- Is Potato Corner a Franchise For Sale?
- How much does a Potato Corner franchise cost
- How much do Potato Corner franchise owners make?
- Potato Corner Franchise Requirements
- Potato Corner Training to Franchises
- Potato Corner Operations to Franchises
- How is Potato Corner Territory Granted to Franchises
- What is the Franchise Term of Agreement and Renewal?
- Does Potato Corner provide Financial Assistance to Franchises?
- Pros & Cons of owning a Potato Corner
- What is Potato Corner franchise reviews
- Franchise Deck Analysis and Overview
- Competition Analysis of Potato Corner Franchises
- Conclusion: Should You Buy Potato Corner franchise for Sale?
- Frequently Asked Questions (FAQs)
In the fast food market, Potato Corner is a well-known name, distinguished for its mouthwatering flavored fries. It has grown to be a preferred destination for many people throughout the world to get snacks. With its innovative idea of offering flavorful fries that are hot and freshly cooked, the Potato Corner franchise has gained popularity among many food lovers.
You’ve come to the right place if you want to own a Potato Corner. I’ll provide you with useful details about franchises’ costs, prospective profits, and reviews of Potato Corner franchises in this post. We’ll also discuss the possibilities for you to join this dynamic brand. Read on to learn more if you’re thinking about buying a Potato Corner business. A popular food franchise worldwide, Potato Corner specialises in selling flavored french fries. Since its establishment in 1992 in the Philippines, the brand has expanded to over 1000 locations in various countries around the world. The franchise offers a variety of flavored fries, such as cheese, barbecue, sour cream and onion, and more, and has become known for its unique and tasty snacks. The Potato Corner has locations in the USA and Philippines and expanding in other countries worldwide.
The market for food and beverage services expanded at a compound annual growth rate (CAGR) of 5.7% from $3,559.94 billion in 2022 to $3,763.14 billion in 2023. The outbreak of the Russia-Ukraine conflict has hindered the possibility of worldwide economic recuperation from the COVID-19 crisis, at least for the immediate future.
Is Potato Corner a Franchise For Sale?
Yes, Potato Corner does offer franchising opportunities. An internationally recognised brand and a tested business concept characterise Potato Corner, a long-running franchises.
How much does a Potato Corner franchise cost
The initial cost for a Potato Corner franchise can range from $186,500 to $596,000 and consists of the franchise fee, store design and construction, equipment, and first inventory. In addition, recurring costs like royalties and marketing charges might exist. To learn more specifically about the price of a franchise, it is advisable to speak with Potato Corner directly.
How much does it cost to franchise a Potato Corner in the United States?
In the United States, the total cost package to start the Potato Corner French Fry Store is around $186,500 to $596,000.
How much does the Potato Corner franchise cost in the Philippines?
The Potato Corner Franchise Cost Package in the Philippines is PHP 325,000 to 550,000. The cost break-up is as below
- Tera Package with a cost of PHP 325,000
- Mega Package with a cost of PHP 450,000
- Giga Indor Package with PHP 475,000
- Giga Outdoor Package with PHP 550,000
Potato Corner Franchise Price and Costs |
|
Potato Corner Franchise Fee | $ 35,000 |
Potato Corner Franchise Cost | $186,500 to $596,000 |
Royalty Fee | 6 % |
Advertising Fee | 1-2 % |
Term of Agreement | 5-7 years |
Is franchise term renewable? | Yes |
How much do Potato Corner franchise owners make?
The revenue generated by the Potato Corner Franchise owners cannot be ascertained as the company does not disclose any sales data, nor does it predict sales or profitability in any location.
What is Potato Corner Franchise profit and ROI in USA?
I do not have access to real-time financial data, including specific profit and return on investment (ROI) figures for individual franchise like Potato Corner in the USA. Profit and ROI can vary widely based on factors such as location, market demand, operational efficiency, and management.
If you are interested in opening a Potato Corner franchise in the USA, I recommend reaching out directly to the company’s franchising department or contacting existing franchisees to inquire about their experiences and financial performance. They can provide you with more accurate and up-to-date information regarding potential profits and ROI specific to your circumstances and location.
