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Potdog franchise

TSO · 35 · 7543

TSO

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on: Jul 01, 2014, 12:45 AM
Hey y'all, TSO here.

My gf's planning on partnering up with one of her friends to open up a Potdog stall, and I'd like to help her out with tips on franchising (especially the management side) or even asking if Potdog is the right franchise to go after. Any feedback is welcome, and I'll weave it into the advice/tips I'm going to get from my personal network. Thanks.


neo

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Reply #1 on: Jul 01, 2014, 02:28 AM
Partnership will give you lots of headaches lalo na po kung akala mo kilala mo na talaga ang partner mo.  :hihi:


oca1101uk

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Reply #2 on: Jul 01, 2014, 03:03 AM
Potdog Yummy Yes Delights Franchise

Features:

Unique product line
Fast selling
High profit margin
Franchise Packages

Cart Setup: P365,000

Includes franchise fee
Cart and signage
Rangehood and Deep fryers
Cooking utensils
Uniforms
Initial inventories worth P20,000
Kiosk Setup (2m x 2m) : P450,000

Includes everything in the cart setup
Side tables
Back cabinet
Rice cooker
2 Upright freezers
Stall/Counter/Other Setup

Price depends on store size and condition
Franchise includes:

Opening assistance
Inventory system
Site evaluation and selection
Human resource training
Use of trade name
Use of operations manual
Continuous product research and development
Contact:

Phones: (02) 742-9336, (02) 732-3046, (02) 711-9807



TSO

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Reply #3 on: Jul 01, 2014, 03:35 AM
Partnership will give you lots of headaches lalo na po kung akala mo kilala mo na talaga ang partner mo.  :hihi:

Yan nga eh.

But as far as I understand, she'll work on the operations and her partner's just the guy financing it. Either way, my concern is more on the management of the business especially when she has no prior experience with management at all. Any input re: that?



@ oca1101uk

I appreciate your post here, but sorry to say, that wasn't the sort of help I'm looking for. I can easily find information like that online, What I'm actually after is more like how good Potdog in terms of product sales or training the franchisee, etc. etc. Thanks again.


Wills

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Reply #4 on: Jul 01, 2014, 09:22 AM
Hey y'all, TSO here.

My gf's planning on partnering up with one of her friends to open up a Potdog stall, and I'd like to help her out with tips on franchising (especially the management side) or even asking if Potdog is the right franchise to go after. Any feedback is welcome, and I'll weave it into the advice/tips I'm going to get from my personal network. Thanks.

Pare Kung gusto ng GF mo ng problema, ayan ang pasukin niya partnership.

Ano position ni GF? Siya ba yung magmamanage? 50/50 split ba sa capital?

Anyways kahit anong setup nilang dalawa ng friend niya ay hindi importante, dahil kahit ano pa yan ay siguradong magwowork kung maganda relasyon nila at may chemistry sila.

Masbetter for them kung alam at accepted nilang dalawa kung sino ang dominant brain and character wise, masLess ang hassle pagwala masyadong interpersonal problem.

Remember lang na 1/1000 ang ratio na makatagpo ka ng partner na tatagal kayo.


TSO

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Reply #5 on: Jul 01, 2014, 10:14 AM
They ARE good friends. I'm not sure how that'll reflect rn the partnership though, but she's the one doing the actual work of running the business lol


Wills

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Reply #6 on: Jul 01, 2014, 11:17 AM
Ahh so siya ang dominant. Ang business partnership ay parang pagaasawa hahaha


george88

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Reply #7 on: Jul 01, 2014, 01:18 PM
Bihirang partnership lang talaga ang nagworkout those are the properly well executed and agreement... It will work as long as complete ng documentation para walang hassle both side pero kung based on trust, friendship and verbal lang it will never work =)..

Contract contract at 50/50 dapat sa lahat...


oca1101uk

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Reply #8 on: Jul 01, 2014, 06:40 PM
Yan nga eh.

But as far as I understand, she'll work on the operations and her partner's just the guy financing it. Either way, my concern is more on the management of the business especially when she has no prior experience with management at all. Any input re: that?



@ oca1101uk

I appreciate your post here, but sorry to say, that wasn't the sort of help I'm looking for. I can easily find information like that online, What I'm actually after is more like how good Potdog in terms of product sales or training the franchisee, etc. etc. Thanks again.

@ TSO, Do you have any experience in managing a business franchise? I posted that for PMT members so they can suggest what's good for your gf future partnership. Always remember figures count in setting up a business so you know what will be your gf ( return of invesment) RTI.


Wills

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Reply #9 on: Jul 01, 2014, 10:20 PM
Bihirang partnership lang talaga ang nagworkout those are the properly well executed and agreement... It will work as long as complete ng documentation para walang hassle both side pero kung based on trust, friendship and verbal lang it will never work =)..

Contract contract at 50/50 dapat sa lahat...

I also believe in that before but you know those contract, rules and agreements etc. is only good in theory.

3 times ako nadali divan sa partnership na iyan I lost more than 1M in total at sa tatlong sitwasyon iba't ibang approach ang ginawa ko.

Paghindi nasunod ang kasunduan usually ang end up is demandahan which of course ayaw mo yun mangyari dahil magastos, masakit sa ulo at time consuming!

Dinidiscourage ko kahit sino diyan ang may gusto ng partnership.

The ratio is against you historically and statistically speaking.
« Last Edit: Jul 01, 2014, 10:32 PM by Wills »


george88

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Reply #10 on: Jul 01, 2014, 10:47 PM
Calculated risk naman yan ni TSO eh he can to experience it then just ask your Girlfriend 1 year from now...by the way meron din nagstart ng foodcart here partnership din sila i think nagclick daw pero shinutdown daw nila dahil hindi nila maasikaso due to their busy work nandun ata sa franchise section  :D


freefront

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Reply #11 on: Jul 01, 2014, 11:19 PM
Can we take a peek at the operations manual   :)
Hmmnnn....a financier and a working partner<<< how's the profit-sharing going to be like?


TSO

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Reply #12 on: Jul 02, 2014, 01:41 AM
@ TSO, Do you have any experience in managing a business franchise? I posted that for PMT members so they can suggest what's good for your gf future partnership. Always remember figures count in setting up a business so you know what will be your gf ( return of invesment) RTI.

No. Not a franchise. I have management expertise with other kinds of businesses (based on observation from family and stuff from work), but a franchise to be specific? Nope.

And thanks for the clarification bro.



@ freefront: It'll probably be 70/30, I would think.



@ george88: I'm not the one running or starting it. My gf just told me about her plan and now I just want to give her advice, whether my own or someone else's. I'm even planning on having her talk to my dad 'cause he's got 30+ years of experience running several businesses far more complex than a food stall lol.



@ Wills: so what do you do when your partner stabs you in the back? esp. if you're good friends pa?


vhinsent08

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Reply #13 on: Jul 02, 2014, 03:45 AM
madami akong naiisip Na pasukin.. But i want to know kung magkanu ang rental sa MALLS? At anu anu ang kailangang bayaran!


TSO

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Reply #14 on: Jul 02, 2014, 04:28 AM
Hahaha, well, I told her to figure out the budget. whether she follows through or not depends on her :P


 


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