Filipinos will always be an avid fan of street foods. Thus, food stalls can be found anywhere in commercial places. You know you’re a Filipino when one of your favorite street foods is siomai.
Many siomai businesses have started here in the Philippines due to its demand, but only Master Siomai is one of the siomai businesses that have stood out. May it be its cheap price or quality of siomai, Master Siomai continuously grows all over the country.
What are the inclusions of franchising Master Siomai?
One (1) unit of the following:
- Japanese themed food cart
- 5 cu. ft. chest freezer
- Acrylic Plastic Juicer
- Food Steamer
- Kitchen and plastic wares
- Food and Paper Products (worth PHP 7,000.00)
- Set of Crew Uniforms
- Cleaning Supplies
- Marketing Collaterals
Process of franchising Master Siomai
Here are the steps on successfully franchising Master Siomai:
- Find the ideal location for your stall.
- Prepare documents necessary to acquire the place you’ve chosen.
- Call Master Siomai’s office for site evaluation.
- You then give 50% deposit for the toal pricing.
- You must attend business operation meetings.
- Your selected crews will also have to attend the trainings and orientations.
- After which, you will have to sign the franchise agreement and provide full payment after the foodcart was delivered to yoru location.
Requirements on franchising Master Siomai
- You have to fill out the franchising application form available at Master Siomai’s website.
- Agreement letter from your lessor.
- Images of preferred location.
- Bring two (2) valid IDs.
- Proof of billing under your name.
- Franchise Fee of 280,000
Is Master Siomai a good investment?
Master Siomai is considered a good form of investment and a safe place to put your savings in if you’re interested for it to grow more. For less than half a million (PHP 280,000.00), you can have your own Master Siomai stall in your desired place.
What are the good thing about franchising Master Siomai?
The advantages of franchising Master Siomai are a) it’s already a popular brand and it continuously grow (with 600 branches already) which means that it is an in demand business opportunity, b) you may be able to earn faster than expected as long as you have the right place to market your product and c) people are an avid fan of this Japanese foods and can be sold at an affordable price.
How much is your potential profit from Master Siomai?
The total spending mentioned already includes the PHP 16,000.00 for your monthly operation aside from the initial amount on purchasing the food stall. Thus, it is expected that you’ll have to earn more than PHP 280,000.00 or meet the quota of selling at least PHP 1,000.00 every day or more if you want to get back what you’ve paid and earn PHP 70,000.00 annually.
What are the potential risks of franchising Master Siomai?
The risks to it is that you have to work on your own location, permit, and manpower. Manpower is such a crucial part in the success of your food stall because you have to ensure that the people you will hire are trustworthy enough to provide you the honest inventory and sales of your business everyday. For some owners, they even do the operations themselves to have a first hand experience and to figure out the concerns that may arise with the stall, its location and people patronizing it.
Who are my target customers in Master Siomai?
Master Siomai is for everyone. You aren’t just selling it to those in commercial areas, you’re selling it to kids and adults, to those in corporate world and industrial area. You just have to find a place wherein people may come together to eat at your Master Siomai food stall.
Where should you put up your Master Siomai?
The good thing about Master Siomai food stall is that you can practically put it anywhere and still earn profit because of its popularity amongst locals. You can put inside the malls, just be mindful of the renting space you’ll have to pay monthly.
You can also put it outside the mall which offers less expensive pricing. Aside from malls, stalls for siomai is also strategic inside food parks. You can also have it in places near wet and dry markets and even supermarkets because you’ll serve as their go-to place whenever they want to take a quick food to fill up their hungry stomachs.