Title | Latesttt Submit Pukul lets study together |
---|---|
Author | Rabbiatul Addawiah |
Course | Introductory Seminar For Busin |
Institution | University of Northern Iowa |
Pages | 12 |
File Size | 489.6 KB |
File Type | |
Total Downloads | 79 |
Total Views | 139 |
happy study you all this is my notes I hope you all can study in this pandemic just old its okay...
FACULTY OF APPLIED AND HUMAN SCIENCES SEMESTER 2 ACADEMIC SESSION 2020/2021
BFT 212 BUSINESS FRANCHISING AND LICENSING
INDIVIDUAL ASSIGNMENT
PREPARED BY: RABBIATUL ADDAWIAH BINTI MOHD JAAFAR (201240419)
PREPARED FOR: MISS EVAWAYNIE VALQUIS BINTI MD ISA DATE OF SUBMISSION: 9 JUN 2021
Introduction
Dunkin' Donuts originated in 1948 with the “Open Kettle” doughnut and coffee business in Quincy, Massachusetts, USA. Founder William Rosenberg charged five cents for a doughnut and ten cents for a premium cup of coffee. In 1950, Rosenberg renamed his restaurant "Dunkin' Donuts." In 1955, Dunkin' Donuts created the first of many franchisees. Since then, the company has expanded to become the world's largest bakery and coffee chain, with over 12,500 locations in 46 countries. In 1987, the first Dunkin' Donuts in Malaysia opened in Bukit Bintang, Kuala Lumpur. Dunkin’ Donuts is a food and beverage industry. Dunkin’ Donuts is an international donut and coffee chain that founded in Quincy, Massachusetts, USA in 1948. Also, in 1987, the first Dunkin' Donuts in Malaysia opened in Bukit Bintang, Kuala Lumpur. There are now more than 80 outlets across Peninsular Malaysia and Sabah. Dunkin’ Donut is now the fastest-growing brand in the world, with over 12,500 outlets in 46 countries include the Austria, Germany, Spain, UK, Russia, Sweden, China and other countries.
Besides, OldTown White Coffee is a distinctively Malaysian brand that was founded in 1999 in Ipoh, Perak. OldTown White Coffee is a food and beverage industry. Old Town White Coffee is Malaysia's largest halal-certified kopitiam restaurant brand OldTown White Coffee presently sells its instant beverage mixes to 18 countries across the world and wants to grow its café outlet network in the country. The SME Brand Excellence Awards presented OldTown White Coffee with the Platinum Award for Outstanding Malaysian Brand.The firm makes instant beverage mixes and goods, as well as running over 200 cafes around Malaysia and the region, including China, Indonesia, Singapore and Australia, with plans to grow into Vietnam, South Korea, and Bangladesh.
Kena tambah lagi intro
2) I'm looking for a chance to start a franchise business in my area. I decide to join a franchise firm and become a franchisee. Because there are so many Malaysian and worldwide franchise firms, I'm at a loss on which one to choose. To aid in my final selection, I decide to identify a Malaysian franchise firm and an international franchise firm with the most potential.
3) The comparison between Dunkin' Donuts and OldTown White Coffee 3.1) Industry or industries with most growth potential.
Malaysian franchise company OldTown White Coffee
International franchise company Dunkin' Donuts
OldTown White Coffee has a high growth potential
Dunkin’ Donuts have a good growth potential by its
because to their brand. A product's brand is regarded
nearly 4,815 franchises and 6,590 outlets around the
vital since the name and design make it easier for the
world, the famous donut and coffee company became a
buyer to identify and recognise. OldTown White
phenomenal pop culture figure.
Coffee’s brand must be strengthened from the ground up if it is to become one of the most popular food
Dunkin' Donuts has been offering high-quality coffee for
restaurants in the market.
almost 55 years. Today, Dunkin' Donuts is America's largest retailer of coffee by the cup, offering
It also has excellent local market knowledge and
approximately Donuts has been supplying for over 50
connections as a result of its past business experience
years. Dunkin’ Donut offers high quality coffee and also
of 22 years. OldTown White Coffee has many
introduced new coffee tastes, deliver fresh food
connections in the food and beverages industry,
instantly in a high-quality manner and offer more
particularly among suppliers and customers who have
choices such as breakfast sandwiches, iced coffee,
visited the restaurants. The 3-in-1 white coffee mix
smoothies, gourmet cookies and Dunkin’ Donut will be
was produced and distributed at over 1,400 outlets
served fresher and faster than ever before.
