P500,000 is a lot of money, so if you want to invest it in a business venture, you have to ensure its success. If you don’t want to start from scratch, https://www.businessnews.com.ph/6-advantages-of-franchising-over-starting-your-own-business-20171205/” target=”_blank” rel=”noopener”>franchising has many advantages that you can consider. Franchising entails risks just like any other business, but picking a brand with a well-known name can help yours succeed.
If you have a P500,000 budget for a business venture, you can consider our recommended franchising options. Here are some below:
1. Minute Burger
Initial investment: P290,000
https://www.businessnews.com.ph/franchise-minute-burger-20170106/” target=”_blank” rel=”noopener”>Franchising Minute Burger is a good idea because it’s a popular burger and is still a hit among hungry Pinoys because it has a lot of burger options. Plus, it’s budget-friendly with its Buy 1 Take 1 promo. Recently, it has gone trending again, thanks to TikTok videos. The franchise fee includes a stock bond, processing fee, and license to operate for 2 stores. You can read the full details on their https://www.minuteburger.com/how-to-franchise” target=”_blank” rel=”noopener”>franchise website.
2. Siomai King
Initial investment: P288,888
Dubbed the “Ang Hari ng Siomai,” this popular siomai brand is well-known for being delicious and affordable. The https://www.businessnews.com.ph/childhood-friends-start-the-successful-business-franchise-of-siomai-king-20220914/” target=”_blank” rel=”noopener”>humble beginnings of Siomai King’s founders started when they wanted to offer affordable franchise packages to help more Filipinos start their own businesses. From the initial investment, you can inquire if their P17,888 franchise package promotion is still available. Visit their https://siomaiking.ph/” target=”_blank” rel=”noopener”>website for more.
3. Bang Bang Bangus
Initial investment: P450,000 / P550,000
This bangus concept is relatively new but has been one of the fastest-growing franchises in the country. Its idea of offering bangus in different flavors is the first in the country. The https://www.businessnews.com.ph/couple-who-closed-events-company-due-to-pandemic-found-success-in-bang-bang-bangus-20220815/” target=”_blank” rel=”noopener”>founders of Bang Bang Bangus have an interesting story too, as they started this unique concept during the pandemic. To learn more about their franchise packages, it’s detailed on its https://bangbangbangus.com/franchising/” target=”_blank” rel=”noopener”>website.
4. Potato Corner
Initial investment: P250,000.00 / P410,000.00 / PHP 290,000.00
You won’t go wrong https://www.businessnews.com.ph/franchise-potato-corner-philippines-20170203/” target=”_blank” rel=”noopener”>franchising a Potato Corner. This popular french fries is also another hit among mallgoers. It’s one of those trendy foods that kids, teens, and even adults would crave when they would see the store. They offer 3 franchise packages you can choose from: the school kiosk, the standard cart, and a customized store. To learn more, you can check out their https://potatocorner.com/franchising/philippines/packages/” target=”_blank” rel=”noopener”>franchise website.
5. Siomai House
Initial investment: P350, 000
Because siomai never goes out of trend, another popular siomai brand is on our list. Siomai House is also one well-known siomai brand that’s good to invest in. Since opening in 2004, they now have over 800 branches, so it’s been tried and tested through the years. Check out their https://www.siomai.house/franchise” target=”_blank” rel=”noopener”>website for more details on their franchise packages.
These are just some of our recommendations, and there are still many other good brands out there you can consider. Always remember to take time to research, compare, and prepare before venturing into any kind of business. Good luck!
She used to be in the corporate world for a decade but followed her heart and became a writer. She now writes for a number of websites and other online media publications.
https://www.businessnews.com.ph/5-best-food-franchise-options-with-initial-investment-under-p500000-20221110/”>