Wednesday, May 20, 2015
Aquabest to Launch New Store Format in Franchise Asia
Aquabest, the country’s leading water refilling franchise is poised to launch its new condominium store format at the upcoming 2015 Franchise Asia Philippines.
The company is a long-time member of the Philippine Franchise Association and is considered to be among the leading players in the water franchising industry. The company recently developed a new condominium centric store format in response to the changing trends in the market.
The company recently opened two condominium based stores in SMDC developments namely SM Sea Residences and SM Blue Residences. These stores have a combined water station and laundromat setup.
Compared to conventional Aquabest stores the condominium store format has a larger floor area and has an increased emphasis on the laundry business. Prospective franchisees also have reduced delivery expenses since there is a large captive market available in the respective developments that house the stores.
The company has launched the new store format in response to the changing market trends. The strong growth of the Philippine property market has fuelled the growth of high density high rise vertical developments which has transformed the market.