Regina Loise Lavarias

BSA-3
June
24, 2016
BUSINESS OPPORTUNITIES IN DAVAO
1. Business Process Outsourcing
The City is now being eyed as a viable site for call center operations
and other related business process outsourcing operation (medico-legal
transcription, animation, etc.) due to its readiness in terms of manpower,
infrastructure and other required amenities.
2. Housing Development
With a backlog of more than 40,000 units, Davao City is a very viable
site for housing projects that will offer low-cost to medium cost housing
units.
3. Products and Services for Relaxation
There is a growing demand for products and services that will offer
relaxation to the growing working population such as spas, salons, candles
for aroma therapy, pillows, etc.
4. Establishment of Medical, Educational, Training and Sports
Facilities
Davaos daytime population doubles primarily because it is considered
as the de facto capital of Mindanao serving as the center for commerce,
education, services.
EXAMPLE OF FRANCHISE FEE AND TERMS
Franchise Package Cost and Inclusion
Package Cost: Php 250,000.00
Franchise Fee: Php 50,000.00
Security Deposit: Php 50,000.00 (The security deposit is refundable co
terminus with the franchise agreement with no interest.)
Renewal Fee: Php 50,000.00
Monthly Service Fee: 5 % of the outlets monthly gross sales
Franchise Duration: Three (3) years
Franchisee may restore the contract upon shared concurrence with the
franchisor on the same terms and conditions as the first contract. Franchisor
maintains whatever authority to end a franchise agreement before its due
termination ought to the franchisee is discovered to be disregarding the
stipulations of the franchise agreement.
Waffle Time Franchise Package Inclusions:
The utilization of the Waffle Time trade name and marks
The business operations system

 The assembly setup

The food cart and signage
The small wares and operational equipment
The marketing support
The technical and operational support
Other Franchise Costs Exclusive of the package:
Cost of site changes or redesigns
Site security stores, rentals and other development installments
Cost of business or government grants and licenses
Training remittance or compensation of the staff
Utilities (electricity, water, etc.)
Franchise space requirement and food cart dimension
Store Space Requirement: 2 m x 2 m square meters
Food Cart Dimensions: 1.8 m in length x 0.75 m in width x2.10 m in height
Franchise Application Procedure
To be able to reach your dream of having your very own Waffle Time
franchise, you need to follow the simple steps below in a sequential order.
1. Secure your letter of intent along with your target location and submit
the application to the franchise officer of Waffle Time.
2. Be ready for an interview with the franchise officer. The result of the
interview would be released after a week.
3. Upon approval, the franchise applicant will be oriented and required to
assess the people flow of the esteemed target location.
4. The franchise applicant is given ten days to come up with a site
evaluation.
5. Upon submission of the site evaluation, the franchise applicant is
required to furnish the following documents: NBI, court and police
clearance, Authority to check bank account and Community Tax
Certificate and processing fee of Php 5,000.
6. The franchise agreement would then be reviewed by the franchise
applicant and be signed as approved and agreed upon by the latter.
7. The franchise applicant need to secure the fifty percent of the
franchise fee.
8. The staff of the franchisee would be trained about the outlet
operations. This is sponsored by the company.
9. The franchise fee needs to be paid in full and the security deposit and
initial stocks need to be furnished as well. The processing fee worth
Php 5, 000.00 is deductible from the total franchise package cost.
However, it is nonrefundable if the application is not conceded by the
company for whatever reasons.
10.
The most awaited grand opening day for the new entrepreneur!
11.

Business Opportunities. (n.d.). Retrieved June 23, 2016, from

http://www.davaocity.gov.ph/davao/investment.aspx?id=detail
Waffle Time Food Cart: Fees and Details ~ iFranchise.ph. (2015). Retrieved June 23, 2016,
from http://ifranchise.ph/waffle-time-food-cart/