Filipinos love chicken. We enjoy a variety of chicken specialties and one of our favorites is chicken barbecue. One of the fastest growing fast food chain in the country which specializes in chicken barbecue is Mang Inasal. Inasal is the Hiligaynon for barbecue so Mang Inasal literally means Mr. Barbecue. Mang Inasal is founded in 2003 in Iloilo City by Edgar Sia II. He is a young architect and entrepreneur who had his first business at a tender age of twenty. At the age of 26, he ventured in the food business and opened his first Mang Inasal branch in December 2003 at Robinson’s Mall Carpark in Iloilo.
The company started franchising in 2005 and by 2008 it already has 10 franchised restaurants and a total of 23 were opened. Jollibee Food Corporations acquired 70% of Mang Inasal in October 2010 for 3 billion pesos and as of March of this year, it has grown to about 460 stores nationwide.
What are the Requirements to Become a Mang Inasal Franchisee?
If you are ready to take the plunge and join the Mang Inasal family then you have to check and review the details below.
The franchise fee is initially around 1.2 million and this is inclusive of: use of brand or trade name, operational support, opening marketing support, and training of personnel. The terms of agreement for a franchise of Mang Inasal lasts for about 7 years and it’s renewable. You need to have at least 150 to 200 sqm of space for your desired store location because this is the store size requirement. There is an Advertising fee which is equivalent to 2% of gross sales. While on the other hand, the Royalty fee is 5% of the gross sales. In addition, there are other costs that are involved in the franchise such as the product security deposit that amounts to Php 400,000. The renovation cost is approximately from Php 4.5 million to Php 9 million which is also shouldered by the franchisee. A franchisee applicant needs to furnish a letter of intent addressed to email@example.com.
One good thing in franchising a Mang Inasal store is that there are no absolute minimums required net worth or liquidity. The application process is essentially a one on one interview with a great focus on business management and growth experiences over extensive financial stability. But of course, you need to pass a credit check before becoming qualified as an investor.
Franchisees are making around Php 150,000 a month and this is just an average, it all depends on your store location and especially on the performance of your store. Many of the franchisees of Mang Inasal are receiving their return of investment in less than 5 years’ time. Who knows, you might get yours at an earlier time!
Where to get Franchise Information and Applications?
- Website: www.manginasal.com
- Facebook Page: www.facebook.com/MangInasalPhilippines
- Twitter: twitter.com/MangInasal1
- Email: firstname.lastname@example.org, email@example.com
- Phone No.: (02)852-1448, (02)854-3346
- Fax No.: (02)854-5692, (02)508-5111, (02)852-1448
- Address: 2316 Tramo St., Pasay City, Philippines
When it comes to franchising, success is not always an assurance. Plunging into a franchise business is all about taking the risks. You need to understand the industry of the franchise that you are going to venture in to. You need to know it well and immerse yourself in this chosen line of business before taking the next step. A fast food franchise such as Mang Inasal caters to the preference of the Filipino taste buds and also of the Filipinos at heart. You would win them all and generate more profits by providing your customers your best service possible on a daily basis. Whether that means adjusting seating patterns to accommodate customers, greeting them with a smile as they come in and so on.
If you’re looking for a quick service franchise, then try out Mang Inasal! Start processing your application and check out if this investment is the right one for you.