F&B Franchising
- By: Christie
The F&B industry is one of the most dynamic yet competitive industries in Singapore. Many times, we hear friends or families eagerly sharing with us their dreams about setting up a cafe or restaurant. And that is perhaps why we see new food establishments springing up every day and F&B franchises being sought after day after day.
Earlier this month, we attended the Food and Licensing Asia 2011 at Marina Bay Sands. It is great to see some of our fairly young (by that, I mean 5 years or less) F&B customers introducing their F&B concepts to enthusiastic international visitors!
Are you an aspiring F&B owner? Check out these promising F&B brands:
With so many F&B franchise opportunities to choose from, it is essential to gather these key pieces of information from the franchisors:
- Franchise Fees
- Royalties and ongoing A&P Fees
- Legal Fees
- Leasing Fees and Security Deposit
- Initial Investment (including opening inventory, food equipment, furniture and fittings etc)
- Working Capital Requirement
- Projected P&Ls
- ROI and Profitability