Bayad Centers

   

Bayad Center will be recognized big player in the global outsourced payment collection industry.

In the Philippines, known as the country's best one-stop payment center. As a pioneer and leader in the industry, that are strategically located in high-traffic areas.

Given the increasing density of local population, now they are aggressively looking for more business partners to be franchisees, also known as BAYAD CENTERpreneurs.

Bayad Center is recognized as the country’s best one-stop payment center. Currently, Bayad Center has over 900 outlets nationwide. Bayad Center started as the over-the-counter (OTC) bills payment collection arm of the Manila Electric Co. (Meralco) 12 years ago, and has since become the market leader in third-party bills payment collection, with clients that include PLDT, Globe Telecoms, Smart, Digitel, SSS, Manulife, Sunlife, Bayan Communications, Sky Cable, RCBC Bankard, UNICEF, SuperFerry and Cebu Pacific.

Why Consider Bayad Center as a Business Venture? We'll give you four reasons:

 Most Recognized Brand in the Business

Bayad Center is the leader and pioneer in the country's Outsourced Payment Collection Industry. No competitor has matched the network of collection centers and range of corporate (biller) partners that the Bayad Center has built over the years. 

Trusted by the Country's Best and Biggest Organizations

Bayad Center is entrusted with the payment collection process of the country's best organizations across various industries.   Among our list of stellar partners include MERALCO, Social Security System, Maynilad, Manila Water, PLDT, Bayan Communications, Smart Communications, Globe Telecoms , Digitel, Sky Cable, Philamlife, Manulife, and a host of others.

                                                       Award-Winning

We are the country's Best One-Stop Payment Shop (National Award)
National Product Quality Excellence Award We are the the Number One Bills payment Center (Metro Manila Award)
National Shoppers' Choice Annual Awards
We are the Number One Bills Payment Center (Metro Manila Award)
National Shoppers' Choice Annual Awards

 
Member of the Lopez Conglomerate

As a MERALCO subsidiary, Bayad Center is part of one of the country's most powerful business empires. Business Partners can be assured of Bayad Center's foresight in navigating the future of the business through the rough seas of this fierce business world. 

 How to Franchise a Bayad Center? 

Criteria for a Franchisee

1.      Integrity / Sound Character
2.      Absence of Criminal / Derogatory Record
3.      Sound Medical and Psychological Condition
4.      Financial Capability / Business Sense

5.      Available time to manage the franchised branch

6.      Existence of network in the local market for possible customers of Bayad Center.

7.      Capability to identify at least 10,000 households in the immediate vicinity of the proposed site.

Criteria for a Location

1.      High Foot and Vehicular Traffic
2.      Proximity to Partner Bank/s
3.      Visible to Customers
4.      In a Commercial Area (preferably)

5.      Presence of at Least 10,000 Households
6.      Not within proximity to an existing Bayad Center Franchised Site

7.      Not Beside the following Establishments (if proposed site is in a Meralco service area):

                 •     Lotto Outlet
                 •     Pawnshop
                 •     Betting Station
                 •     Adult Entertainment

 Franchise Investment

1.     Franchise Fee – P 250,000+ 12% VAT
2.     Equipment (computers, printers, barcode scanners, fax machine, vault, money verifier) – estimated at P120,000
3.     Leasehold Improvements or compliance to the standard Bayad Center look
4.     Minimal Furniture and Fixtures 

NOTE: Full Branch Model should have a floor area of at least 15 square meters.

•     Investment does not include the following:

1.     Initial Office Supplies
2.     Utilities Deposit
3.     Advance Rental
4.     Rental Deposit
5.     Security Deposit to Lessor (Mall)
6.     Initial Operating Capital
7.     PhP600,000 Cash Bond 
8.     Insurances

Franchise Benefits

Benefits as a Bayad Center Franchisee

1. Brand Leverage
2. Operational & Field Support
3. Training Support
4. Technical Support
5. Marketing Support

 Application Procedure

1. Applicant submits Letter of Intent to CIS Bayad Center, Inc. (CBCI) with attached Location Map of proposed site.

          (NOTE: Letter should be addressed to Aida C. Yuvienco, VP and Head - Sales, Marketing, and Business Development. Please include in the letter complete address of the proposed site as well as contact info - landline number/s, fax number & cellphone number – of applicant.)

1. CBCI screens proposed site.
2. CBCI conducts Franchise Orientation.
3. Applicant submits Market Study and Application Form and pays P15,000 processing fee.
4. CBCI verifies Market Study data.
5. CBCI conducts character/background and financial check/evaluation on the applicant.
6. CBCI conducts Panel Interview.
7. Applicant undergoes Medical Exams.
8. Applicant signs Memorandum of Agreement and reviews Franchise Agreement.
9. Applicant signs the Franchise Agreement and pays the Franchise Fee balance.

CIS BAYAD CENTER, INC.
Business Solutions Center, Meralco Complex
Ortigas Ave., Pasig City

Telephone Numbers: 914-2160 (telefax);
(632) 1622-5567 (Ms. Phoebe Vargas) & (632) 1622-5520 (Ms. Bung Roa)
Email addresses: inquiry@cis.com.ph; povargas@cis.com.ph

 Note: the author is not, in any way, related or affiliated to the business franchise listed in this post. The sole purpose of the author is to share information about franchising & business opportunities in the Philippines.

IT INSPIRED ME TO FRANCHISE :D