by John Louie Ramos

Created on: October 03, 2010

Franchising is one of the most popular forms of business enterprises in the Philippines. In fact, the archipelago is considered as the franchising hub of Asia due to the monumental growth the franchising industry experienced during the past few years. Franchising in the Philippines is a $6 billion industry and it accounts for five percent of the county's Gross Domestic Product (GDP.)

Franchise businesses are quite profitable due mainly to the market reputation and goodwill it already has. It also provides its investors with useful tools and tried-and-tested formulas. In addition, franchise businesses offer a unique and tested business model that makes it more lucrative and success-bound.

Hence, this article lists the most viable and profitable franchise opportunities in the Philippines and hopes to help those people who are thinking of starting their franchise business.

Food Carts and Stalls

The food cart industry is arguably the fastest growing industry in the Philippines. Food carts perfectly blends the elements of convenience, accessibility and affordability, making it a hit for people who are on-the-go and on a budget. The last couple of years saw food carts sprouting from everywhere, from sidewalks, to bus stops and even shopping malls.

There are a lot of food carts one can choose from some of the most popular examples of food carts in the Philippines include Siomai House, Minute Burgers, Angel Buy 1-take-1 Burgers, Hong Kong Style Fried Noodles and Pinoy Pizza among others. Furthermore, the amount investment you'll need to start your own franchise usually ranges from 20,000-150,000 PHP (roughly $465-3,500.)

Fast Food Chains

Fast food chains has been dominating the Philippine markets since the early 90's. Reportedly, a popular home-grown fast food chain alone accounts for more than $20 million worth of sales worldwide. Fast food chains are popular to Filipinos because it somehow provides the busy and exciting atmosphere foreign to fine dining restaurants.

One of the main advantages of fast food chains is its prices which perfectly suits the Filipino masses. Moreover, for people who are thinking of franchising a fast food chain investment could range from 15-30 million PHP (roughly $35,000-70,000.)

Drugstores

Drugstores are also popular franchise opportunities in the Philippines. Thus, small and medium-scale drug stores have started to spread and multiply, threatening the big players in the industry. Some of the fastest rising retail drug stores in the Philippines include the Generics Pharmacy, a drug store which sells only generic medicines and Planet Drugstore, a general drugstore.

The investment you'll need in franchising a retail drugstore ranges from 300,000-500,000 PHP (roughly $7,000-11,000.)

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