Kuya J launches franchise program
Source：Business Mirror
From：Taiwan Trade Center, Manila
Update Time：2019/01/11
Planning to expand its nationwide footprint, casual-dining bistro Kuya J Restaurant has launched its franchise program. It would give potential franchisees a chance to be a part of this homegrown brand at minimal costs.
With this offering, the Kuya J Group Holdings Inc. (KJGHI) could shoulder up to 70 percent of the capital requirement through an in-house financing program that covers support programs such as business-development support, service-training programs, management systems and marketing programs.
The loan term is for five years with an annual interest of 8 percent.
A franchisee has the option to pay the balance of 30 percent via their store’s operating revenues.
Depending on the area, location and format of the store, the total investment ranges from P10 million to P15 million, which includes a franchise fee of P1.2 million and a service fee of P300,000.
The franchise term of Kuya J’s is 10 years and is renewable upon management’s approval with applicable fees.
KJGHI President Winglip K. Chang said during the franchise program’s official launch held at the SMX Convention Center, SM Aura Premier in Bonifacio Global City last week , “I’d like to believe that we’ve not only created a restaurant that serves the best-tasting dishes; we’ve also made a home for one big happy family that shares the same values…We open our home to welcome more members, partners and entrepreneurs like you into our growing family. Much like how we grew this home to more than 100 stores in less than three years, truly a great accomplishment by Kuya J.”
Currently, the group owns and operates 104 Kuya J restaurants nationwide, 44 of which are located in Metro Manila; 24 in South Luzon; 15 in North Luzon; 11 in the Visayas; and 10 in Mindanao.
It is well-known for serving Filipino dishes like its best-selling crispy pata, kare kare, caldereta and halo-halo.
KJGHI also owns Isla Sugbu Seafood City, Tsay Cheng Chinese Cuisine, Majestic and the heritage Grand Convention Center of Cebu, among others.
Rrecently added to its portfolio of brands is United States-based Popeyes.
Source：https://businessmirror.com.ph/kuya-j-launches-franchise-program/