Franchise Opportunities Available!
Franchising refers to the methods of practicing and using another person’s business philosophy.
The franchisor grants the independent operator the right to distribute its products, techniques, and trademarks for a percentage of gross monthly sales and a royalty fee.
Various tangibles and intangibles such as national or international advertising, training, and other support services are commonly made available by the franchisor.
Agreements typically last from five to thirty years, with premature cancellations or terminations of most contracts bearing serious consequences for franchisees.
Franchising isn’t an industry; it’s a way of doing business across multiple business sectors. Almost every industry offers a unique franchise business opportunity.
Ultimate goals of franchises is to provide a rewarding career that can make you master of your financial destiny.
I come across this 7-Eleven Franchise System advertisement at The Star paper today.
Look at one of the Qualification:
- Expected to Work Full Time in the Store!!! 🙂
If you got Excess Capital of RM250,000.00(USD$71,000.00), Will You take up this Franchise or Investment Opportunities?
7-Eleven targets 2,000 stores in three years
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7-Eleven Malaysia Sdn Bhd plans to have 2,000 convenient stores nationwide in three years, boosted by its efficient franchise programme.
Executive director Ng Su Onn said the company now had 1,100 outlets and planned to have 100 more next year.
“We have received about 1,300 applications from potential franchisees, of which we have selected 76.
“We plan, within the next three years, to have 50% of our outlets run by franchisees,” he said yesterday after the signing of a memorandum of understanding between the company and Perwira Niaga Malaysia (Pernama), a subsidiary of Lembaga Tabung Angkatan Tentera.
The collaboration with Pernama will see 7-Eleven offering at least 100 ex-servicemen the opportunity to work at 7-Eleven stores, with the aim of becoming franchisees.
Ng said the tie-up reflected their joint commitment to provide an alternative livelihood for ex-servicemen and the opportunity to become a franchisee of the largest convenience store network in Malaysia.
“With 1,100 stores nationwide, 7-Eleven Malaysia is a 100% Malaysian-run organisation and we work hand-in-hand with our franchisees to maximise sales and profits,” he said.
He added that the company was pleased to assist ex-servicemen re-adjust to civilian life after their dedicated service to the country.
Pernama general manager Datuk AB Wahab Khalil said it was targeting to have 50 ex-servicemen franchisees by end-2010 for the 100 7-Eleven stores in the programme.
“We hope more than 50 people will take this opportunity as we are giving all the necessary financial assistance.
“With 7-Eleven’s proven franchise business system, we hope the ex-servicemen can become successful franchisees,” he said.
In the first phase of the collaboration, 7-Eleven will provide three months on-the-job training to candidates selected by Pernama.
Upon completion of the training, the candidates can choose to work as store managers or operate existing 7-Eleven stores on a franchise basis.
The selected candidates will receive financial support to fund the franchising fee of RM100,000 and another RM100,000 to invest in the store inventory.
An additional RM50,000 security deposit will be provided by Pernama in the form of corporate guarantee.
Pernama will make financial arrangements through establishments specialising in local entrepreneur development such as Perbadanan Usahawan Nasional Bhd and Small & Medium Enterprise Corp Malaysia.
from:biz.thestar.com.my/news/story.asp?file=/2009/12/22/business/5346531&sec=business
Mcdonald’s Malaysia Targets To Open 30 More Branches In 3 Years
KUALA TERENGGANU, Feb 6 (Bernama) — McDonald’s Malaysia, operator of the well-known fast food chain, has targeted to open 30 more branches nationwide within the next three years.
Its senior director Chan Chee Chin said the new branches would be located outside the Klang Valley and Ipoh in an effort to expand its fast food network.
“Within the period concerned, we will be opening more branches in areas like Alor Setar, Langkawi and Teluk Intan to avoid branches being concentrated in a single area like the Klang Valley,” he said.
He was speaking to reporters after the opening ceremony of the first McDonald’s drive-in outlet in Kuala Terengganu by State Rural Development, Entrepreneurs and Cooperatives Committee chairman Datuk Mohamed Awang Tera.
