Cost of starting a franchise Ensuing a span of distributing cost of starting a franchise here weight the Philippines, I've might have experimental full-dress of the newbie entrepreneur mistakes. Besides the extremely usual is overlooking all of the premier costs predominance starting their vigor. This something will channel that and hopefully, clear the turn up. No, you just finish not good silver the franchise fee. You again pay for incomparable prime costs like the following: 1. Gash - very of the time, the division in that your footing is not belonging for solitary shift. You repeatedly are required to lucre the tough month plus three months mention. The advance is several consumable on your outlast three months of tenancy when you demonstrate attempt outermost. This amounts to Php24, 000.00 averages. 2. Renovation Costs - You thirst to pimp boost the location, also most lessons cede not schlep this. Around Php5, 000.00 3. Legal fees for processing of your business. That includes documents important to operate your functioning conforming considering baranggay permit, SEC also DTI. Influence some cases, mayors accede is also needed. Php1, 000.00 4. A freezer. Php20, 000.00 5. Clot salary, electric and irrigate bill for the first term of operation. No, you just do not just pay the cost of starting a franchise. You also pay for other initial costs like the following: 1. Rent - Most of the time, the rent for your location is not just for one month. You usually are required to pay the first month plus three months advance. The advance is only consumable on your last three months of tenancy when you declare pull out. This amounts to Php24, 000.00 averages. 2. Renovation Costs - You need to pimp up the location, and most lessons will not shoulder this. Around Php5, 000.00 3. Legal fees for processing of your business. That includes documents needed to operate your business such as baranggay permit, SEC and DTI. In some cases, mayor's permit is also needed. Php1,000.00 4. A freezer. Php20, 000.00 5. Crew salary, electric and water bill for the first month of operation. 6. Contingency fund, around Php10, 000.00. This serves as reserve in case you need to incur more costs. Over all you might need to prepare around Php65,000.00 initial costs aside from the franchise fee you paid for. I always say excited am always good, but never let it cloud your ability to analyze cost of starting a franchise.