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.
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 […]
Commercial Capital Training
Welcome to Commercial Capital Training Group Own Your Own Finance Business By Completing Our Comprehensive Commercial Loan Broker Training Program Commercial Capital Training Group, LLC 90 State St. Suite #1500 Albany, NY 12207 Commercial Capital Training Group has developed a one-of-a-kind commercial loan broker training program that allows you to own a commercial finance company. With […]
Kona Ice is ranked the #1 New Franchise in Entrepreneur Magazine and rated the highest in Franchisee Satisfaction by TWO separate agencies! Here at Kona Ice, we don’t think it’s luck at all. It’s the combination of a fresh concept, strong corporate support with a vision, and a desire to make the world a better place. So […]