Company Name: BAYO Franchising Corp
Initial investment: P3-4 million
Investment Recovery Period: 2-3 years
BAYO Franchising Corp
8-C Mercury Ave., E. Rodriguez Jr. Ave.
Bagumbayan, Quezon City
Telephone: (02) 421-6202; (02) 421-6228 to 31
People behind the company: Lyn Agustin and Corcor Bitong, the owner of BAYO.
What the company does: BAYO, a ready-to-wear clothing company that now has a total of 53 branches – 18 franchised and 40 company-owned – within Metro Manila and Bacolod City.
When the company started: Agustin and Bitong started their business in 1992 and started franchising in 2001.
How the company grew: Agustin and Bitong started out a simple made-to-measure dress shop in Makati City. But when their demand and clientele grew, the sisters, together with their husbands, established Lyncor Inc., a manufacturing firm and began market their women’s clothing designs in earnest.
To read this entrepreneur’s amazing success story, please grab a copy of Entrepreneur Magazine Philippines’ July issue, available in all bookstores and Mini-stop branches nationwide.