Package Inclusions:
1. Use of the Waffle Time Trade Name & Marks
a. The franchisee is given the privilege to sell Waffle Time products using the
Waffle Time trade name and trademark during the duration of the franchise
contract.
2. Business Operations System
a. The franchisee will use the business operations system developed by Waffle
Time, Inc. to run its outlet smoothly and profitably.
b. The business operations systems include:
i. Outlet operation – furniture, equipments & tools, procedures, products,
quality standards, food safety practices, workplace safety and handling
customer complaints
ii. Outlet accounting – daily sales report, inventories, P&L statement format
c. Initial training of franchisee’s prospective personnel and the franchisee is free of
charge; additional training of the franchisee’s personnel is for the franchisee’s
account.
3. Mobilization Set-up
a. Within the six cities where Waffle Time head office is located (Dagupan, Metro
Manila, Iloilo City, Cebu City, Cagayan de Oro City and Davao City), as
franchisor, Waffle Time, Inc. delivers cart, equipment and small wares to the
franchisee’s outlet location free of charge.
b. For franchise outlets located outside the cities where Waffle Time head office,
delivery of cart, equipment and small wares to the franchised outlet is on the
account of the franchisee.
c. Setting up of carts follows the above condition.
4. Cart and Signage
a. A well-designed and attractively made brand new cart is provided to the
franchisee. This includes the familiar Waffle Time signage.
b. All our carts are thoroughly inspected for quality workmanship before shipped
out.
5. Equipment and Small Wares
a. The franchise comes with waffle baker, food warmer and small wares needed for
preparing waffles.
b. Refrigerator used for storage of fillings is for the franchisee’s account.
c. Ice tea dispenser is on loan and will be returned upon expiration of the franchise
agreement.
6. Marketing Support
a. Marketing collaterals, which include two (2) specially designed streamers and
bundles of flyers, are provided for free to the franchisee before opening.
b. These specially designed marketing collaterals bring awareness and help promote
business in new areas.
c. Design consultancy and conceptualization for customized marketing stuff are for
free. However, additional and customized marketing stuff are for franchisee’s
account.
7. Operational and Technical Support
a. In line with our never-ending drive to provide our customers with the highest
possible quality products and services, regular and periodic outlet quality
compliance audits are conducted by well-trained Waffle Time supervisors.
b. Not only the Waffle Time supervisors do quality audits, they also determine the
specific needs of each outlet and address problems that may arise from day-to-day
operations.
c. Waffle Time continuous research and development efforts aims to upgrade and to
improve both the products and waffle business.
Supplies:
o To control the quality of the product, all supplies are purchased from the nearest Waffle
Time commissary.
o These supplies include all raw materials used in product preparation and all packaging
materials.
o Supplies purchased at Waffle Time commissary are for Franchisee’s account and paid
with a 5-day PDC on the same day the order is picked up.
Contract Duration: Three (3) years upon signing of contract
o Franchise agreement between Waffle Time, Inc and its franchisee is valid for a period of
three years upon signing of contract.
o Franchisee may renew the agreement upon mutual agreement with the franchisor on the
same terms and conditions as the first contract.
o Franchisor reserves the right to terminate a franchise agreement before expiration should
the franchisee is found to be in violation of the stipulations of the Franchise Agreement.
Other Franchise Expenditures:
o Cost of site improvements or renovations
o Site security deposits, rentals and other advance payments
o Cost of business/government permits & licenses
o Training allowance or salary of prospective crews
o Utilities – electricity/power, water, etc.

Procedure for application:
1. Submit application to the Franchise Officer or Area Manager.
o Franchise Application Form with 2pcs 2×2 picture
o Sketch map of proposed outlet location
o Letter of Intent
2. One-on-one Interview with Franchise Officer or Area manager.
3. Attend scheduled franchise orientation.
4. Franchise applicant will be given a maximum of ten days to submit the site evaluation
report.
5. On the 10th day, the following documents will be submitted together with the Site
evaluation report:
o NBI clearance
o Police clearance
o Court clearance
o Authority to check bank account
o Processing fee of P5,000.00
6. Review and Signing of Agreement
7. Payment of 50% franchise fee.
8. Training / Orientation on Outlet Operations of both franchisees and their prospective
crews.
9. Full payment of franchise fee, security deposit and initial stocks.
o P5, 000.00 processing fee is deductible from the total franchise package cost; but is
non-refundable in the event that the application is not granted by the company for
whatever reasons.
10. Grand opening of franchise outlet.

Waffle Time Contact Person

Catherine Joy T. Palencia
Franchise Officer
Mobile Phone # 09209622389
Tel. no. 550-6569
Fax no. 552-9208
www.waffletime.com
E-mail catherine@waffletime.com

What is franchising?

Franchising is when you permit other people to start their own businesses while using the name, brand, and logo of the company you own. Basically, they use your good name and the precedents you’ve set to go into business themselves, and in exchange for this they report to you and hand over a share of their profits, along with reporting to your central management. Some successful franchises include Wal-Mart and McDonald’s.

How to franchise your own business!

Franchising is a common practice among modern businesses, and the first step is to find a corporate lawyer or service firm dedicated to franchising. There are numerous services throughout the country eager to help you in this regard, so it’s important to shop around for someone with a good track record. After all, you will need to establish a franchise which not only provides your customers with what they need, but provides potential entrepreneurs with the guidance and rules they need to succeed. There are also many issues to consider when turning a small, local business into a chain, and it’s important to have good legal and financial advice concerning your business and those of potential franchisees.

