Frequently Asked Questions
Q. Is there any royalty fee and fees such as renewal fee how much terms is case of franchise terms?
A. We no longer charge for royalty fee, we only have a monthly monitoring fee of Php5,000 which covers our delivery, marketing, accounting and some advertising
Q. Do we have commissary for the product offer by franchisee?
A. yes we do. this handles other products that needs bulk order to avail bigger discount and will be sold to franchisees in still lower price
Q. What are the space requirement category to avail this franchise?
A. for 350k 20sqm to 40sqm
for 550k 40sqm to 80sqm
for 1.5M 60sqm to 120sqm
Q. Do you have picture of sample stores already open and working?
Q. How many stores currently open?
A. currently we have one (1) Mini7 in Makati;
Q. What are the product that you could offer in addition with the stocks from direct supplier?
A. Based on my research and observation, the market move of 711 and mini stop is to have a share on the market of people buying rice meals from food chains, so aside from the grocery and ready to eat and drink items of convenience store, we shall have rice meals available in our store to cater breakfast, lunch and dinner and even midnight snack if we will open for 24hours
Q. How much required total required investment required? Currently owned a Commercial property unit in ***************** which is 72 sqm.
A. your 72sqm shall require the 550k package, it will have a grocery department, food department and dining area. All expenses will be shouldered by the package.
On the other hand, you are the owner of the property, how much will you price the space for rental? the rental fee is included in the 550k package.
Php550,000 Package includes:
Renovation (Plumbing, Electrical, Architectural)
Use of Tradename and Logo
Business Registration (sec, brgy, mayors, bir and sss)
2ft x 8ft signage
1 unit Freezer
2 units Chiller
4 units Metal Shelves
1 unit Counter Shelf
2 Counter Tables
1 unit Cash Register
2 units Table & Stools
1 unit Water Heater
1 unit 2L Rice Cooker
1 unit Microwave
1 unit Food Warmer
1 unit Double Burner Stove
1 unit Deep fryer
1 unit Ice Crusher
2 units Industrial Steamer
1 unit Double Juice Dispenser
2 units Product Tables
Set of Kitchen Materials
Monthly Marketing Support
Monthly Monitoring Services
Php 100,000 worth of Initial Stocks
Q. Do you have your own POS system/Inventory system/Accounting system to monitor sales/inventory and etc. and tax related matter could be filled such like monthly, Quarterly and yearly is this responsible of Franchisor.
A. Yes Sir, we have a POS provider that takes care of the POS System, training and monitoring; and we have a partner Accounting Firm that handles our monthly tax obligations, benefits payments and other
Q. Need to clarify the monthly Php 5,000 monitoring fee as mention, Does it also covers accounting and tax related matters such as Monthly/Quarterly/Yearly filling of tax. Or there would be a professional fee for the partner accounting firm.
A. The Php5,000 monitoring fee covers and contributes to the following services:
1. Delivery Charges
delivery system requires a minimum amount of delivery. sometimes delivery amount is not met, so delivery charges applies.
we will make a standard delivery schedule or routine on all stores.
2. Sales and Marketing
Regularly sales performances of each store will be checked and if sales is low and marketing is required we will send a team on your area. We will assign an Area Coordinator and hire some promodizers to conduct surveys, marketing campaign, food cart exhibits etc. in your area to promote your store. These manpower are paid on a regular rate, a portion of your Monthly Monitoring fee goes to the sales and marketing department.
Aside from these ground workers we have online marketing staff in the office.
3. Advertising and Promotion
Depending on the requirement and status in a certain area, we shall inquire on media promotions that will cover your store.
National level of marketing and advertising also applies, this makes the news paper ads (if applicable), Local Radio station sponsorship, TV show bar hosting which promotes our products on their show and some Exhibits and expos that happen in trade centers.
4. Accounting Retainer fee
Your store sales and expenses is monitored by our accounting firm and gives us instructions and updates on monthly and scheduled payments like local taxes, sss payments, business taxes etc.
Regularly Accountants charges Php3,000 to Php5,000 monthly retainer fee. depending on the size of business. Tax payments is paid by the Store.
5. Training and Standard Monitoring
On other franchising, you send your crew to undergo training on the main office or main store. others they request a personnel from the main office to train their personnel on their store proper. Depending on the location, this services also applies to us. Your store will be visited once or twice by our standards personnel to inspect standards on operations, system and to check defective facilities and equipments.
All of these services is covered by the Php5,000 Monthly Monitoring Fee.
You may find it discounted because the personnel working on these services like the Accountant (Php3,000/month), Area Coordinator (P10,000/month), Promodizers(Php300/day/person), Training Personnel(Php10,000/month), Drivers, Helpers and others adds up more than what you have paid for.
but we practice a collective system that caters to all our franchisees.
Q. Who will handled Finance related matter such as payment to vendor (Ap payment), Compensation Benefits (Payroll), Transferring to Employee bank account, Bank reconciliation and Cash flow analysis.
And what is the control in transaction record in bank it this are handled by head office.
All financial reports are made inside the store and submits copy to the main office, all purchase orders are prepared by the store manager and cash/check vouchers requesting for fund or for payment is submitted to the company treasurer
Q. What if we have products that we want to sell inside the store? would you allow us?
A. All products inside the store should be in uniform with the products in the other Mini 7 Store. If you would like, you can enroll your product to the main office to be screened by the product board. Upon approval it would be sold to all Mini 7 Stores.