Franchising has undoubtedly been a popular and profitable way to make the shift from employee to entrepreneur. There are approximately 125,000 franchised outlets in the country as of May 2012. But what determines franchise success? The support of the franchisor is crucial to the success of a brand on top of good old-fashioned hardwork by the franchisee. Keeping communication lines open between the franchisor and franchisee is also crucial. If you are thinking of getting a franchised business, be on the lookout for industry events where you can see and compare many brands all under one roof. One of the major industry events of the year is the Franchise Asia Philippines 2012 where we saw established and new franchise brands come into the market.
A new player in the milk tea market, Cobo offers items beyond the popular drink. It also has coffee, smoothies, snow ice and snacks. The company is under the Profood International Corporation, the largest dried fruit producer in the country.
Are you interested in a Cobo franchise? For more details, click here.
Photo by Majoy Siason
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