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GLORIA JEAN’S PHILIPPINES FRANCHISE PROGRAM
FREQUENTLY ASKED QUESTIONS
- Q. What is the first step to obtaining a Gloria Jean's
Sub-Franchise?
A. To begin the process you must first completely fill up
and submit the Gloria Jean’s Sub-Franchise Application. If you
qualify, we will invite you to a Gloria Jean's Sub-Franchise
Business Meeting at our headquarters. The minimum financial
requirements for consideration as a sub-franchisee for a full
sized store are 1)Net Worth of at least Five Million Pesos
(PhP5,000,000) and 2) Liquidity (cash or cash equivalents) of at
least Two Million and Five Hundred Thousand Pesos
(PhP2,500,000). For a kiosk the minimum financial requirements
for consideration are half of these amounts.
- Q. What kind of Sub-Franchise
programs are available?
A. Currently Specialty Beans Philippines, Inc. is only
offering a single unit Sub-Franchise Program for one location to
be identified and pre-approved prior to the execution of a
Sub-Franchise Agreement. If a Sub-Franchisee wished to open and
operate more than on store a separate Sub-Franchise agreement
would need to be executed for each store.
- Q. How much is the Sub-Franchise
Fee?
A. The current Sub-Franchise Fee for a full sized store at
this time is One Million Three Hundred Seventy Five Thousand
Pesos (P1,375,000.00), for a Kiosk is One Million One Hundred
Thousand Pesos (P1,100,000.00) and for a Cart is Eight Hundred
Eighty Thousand Pesos (P880,000.00). The Sub-Franchise Fee is
due upon the execution of the Sub-Franchise agreement and is
fully earned and non-refundable upon such execution.
- Q. How much is the Monthly
Royalty Fee?
A. The current monthly royalty fee is Eight Percent (%8.0)
of gross sales.
- Q. What is the Monthly
Advertising Contribution?
A. Each Sub-Franchisee is required to contribute Three
Percent (%3.0) of gross sales each month to an Advertising and
Promotion Program which is managed by Specialty Beans
Philippines, Inc. The Sub-Franchisees contributions will be used
in full to develop Advertising and Promotional programs for both
national and local area marketing.
- Q. What is the total investment
for a Gloria Jean's Sub-Franchise?
A. Investment costs will vary depending on the location, the
size of the store and several other factors. We can help you
develop a relevant estimate for your particular store once a
location is identified.
- Q. Must I own the property where
the Sub-Franchise store is located?
A. While owning a suitable property is definitely an
advantage it is not mandatory.
- Q. Do you offer financing?
A. We do not offer financing and we do not provide
Sub-Franchisees with assistance relating to financing.
- Q. What kind of experience is
required?
A. Ideally, a Sub-Franchisee should have experience
operating retail stores, full-service restaurants, or comparable
service oriented businesses. Knowledge of the trade area and
local contacts where the store is to be located is also
important to facilitate the construction and operation of the
store.
- Q. What is the process for
obtaining approval for a location?
A. Identification and pre-approval of an acceptable location
is a prerequisite to the execution of a Sub-Franchise Agreement.
If the property is a leased property the lease contract must
also be approved. Failure to acquire the approved location will
be grounds for termination of the Sub-Franchise Agreement unless
Specialty Beans Philippines, Inc. grants approval for an
alternative location. Specialty Beans Philippines, Inc. at its
sole discretion may reject any location without justification to
Sub-Franchisee.
- Q. What size specifications are
required for a Gloria Jean's Coffee location?
A. The Gloria Jean's concept can operate effectively in a
wide range of space configurations. As a general rule, we
recommend developing stores in the range of 50 to 150 square
meters and kiosks in the range of 20 to 50 square meters.
- Q. Where do I purchase my
equipment package, smallwares, signage, menu boards, etc.?
A. Specialty Beans Philippines, Inc. will provide an
Approved Vendor List for securing all of the required items and
will assist Sub-Franchisee as necessary with the coordination of
the ordering and installation of these items.
- Q. How long does my
Sub-Franchise last?
A. Typically, the Sub-Franchise term will match the term of
your lease or sub-lease for the location, but in any event will
not exceed five (5) years.
- Q. What kind of training does
Gloria Jean's provide?
A. Sub-Franchisees and their designated managers must attend
and successfully complete Gloria Jean's unique training program
where product preparation, operations and coffee knowledge will
be covered. There is no fee for training at this time, but
Sub-Franchisees must pay their own costs of salaries,
transportation, lodging and meals.
- Q. What form of continuing
operational support will I receive?
A. In addition to an operations manual and other materials,
you will receive periodic visits by our Franchise Operations
Representatives who will offer useful advice on various aspects
of your business.
- Q. Do I receive guidance on the
purchase of coffee, foods and supplies?
A. Yes. Specialty Beans Philippines, Inc. has established,
and will provide appropriate product specifications and a list
of approved suppliers. Specialty Beans Philippines, Inc. is the
sole source for coffee and certain proprietary products.
- Q. How soon can I be in
operation once I have become a Sub-Franchisee?
A. Generally, unless otherwise agreed upon and stipulated in
the Sub-Franchise Agreement a Sub-Franchisee will have a maximum
one-hundred and twenty days (120) from the execution of the
Sub-Franchise agreement to open and begin operating the store.
Failure to open and operate the store within the prescribed time
frame may result in termination of the Sub-Franchise Agreement.
We have attempted to answer the most commonly asked questions
about Gloria Jean's Philippines Sub-Franchise Program. In the event
you have additional questions, or need help in completing the
Application(s), you may reach us by calling (02) 869-0073 / 869-0084 or
by emailing us at
rbalingit@sbpi.com.ph |
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