Chicken teriyaki is a Japanese dish that is well loved by children and adults alike. This is one treat that will fill-up an empty stomach but will still let you crave for more. Thus, to enjoy this, the only choice is “Teriyaki Boy” – a Japanese restaurant offering Japanese favorites at a reasonable price. With its quick service and high-end dining ambience, who would not want to eat here? Having a Teriyaki Boy franchise is surely a treat too. Check out its franchising details to get more of it.
Teriyaki Boy Franchise Company Background:
Teriyaki Boy is a member of Max’s Group Inc. (MGI). It is now considered as the largest casual dining restaurant company in the Philippines. Its vision is to be the leading Filipino company with brands most loved by 2025. Aside from its flagship restaurant – Max’s, it carries famous brands such as Yellow Cab, Pancake House, Krispy Kreme, Jamba Juice, Dencio’s and Sizzling Steaks. Thus, giving you enough confidence to be part of these wonderful brands.
Teriyaki Boy Franchising Details:
Franchise Fee: depending on store size, store type and location
- Inline store or mall base store: Php 8 Million to Pho 10. 5 Million
Franchise Term: (10) ten years renewable for another five (5) years
Area and Size: 100 square meters to 120 square meters with a standard store design, layout, equipment and facilities
Teriyaki Boy Franchise Inclusion:
- store construction
- equipment, machineries furniture and fixtures
- initial manpower hiring and training
- pre-opening marketing support and operations support
- franchise Fee
Franchising Applicants Criteria:
Interested applicants should meet the following criteria:
- preferably with experience in food and retail business
- financial capability
- has a good network in the trade area of the proposed store
- will dedicate time and has the infrastructure to manage the store
Franchising Application Steps:
Interested franchisees will have to follow the Max’s Group Inc guidelines indicated below. After finishing these five (5) steps, the particular brand details will follow. Any individual (as long as he or she meets the criteria) and interested company (represented by its major shareholder) can franchise Teriyaki Boy.
- Accomplish letter of intent (LOI). This can be downloaded in this website: https://www.maxsgroupinc.com/franchise/local. In your letter of intent, please include a proposed site location, area development plan, and map.
- Submission of application form. This form is available upon submission and evaluation of your LOI. This must be completely filled up for easy processing and evaluation.
- Prepare for the interview. MGI will set a meeting to review your application and evaluate your qualifications.
- Wait for your approval. Once you pass the interview, MGI will approve your franchise application including the site.
- The awarding of your Teriyaki Boy Franchise. Upon approval of your franchise application, you will receive a franchise award notice.
Lastly, having a Teriyaki Boy franchise may have the following Pros and Cons:
Pros
- Well-loved and very famous brand in the food and restaurant industry
- Continuous management and staff training and support
- Management’s Regular store visits
Cons
- Location will depend on company’s site assessment and analysis. It will take some time to determine good location
- There are designated suppliers with specific requirements, thus you cannot choose your own set of suppliers
- Advertising cost is big and this is continuous