Is a franchise right for me or my business?

Not all businesses are meant to be franchises. Generally, businesses which offer products and services with wide appeal and require easy access make good franchises. While restaurants are the ultimate example (indeed, most fast food sold in America is sold from franchised businesses) businesses such as book stores, clothing outlets, and pet shops are also often franchises. While franchises do mean extra hassle and effort, they do offer benefits to those industries which are well suited to them. Wal-Mart, the largest franchise (indeed, the largest retailer in the world) raked in over 387.69 Billion in revenue in 2007, and McDonald’s earned over $22.79 billion. While of course it took many years and thousands of franchises to reach such high levels of revenue, the flexibility and transferability of responsibility offered by franchises ensure that they can expand quickly to meet consumer demand. Starbucks, for example, was able to quickly open many stores to meet demand through franchising, something and non-franchised business, dependent on placing and operating stores through a central authority.

Franchises are a great way to make your business grow. Not only do they offer you the opportunity to make more money by serving more customers in more locations, but they ensure that your stores are staffed by hard working, dedicated franchisees who are dedicated to making your business work.

This digital document is an article from California CPA, published by California Society of Certified Public Accountants on December 1, 2005. The length of the article is 907 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.Citation DetailsTitle: Closing the gap: transparency, ease-of-use, tax gap are 2006 priorities.(tax amnesty penalty)(Franchise Tax Board’s plans)Author: Jerry AsciertoPublication: California CPA (Magazine/Journal)Date: December 1, 2005Publisher: California Society of Certified Public AccountantsVolume: 74 Issue: 6 Page: 31(1)Distributed by Thomson Gale

(more…)

This digital document is an article from San Diego Business Journal, published by CBJ, L.P. on March 14, 2005. The length of the article is 1507 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.Citation DetailsTitle: Businesses prepared for year’s most taxing time: from franchises to one-person operations, tax preparers are busier than ever as April 15 nears.(Finance)(Jackson Hewitt Inc. management)Author: Mike AllenPublication: San Diego Business Journal (Magazine/Journal)Date: March 14, 2005Publisher: CBJ, L.P.Volume: 26 Issue: 11 Page: 4(2)Distributed by Thomson Gale

(more…)

This digital document is an article from The Tax Adviser, published by American Institute of CPA’s on July 1, 1992. The length of the article is 773 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.From the supplier: 1991 legislation changes the Texas franchise tax from 0.525% of taxable capital to 0.25% and 4.5% of the income base, with taxpayers effectively paying the higher of the two. Under the new law, federal income taxes that have been deferred will lose specific exclusion, and federal tax accounting techniques may only be used by taxpayers with under $1 million in capital and surplus. The reporting cycles are different for each base, and may cause tax disparities for new corporations.Citation DetailsTitle: Disparities created by changes made to the Texas franchise tax.Author: Sylvia De (more…)

This digital document is an article from Arkansas Business, published by Journal Publishing, Inc. on August 26, 2002. The length of the article is 1484 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.Citation DetailsTitle: Failure to pay corporate franchise tax may result in personal liability. (A Public Service of Davidson Law Firm).(Brief Article)Author: Penny Collins ChoatePublication: Arkansas Business (Magazine/Journal)Date: August 26, 2002Publisher: Journal Publishing, Inc.Volume: 19 Issue: 34 Page: 11(1)Article Type: Brief ArticleDistributed by Thomson Gale

(more…)

This digital document is an article from Leader’s Edge, published by Michigan Association of CPAs on February 1, 2002. The length of the article is 477 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.Citation DetailsTitle: Franchisees no longer required to add back certain franchise payments. (Tax Tidbits).(Brief Article)Author: John R. OrtisiPublication: Leader’s Edge (Magazine/Journal)Date: February 1, 2002Publisher: Michigan Association of CPAsVolume: 5 Issue: 2 Page: 4(1)Article Type: Brief ArticleDistributed by Thomson Gale

(more…)

This digital document is an article from Franchising World, published by International Franchise Association on September 1, 2003. The length of the article is 1109 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.Citation DetailsTitle: Tax policy dominates state legislative sessions; franchise relationship legislation sees activity.(Legal/Legislative)Author: Matt LathropPublication: Franchising World (Magazine/Journal)Date: September 1, 2003Publisher: International Franchise AssociationVolume: 35 Issue: 6 Page: 35(2)Distributed by Thomson Gale

(more…)

This digital document is an article from The Tax Adviser, published by American Institute of CPA’s on July 1, 2004. The length of the article is 1222 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.Citation DetailsTitle: Accrual of California franchise tax liabilities.Author: Dennis TingeyPublication: The Tax Adviser (Magazine/Journal)Date: July 1, 2004Publisher: American Institute of CPA’sVolume: 35 Issue: 7 Page: 420(2)Distributed by Thomson Gale

(more…)

Publisher: New York : The Ronald press company Publication date: 1921 Subjects: Income tax Corporations Taxation Notes: This is an OCR reprint. There may be typos or missing text. There are no illustrations or indexes. When you buy the General Books edition of this book you get free trial access to Million-Books.com where you can select from more than a million books for free. You can also preview the book there.

(more…)