Jollibee eyes further expansion abroad

Jollibee Foods Corporation (JFC), through wholly-owned Jollibee Worldwide Pte. Ltd. (JWPL), is investing $25 million to acquire a corporate vehicle for further expansion in Vietnam, Hong Kong, Macau and Southern China.

In a disclosure to the Philippine Stock Exchange, Jollibee, headed by Chairman-CEO Tony Tan Caktiong, said JWPL has signed a framework agreement with Viet Thai International Joint Stock Company and its related parties to establish a platform for owning and operating a portfolio of restaurants in various territories.

Under the agreement, JWPL will invest $25 million to acquire 49 percent of the joint venture’s company in Vietnam and 60 percent of its company in Hong Kong including the current restaurant businesses of the Viet Thai group.

The Viet Thai group will also receive a $35-million advance which will be repaid in 2016 with interest at the rate of five percent per annum or such other rate as may be agreed upon by the parties.

Part of the investment will be used to fund the joint venture’s acquisition of an additional restaurant chain. After completion of the acquisition, the joint venture will have a total of 139 outlets across its brands, including 118 in Vietnam and 21 in five other countries.

Viet Thai, which is based in Vietnam, has extensive experience in the food and beverage industry, as owner and operator in Vietnam of Highlands Coffee, Hard Rock Cafe, and several smaller food outlets. It also owns Hard Rock Cafe in Hong Kong.

Jollibee said Viet Thai’s consolidated restaurant business was profitable in 2010 with EBITDA at $1.7 million and total sales amounting to about $30.2 million, including the new acquisition.

The execution of definitive agreements will be subject to compliance with certain conditions, including the procurement of relevant government and third party approvals for the transaction.

Jollibee subsidiary Tokyo Teriyaki Corporation is also acquiring the assets of all 20 Chowking stores in the USA from the master licensee Fortune Food Service Company and its related companies for $16 million.

JFC recently borrowed a total of P3.9 billion from foreign banks to finance the group’s capital expenditures and acquisitions in the country and abroad.

The firm entered into an agreement to borrow P900 million from The Bank of Tokyo-Mitsubishi, UFC, Ltd. while JWPL entered into agreements to borrow money from Citibank N.A. and The Bank of Tokyo Mitsubishi UFC, Ltd. (Singapore branch) amounting to $40 million and $30 million, respectively.

Source: Manila Bulletin

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Filipiniana Hotel-Calapan

•

• Bar
• Basketball court
• Beauty salon
• Bell/Porterage service
• Business center
• Cash machine/ATM
• Catering service
• Children swimming pool
• Concierge
• Conference room
• Convention center
• Costume dressing room
• Dining room
• Elevator/lift
• Front desk
• Garden
• Handicapped access
• Handicapped room
• Housekeeping
• Ice machine
• Information desk
• Interior corridor
• Karaoke
• Live entertainment
• Lobby
• Meeting room
• Newspaper
• Newsstand
• Non-smoking room
• Outdoor swimming pool
• Picnic area
• Playground/play area
• Restaurant
• Room service
• Safe deposit box
• Sauna
• Security
• Self parking
• Smoke detector
• Table tennis
• Tourist spots shuttle
• VIP room
• Wakeup call service
• Wedding facility
• Wedding service

SOURCE:: http://www.asiatravel.com/en-us/hotels/philippines/mindoro/filipiniana_hotel_calapan/index.html Subscribe to Biztalk and Jobs via Email Become a fan Biztalk and Jobs in Facebook Follow me on Twitter Blog Links:Health and Wellness The Leader ACTRESS @ CELEBRITIES PHOTOS Young and Adult Sexual Reprouctive HealthOrganic Farming

How to Make the Special Siopao Sauce

Ingredients:
2 cups beef stock
1 piece star anise or ½ teaspoon five spice powder
2 tablespoon cornstarch diluted in 4 tablespoons of water
¼ cup onions, diced
2 cloves garlic, chopped
A dash of ground black pepper
4 tablespoons brown sugar
2 tablespoons soy sauce
1 tablespoon Worcestershire sauce
1 teaspoon salt
Procedure:

1. Heat the saucepan and pour-in the beef stock. Bring to a boil.

2. Add the onions, garlic, soy sauce, Worcestershire sauce, brown sugar, salt, ground black pepper, and star anise then simmer for 8 to 10 minutes. Make sure to cover the saucepan to trap the steam. Add extra water as needed.

3. Turn of the heat then filter the liquid using a fine-mesh kitchen strainer. This is done by pouring the simmered mixture on a strainer with an empty bowl below to hold the liquid.

4. Heat a clean saucepan and pour-in the filtered mixture. Bring to a boil.

5. Add the cornstarch diluted in water then stir continuously until the texture becomes thick.

6. Turn off the heat and allow the mixture to cool down then transfer the Siopao sauce to a serving container.


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Food Cart Franchising Business

Food Cart Franchising Business

FILTREPRENEUR FRANCHISE INC.