McDonald’s currently has 194 outlets nationwide with 21 of them being managed by 10 franchise holders.
fr:bernama.com/bernama/v5/newsbusiness.php?id=473930
Franchise business to be developed further
MALACCA: The Government will continue to identify local businesses that have the potential to go global as part of its move to develop the franchise industry.
Deputy Domestic Trade, Cooperatives and Consumerism Minister Datuk Rohani Abdul Karim said the Goverment had so far disbursed RM98mil of the RM300mil allocation under the Ninth Malaysia Plan to assist potential entrepreneurs.
“We are looking at approving more potential applications in the near future.” she said after launching the Little Taiwan outlet at Aeon Jusco Bandaraya yesterday.
Rohani said currently, there were 445 franchise businesses registered with the ministry and more than 20 local products and services which had entered the international market through franchising.
She said a potential franchise business could receive a loan of up to RM2mil from the ministry while a franchisee could get up to RM500,000 to developing a new business.
Rohani also pledged the Government’s commitment in developing the country’s franchise industry in a bid to make Malaysia the hub in Asia.
She added that the ministry also helped to promote local franchise products overseas via agencies such as Franchise Development Division and Malaysia Franchise Association.
fr:thestar.com.my/news/story.asp?file=/2010/6/15/nation/6464084&sec=nation
Franchising popular with Sarawak fast-food chains
By JACK WONG
SugarBun, After Three Kopitiam expanding business locally and abroad
KUCHING: Franchising is fast becoming a business model for some of Sarawak’s home-grown food chains to expand their business.
SugarBun, an established fast food restaurant chain, currently has 32 franchised outlets in Malaysia and abroad.
Another company keen to further develop its franchising business is After Three Kopitiam, a new player in the food and beverage industry.
After Three Kopitiam currently has two franchised outlets in the city and one in Bintulu. Its biggest outlet in Miri, costing RM2mil, will open on Aug 8.
SB Franchise Management Sdn Bhd executive director Raymond Teo said the company was building on SugarBun’s strong brand to aggressively expand its restaurant network locally and abroad.
He said franchising was a faster way for the company to grow as setting up restaurants on its own required substantial capital outlay and a big workforce.
“Operators of franchise restaurants will be serious in looking after their business because it is their own investment,” Teo told StarBiz.
SB Franchise is a wholly-owned unit of Borneo Oil Bhd, formerly known as SugarBun Services Corp Bhd.
After Three Kopitiam director Lee Chin Teck concurred with Teo. “Franchise operators will certainly spend more time to manage their business to make good profits,” he said.
Teo said SugarBun, which started as an ice-cream parlour here in 1979, begun to seriously market its franchise programme three years ago. SugarBun serves western and halal Asian cuisine.
Of the 32 franchised SugarBun restaurants, 26 are in Sarawak, four in Brunei and one each in Bangladesh and Sabah.
“We target to open 22 new SugarBun outlets in the next five months. We will be penetrating the huge American market, with the first franchised restaurant to open in Quincy, Missouri before year-end,” said Teo.
The US restaurant will be managed by a Malaysian-owned company, with the help of SB Franchise during the first 12 months of operation.
From Missouri, SugarBun plans to set up its second restaurant at Columbia, a university town with a large Malaysian student base.
Teo said 13 new SugarBun outlets would be set up in various towns in Sarawak, three more in Brunei and Sabah, and two in Peninsular Malaysia by Dec 31. “We have signed the agreements for most of these new franchise restaurants,” he said.
The company has awarded an area development franchise licence for the peninsula market to Brunei-based Satami Food & Catering Services three months ago.
“Under the agreement, Satami is required to set up a minimium of five restaurants during the first year, and 10 restaurants a year from the second to fifth year,” said Teo.
Satami, which currently operates four SugarBun restaurants in Brunei, is owned by a diversified group with business interests that includes real estate development.
Teo said SB Franchise was also in talks with potential investors to establish SugarBun restaurants in Moscow, Vietnam, China and Pontianak, West Kalimantan.
