Oocha Franchising

[Starmix]

I'd like to apply for a franchising of the newest tea in the world of franchising. I backout on my plan to apply. The reason is it's franchising fee which is huge for me. It's $20, 000, equivalent to 1.2 million pesos. My saving is more than that but there are other fees to consider like advance 5 months rents in a space in the mall , permits and more. I am also thinking on how many months could I recover the capital. I need time on this.

 

[eLdavis]

Twenty thousand dollars is pretty high, over here that's more than thirty million in our local currency.

 

[Starmix]

Twenty thousand dollars is pretty high, over here that's more than thirty million in our local currency.

That's a new milk tea. The contents are different from what I'm selling now. The cups are also appealing but the franchising fee is high as mountain. I have to wait for two years because the franchising fee might reduce.

 

[Augusta]

You can look at the business and see if you could make it with their fees and payment after deducting your profit. Some franchising don't come cheap.

 

[Starmix]

You can look at the business and see if you could make it with their fees and payment after deducting your profit. Some franchising don't come cheap.

Yes, and I was lucky when I decided to apply for franchising of my milk tea business, the fee was only $ 1000 . This time, all franchising fees are getting higher.

 

[Augusta]

Yes, and I was lucky when I decided to apply for franchising of my milk tea business, the fee was only $ 1000 . This time, all franchising fees are getting higher.

The hike might also be due to inflation which have affected almost areas of the economy

 

[Starmix]

The hike might also be due to inflation which have affected almost areas of the economy

You're right mate. All items are getting expensive this time. I no longer go shopping. I am afraid I cannot control myself to spend.