The location, size, and materials used are just a few of the variables that can significantly affect the price of establishing an espresso stand. The typical cost to create an espresso stand in the Philippines is between Php 200,000 and Php 500,000, according to industry experts. This estimate takes into account the price of the necessary tools, licenses, permissions, and other startup costs.
In terms of franchise options, Potato Corner is the least expensive franchise in the Philippines. This well-known franchise has a modest launch cost of between Php 200,000 and Php 400,000 and offers a selection of flavored French fries. Master Siomai, which specializes in siomai and other dim sum specialties, is another economical franchise option. This franchise similarly has an initial investment of between Php 200,000 and Php 400,000.
Cafe Tribu and Figaro Coffee are two reasonably priced chains if you’re primarily interested in coffee. Cafe Tribu has a startup cost of between Php 300,000 and Php 500,000 and offers a variety of coffee types. On the other side, a more well-known franchise with a bigger selection of food and drinks is Figaro Coffee. This franchise has an initial investment of between 1 million and 2 million Philippine Pesos.
In conclusion, opening an espresso shop in the Philippines might be a successful business enterprise. Although building one can cost anywhere between Php 200,000 and Php 500,000, there are a number of franchise opportunities that are reasonably priced. For individuals wishing to launch their business with a low initial cost, Potato Corner, Master Siomai, Cafe Tribu, and Figaro Coffee are all fantastic choices. You may make your desire to own a business a reality with proper planning and research.