Lugaw Business Equipments, Business Plan, And Cheapest Franchises
The idea of tubong lugaw - a profitable business without pouring in too much capital, sounds appealing enough but before you commit anything, you have to think about lugaw business equipments, marketing plan, store design, recipe, and many others.
If they sound overwhelming to you, fret not, here Corner4men will provide you with a step-by-step plan to set up your own business:
What To Do To Open A Lugaw Business
Do Thorough Research
Before you purchase lugaw business equipments or anything like that, the first step is to do some research. Observing how similar businesses operate or ask owners of lugawan stores about their work are good ideas to start with.
There are seminars you can attend or how-to articles you can read to arm yourself with the necessary information. If your budget is tight, investing in a customized vending machine is a another viable option for a business.
Estimate The Capital
The amount of money you need for your lugawan business depends heavily on teh location you choose to set up the store. Many go for a mobile food cart or rent a location with a large number of people passing by each day. If you pick teh former option, the initial investment is about PHP 15,000 for a wooden cart, lugaw business equipments as well as ingredients.
Pick A Location
If you go for a food cart, you might want to park it at a location with a high foot traffic, like offices, schools, or markets.
Handle Legal Matters
Legal matters relating to the new business are vital and should be handled as soon as you can, before you open the business. You need business, sanitation, as well as health permits.
Decide On The Menu And Price
Lugaw is, of course, the star of the show but you might want to set yourself apart with other options as well. Customers like a wide range of toppings and you can think of other dishes. The price is the next thing to consider. Too low and you can’t benefit from the business but too high a price will scare off diners.
What is perhaps, as important as lugaw business equipments and the cheapest price possible, is customer service. Think about the attitude when you greet your diners and hygiene to keep them coming back.
Lugaw Business Equipments
Here is a list of equipment and utensils you need for your lugawan business. They should be listed in your lugaw business plan as well:
- Gas stove and gas tank for cooking.
- Heat maintenance stall
- Serving bowls
- Bags for takeaway.
Cheapest Lugaw Franchise
Lugaw Queen brand is owned by Sherwin Aquino and Beverly Aquino. They started the business in 2007 in San Pablo, Laguna.
With just PHP 1,100. the couple opened a small counter serving plain lugaw with a price of only PHP 10 for a serving. The investment was just enough for them to buy a kilo of rice, a dozen eggs, as well as some chairs for their tiny store, which cost them PHP 200 to rent for a day. They had so little capital to start with that their lugaw business equipments had to be paid in installments.
The price was low to suit their target customers’ budget, PHP 10 for a serving of plain lugaw. Adding toppings and the price increases to PHP 45. As the business grows, the couple adds rice meals to the menu but keep the price low at just PHP 49 to PHP 59.
The business proves it feasibility as on good days, it can yields as much as PHP 50,000 in sales selling more than 2,500 bowls.
The couple then updated the store design, branding, and everything else to grow more franchises too attract entrepreneurs with limited capitals.
You will have to pay a franchise fee of PHP 150,000 and an investment of up to PHP 1.5 million if you are interested in opening a Lugaw Queen franchise.
If you want the best value for money lugaw, you can’t go wrong with Lugaw Pilipinas. In 2016, tired of working overseas, Mary Jane Resurreccion used her mother’s lugaw recipe to open a food stall in her own neighborhood. The business picked up and she decided to set up more franchises with her family members.
In just two years, she opened five branches, offering meals for all ages and people from all walks of life. The tasty lugaw and toppings keep diners coming back for more. With a price of just PHP 10, the business promises to satisfy your taste buds and your stomach.
If you are interested in joining the Lugaw Pilipinas family, prepare to pay a franchise fee of PHP 200,000 and invest in up to PHP 1 million for lugaw business equipments and everything else.