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HOW TO FRANCHISE: Tapa KING


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In 1987, the first Tapa King was born along Gallardo Street in Makati. The idea was to give customers a rice meal alternative to hamburgers, hotdogs and pizza – the real Pinoy comfort food that is filling and reminds you of your favorite home-cooked meals.

From the humble aim of providing a home-style food option in the clutter of fast food restaurants, Tapa King is now one of the top Pinoy favorites. With quality products and excellent service, the brand expands its reach as it continues to open branches not just locally, but all over the world.

                   Image result for TAPA KING

To date, the brand has opened 100 stores and is looking forward to the next 100 more.

 Franchise Fee

Tapa King currently offers four franchise options with varying franchise fee and requirements depending on the scale of the business.

Option 1: Full scale
  • Initial franchise fee: P800,000
  • Security deposit: P400,000
  • Royalty fee: 6%
  • Franchise term: 7 years
  • Minimum floor area: 100 sqm
  • Expected capital expenditure: P4 million to P6 million
Option 2: Food court
  • Initial franchise fee: P500,000
  • Security deposit: P300,000
  • Royalty fee: 4%
  • Franchise term: 5 years
  • Minimum floor area: 20 sqm
  • Expected capital expenditure: P2 million to P3 million
Option 3: Budget Tapa King (BTK) Diner
  • Initial franchise fee: P550,000
  • Franchise terms: 5 years
  • Minimum floor area: 15 sqm
  • Capital expenditure: Variable
Option 4: Budget Tapa King (BTK) Kiosk
  • Initial franchise fee: P550,000
  • Franchise terms: 5 years
  • Minimum floor area: 15 sqm
  • Capital expenditure: Variable

If you’re franchising BTK diners or kiosks, the security deposit and royalty fees are waived. According to Tapa King’s estimate, the payback period of a Tapa King franchise is between 18 months to 3 years.

Benefits of Franchising Tapa King

  • There is high success rate due to its business model rather than starting from scratch.
  • Tapa King is a recognized brand or trademark that can guarantee you with success.
  • Financing that may come from various sectors may be availed easily when putting up a good reputation franchise like Tapa King.
  • A franchisee may also secure huge profit when success formulas are met such as low-cost supplies, proper placement, and good marketing techniques.

What to consider when franchising Tapa King

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 Tapa King 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 Tapa King.
4. Check if Tapa King 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 Tapa King franchise. Study the environment and see if your business suits the surroundings.


For franchising inquiries, interested parties may contact Tapa King through the contact information provided below.

TAPA KING - CORPORATE OFFICE
Address: 13 Ano 96 Street Barangay Hagdang Bato Libis 1552 Mandaluyong Metro Manila
City of Mandaluyong, Metro Manila
Phone number: +63(2)5348276 



CREDIT TO: https://www.pinoy-entrepreneur.com

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