Entrepreneurs who want to open a franchise can look at
- Five Guys Franchise
- Jollibee Franchise
- Wingstop Franchise
- Shake Shack Franchise
- Mr Fries Man Franchise
- Chick-fil-A Franchise
- McDonald’s Franchise
- Burger King Franchise
- Arby’s Franchise
- Jack in the Box Franchise
- Freshii franchise
- Fat Shack Franchise
- Fazolis Franchise
- The Cheesecake Factory Franchise
- Pizza King Franchise
- Hummus Republic Franchise
Facts That Nobody Told You About Potato Corner
- In October 1992, Potato Corner inaugurated its initial store in the Philippines and initiated franchising activities in the following year.
- In 2003, the Philippine Franchise Association and the Department of Trade and Industry honored Potato Corners with the Franchise Excellence Hall of Fame Award. Additionally, the franchise has been awarded the Best Franchise of the Year three years in a row, and recently, it received the Global Franchise Award from the same organisation.
- Potato Corner’s unique cooking process involves shaking the fries in a paper bag to distribute the flavor powder evenly. This technique is patented and is known as “Shake Shake.”
- The brand has collaborated with other popular food brands such as Coca-Cola, Hershey’s, and Nestle to create limited-edition flavors.
- In 2020, Potato Corner partnered with Feeding America to donate a portion of its sales to help provide meals for people in need during the COVID-19 pandemic.
Potato Corner Franchise Information |
|
Industry Type | Food franchise opportunities |
Sub Category | Fries franchises |
Year Established | 1992 |
Company Name | Potato Corner |
Founder/Management Head | Jose Magsaysay Jr. |
Franchising Started | 2016 (Internationally) |
Employees at Company H.O | 50-200 |
Franchise Expansion Plan | Worldwide |
Number of Units | 1,390 |
Number of Franchise Units | 1100+ |
Social Media Handles | |
Youtube | |
Company Office location | 869 Katarungan St. Mandaluyong City, Mandaluyong, Metro Manila PH |
Potato Corner Franchise Requirements
Here are the points for the application process and requirements for individuals and companies interested in partnering with Potato Corner.
For Individuals
- Submit a Letter of Intent (LOI) to Potato Corner expressing your interest in partnering with them.
- Fill out the Application Form provided by Potato Corner.
- Sign the Non-disclosure Agreement provided by Potato Corner to protect their confidential information.
- Provide your Curriculum Vitae (CV) to give Potato Corner an idea of your work experience and qualifications.
- Provide a copy of your passport as proof of identity.
For Companies
- Submit a Letter of Intent (LOI) to Potato Corner expressing your interest in partnering with them.
- Fill out the Application Form provided by Potato Corner.
- Sign the Non-disclosure Agreement provided by Potato Corner to protect their confidential information.
- Provide your Company Profile to give Potato Corner an overview of your business.
- Provide your Organisational Structure to give Potato Corner an idea of how your company is structured.
Potato Corner Training to Franchises
Franchisees must complete a two-week rigorous training program at one of our corporate store locations in Los Angeles before they can open. At this time, they will master all of the FOH and BOH protocols. Moreover, the brand will train the franchisee and his/her General Manager on-site once the franchisee is ready for his/her Grand Opening.
Potato Corner Operations to Franchises
Potato Corner is a global franchising brand that offers flavored french fries. The company has a streamlined system for franchise operations, providing training, support, and marketing assistance to its franchisees. Prospective franchisees are required to submit a franchise application and undergo a screening process. Once approved, the franchisee will sign a franchise agreement and pay a franchise fee. The company has over 1,000 locations worldwide and continues to expand its franchise operations globally.
How is Potato Corner Territory Granted to Franchises
Franchising at Potato Corner comes with two options
, i.e, phase 1- Entry level and
phase 2 – Master Franchises Agreement.
The applicant must secure a Master Franchise Agreement from the brand to get exclusive territorial rights.
