Greenwich requires their franchisees to be:
· Dynamic
· success-driven entrepreneurs
· Have a strong desire to invest in a long term business partnership with Greenwich.
· Have the capability and willingness to learn the Greenwich business
· And should enjoy working, communicating and relating with employees and customers.
What type of franchise is available?
Greenwich offers full store franchise units.
How much is the investment cost?
The total investment requirement ranges from 8 to 10 million depending on the final store type and size. The size of property required is dependent on the store model that will be developed in a particular market. Floor area requirement may range from 130 sqm to 150 sqm.
What is included in the investment package?
The investment includes the franchise fee, construction cost, equipment and facilities, furniture and fixtures, air conditioning system, signage, pre-opening expenses and initial inventory.
How much is the royalty fee?
The royalty fee is ten percent (10%) of gross sales. This fee will be used to provide the franchise store with support services (e.i mass media advertising).
How long will it take to get the investment back?
Payback period is between 3 and 4 years (depending on sales, marketing potential, investment and control of expenses).
What is the term of the franchise?
The term of the franchise agreement is ten (10) years and is renewable.
Who does the hiring of store management team?
Greenwich will assist you in the recruitment and training of your store management team. You will then become responsible for your team’s compensation and benefits.
What form of support will franchisees continue to receive from Greenwich?
The Greenwich Operations team will continue to assist you and ensure alignment to company standards. They will also help you maximize sales and profitability.
For franchising Inquiries, please contact mitch.hong@greenwich.com.ph