Mang Inasal Essay Sample
- Word count: 524
- Category: unemployment
A limited time offer!
Get a custom sample essay written according to your requirements urgent 3h delivery guaranteedOrder Now
Mang Inasal Essay Sample
MANG INASAL – Philippine’s fastest growing barbeque fast food chain, serving chicken, pork barbeque and other Filipino favorites, was first established on December 12,2003 in Iloilo City. Currently, there are 445 branches nationwide and with over 10,000 employees system wide. MANG INASAL is doing its share in alleviating the unemployment burden of the country. The presence of every MANG INASAL in a certain area provides not only employment but also opportunities to community members including suppliers of kalamansi, charcoal, banana leaves, vegetables, bamboo sticks, and other ingredients. It also indirectly gives income – generating activities to many. MANG INASAL is operating at the following areas: Bacolod, Iloilo, Roxas, Laguna, Bicutan, Metro Manila, Davao, Cagayan De Oro, Koronadal, Ozamiz, Iligan, Surigao, General Santos, Pagadian, Batangas, Lucena, Naga City, Davao del Norte, Davao del Sur, Tagaytay, Palawan, Tacloban, Ilocos Sur and Tarlac. MANG INASAL is targeting to open 500 stores by 2012. Mang Inasal Manila Corporate Office is located at 2316 Aurora Boulevard, Tramo St., Pasay City with fax number (02) 854 – 5692 and Landline (02) 854 – 3346.
To be the preferred quick service restaurant of every pinoy everywhere!
To consistently provide our customers a great pinoy dining experience
A franchise feasibility study will analyze and prioritiz in recognizing the strengths and weaknesses of the underlying business model of Mang Inasal. In the new business of franchising, it is critical to develop evaluation, documentation, training, mentoring and consulting skills, all within an ongoing, long term franchise relationship. The study will conduct analysis of opportunities and trends in franchising Mang Inasal to be able forecast the profit of the business. Once the market analysis are done , it would be better to developed realistic financial status of the business. These projections will help to determine the financial feasibility of the venture.
Starting up a business in franchising requires to track the record of the existing business, and that is the first step in business planning. After evaluating the business, the study should consider how much is the starting capital to develop the franchise concept. The franchise fee of Mang Inasal is P1.1 Million + 12 VAT. It includes tried and tested operation support, use of brand/ trade name, opening marketing support and training support.The franchise term is 7 Years (Renewable) the space requirement is 150 to 200 Sq. Meters. The royalty/service Fee is 5% of Gross Sales, while the advertising Fee is 2% of Gross Sales. The Sources of Financing will be Php 7,000,000. the Corporation will put in P 5,000,000. The remaining will be borrowed from the bank.
The objective of the study is to understand the business concepts of Mang Inasal to be able to forecast the profitability of the business. In conducting the study, there are factors that are need to be considered such as customer satisfaction, industry trends, market area demographics, economic statistics, competition, suitability of your location and the business concept. Identifying those factors will lead to clearly understanding the sales potential of Mang Inasal. Other objective is to highlight the strengths and weaknesses of the company.