“The franchise agreement for Moscow is expected to be signed with a Vietnamese firm, which has trading business there, next month,” he said.
Of the 26 SugarBun outlets in Sarawak, 15 were operated by franchisees.
“All the franchise restaurants are making money. The top restaurant in Sarawak has an average gross sales of about RM250,000 a month,” he said.
Teo said the combined gross sales of the 32 restuarants was RM37mil for the financial year ended Jan 31, up from RM33.5mil in 2009 and RM26.6mil in 2008. “With more restaurants joining the chain, we are targeting 25% growth (in revenue) for next year,” he said.
The franchise fee for a single unit (restaurant) is RM30,000. For multi-unit and area development franchises, PB Franchise will decide on the initial franchise fee.
Franchisees pay PB Franchise a 4% royalty from their gross sales. They also contribute another 3% to a fund managed by PB Franchise that is used to pay for the advertising, marketing and promotional activities for the SugarBun brand.
“We will set up a training academy in middle of next year to meet manpower requirements of the franchise operators, and support the research and development activities,” said Teo.
Lee said the After Three Kopitiam franchise outlets recorded gross sales of between RM130,000 and RM160,000 each a month. Franchisees pay a royalty fee of 2% to After Three Kopitiam.
Lee said the After Three Kopitiam in Miri would have a total floor area of 11,000 sq ft. “The kopitiam will occupy half of the floor space while balance will be taken up for a banquet hall and central kitchen,” he said.
The After Three Kopitiam chain is owned by The BanQuet, which owns restaurants that cater for weddings and corporate dinners.
Lee said After Three Kopitiam was identifying a strategic location in Sibu for its first outlet there. The company also plans to set up outlets in Kota Kinabalu, Labuan and Brunei this year.
“Unlike in Singapore or Kuala Lumpur, where there are many travellers, our outlets serve many repeat customers. Maintaining a good reputation is vital,” he said.
fr:biz.thestar.com.my/news/story.asp?file=/2010/8/2/business/6745589&sec=business
Singapore Chicken Rice to set up 15 outlets in M’sia
By JACK WONG
KUCHING: Fast-growing Singapore Chicken Rice Sdn Bhd (SCR) is mounting an aggressive network expansion, spreading its wings to Sabah and Peninsular Malaysia.
General manager Michael Sim said the Sarawak’s home-grown food chain planned to set up at least 15 restaurants each in Sabah and Peninsular Malaysia in the next three years.
“We have identified a few locations in Kota Kinabalu, Sabah and the key personnel to operate the business there have been undergoing training.
“We will kick off in Peninsular Malaysia with the first outlet in Seremban later this year. We have also identified Johor and Malacca to expand our business as its potential in the peninsula is huge,” he told StarBiz recently.
Sim said SCR would open its 20th outlet in the populated Tabuan Jaya here soon.
Also under planning are five other outlets, including in Bintulu and Limbang, to be set up in the next five months.
By 2015, the target is to double the number of restaurants in Sarawak to 50.
SCR now has 12 outlets in Kuching, three in Sibu, two in Miri and one each in the Federal Terrority of Labuan and Brunei. The group has a workforce of 570.
The company started in 1987 as a Singapore-Sarawak joint venture, with the Singaporean partner bringing in the recipes for the chicken rice.The first outlet was at Jalan Song Thian Geok here.
Sim said from chicken rice, SCR then introduced side dishes, like beancurd and vegetables. Today, diners could choose from 70 varieties of food on ala carte. The popular Sarawak laksa and kolo mee are on the menu.
He said SCR had firmly established itself as a household name in Sarawak as a halal restaurant, catering mainly for customers in the lower to middle-income groups.
With annual group turnover of more than RM15mil, Sim said the company had targetted for a 20% business growth this year because of the expansion exercise.
“We are upgrading all the old outlets in Kuching, and will spend about RM300,000 per outlet for the improvement and expansion work,” he added.
He said an SCR restaurant had an average of 120 seats.
fr:biz.thestar.com.my/news/story.asp?file=/2010/8/30/business/6549467&sec=business