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 Franchising, Franchising

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alqa
post Jun 26 2006, 03:04 PM

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From: Selangor



the smartest way to deal with a franchise (for those without a truckload of cash) is to go thru certain specific financial institutions. If you're a bumiputra, go to PUNB (Perbadanan Usahawan Nasional Berhad), if you're not bumiputra go to banks (SME Bank, BCB, RHB, etc).

there are two stages to this application:

Stage 1. The Franchisor
must ensure that the franchisor is registered with Malaysian Franchise Association (MFA) and that the business model is approved by the specific institution that you apply from.

Stage 2. The Franchisee
must ensure that the applicant have at least 10% of the total project cost and.... you must have at least one of the following:
i. Collateral up to 25% of the project cost
ii. Skills and paper qualification for the said field of business/operation
iii. certain number of years worth of experience managing this particular operation/field

other terms and conditions may be imposed and pplied by the franchisor / financier. best is to check MFA website and the banks' / institutions business credit dept.
alqa
post Jun 27 2006, 12:40 PM

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Junior Member
346 posts

Joined: Jan 2003
From: Selangor



Good copy-pasting Mavik..... unfortunately those are for people with an existing and proven business model who want to convert the existing business model into a franchise so others can adopt. in other words, that's the steps to become FRANCHISOR.... not franchisee

alqa
post Jun 28 2006, 03:18 AM

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Junior Member
346 posts

Joined: Jan 2003
From: Selangor



smile.gif+Jun 28 2006, 01:10 AM-->
QUOTE(kyan smile.gif @ Jun 28 2006, 01:10 AM)
digi,maxis, celcom centers...

shell,petronas,esso,carltex petrol kiosk...

mcd,kfc,bk....

kopitiam,steakhse....

alot lahh...

i heard to get franchising license is better to have a bumiputra partner...
*
especially true for fast food since they have to be halal. halal is such a big thingy nowadays.

 

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