Who Is The Owner Of Jollibee Resturant?
Owner Of Jollibee : Guide
Jollibee is a Filipino multinational chain of fast food restaurants. Its owner is Jollibee Foods Corporation (JFC), a publicly listed company headquartered in Pasig City, Philippines. JFC operates and franchises Jollibee brand outlets worldwide, offering a variety of Filipino-inspired dishes alongside international favorites.
1. Tony Tan Caktiong
Tony Tan Caktiong is the founder of Jollibee Foods Corporation (JFC) and is often referred to as the primary owner. He started Jollibee as an ice cream parlor in 1975, which eventually grew into the multinational fast-food chain it is today.
2. Jollibee Family Holdings
Alongside Tony Tan Caktiong, his family members also hold significant ownership stakes in Jollibee. This includes his siblings and other close relatives who have been involved in the company’s growth and management.
3. Jollibee Public Shareholders
Jollibee Foods Corporation is a publicly traded company listed on the Philippine Stock Exchange. As such, a portion of the ownership is held by various institutional investors, individual shareholders, and public stakeholders who have purchased shares of the company on the stock market.
4. Jollibee Franchisees
While not direct owners of the corporation, franchisees play a significant role in Jollibee’s operations. They operate individual Jollibee outlets under franchise agreements, contributing to the company’s revenue and overall success.
5. Jollibee Investment Partners
Jollibee has engaged in strategic partnerships and acquisitions with various companies both locally and internationally. These partnerships may involve shared ownership or investment arrangements, thereby influencing the ownership structure indirectly.
How Much To Franchise Jollibee?
Franchising a Jollibee restaurant entails several key points to consider:
- Initial Franchise Fee: This is the upfront cost to acquire the franchise rights. For Jollibee, this fee can vary based on location and other factors but typically ranges from $450,000 to $800,000.
- Investment Cost: Beyond the initial fee, you’ll need to consider the total investment required to set up the franchise. This includes expenses like leasehold improvements, equipment, furniture, signage, and pre-opening costs. The total investment can range from $1 million to $3 million or more, depending on various factors like location, size of the restaurant, and local regulations.
- Royalty Fees: As a franchisee, you’ll typically pay ongoing royalty fees to the franchisor. For Jollibee, this fee is usually around 5-6% of gross sales.
- Advertising Fees: Franchisees usually contribute to national and local advertising funds. For Jollibee, this can be around 4-5% of gross sales.
- Training and Support: Jollibee provides comprehensive training and ongoing support to franchisees and their staff. This includes management training, operational support, marketing assistance, and periodic evaluations.
- Location: The success of your franchise can heavily depend on the location. Factors to consider include demographics, foot traffic, competition, and proximity to residential or commercial areas.
- Term of Agreement: Franchise agreements typically last for a set term, often around 10-20 years, with opportunities for renewal.
- Financial Requirements: Jollibee typically requires franchisees to have a minimum net worth and liquid assets to ensure financial stability.
- Franchise Application Process: There’s an application process involved, including submission of financial documents, business plans, and undergoing interviews and evaluations by the franchisor.
- Brand Reputation and Success: Jollibee is a well-established brand with a strong following, especially in certain markets like the Philippines. Consider the brand’s reputation and success when evaluating the franchise opportunity.
FAQs
Q1: Who owns Jollibee?: Jollibee Foods Corporation is a publicly listed company, and its ownership is distributed among shareholders. However, the Tony Tan Caktiong family holds a significant stake and is considered the founder of Jollibee.
Q2: Is Jollibee owned by McDonald’s?: No, Jollibee is not owned by McDonald’s. Jollibee is a separate fast-food chain that originated in the Philippines, while McDonald’s is a global fast-food giant based in the United States.
Q3: Who is Tony Tan Caktiong? : Tony Tan Caktiong is the founder of Jollibee. He started the company in 1978 as an ice cream parlor, which later evolved into the fast-food chain known today.
Q4: Are there other major stakeholders in Jollibee? : Yes, besides the Tan Caktiong family, there are other major stakeholders in Jollibee Foods Corporation due to its publicly listed status. These stakeholders include institutional investors, mutual funds, and individual shareholders.
Q5: Is Jollibee a family-owned business? : While Jollibee originated as a family-owned business founded by Tony Tan Caktiong, it has since become a publicly traded corporation with ownership shared among various stakeholders. However, the Tan Caktiong family remains influential in the company’s operations and direction.