What is the Franchise Term of Agreement and Renewal?
The Potato Corner’s Term of Agreement and Renewal may vary depending on the specific agreement between Potato Corner and the franchisee. However, in general, the initial franchise term is typically around 5 to 7 years. After the initial term, the franchisee may have the option to renew the agreement for another term, usually for another 5 to 7 years.
It’s important to note that the franchise agreement renewal is not automatic and is subject to the terms and conditions of the initial agreement and any subsequent amendments. Therefore, it’s crucial to review the renewal terms carefully and negotiate with the franchisor if necessary to ensure a mutually beneficial agreement.
Does Potato Corner provide Financial Assistance to Franchises?
No, the brand does not provide any financial assistance to the franchises.
Pros & Cons of owning a Potato Corner
Pros of owning a Potato Corner
- Established Brand: Potato Corner is an established international brand with a strong reputation for quality and unique product offerings. As a franchisee, you benefit from the brand recognition and loyal customer base that Potato Corner has built over the years.
- Proven Business Model: Potato Corner has a proven business model that has been successful in various locations around the world. As a franchisee, you benefit from their expertise and experience in running a profitable business.
- Training and Support: Potato Corner provides comprehensive training and support to franchisees, including assistance with site selection, store design, and construction, as well as ongoing training in operations, marketing, and customer service.
- Access to Supply Chain: As a franchisee, you have access to Potato Corner’s established supply chain, which includes quality ingredients and packaging materials, as well as operational and marketing support.
- Low Start-Up Costs: Potato Corner’s franchise fees and start-up costs are relatively low compared to other franchise opportunities, making it an attractive option for entrepreneurs looking to start a business
- Flexibility: As a franchisee, you have the flexibility to operate your Potato Corner outlet as a standalone store, a kiosk, or a food truck, depending on the location and market demand.
Cons of Owning a Potato Corner
- Restrictions on Operations: As a franchisee, you must operate your outlet according to Potato Corner’s established policies, procedures, and brand standards. This can limit your flexibility and creativity in running your business.
- Competitive Market: The food and beverage industry is highly competitive, and Potato Corner faces competition from other similar businesses. This can make it challenging to attract and retain customers and impact your profitability.
- Risk of Failure: As with any business venture, there is always a risk of failure. While Potato Corner’s established brand and proven business model can reduce this risk, it’s still essential to conduct thorough research and due diligence before investing in a franchise.
- Limited Territory: Potato Corner typically grants franchising territories based on specific geographic areas. This can limit your growth potential and may make it challenging to expand your business beyond your designated territory.
- Contractual Obligations: As a franchisee, you are bound by the terms and conditions of the franchise agreement, which may include restrictions on selling your franchise or transferring ownership. This can impact your ability to exit the business if necessary.
What is Potato Corner franchise reviews
Positive Reviews:
“The strong brand recognition that Potato Corner possesses, coupled with the unwavering customer loyalty towards the brand, make it significantly easier for franchisees to not only attract a steady stream of customers but also retain them, thereby contributing to the overall success of the franchise.”
“Potato Corner’s franchise offers a straightforward and simple business model that is designed to be easy for franchisees to learn and operate, with clear guidelines and instructions that ensure a consistent customer experience across all franchise locations.”
“The company offers extensive and thorough training programs to equip franchisees with the necessary knowledge and skills to effectively manage and operate their Potato Corner franchises, while also providing ongoing support and guidance to ensure that franchisees are able to address any challenges or concerns that may arise, thereby ensuring the long-term success and profitability of their respective businesses.”
Negative Reviews
“The high initial franchise fees and ongoing royalty fees that are associated with becoming a Potato Corner franchise complaints, can often prove to be a significant financial obstacle for some potential franchisees, which may deter them from pursuing this opportunity and prevent them from joining the Potato Corner network of franchises.”
