Hukad is the latest restaurant concept by the people behind the Golden Cowrie Restaurant. They added fresh and exciting dishes to the menu, but still remained true to the original concept of native Filipino cuisine in order to match with the latest in Filipino food innovations and to appeal to a new wave of customers.
With Hukad/Golden Cowrie, it’s ‘always a feast!’. It represents the comfortable feel-at-home atmosphere, and the joy in bringing loved ones together over a sumptious Filipino meal.
Hukad/Golden Cowrie has become VisMin’s go-to restaurant for Filipino comfort food. Highlighting on regional fares, suh as Cebu’s famous lechon and other truly Filipino tastes plus the offering of unlimited rice, Hukad and Golden Cowrie signifies the purely Pinoy salu-salo that is never short on delectable food.
True to the Golden Cowrie tradition, Hukad’s menu and ambiance screams Filipino fiesta: huge servings of food, big tables with lots of seating room, and cheerful servers and waiters. It’s always a feast in Hukad sa Golden Cowrie’s restaurants all over the Philippines.
How to franchise Hukad by Golden Cowrie:
Franchise Fee: Php1,500,000 (Vat Exclusive)
Hukad by Golden Cowrie Franchise Inclusive of:
- Use Trade Name and Proprietary marks
- Site Assessment
- Site Design
- Use of Golden Cowrie Operations Manual
- Training for Franchise Owner, Management, Kitchen & Service Crew
- Procurement program
- Marketing assistance
- Pre-opening assistance
- Grand opening assistance
- Post opening assistance
- Research & Development
Franchise Term: Ten (10) years
Royalty: 5% on gross monthly sales
Space Requirement: minimum of 150 sqm.
Estimated Total Investment: Php8 Million to Php9 Million (Depends on store size & other construction details)
Hukad by Golden Cowrie Application Procedure
1. Letter of Intent
- Express interest in franchising a Hukad or Golden Cowrie by emailing [email protected]
The letter on intent should contain the proposed site with complete address and a site location map.
2. Franchise Application Form
- After receipt of the letter of intent, the Franchise Development Manager will send thru email an Application Form for you to fill up.
- A Php30,000 processing fee will be required for the Site Evaluation
3. Site & Franchise Evaluation
- The Business Development Team will visit the proposed site to further evaluate the potential of the business. After all queries and concerns have been discussed, an initial determination on the viability of the business can be made.
4. Business Meeting
- We will request the Franchise Applicants to a meeting in Cebu City.
5. Franchise Approval
Contact Details of Hukad by Golden Cowrie:
Mobile: (0917)890-2327
Facebook Page: www.facebook.com/HukadGoldenCowrie
Visit Website (This link will open on a new window)
Basics of Franchising Hukad by Golden Cowrie
Franchising benefits
Franchisees gain access to a proven business model, established brand reputation, and ongoing support from Hukad by Golden Cowrie, reducing the risks associated with starting a new business. They benefit from collective advertising and marketing efforts conducted by the franchisor, which can result in increased customer traffic and sales. Franchisees also have the opportunity to tap into the training and operational resources provided by the franchisor, enhancing their chances of success and profitability. Below are just a few pointers why franchising Hukad by Golden Cowrie is beneficial for the inverstors:
High success rate due to its business model rather than starting from scratch.
Franchising Hukad by Golden Cowrie offers the advantage of tapping into an established reputation and customer base, which can significantly reduce the time and effort required to build brand recognition. Additionally, franchisors typically provide comprehensive training, ongoing support, and proven business models, mitigating many of the risks associated with starting a new venture.
Franchisees benefit from economies of scale in purchasing, marketing, and operational support, which can lead to cost efficiencies and improved profitability.
Overall, franchising offers a structured pathway to entrepreneurship with a higher likelihood of success compared to launching a new brand independently.
Hukad by Golden Cowrie is a recognized brand or trademark that can bring you success.
Success is achievable for franchising recognized brands like Hukad by Golden Cowrie due to their established reputation, which can attract customers more readily and build trust faster than starting a new brand. Franchisees benefit from proven business models, operational support, and marketing strategies provided by Hukad by Golden Cowrie, reducing the risks associated with independent entrepreneurship.