around Malaysia. The company would eventually grow into Singapore and Hong Kong. Old Town White Coffee
Next, its low cost of goods with high profit, 2.7 million
has already become a household name, with over 240
cups are sold per day, for a total of nearly 1 billion cups
locations countrywide.
each year. On an average day, Dunkin' Donuts sells
around 30 cups of freshly brewed coffee per second, The growth factor of the OldTown White Coffee
that is the reason of Dunkin’ Donuts growth.
company is its products have a special name because to their unique coffee taste
Tak siap lagi
3.2 ) Feasibility of the business type in your specific location or geographical area. Malaysian franchise company OldTown White Coffee
International franchise company Dunkin' Donuts
Customers may choose from a variety of meals
Donuts is the product that Dunkin' Donuts are
and beverages at OldTown White Coffee. This
sell. Dunkin Donuts sells 52 different types of
will boost client happiness since they will have
donuts. A donut is a sort of fried dough meal
more options and cuisine that they enjoy. Old
that is popular in many countries and may be
Town White Coffee is more focused to keep the
served in a variety of ways as a sweet snack
natural flavour of the white coffee, which is
that may be produced at home or purchased
sourced from Ipoh.
from bakeries, supermarkets, food stalls, and franchised specialised restaurants. It is often sweet, deep-fried from flour dough, and
The focus of OldTown White Coffee is on
fashioned into rings or flattened spheres with
service. They provide an extremely relaxing
fillings. Chocolate sprinkle, coconut, munchkins,
environment to attract customers' attention
chocolate frosted, french cruller, apple filled
through shop design, decorating, and the
cinnamon, strawberry sprinkle, boston cream,
provision of comfy facilities such as tables,
chocolate, chocolate marble, original glazed,
chairs, and the internet. This is because of
and lemon sprinkle are among the various
OldTown White Coffee's desire to offer a
doughnut varieties available.
comfortable and welcoming environment for their customers, allowing them to feel at ease while enjoying meals and refreshing drinks in the café. Aside from that, OldTown White Coffee adds to the idea of a calm lifestyle. People can hang out at the café and spend their leisure time there. This is a great spot for customers to unwind and socialise with friends and family.
3.3) Amount of capital needed in becoming a franchisee.
Malaysian franchise company OldTown White Coffee
International franchise company Dunkin' Donuts
The cost of a OldTown White Coffee franchise based on
The cost of a Dunkin' Donuts franchise will vary based
model and the units desired. Firstly, the franchise
on the size of the store, location, and the number of
package total for kiosk is RM78,000 include franchise
units desired. The liquid capital required for opening a
fees for 5 years is RM40,000, training fees RM4,000.
Dunkin' Donuts franchise is RM125,000, the net worth
Secondly, the cost franchise package for kopitiam
required is RM 250,000 and the investment is
OldTown’s model is RM148,000 include franchise fees
RM217,300 – RM1,637,700. Plus, the franchise fee is
for 5 years is RM80,000 and training fees is RM12,000.
RM40,000.
The cost for kopitiam set-up only RM502,000. Next, the cost for franchise OldTown café is RM148,000 same with kopitiam but the cost for set-up such as loose
Dunkin' Donuts can open in non-traditional locations
furniture, KAP professional fees, kitchen equipment and
where customers may have few food and beverage
third party supply is RM652,000.
alternatives. The amount of money required varies according on the size and location of the venue.
OldTown White Coffee provide the option for open
Dunkin' Donuts also provides the option of opening in
franchise whether in kiosk, kopitiam or café. For kiosk,
kiosks and non-traditional venues such as airports,
franchisee can open in offices, petrol station, college,
public transport hubs, stadiums, hospitals, universities,
transport hubs, hospital and CVS-type locations. The
shopping malls, petrol stations, or convenience shops.
ideal size range are between 200 sq ft and 700 sq ft. Next, OldTown White Coffee offer franchisee to open kopitiam model in malls, airports, tourist spot, hospital and food courts. The ideal size range are between 1200 sq ft and 2500 sq ft. Lastly, OldTown White Coffee also offer café model with affordable luxury and beverage driven menu concept.
