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•E-COMMERCE-ing my way to millions•

BUSINESS REVIEW

E-COMMERCE-ing my way to Millions

Sunday, July 5, 2009

Cart Business


Perhaps the saying "Small but Terrible" would be an understatement in describing FOOD CART BUSINESS in the Philippines.

For many years now, we have seen an emergence of successful food cart businesses swarming all over the malls and various MRT stations, some of which are Waffle Time (hotdogs wrapped in waffle bread), Bibingkinitan (fresh and hot small bibingkas, a Filipino delicacy), and Sisig Hooray (delicious pork, beef, and bangus sisig, another local delicacy).

Compared to other big businesses, the capital needed to set-up and/or buy a franchise for Cart Business is much lower. Franchise Fees range from 30,000 to 300,000. Additionally, franchisors usually offer free trainings, ready-made carts, and other services for new franchisees.

Why, even big food business players, like Pizza Hut and Red Ribbon has also established their Food Carts within selected malls!

The ROI, or Return on Investment is pretty fast, according to franchisees. Well, of course, a good location and the right business to invest into play very important roles.

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Catch other valuable insights about cart business and other businees tips on the GoNegosyo website.

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