HOW TO BE A
LOVE ELECTRONICS
FRANCHISEE

STEP 1
Send the following to Love Electronics Head Office

a) Letter of Intent
b) Sketch of Target Location (Location Map)
c) Picture of Target Location
d) Franchisee Bio-data with 2x2 ID Picture
e) Photocopy of two (2) valid IDs
f) Photocopy of Proof of Billing Address

STEP 2
Confirmed to Head Office appointment date & time of Initial meeting
Topics to Discuss:

1. Franchise Contract & Deposits
2. Schedule ocular inspection of Target location
3. Feasibility Studies on Target location

STEP 3
1. Signing of Franchise Agreement
2. Payment of the remaining Franchise Fee
3. Franchising Orientation
4. Calendar of Activities
5. Franchisee Orientation
6. Awarding of Franchise Certificate

STEP 4
1. Hiring of Outlet Personnel
2. Training

STEP 5
1. Processing of Business Licenses and Permit
2. Outlet Construction/Renovations
(Target Date of Completion of Construction)
(Target Date of Soft and Grand Opening)

STEP 6
1. Deliveries of Supplies and Inventories
2. Confirmation of Pre-opening activities

STEP 7
1. Installation of signage, banners and streamers
2. Soft Opening
3. Grand Opening

YOU ARE NOW A CERTIFIED KA-PAMILYA!!

“ KA-PARTNER KA NAMIN PROGRAM “

The “Ka-Partner Ka Namin” Franchise Program is a friendly investor scheme that facilitate the entry of would-be entrepreneurs into the service center business. Through this program, a prospective franchisee can hold himself of that opportunity to run his own business with a strong growth and tried and tested business systems for the past 23 years in the audio/video repairs.

Term of the Agreement

 

Responsibilities of Both Parties

 

Initial and Continuing Fee

A) Initial Fee : P 10,000.00 = Site Selection and Feasibility Studies

Franchise Fee: 490,000.00

____________

P 500,000.00

Breakdown:

 

B) Monthly Continuing Fees: Due Date : Every 10 th of the Month

1. Royalty Fee = 8% of Gross Sales OR P 10,000.00 whichever is

Higher. Penalty for Unpaid due : 2% per month

2. Advertising Fee = 10% of Gross Sales

Penalty for Unpaid due: 2% per month

3. Admin Fee = P5,000.00 Fixed to cover routine and other admin

support services like training both in-house

 

Pre-Opening Support (costing P25,000.00)

Note: costing Applicable for NCR Areas only
For Provincial Franchisee, additional expenses will be added of P 30,000.00 to
50,000.00 to cover Allowances, Meal, Gas & Transport Expenses.

 

Continuing Support and Assistance

Note : For Provincial Areas, Franchisee must cover the cost of:

(Total Cost : P 30,000.00 – 50,000.00 )
(Additional Expenses varies on exact location area)

 

Compliance Requirements

         All Systems and Procedures are strictly in accordance with Franchise Agreement Uniformity of Operations, Shop Appearance, and other related Service Operations.

(Pls. see attached Particulars and Due Dates page)

 

Reportorial Requirements

1. Monthly Sales Report : Every 5 th of the Month

2. Monthly Production Reports : Every 30 th of the Month

3. Monthly Pending Report : Every 30 th of the Month

4. Technician’s Efficiency Report : Every 30 th of the Month

 

The Termination Process

1. Upon Franchisee violates any of the provisions in the Agreement

(Pls. Refer to Franchisee Agreement Items 19 & 20)

 

Renewal Process
Franchise Agreement renewable every five (5) years.