3.4) Knowledge and management skills needed to start franchises.
The biggest kopitiam restaurant chain and
Dunkin' Donuts has strong brand recognition,
iconic coffee shop in Malaysia is Oldtown White
fantastic franchisee support, and the potential
Coffee, franchisor must have some knowledge
for high profits, but joining the Dunkin' Donuts
and skills to join the franchise such as having
franchise requires a certain personality,
strong leadership, it aided in several milestones
knowledge, and good management skills, such
and would eventually add to franchise success.
as excellent interpersonal skills to provide premium customer service and communicate
Next, analytical thinking, interpersonal skills,
with corporate personnel. Furthermore, the
and an entrepreneurial spirit are required.
ability to make commercial decisions that are
These are the characteristics and behaviours
responsive to market changes.
that are required while talking with people. Interpersonal abilities are among the most sought-after'soft' abilities. On the other hand, a
If ready to open the Dunkin’ Donuts franchise
lack of interpersonal skills may result in
the important knowledge needed is know to
professional conflict with coworkers and
plans and oversees the professional
management in franchise.
development and advancement of the management team and crew personnel.
Besides, outstanding communication, presentation, and negotiating skill also needed
Next, we need to understands and handles
in OldTown White Coffee franchise.
compliance with federal, state, and local labour
Communication skills are important to the
regulations, as well as ensuring that the
success of the OldTown White Coffee franchise.
restaurant follows routine safety, cleanliness, operations, and checklists to ensure customer satisfaction and inspections.
Plus, franchisor must have extensive knowledge driving and executing business transformation.
Plus, the management skills needed are must
Also, OldTown White Coffee requires a business
have fast food industry experience, strong
management skills if want to join franchise.
organisational skills, and a desire to develop
Running a business successfully necessitates a
others, must be able to work in a high volume,
wide range of basic business knowledge and
fast-paced environment, must understand both
competencies in areas such as accounting,
food and labour cost controls, must have
personnel management, multitasking, and
techniques in strategic planning and driving
customer service.
sales, and must have excellent customer service standards.
.
Picture 1: Financial Report for OldTown Berhad in year 2017
es, other handise, OldTown ldTown et profit
Picture 2: Financial Report for Dunkin’ Brands Group, Inc. in year 2019
In 2019, the net income is RM997,066.27. It was excluded by some of the expenses which are occupancy expenses, advertising expenses, general and administrative expenses, depreciation and so on. Dunkin’ Brands Group, Inc. latest financial highlight for 2019 show a 3.55% increase in total revenues. Dunkin’ Brands Group, Inc. total assets increase by 11.82 in year 2019. Dunkin’ Brands Group, Inc. net profit margin……………………………………
3.6 ) Franchisor support provided by the selected franchise companies.
The OldTown White Coffee franchise is supported by
The first support provided by Dunkin’ Donuts is
a dependable business system, which will be made
Dunkin’ Brand Training program, the classroom or
available to all franchise owners. The franchise
instructional components of this training programme
management teams will be sent for training by
require at least 15 days to complete and they also
professionals from the OldTown White Coffee
provided online training. The majority of the training
franchise support team. Not only will managers get
focuses on the service and marketing side of the
in-house training, but they will also be directed
business in order to identify the relevant problem
through operations, including the establishment's
aside from the business processing and operation.
opening and the week before it opens. Through monthly meetings, newsletters, online and phone
Plus, the important is Dunkin' Donuts has extensive
help, and conferences and seminars, the support
Franchisee training programmes and support from an
staff provides continuing assistance.
experienced field team such as extraordinary training programmes, world-class product innovation leading
Next, the support provided by OldTown White
to a diverse and customizable menu, comprehensive
Coffee are location assessment, supply chain, profit
operating systems, design and construction assistance,
and loss account simulation, set up and opening
operations and marketing support, ongoing business
support, recruitment consultation, advertising and
consultation and marketing programmes.
promotions initiatives, supervisors and crew training, on-going consultation and performance monitoring, desing and construction and comprehensive franchise system with on-going upgrades support.
4) CONCLUSION
In my point of view, I would choose Dunkin’ Donuts as franchise business because it is more famous food and beverages industry compare to OldTown White Coffee...