“One potential downside to the Potato Corner franchise is the limited room for creativity or innovation within the established business model, as franchisees are often required to adhere to strict regulations and guidelines set forth by the company in order to maintain consistency across all locations and ensure the brand’s overall success. This can be a challenge for entrepreneurs or business owners who are looking to put their own unique spin on the franchise, and may also limit the franchise’s ability to adapt to changing market trends or customer preferences.”
Franchise Deck Analysis and Overview
Potato Corner is an established brand that offers a proven business model with comprehensive training and support to franchisees. It has low franchise fees and start-up costs, flexibility in outlet operation, an established supply chain, and a loyal customer base. However, revenue or profitability of owners cannot be predicted, as Potato Corner does not disclose sales data. Franchisees must operate according to established policies and brand standards, limiting their flexibility and creativity. The food and beverage industry is highly competitive, and there is a risk of failure. Exclusive territorial rights may limit growth potential beyond the designated area. Prospective franchisees should carefully evaluate costs, benefits, and risks before making a decision.
Potential Risks to consider before investing in a Potato Corner
Investing in a Potato Corner involves potential risks to consider, such as restrictions on operations, competitive markets, and the risk of failure. Additionally, franchise territories are limited, and there are contractual obligations that may impact the ability to exit the business. Other risks to consider may include initial and ongoing costs, training requirements, and the franchisor’s financial stability. It’s essential to conduct thorough research, seek professional advice, and carefully review the franchise agreement before investing in a Potato Corner.
Competition Analysis of Potato Corner Franchises
Potato Corner | Cost to Franchise | Franchise Fees | Royalty + Ad fees | Expected Profit | Recoup of Capital | FD Rating |
Potato Corner | $186,500 – $596,000 | $35,000 | 6%+1-2% | – | $391250 | 4.0/5.0 |
Five Guys Franchise | $306,200- $704,700 | $25,000 | 6%+1.5% | $352,000 | $502500 | 3.5/5.0 |
Jollibee Franchise | $450,000- $800,000 | $40,000- $80,000 | 5%+4% | – | $625000 | 4.0/5.0 |
Wingstop Franchise | $346,775 – $733,249 | $30,000 | 6%+4% | $200,000 | $540000 | 3.8/5.0 |
Shake Shack Franchise | $1.5 million – $2.7 million | $45,000 | 9% | – | $2100000 | 3.5/5.0 |
In-N-Out Burger Franchise | $604,260 – $1,962,100 | $40,000 | 6% + 2% | – | $1281000 | 3.0/5.0 |
The Franchise Deck rating for the Potato Corner‘s franchise is 4.0/5.0.
Conclusion: Should You Buy Potato Corner franchise for Sale?
There are benefits and drawbacks to having a Potato Corner franchise. For entrepreneurs wishing to launch a firm, the well-known brand and tested business strategy, together with in-depth training and assistance, make it an appealing choice. Franchisees must, however, run their location in accordance with Potato Corner’s set regulations and brand standards, which may restrict their ability to be flexible and creative. The food and beverage business is also quite competitive, therefore failure is always a possibility. To achieve a win-win arrangement, it is essential to carry out meticulous due diligence and extensive study before investing in a franchise.
Frequently Asked Questions (FAQs)
- Are the Potato Corner franchises profitable?
The franchisee’s profitability depends on factors such as sales volume, operational efficiency, and cost management.
- Can you make money owning a Potato Corner Franchise ?
- The revenue generated by the Potato Corner Franchises owners cannot be ascertained as the company does not disclose any sales data,nor does it predict sales or profitability on any location.
- Is a Potato Corner a franchise?
The multi-unit business model serves as the foundation for the system used by Potato Corner. Anybody who joins Potato Corner as a franchisee should be ready to open several stores. The number of sites necessary shall be at our exclusive discretion.
- How much is a Potato Corner franchise?
The initial investment for a Potato Corner franchise can range from $186,500 to $596,000 and consists of the franchise fee, store design and construction, equipment, and first inventory.
- How do Potato Corner franchises make money?
Franchises of Potato Corner make money by selling flavoured french fries and other food and beverage items. Franchisees obtain goods and supplies from the franchisor at a reduced cost and mark them up to sell to clients.