Franchise Concepts and Packages

Single Cart Package:
• P26,888
- Pinoy Pao ( Siopao and Siomai )
- Jack’s Eatables ( Fishball, Squidball, Kikiam )
- Pizza Pinoy ( Pizza )
- Red Bowl ( Rice in a Box )
- Burgeroo ( Buy 1 – Take 1 Burger )
- Patatas Fries ( French Fries
- O` Noodles ( Stir-Fried Noodles )

Celebrity Entrepreneur Package:
• P50,888
- Jopay Siomai ( Siomai )
• P30,888
- Joshawarma ( Shawarma )
• Coming Soon...
- Mr. Sholi`s Mongolian Barbeque ( BBQ )

Special Concept Packages:
• P42,888
- Icy Pink Scramble ( Scramble )
- Rainbow Juicers ( Palamig )
- Sisig Stop ( Sisig )
- Put-pot ( Putopao )
- Ching’s Dumplings (Dumplings )
- Happy Waffle ( Waffles )

Combo Packages:
• P42,888
- 2 in 1 Packages ( 2 - Any Combination from Single Cart Packages )
• P60,000
- 3 in 1 Packages ( 3 - Any Combination from Single Cart Packages )
• P150,000
- Food-To-Go ( 3-6 Concept Combination from Single , 2 in 1 , 3 in 1 , & Special Concept Packages )
*Special Distributor’s Price 5-10% Less*

Mall Cart Packages:
• P78,888
- Ching’s Dumplings ( Dumplings )
• P100,000 & P250,000
- Pinoy Pao *Kiosk Type* ( Siopao and Siomai )

Distributor Packages:
• P250,000
- Distributorship of Food Cart Franchise
( 3-7 Concept Combination from Single Cart , 2 in 1 , 3 in 1 , & Special Concept Packages )
*Special Distributor’s Price 5-10% Less*

Freebies and Benefits
- Free Training for the Crew and Seminar for the Franchisee
- 50k Accident Insurance from Sunlife Philippines
( 1 year)
- Free Sub-Dealership of E-Loading Business
(Empowered by LOAD CENTRAL )

LOCATION ASSISTANCE

Our company offers site assistance; we have lots of suggested locations for you. Have your location approved by the company, if you have any. If you don’t have one, the company has a location assistance** to help you find a location (P3,000 for a maximum of 5 prospect locations)

FRANCHISING PROCEDURES

1) Call or text 0921-6887859 to set an appointment

2) Fill up an application form for your chosen Franchise/package

3) Pay the Franchise/Package of your choice

4) Signing of the Franchise Contract

5) Release of Franchise package (4-5 weeks upon full payment)

6) Operate

For DISTANT PROVINCES such as ILOCOS, CEBU, DAVAO , etc., you can purchase any of these Franchise Packages without traveling to Manila . You can pay the company through METROBANK or BDO. The package will be delivered to you via FEDEX/DHL on your charge.

LOGISTICS

For nearby provinces such as Batangas, Cavite , Bulacan, etc., you can contact the distributors (which we’ll give you) at your place. After the purchase of franchise, you would be informed if there are any distributors in your place.

Please feel free to text or call me at:

ALEX V. RUTAGINES
TUCP and PGEA Compound Corner Masaya and Maharlika sts.
Barangay Old Capitol, Quezon City, Tel.No.(632)9299916,Fax No.(632)9941334
Mobile No.+639175631926 & +639393989400
Email: alevars@yahoo.com

STEPS ON HOW-TO FRANCHISE

OPTION A:

STEP 1 SET A MEETING WITH A FRANCHISE CONSULTANT

CONTACT:

SMART : 09393989400 Land line: 9941334 Or Email to fodcart consultant alevars@yahoo.com

Office is Open from Monday to Saturday 10 AM - 9 PM
Daily time Slots of appointment: 11 AM -7 PM Only

STEP 2 Fill up. Sign and submit Application Form and Letter of Intent (LOI) from the Franchise Consultant, indicating your chosen concept(s) and package.
STEP 3 Present a Valid Government ID (e.g. SSS, TIN, Passport, GSIS, Driver's license, Postal ID, or Voter's ID) and Submit a Sketch of proposed location of the cart for approval (If none, leave it Open)

STEP 4 Once Approved, proceed at the cashier for the full payment of your chosen package

Modes of Payment Cash

Bank cheque (3-4 days for clearing)
Credit or debit Card (plus 4.5% interest)

STEP 5 Review and Sign Franchise Agreement (contract)

STEP 6 Attend Franchise Operation Seminar and Business Permit and Registration Seminar (Mandatory)

Schedule of Seminar
Every Friday or Saturday 1:30 PM - 4:00 PM

STEP 7 Attend Crew Training

Schedule of crew training
Monday to Thursday, 1 PM - 4 PM depending on the Concept

STEP 8 Follow up and schedule Release** of the Food cart Package (pick-up or delivery***)

Fabrication Period of cart
For Collapsible - within 2-4 weeks
For High-end - 45 days

***For delivery, conditions applied.
** Cart will only be released if Franchisee had already attended the Franchise Seminar and Site is already approved and available

STEP 9 START FORMAL OPERATION




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