Waffle Time Food Cart: Fees and Details
The basic formula and scrumptious taste of a waffle made it as a prevalent treat with different parts of the world. In the Philippines specifically, it turned into a most loved nibble treat. In this manner, picking waffle as a food cart concept makes you a go getter because waffle is an all-time favorite among many most especially by the waffle monsters who are always on the go during rush hours.
Company Background
Waffle Time Inc. is the first and unique purveyor of value waffles in a food cart, with an inconceivable exhibit of delectable and energizing flavors to browse.
Waffle Time was introduced to the market on September of 1998 which opened their first outlet in The Atrium Mall in Iloilo City. They began infiltrating and opening business outlets in Metro Manila in June of 2002. This was then taken after with outlets in Cebu, Cagayan de Oro, Davao and Dagupan. On account of Waffle Time’s proceeded with achievement and their clients duplicating, they began offering its image for franchising on March 2004. From that point forward, it began increasing in the Philippines and it is turning the country into one of the best, prestigious and most of all delicious waffle marks in the world.
Their product offering is an assortment of seasoned filled waffles like the following: American Hotdog,
Canadian bacon, German Cheese Franks, New York Beef Franks, Spicy Chicken dog, Tuna Salad, Cheese Delite, Ham and Cheese, Bavarian Cheese Frank, Swiss Chocolate, Belgian Chocolate, Bavarian Cream, Mango Magic, Pineapple Pleasure and Ultimate Ube.
No. of Branches
- Metro Manila/Luzon – 289
- Visayas – 90
- Mindanao – 62
Main Products and/or Services Offered
- Specialty waffles of different fillings and drinks
More about Waffle Time
Waffle time is a proud member of the Philippine Franchise Association (PFA). It gained its recognition as the Most Promising Filipino Franchise of the Year last 2006.
Waffle Time’s Mission:
- To secure a solid “Waffle Time” brand.
- To build up an inventive & confident human resource.
- To attain to an advanced state of effectiveness.
- To constantly re-develop waffle.
- To delight customers.
Waffle Time’s Vision
To have the capacity to serve the best Waffle on the planet over all races and past all fringes.
Franchise Package Cost and Inclusion
- Package Cost: Php 250,000.00
- Franchise Fee: Php 50,000.00
- Security Deposit: Php 50,000.00 (The security deposit is refundable co terminus with the franchise agreement with no interest.)
- Renewal Fee: Php 50,000.00
- Monthly Service Fee : 5 % of the outlet’s monthly gross sales
- Franchise Duration : Three (3) years
Franchisee may restore the contract upon shared concurrence with the franchisor on the same terms and conditions as the first contract. Franchisor maintains whatever authority to end a franchise agreement before its due termination ought to the franchisee is discovered to be disregarding the stipulations of the franchise agreement.
Waffle Time Franchise Package Inclusions:
- The utilization of the Waffle Time trade name and marks
- The business operations system
- The assembly set-up
- The food cart and signage
- The small wares and operational equipment
- The marketing support
- The technical and operational support
Other Franchise Costs Exclusive of the package:
- Cost of site changes or redesigns
- Site security stores, rentals and other development installments
- Cost of business or government grants and licenses
- Training remittance or compensation of the staff
- Utilities (electricity, water, etc.)
Franchise space requirement and food cart dimension
Store Space Requirement: 2 m x 2 m square meters
Food Cart Dimensions: 1.8 m in length x 0.75 m in width x2.10 m in height
Franchise Application Procedure
To be able to reach your dream of having your very own Waffle Time franchise, you need to follow the simple steps below in a sequential order.
- Secure your letter of intent along with your target location and submit the application to the franchise officer of Waffle Time.
- Be ready for an interview with the franchise officer. The result of the interview would be released after a week.
- Upon approval, the franchise applicant will be oriented and required to assess the people flow of the esteemed target location.
- The franchise applicant is given ten days to come up with a site evaluation.
- Upon submission of the site evaluation, the franchise applicant is required to furnish the following documents: NBI, court and police clearance, Authority to check bank account and Community Tax Certificate and processing fee of Php 5,000.
- The franchise agreement would then be reviewed by the franchise applicant and be signed as approved and agreed upon by the latter.
- The franchise applicant need to secure the fifty percent of the franchise fee.
- The staff of the franchisee would be trained about the outlet operations. This is sponsored by the company.
- The franchise fee needs to be paid in full and the security deposit and initial stocks need to be furnished as well. The processing fee worth Php 5, 000.00 is deductible from the total franchise package cost. However, it is non-refundable if the application is not conceded by the company for whatever reasons.
- The most awaited grand opening day for the new entrepreneur!
Contact Details:
For more information or queries you may reach Waffle Time through the following contact details:
Waffle Time, Inc. Manila Office
Address: # 69 C. Raymundo Avenue Brgy. Caniogan, Pasig City
Contact Person: Catherine Palencia (Franchise Manager)
Telephone: (63)(2) 5841601 (63)(2) 5843704 (63)(2) 6411151
Fax: (63)(2) 6841870
Mobile: +639328923353
Email: customerservice@waffletime.com, catherine@waffletime.com
Web: www.waffletime.com
Facebook: https://www.facebook.com/Waffletime
