping malls, or near office buildings in central business districts. The minimum investment for a food cart can be as low as Php 20,000, but it can be much higher if you’re looking to franchise more established food cart brands.
2. Fast-food Restaurant
The Philippines has a thriving restaurant industry which also means competition can be tough. If you’re looking to own a restaurant, investing in an established fast-food restaurant franchise is a good option especially if don’t want to start from scratch. Keep in mind that franchising a popular restaurant that is well-loved by many Filipinos will require investing a huge amount of money. But, if you have enough capital, investing in these popular fast-food brands allows you to own a lucrative business that can possibly bring high profits.
3. Beverage Stand
With the country’s hot weather and the long tiring commutes that many modern Filipinos go through every day, there are a lot of us who would love to have something to drink as we take a short break. So, whether you’re selling a refreshing drink to quench our thirst or a hot cup of coffee to perk us up, a beverage stand is a franchise business that would be noticed and loved by many customers – given the right circumstances.
4. Water Refilling Station
There is a high demand for clean drinking water especially in countries like the Philippines where many households do not have access to potable water. A water refilling station makes a good business opportunity since almost every neighborhood would love to have one nearby for convenience sake. You can also choose from three different types of water that you can provide which are mineral water, purified water, or alkaline water.
5. Gas Station
In the Philippines where the vast majority of vehicles run on gas, owning a gas station can prove to be a profitable business to venture in. It requires huge upfront capital but if you have the funds and you found a great location for it, then investing in a gas station franchise may just be the right option for you. Gas stations are also easy to operate as gas prices are fixed and market regulated.
6. Health and Beauty
Businesses in the health and wellness industry and those providing style and beauty services are also great franchise opportunities in the Philippines. This is because many modern Filipinos live very busy lifestyles and many of us look for places where we can de-stress and take a break. Places like beauty salons and spas are go-to destinations for people who want to relax and feel pampered, while other people release stress by having satisfying workouts in fitness gyms.
7. Convenience Store
Owning a convenience store is a great way to enter the retail industry. You’ll be offering a range of everyday items such as snacks, drinks, coffee, and some grocery items, which means there will always be a demand for the items you sell. In the metro where many commuters go through long and tiring travels, convenience stores also offer a place for quick stops where they can rest a bit, grab a bite, and have a drink so they can re-energize themselves. Places with heavy foot traffic are also great spots to put up a convenience store.
8. Pharmacy
Many people take their health seriously so there will always be a need for medicines. In the past few years, more and more generic pharmacies have set up shops in the Philippines because of the rising demand for cheaper options when it comes to buying medicine. Generic pharmacies appeal to the masses because it offers medicine that they can afford compared to other products from large pharmaceutical companies.
9. Education
Parents want the best for their kids and supplementary education for their children is something that they are willing to spend money on. In the Philippines, there are many parents that both go to work and finding the time to help their kids study may be a bit challenging. This is why businesses that help children become more proficient in certain areas of study will always be in demand.
10. Laundry Shop
There is also a demand for accessible laundry shops especially in urban areas that are teeming with residential condominiums. Condo units usually have very limited space and finding an area for an in-unit washing machine and dryer may just be impossible. Many people also prefer to enjoy other activities during the weekends instead of being stuck at home doing laundry, so an affordable laundry service may be exactly what they need.
Just like any business venture, success and profitable returns are never a guarantee – especially in an ever-moving economy. But with proper research, the right circumstances, hard work and some luck, any of the franchise business opportunities listed here can spell success.