Additionally, being part of a well-known brand network offers access to economies of scale, collective marketing efforts, and a support system among fellow franchisees, enhancing the likelihood of success.
Availing financing from various sectors is highly likely due to a good brand reputation.
Financing is often more readily available when franchising a reputable brand due to several factors. Banks and lenders are typically more willing to provide loans to franchisees of established brands because they have a proven track record of success and lower risk compared to new, unproven businesses.
Additionally, franchisors may have relationships with financial institutions or offer financing options themselves, making it easier for franchisees to secure funding. The recognizable brand name and business model of Hukad by Golden Cowrie also provide a level of security for lenders, increasing the likelihood of loan approval and favorable terms for franchisees.
Formula for success that a franchisor may provide.
Low-cost supplies and efficient supply chain management contribute to higher profit margins for franchisees by reducing the cost of goods sold. Effective marketing increases brand visibility and customer traffic, leading to increased sales and revenue. A prime location maximizes foot traffic and accessibility, further enhancing the franchisee's revenue potential and profitability.
5 things to consider when franchising Hukad by Golden Cowrie
1 Make sure that you really want to own this franchise and this will best fit your venture among other offered business opportunities.
2 Be certain that you can work harmoniously with Hukad by Golden Cowrie franchise and it is within your interest. A visit to one of the franchise store will help you be more aware of operation and proceedings.
3 Carefully study the Terms and Condition, Franchise Agreement, and what are included in franchising Hukad by Golden Cowrie.
4 Check if Hukad by Golden Cowrie franchise will be compatible with the rules and regulation, as well as existing laws on chosen location.
5 Best location is one key aspect to have a successful Hukad by Golden Cowrie franchise. Study the environment and see if your business suits the surroundings.
Successful frachising 101
Becoming a successful Hukad by Golden Cowrie franchisee requires a combination of strategic planning, dedication, and hard work. Here are some steps you can take to increase your chances of success:
Research
Start by researching various franchise opportunities to find one that aligns with your interests, skills, and financial resources. Look for franchises with a proven track record of success, strong brand recognition, and a supportive franchisor.
Understand the Franchise Agreement
Carefully review the franchise agreement, including all terms, fees, and obligations. Make sure you fully understand the expectations and requirements of being a franchisee.
Financial Planning
Evaluate your financial situation and determine how much capital you have available for investment. Consider not only the initial franchise fee but also ongoing expenses such as royalties, marketing fees, and operational costs.
Training and Support
Choose a franchise that offers comprehensive training and ongoing support to franchisees. Take advantage of all training programs provided by the franchisor to learn the ins and outs of the business.
Location Selection
If the franchise involves a physical location, carefully choose the location for your business. Consider factors such as foot traffic, demographics, competition, and lease terms.
Follow the System
One of the benefits of franchising is that you're buying into a proven business model. Follow the franchisor's system and guidelines closely to increase your chances of success.
Provide Excellent Customer Service
Focus on providing excellent customer service to build a loyal customer base. Happy customers are more likely to return and recommend your business to others.
Marketing and Promotion
Take advantage of the marketing support provided by the franchisor, but also be proactive in promoting your business locally. Utilize social media, local advertising, and community events to attract customers.
Manage Finances Wisely
Keep track of your finances closely and manage expenses efficiently. Monitor your cash flow, budget carefully, and seek professional advice if needed.
Adapt and Innovate
Be willing to adapt to changing market conditions and customer preferences. Look for opportunities to innovate and differentiate your business from competitors.
Network with Other Franchisees
Connect with other franchisees within the same system or industry to share insights, experiences, and best practices. Networking with fellow franchisees can provide valuable support and advice.
Stay Committed
Building a successful franchise takes time and effort. Stay committed to your business, remain focused on your goals, and be prepared to overcome challenges along the way.
By following these methods and staying dedicated to your business, you can increase your chances of becoming a successful Hukad by Golden Cowrie franchisee.