Goldilocks Franchise Cost, Profit, How to Apply, Requirement, Investment, Review | SkillsAndTech

Have you ever wanted to own your own business? Be your own boss? Are you looking for a franchise in USA? Then this franchise is right for you. To know about how you can get this franchise in the following paragraph. You can know about the cost and profit you can make through this franchise. You can even learn about the requirements that are needed for this franchise.

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Goldilocks Franchise Wiki

Goldilocks traces its roots to the collaboration and complementary talents of the women, whose collective love for good food fuelled what has been transformed into the global enterprise today.

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On May 15, 1966, Filipino-Chinese sisters, Milagros Leelin Yee and Clarita Leelin Go, and their sister-in-law Doris Wilson Leelin, started the first Goldilocks store on the ground floor of a three-story building along Pasong Tamo Street in Makati and started with only 10 employees.

But today Goldilocks is the leading brand in the Philippine bakeshop industry, cutting across all economic classes with a wide variety of products, at prices within the consumers’ reach.

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Aside from being awarded the Super brand Seal of Recognition, Goldilocks was the Outstanding Filipino Retailer for 2006 in the Food Retail Category, and elevated to a Hall of Fame in 2010 in both the Bakeshop and Franchise categories by several award-giving bodies such as the Consumer Union of the Philippines, Parangal ng Bayan, and the Philippine Franchise Association.

This company was also awarded by DTI – Philippine Retailers Association the Outstanding Filipino Retailer for 2006 in the Food Retail category and in 2010 Hall of Fame Award for Outstanding Filipino Retailer. All these further buttressed the genuine quality and dedication that Goldilocks puts into its products and services.

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Also note that the unique nature of Goldilocks is seen not only in its products but in its superior service as well. Goldilocks provides continuing support and advisory services on store operations, local store marketing plans, financial data analysis, and market development-all designed to enhance the franchisee’s store management skills.

Goldilocks Franchise Benefits

This is highly confidential information. Because this company had not disclosed it. You can only know about this after applying for the franchise. All this will be discussed when the basic criteria are met and fulfilled. You can know the procedure as follows.

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Goldilocks Franchise Financial Assistance

No, Goldilocks does not provide financing

Goldilocks Franchise Cost/ Investment / Price / Fee

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• Investment Cost: P6 Million -P13 Million ($121,592 – $263,427)
• Franchise Fee: P800,000 – P1.2 Million ($16,213 – $24,319)
• Royalty: 4% – 8%

How much is the Advertising Fee?

The advertising fee is 3 % of the total sales derived from both bakeshop and foodshop items and is paid on a monthly basis.

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How much is the royalty fee?

  The royalty fees are paid on a monthly basis for the on going use of the Goldilocks name and systems as well as for the continuing support activities of Goldilocks.

a) Bakeshop – 5% of the total value of bakeshop products purchased

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b) Foodshop – 8% of the total monthly gross sales of foodshop items

Goldilocks Franchise Requirements

Goldilocks Franchise Area Required

For the Bakeshop – Minimum of 29-60sqm

Goldilocks Franchise Location

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When you apply for the Goldilocks franchise, you may propose a site location, together with an initial market study of the proposed site, which will include the foot and vehicular count, and demographics (area profile). Our Business Development Department will assess the site and validate the market study.

Goldilocks Franchise Profit

Franchise revenue depends on a wide range of factors, as does profit. How much money you can make from any franchise depends on a number of specific factors such as franchise location, labor costs, commercial lease rates and a number of other factors.

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Although the brand name of Goldilocks is a strong sales inducing factor, the amount of revenue a franchisee can expect to make will greatly depend on the ability of the franchisee to manage the business, drive sales volume, and control operating costs.

How to Apply For Goldilocks Franchise 

To get the franchise first you have to fill the form. Then the company officials will contact you for further details. After that you you can open this franchise.

Apply Here

Goldilocks Franchise Contact details

Website

https://www.goldilocks.com.ph

Goldilocks Franchise FAQ

Is it profitable or not?

Ans: It is fast moving products, so there is fewer margins but your sale is too high. So, obviously you can make more profit from this business.

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What is the Goldilocks Franchise Agreement?

What is the Goldilocks Franchise Agreement? The Franchise Agreement grants to the franchisee the right to operate a specific Goldilocks Store, at a single address, for a period of 5 years. These rights include the use of Goldilocks trade name and trademarks, proprietary products, store design, signage, and use of Goldilocks methods of operation.

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In return the franchisee agrees to operate the business in accordance with the Goldilocks established standards of quality, service, cleanliness and customer service. The Franchisee is expected to do his utmost best to operate his store to achieve the fullest potential of the store in terms of profitability and customer delight.

Is a Franchise?

Yes, a franchise.

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Will training be provided?

Goldilocks will provide training for one Managing Director, the management team and the crew who must all successfully complete the Store Operations Training Program.

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The training for the initial batch of hires will be free of charge but all succeeding training for new employees will be charged.

Training excludes salaries, meals, transportation, lodging cost of the employees and out of pocket expenses of trainers for training activities conducted outside of Metro Manila.

The Franchise Managing Director and store crew will also be required to attend trainings during the duration of the franchise term to upgrade their skills.

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A Goldilocks Operations Manual will be provided for reference purposes and will be updated as needed.

Will Goldilocks provide the manpower to operate the store?

Goldilocks team will assist the franchise in the recruitment of its personnel in terms of screening and testing free of charge for the initial store team but recruitment cost will be charged for succeeding hires. Transportation, lodging cost and out of pocket expenses incurred for localized hiring outside Metro Manila will be charged to the franchisee.

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The store personnel will be directly hired by the franchisee and will be responsible for their salaries and benefits.

How long is the Franchise Term?

The Franchise term is for five (5) years.

How much is the franchise fee?

The franchise fee, which is paid upon the signing of the franchise agreement, is for the right to use the franchisor’s trademark and business system as well as for the pre-opening activities at the start of the franchise agreement such as site evaluation, assistance in recruitment and training for the initial store team.

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Franchise fee for the bakeshop is P250,000. (Exclusive of VAT)

What does Goldilocks look for in a prospective Franchisee?

Goldilocks looks for a franchise applicant with the following characteristics:

• Highly motivated and shares the same values as Goldilocks in terms of commitment to quality and service.
• Dedicated to running the business on a full time basis, not as an investor but as a hands-on operator.(owner/manager)
• Financially capable of meeting the financial requirements
• With an entrepreneurial drive willing to take calculated risk, and with the strong desire to succeed.
• With business management skills preferably with food or retail experience.
• Very good interpersonal relationship skills.
• Willing to operate within the Goldilocks system

Is there a standard store design?

Yes, there is a standard Goldilocks store design, lay out, equipment and facilities requirements for each type of store.

What continuing support will I receive?

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On going support includes regular in – store visits to help you identify areas of improvement, assistance in the development of marketing and customer relations programs and activities, new operating procedures, and much more.

What is The Difference Between Franchisor vs. Franchisee

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What Is The Difference Between Franchise Vs. Sole Proprietorship

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Conclusion

Aside from its quality cakes, breads, and pastries that have been a bestseller over the years, Goldilocks now also offers a wide range of dishes such as beef, chicken, seafood, noodles, pasta, and a wide range of popular Filipino food. Whether you’re a first-time franchisee or a seasoned investor, Goldilocks has several franchise schemes to suit your investment needs.

Disclaimer: The information given in this article like investment may vary from place to place, so we are not sure about the investment part and other parts also.

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