What is the cost of a franchise and term of agreement?
The average outlay to establish a Tin Hao Dimsum outlet is approximately P315,000. Part of this amount are initial fees of P150,000 with a 5 year term of agreement.
What does this amount entail?
Branch Set-up Expenses
Leasehold Improvement
Equipment
Signage and Menu Board
Cashiering
Cleaning Supplies
Initial Fee (For branches in Metro Manila only; for those outside Metro Manila, there is a Development Fee Computation (airfare, hotels & per diem)
Pre-operating Expenses
Licenses/Permits/Registration Fee/Insurances: Construction Fee and Notarial Fee
Allowances of Trainees during Initial Training
Uniform for Employees
Does this require intensive cooking?
No, all major production, handling and cooking are done in our production facility. We do it this way in order to provide our Franchisees with ease of replication. We find that there are more benefits in this system given that it will be less labour-intensive on our Franchisees part, and having the production centralized will also beef up the quality control.
What qualities do I need?
A franchise needs to display the following qualities:
Team player
Hard worker
Possess a desire to achieve
Willing to follow the Tin Hao Dimsum system
Good communication skills
Self-discipline and tenacity
Superior organizational skills
Willingness to learn
Show integrity