10 Best Business Franchise In The Philippines This 2019

Franchising as defined by the International Franchise Association is a method of distributing and expanding businesses through a licensing relationship. To simply put it, the franchisor grants the license to a third-party entity to conduct business using the franchisor’s goods and services. Among any other type of business and strategies, a business franchise is considered to be a much more risk-free business to take on.

Although all types of business go with accompanying risks, a business franchise is more suitable for first-timers. It is because as a novice in the field of business, you get better chances if you get assistance from well-established brands. Furthermore, getting a franchise also offers various benefits such as cutting the hassles of starting your business operations.

With that, we had picked the top ten best business franchise in the Philippines to trying on this 2019.

1.     PCSO Lotto Outlet

PSCO or the Philippine Charity Sweepstakes Office is a charity arm of the Philippine government. It is considered as one of the best business franchises to take on because of its affordable capital costs and high possible ROI.

It is also proven to be a bullet-proof business because it remains stable even amidst bad economic times. Investing in PCSO lotto outlet business franchise allows you to get your ROI in a shorter period compared with other businesses.

1.     Food Kiosk

Putting up a food kiosk is one of the highly recommended business franchises, especially for those who are just starting up. It is because it is a very affordable choice which only cost you a minimum of 20 000 pesos. Furthermore, Filipinos are known to be food lovers, be it exotic food, street food, snacks, or even heavy meals.

1.     Coffee and Cold Beverage Stand

Aside from food, Filipinos also love to try and explore different kinds of beverages. Coffee is one of the most in-demand and highly seek a type of beverage in the Philippines. The next include frappuccinos, especially during summer times. Setting up a coffee and cold beverage stand primarily aims to cater to the needs of those who are looking for affordable beverages.

1.     Water Refilling Station

Water is one of the human’s basic needs. Thus, the demand for clear and drinkable water never goes out of style. It is only logical to consider water refilling stations as one of the best business franchises to get on. Water refilling stations is one of the franchise businesses in the Philippines which makes a lot of money.

1.     Spa and Salon

Another promising business franchise to take on this 2019 includes spa and salon businesses. Everyone needs a haircut or a new hairstyle as trends and fashion as contributing factors. For thrifty clients, opting for less-known salons or local salons is considered as a better choice than going to big ones. For those of you who always have a passion for hair styling, investing in a hair salon or spa is a good choice.

1.     Retail and Pharmacy

Medicines and food supplements are also considered as one of the most needed today. Thus, opting for retail and pharmacy business franchise is never a fail decision. Pharmacies offering generic medicines are also becoming more preferred by the masses as an alternative for expensive brand-name products.

1.     Pet Grooming Services

To give you confidence, Philippines is placed at the top six most numbered of owned dogs in the whole world. Almost every household in the Philippines has pet dogs and cats which need grooming services to keep them in their best shapes.

The only challenge in starting this type of business in the Philippines is in getting clients in its starting phase. However, when opting for the business franchise, it is easier for you to catch a customer’s attention when you are carrying a reliable name.

1.     Education and Training Franchises

With millions of graduate students expecting to finish their studies each year, review centers and educational training schools are highly in demand. This type of business franchise targets undergraduate students who want to take licensure examinations to fully qualify for their dream jobs.

They may also take on vocational courses and supplementary educational training for students who want to excel in their field. This is also considered as a safe business investment to try because you no longer need to establish a market demand.

1.     Fitness Centers

As more people get interested in improving their lifestyles and well-being, fitness centers are also one of the most sought-after. If you are one of those who loves and is passionate to take healthy living, fitness centers are highly recommended.

1. Digital Print Shops

In contrast to the many expectations, digital print shops continue to prosper in this day and age. It is because companies still in continuous need for billboards, posters, flyers, and other printables or streamers made. These are necessary for boosting and in creating effective marketing and promotional ads to boost sales.

The Bottom Line

In choosing the best business franchise for you to take on, you need to consider a few important things. This includes determining your passion, budget, location, and finding the best franchisor for you. With the list of the best business franchise mentioned above, you now have a clearer idea on which area you should pursue.