Kuya J launches franchise financing

MANILA, Philippines — Kuya J Group Holdings Inc. is eyeing to further widen its stores network as it launches a franchise financing program, which supports up to 70 percent of the capital requirements to put up a new store.

Under the new franchising scheme, the operator of Kuya J restaurant said it can extend a loan of up to 70 percent of the total cost to put up a new restaurant to interested franchisees.

“The highlight of Kuya J franchise is its in-house financing program which has ability to support up to 70 percent of the franchisee’s capital requirements as well as business development support, service training programs, management systems, and marketing programs,” the company said.

“We open our home to welcome more members, more partners, and entrepreneurs like you into our growing family,” Kuya J president Winglip Chang said.

Investment for one Kuya J restaurant costs around P10 to P15 million. The capital requirement includes a franchise fee of P1.2 million, and service fee of P300,000.

Among the benefits of the program is that it allows franchisees to start early and start the cashflows sooner with no need to apply for bank financing.

The company said it also gives franchisees an opportunity to start with more than one store within a strong trade area.

“Kuya J’s strong brand and focus on Filipino food favorites are at the center of its readiness to franchise,” the company said.

At present, there are 105 Kuya J restaurants across the country.

Chang said the company was able to reach 100 stores in less than three years.

“I’d like to believe that we’ve not only created a restaurant that serves the best-tasting dishes, we’ve also made a home for one big happy family that shares the same values,” Chang said.

Apart from its Kuya J restaurants, the company also owns and operates concept stores Isla Sugbu Seafood City and Tsay Cheng Chinese Cuisine.