I.

Background and History of the Company

Trade Name
Peanut World (Sole Proprietorship)
Year Started
October 2014
Nature/Line of Business
Selling Peanuts
Vision
We want people to think PEANUT WORLD when they think of peanuts.
We want to penetrate the global market in the future.
Mission
To be a partner to serious and dedicated franchisees.
To spread PEANUT WORLD fast throughout the Philippines.

II.

Accounting Considerations
Application Requirements
Personal Bio-data
Status of Bank Deposits
Assets
TIN
Income Tax
Amount of Initial Franchise Fee
P 350, 000.00
Mode of Payment and Accepted Form of Payment
Cash given personally to the Franchisor
Inclusions in the Initial Franchise Fee Payment

Cart
Equipment
Cashiering Supplies
Cleaning Supplies

Allowance of Trainees during Initial Training

Employees Uniform
Initial Inventory
Initial Operating Capital

Amount of Continuing Franchise Fee

50% of Gross Income
Other Fee
No Service Fee
No Marketing Fee
No Royalty Fee