FamilyMart launches Phl franchise program
Louella Desiderio (The Philippine Star) - September 25, 2014 - 12:00am

MANILA, Philippines - Japanese convenience store chain FamilyMart Co. Ltd. which has just launched its franchise program here, aims to franchise the bulk or 70 percent of its 500 targeted stores by 2018.

Philippine FamilyMart CVS Inc. general manager Eduardo Paredes Jr. told reporters during the firm’s Franchising Launch, the aim is to have the  bulk or about 70 percent of the store network accounted for by franchisees in the next five years.

 “I think we’re open to having more franchise stores…because of the response of the business community,” he said.

FamilyMart which aims to have 500 stores in the country by 2018, has decided to offer franchising to expand its footprint and cater to the demand for convenience stores here.

Philippine FamilyMart CVS president Anton Huang noted that there is room to expand in the country which could sustain 10,000 convenience stores based on studies conducted by the firm.

At present, there are only about 2,000 convenience stores spread throughout the country, offering opportunities for the firm.

FamilyMart which entered the Philippine market last year, currently has 65 stores located in Metro Manila, and is on track to have a total of 100 stores by the end of the year.

Any interested entrepreneur who is at least 25 years old and a college graduate, capable of funding the investment through personal capacity or financing from a banking institution, is welcome to join FamilyMart.

Parties interested in having FamilyMart franchise would be required to invest between P4 and P8 million to cover the operational rights, leasehold improvements, equipment, franchise fee as well as initial merchandise inventory and contingency fee.

ANTON HUANG CONVENIENCE COUNTRY EDUARDO PAREDES JR. FAMILYMART FRANCHISE FRANCHISING LAUNCH LTD METRO MANILA STORES
  • Latest
  • Trending
Latest
Are you sure you want to log out?
X
Login

Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!

SIGN IN
or sign in with
Read and share the latest news
whenever and wherever you are.
Top Stories
Features the most relevant stories,
exclusive content, analyses and special reports.
As It Happens
Get bite-sized highlights and up-to-date
information as the news breaks.
Latest
View the most recent
stories of the day.
Log-in
Lorem ipsum dolor sit amet,
consectetur adipiscing elit.
Quisque justo est, auctor vel ullamcorper.
Log-in
Lorem ipsum dolor sit amet,
consectetur adipiscing elit.
Quisque justo est, auctor vel ullamcorper.
How to follow As It Happens stories
STEP 1
Click the story in the As it Happens section.
How to follow As It Happens stories
STEP 2
Click "Follow Story" for updates on the news.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Aliquam eu metus vitae felis tincidunt finibus ut id sapien. Integer volutpat dui eu malesuada dignissim. Sed varius justo nulla, fringilla convallis sem porta sed.
How to follow Author
STEP 1
Click on the author's name in the article.
How to follow Author
STEP 2
Once you click on the author's name, you will be
brought to the Authors page. Click "Follow Author"
to stay updated on the author's works
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Aliquam eu metus vitae felis tincidunt finibus ut id sapien. Integer volutpat dui eu malesuada dignissim. Sed varius justo nulla, fringilla convallis sem porta sed.
How to follow Tags
STEP 1
Click on a tag in the article.
How to follow Tags
STEP 2
When you click on a tag, it will take you to the
dedicated tag page where you'll see the article
viewed, along with other stories with that tag.

Click the "follow tag" button to stay updated on
the topic.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Aliquam eu metus vitae felis tincidunt finibus ut id sapien. Integer volutpat dui eu malesuada dignissim. Sed varius justo nulla, fringilla convallis sem porta sed.