If you are craving for cakes, such as the Black Forest, Chocolate Heaven, Chocolate Fudge Cake and other mouthwatering flavored cakes, there is one bakeshop that is popular for those great-tasting cakes – Red Ribbon Bakeshop. Red Ribbon products, which include cakes and pastries, have already been a favorite “pasalubong” of many Filipinos whenever they visit their families and loved ones in the provinces. From its first store in Timog, Quezon City opened in 1979, what started out as hobby-induced business turned out to be a proudly Filipino-owned and professionally-run business network in the Philippines and even in the US. Red Ribbon has grown to over 200 outlets all over the country and over 38 stores in the US with locations in California, Las Vegas, Arizona, New Jersey and New York.
Red Ribbon became part of the Jollibee Foods Corporation family when it was acquired by the corporation in October 2005. The company aims to bring the joy of eating to everyone through its great-tasting food and superior quality products and customer service. Red Ribbon uses premium ingredients, such as real butter, high quality cake flour, and its unique Red Ribbon cream. Their cakes have become a tradition, an integral part of every celebration – birthdays, christenings, anniversaries, and weddings. Owing to its heritage of bringing families and friends together through its delicious, elegantly-designed cakes and other specially prepared products, Red Ribbon captures this core benefit in a campaign that best summarizes what the company has stood for over the years, “Whatever the celebration, it’s more beautiful with a Red Ribbon.” Red Ribbon is open for franchising, and if you want to get a slice of their successful and profitable business, the following important information on how to get a Red Ribbon Franchise in the Philippines shall guide you.
How much capitalization is required to franchise a Red Ribbon Bakeshop?
The capitalization or investment cost needed for a Red Ribbon Bakeshop ranges from P6 million to P10 million with a minimum store size of 80 square meters in floor area. There are also royalty and advertising fees involved.
How long is the life or term of the franchise agreement?
The franchise agreement is valid for ten (10) years.
How much money can the franchisee expect to make?
The amount of money or income that can be derived from a Red Ribbon outlet will depend on a variety of factors such as sales, cost of rental, management controls, labor and operating costs. These factors will vary from location to location. The dedication, quality of time and effort you pour into the business will likewise play an important role. Numerous possibilities on profitability will be discussed with the applicant at a particular stage of the application process.
What are the application requirements?
The applicant will be required to submit the following:
- Letter of intent
- Information on the proposed site (including a location map, site development plan and/or floor plan)
- Comprehensive resume
- Completely filled-up Red Ribbon Application Form with a 2″ x 2″ colored photo (this can be secured from RRBI office)
What type of training is available to a franchisee prior to opening of the bakeshop?
Red Ribbon provides the franchisee and his/her Management Team (Store Manager and two Supervisors) with a two-month training program on top of the two-week training for its store crew members. The training includes classroom instruction combined with in-store hands-on experience to make sure that the management team and crew are ready to manage the bakeshop. Additional training and support are provided on an ongoing basis.
How to contact Red Ribbon for franchising inquiries?
For Franchise Inquiries, please contact:
Red Ribbon Bakeshop, Inc.
Business and Franchise Development
Unit 2907-2910, 29th Floor
Jollibee Plaza, Emerald Ave.
Ortigas Center, Pasig City
Tel. No. (632) 706-5776 loc. 306
Fax. No. (632) 706-5539
Please visit their official website at www.redribbonbakeshop.com.ph for the latest updates and more information.