Franchising

• Highly motivated and shares the same values as Goldilocks in terms of commitment to quality and service.
• Dedicated to running the business on a full time basis, not as an investor but as a hands-on operator.(owner/manager)
• Financially capable of meeting the financial requirements
• With an entrepreneurial drive willing to take calculated risk, and with the strong desire to succeed.
• With business management skills preferably with food or retail experience.
• Very good interpersonal relationship skills.
• Willing to operate within the Goldilocks system

The franchise fee, which is paid upon the signing of the franchise agreement, is for the right to use the franchisor's trademark and business system as well as for the pre-opening activities at the start of the franchise agreement such as site evaluation, assistance in recruitment and training for the initial store team.

Franchise fee for the bakeshop is P250,000. (Exclusive of VAT)

Investment cost will vary depending on the size of the store, the location, type of store and several other factors. Investment cost for a Bakeshop is estimated at P 3.9 Million to 6 Million (depends on the size and condition of the store site)

Investment cost will cover the following:

• Franchise Fee
• Security Deposit
• Project Management Fee
• Leasehold Improvements
• Operating Equipment
• POS- Point of Sales with Hardware Package

  The royalty fees are paid on a monthly basis for the on going use of the Goldilocks name and systems as well as for the continuing support activities of Goldilocks.

a) Bakeshop - 5% of the total value of bakeshop products purchased

b) Foodshop - 8% of the total monthly gross sales of foodshop items

Goldilocks will provide training for one Managing Director, the management team and the crew who must all successfully complete the Store Operations Training Program.

The training for the initial batch of hires will be free of charge but all succeeding training for new employees will be charged.

Training excludes salaries, meals, transportation, lodging cost of the employees and out of pocket expenses of trainers for training activities conducted outside of Metro Manila.

The Franchise Managing Director and store crew will also be required to attend trainings during the duration of the franchise term to upgrade their skills.

A Goldilocks Operations Manual will be provided for reference purposes and will be updated as needed.

Goldilocks team will assist the franchise in the recruitment of its personnel in terms of screening and testing free of charge for the initial store team but recruitment cost will be charged for succeeding hires. Transportation, lodging cost and out of pocket expenses incurred for localized hiring outside Metro Manila will be charged to the franchisee.

The store personnel will be directly hired by the franchisee and will be responsible for their salaries and benefits.

When you apply for the Goldilocks franchise, you may propose a site location, together with an initial market study of the proposed site, which will include the foot and vehicular count, and demographics (area profile). Our Business Development Department will assess the site and validate the market study.

On going support includes regular in – store visits to help you identify areas of improvement, assistance in the development of marketing and customer relations programs and activities, new operating procedures, and much more.

Although the brand name of Goldilocks is a strong sales inducing factor, the amount of revenue a franchisee can expect to make will greatly depend on the ability of the franchisee to manage the business, drive sales volume, and control operating costs.

• Franchise Application Form
• Data Privacy Consent Form