With the advent of technology and its benefit of convenience, people today are always seeking to achieve the most convenient route on everything, and this include on shopping. One of the reason why malls are such a big hit is because of them being a one-stop-shop for all kinds of stores, and the same story applies to Watsons, one of the leading retail company in the Philippines.
Housing a plethora of brands and products such as medicine, makeup and other needs and wants anyone have, makes it natural for people of all ages to flock Watsons in a daily basis.
With such a reputable name and patrons some entrepreneurs and business minded person out there might have started to think “Can I also partake on their business as a franchisee?” Well if you’re one of those people who wants to find out, then read further to know if Watsons is open for Franchise, and if yes, how much is it?
Watsons was first established its store in 1841 in Hong Kong, today the A.S Watson Group is the world largest international health and beauty retailer with over 15,000 stores in 24 markets.
Among its 24 markets, Asia is the area where Watsons is hailed as the leading health and beauty retailer, who continually setting the standards for the health, wellness and beauty market.
One of the country Watsons set their stores in was the Philippines. In 2002 A.S Watson Group partnered with SM Prime Holdings Inc. which was the first stepping stone on Watsons first store in the Philippines, which was at SM Megamall and The Podium (Ortigas).
Since then, after almost two decades Watsons had rapidly grown from two branches to 623 stores nationwide (As of December 2017).
Products Available in Watsons
- Hair and Body Products
- Personal Care Product and Tools
- Skin Care
- Health Care
- And more
Is Watsons Available for Franchise?
Is Watsons Franchise Possible?
While Watsons continually grow and spread their branches across the Philippines and the globe, the brand still does not have any current plans on opening its doors for franchising. In an interview with Philstar one of the people behind Watsons mentioned that this plan of not providing franchising oppurtunities is the company’s desire to have control and focus on the operation of each branch, as they believe that their business is customer service oriented and the brand, and providing a franchise would defeat this purpose.
The Pros and Cons of Businesses Like Watsons
While Watsons is not available for franchise, looking to their business and understanding what makes them such a succeful brand can also helps aspiring and current franchisees on their journey towards the success of their own businesses.
The most evident factor that made Watsons such a success is being a one-stop-shop for almost ever needs and necessities of people, Watsons also partners with a lot of brands to become a product distributor of some hard to come by international and local products.
It is through listening to what is the currently hot in the market, stocking them up, and providing the convenience of ease of access to those hard to come by brands was one of the reason Watsons was able to become a retail phenomenon in the Philippines.