Apart from CSC business students, majority of the business entrepreneurs who attended were young, indicating an interest in franchising that was not present in Virac?s business climate five or ten years ago when the entry of franchisees were seen as a threat to the local business community, according to a DTI survey. At present, there are two franchises in Virac ?” 3M Pizza and Pancit Malabon Express ?” although the former seems to have strayed from the path in terms of service and personnel. He emphasized that in the country there are 1,300 franchises to choose from, provided one should make his own careful assessment of the local market to see if it is suited and needed in Virac, Small franchises cost anywhere from P150,000 to P500,000, with the food franchises earning a net of 8 to 10 percent per month which is way much better than parking your unused money in the bank. As the investment climate improves with reliable power, we should expect a few more franchises to take root in the capital town in the next few years, particularly the cart and kiosk types which would be ideal for high pedestrian traffic like the Catanduanes State Colleges campus, the provincial capitol and selected areas in the poblacion. read more

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