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Franchise News Jollibee affiliate allots P27M for branch expansion News Franchise
Franchise News Jollibee affiliate allots P27M for branch expansion News Franchise |
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| Jollibee affiliate allots P27M for branch expansion |
 JOLLIBEE FOOD Corp.’s (JFC) low-cost homestyle Filipino fastfood chain Manong Pepe’s Karinderia intends to have at least nine additional branches this year to cater to the growing demand for affordable meals.Following the listed company’s annual stockholders meeting last Friday, Raffy dela Rosa, Manong Pepe’s president, told reporters the company has alloted P27 million for its branch expansion plans this year. Barely a year into its operations, Manong Pepe’s has opened three outlets located in Mandaluyong, Quezon City and Muntinlupa. Mr. dela Rosa said Manong Pepe’s plans to open the new branches all in Metro Manila, preferably near busy thoroughfares like EDSA. Jollibee President Tony Tan Caktiong said the company wants to open more Mang Pepe’s outlets to keep up with the "softening" consumer spending patterns due to the prevailing high prices of basic commodities. Mr. dela Rosa said Manong Pepe’s, which serves complete meals for as low as P49, aims to capture the biggest segment of the average Filipino who prefers traditional, unbranded karinderias over branded restaurants. Earlier this year, JFC said it plans to spend at least P6.8 billion to open more Jollibee stores, renovate existing ones and build three commissaries. However, Mr. Tan Caktiong later announced that the country’s biggest fastfood chain might start reviewing its expansion plans in the coming months in light of the economic slowdown. Mr. Tan Caktiong said that though they expect a slowdown in the second quarter, the current global condition could nevertheless be seen as an opportunity for the company because food, being a basic commodity of Filipinos, is resilient to economic fluctuations. He added that Jollibee continues to be one of the inexpensive ways for families who want to eat out. As of May this year, Jollibee has opened 52 new stores both here and abroad. Jollibee posted a net income growth of 9.26% to P2.36 billion last year from P2.16 billion in 2006. Jollibee shares dropped P0.50 to settle at P34 last Friday.
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Hits: 2007 Comments (10)
  written by don carlo santiago, July 28, 2008
good day! I was planning to enter franchising business and jollibee was the first entered my mind.. do you have a list of requirements, how much (key) do i need to start. Is it all in already? Place, rented or owned?
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 written by Perla Lofranco, November 04, 2008
My mom and I are planning to enter franchising business and jollibee was the first entered my mind.. do you have a list of requirements, how much do we need to start the franchising business, Is it all in already? Place, rented or owned?.My mom want the location to be inside the mall,is there any available slots if any?And if outside the mall what will be the procedure for it?Hope to hear from you guys soon...
Thank you... report abuse
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 written by ed, November 18, 2008
good day!!! Im planning to buy stock to your company. how much is the minimum unit per stock and what are the requirements needed. thank you and more power.
thank you 
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 written by Aida Dusong, December 05, 2008
Good day,
Good day, Myself and my husband who is an OFW are looking forward for his retirement from working overseas. As such we are planning to enter into a business and we think Manong Pepe is the right business for us. We are residing here in Puerto Princesa City and would like to bring your franchise here. Could you provide us details. Thanks report abuse
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 written by Ariel M. Katigbak, July 20, 2009
Sir/Madam,
We are an OFW working to form a cooperative . We are planning to enter into a business and we think of franchising jollibee or Mang Pepe, could you provide us more information and details because we are seriously looking for that. Thank you Ariel M. Katigbak report abuse
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 written by rhey, August 09, 2009
planning a franchising business
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 written by Michael P Calija, September 21, 2009
Sir/Ma’am,
We are an OFW working to form a cooperative . We are planning to enter into a business and we think of franchising jollibee could you provide us more information and details.I would really appreciate it if you can answer the following questions: 1.What are the bases for the approval of a franchise application? 2.What are the qualifications required of an applicant? 3.How much is the required investment? 4.What is the size of a typical store? 5.Does Jollibee provide sites? 6.Does Jollibee provide the store personnel required? 7.How long after franchise approval can the store open? 8.What is the duration of the franchise? 9.What are the requirements for application? report abuse
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 written by Charles Rivera, September 28, 2009
I am interested in franchising Manong Pepe. How can i get the details on this?
is it the same as jolibee's? Because they have answered most of the basic question on their website www.jolibee.com.ph Hoping to have a responce on this. Thanks! report abuse
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 written by Neil Aldrin Raymundo, January 17, 2010
Good day! I wish to offer for lease a commercial space located along Pablo Ocampo Sr. St.(formerly Vito Cruz St.), Malate, Manila. The site is between the new College of St. Benilde (School of Design and Arts) and PAG-IBIG Vito Cruz Branch. With the recent business boom in the area particularly the dramatic rise of residential condos and offices, the area promises to be a really strong market that businessmen can exploit. For details, please get in touch with me at 0928-3042893. Thank you.
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 written by gratchelle, February 03, 2010
good day! i am engage now with my foreign boyfriend and we decided now to put up business here in the philippines like jolibee somewhere in cebu and bohol. i would like to ask how much the franchise and what will be the requirements? can you please explain me the first step to do? i hoping for your response.. thank you!
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