In a telephone interview, Andokâ€™s Litson President Leonardo M. Javier, Jr. said the firm will franchise 40 dine-in outlets and 100 take-out stores, which cost P9.9 million and P2.5 million, respectively. He declined to say how many company-owned branches would be opened.
“In the hierarchy of basic needs of food, clothing and shelter, the first is usually the last to go during an economic crisis,” he said, noting that demand for food would always be there due to the steady growth of the population.
Mr. Javier said Andokâ€™s Litson would aim to retain growth in sales and profits.
The firmâ€™s most recent audited financial statements showed that revenues jumped by over four-fifths to P505.61 million in 2007, while net income went up to P6.29 million from P3.4 million in 2006.
Officials of main competitor Baliwag Lechon Manok, Inc. declined requests for an interview.
Mr. Javier said the prevailing economic conditions provide opportunities even for those who have lost jobs, as they could start their own businesses or consider franchising, which reduces the risks of failure with a tested business model.
He said the company would try to open the first Andokâ€™s stores in Mindanao next year, after improving quality and the service of franchise operations.
The time is NOW to join the ONLY all-encompassing Vacation Franchise We don’t just PLAN CRUISES… We Plan DREAM VACATIONS A Powerhouse in the Travel Industry – As part of World Travel Holdings, we’re the world’s largest cruise agency. Gain unrivaled buying power helping you stand out from the competition. We’re in the TOP […]
e² Young Engineers
Build Your Tomorrow. Today! CLICK HERE TO VISIT OUR WEBSITE Background: We are e² Young Engineers Young Engineers enrichment programs combine education + entertainment = edutainment. We created a variety of different programs that can be used to teach science, technology, engineering, math (STEM). Children joining our educational community can learn and enjoy arithmetic, physics, […]
Make Money – Start a MOBILE APP Business Mobile websites are hot and in demand like never before thanks to the explosion of mobile devices such as smartphones and tablets. Businesses are paying BIG money for mobile website and app design and now YOU can get a piece of the action! The With our training […]
Personal Touch Products
Create Amazing Gifts Your Customers Will Love! Easy • Fast • Enormous Profits We have been around 28+ years for one reason; our concept is fast, simple and offers our clients a great way to make money. The reality is, everyone loves personalized products. But we keep our concept so easy its crazy. All you […]
Business owners don’t have the time or know-how to manage their own social media campaigns, yet they know they need to. Start your own business managing social media for local businesses – we provide the website & all the training you will need. Do you enjoy Facebook & Twitter? Why not make a hefty residual […]