NITRO Motorcycle Parts & Accessories was established in 2005 when brothers, Michael & Charles Licup, got the idea of starting a motorcycle shop because they see that the number of motorcycle users is growing at a fast rate. In addition, his family has been in the retail business(hardware store) since 1906 so the retail business is nothing new thing to them. After a few months since Nitro has opened shop, it has been the number 1 motorcycle shop in Candelaria, Quezon because of its low priced inventory and complete range of motorcycle parts & accessories.
Michael Licup has a degree in Hotel Restaurant Management from La Salle-College of St. Benilde. He was a consistent dean’s lister.
In 2008, Charles Licup saw a business opportunity to make a franchise system for Nitro. He has a degree in Marketing Management from De La Salle University. He also has attended the John Maxwell Leadership Summit in Manila and has taken post-graduate courses in Retail Management from the Ateneo Business Graduate School. Currently, he is the manager of the Licup Builders Home Center.
As of September 2011, NITRO has 1 company-owned branches and 3 franchised branches and more are soon to open.
To be the number 1 motorcycle franchising company in Luzon.
How to Franchise NITRO:
Franchise Fee : Php99,000.00
NITRO franchise fee includes:
Training of franchisee/staff/mechanic
Use of business name
Continuing support (Marketing, Operations, Finance)
Assistance in construction
Copy of the Nitro operations Manual
Pre-opening to grand opening assistance
Tarpaulins and other advertising materials
Site selection assistance
Franchise Term : 5 years Required Space : 15 to 30 square meters
Contact Details of NITRO:
NITRO MOTORCYCLE PARTS & ACCESSORIES
Ground Floor Central Building
Salazar St. Brgy Poblacion,
Candelaria, Quezon, Philippines
Contact Person: Jo-Ann Mendoza
Phone: (+63-2) 925-3998
Fax: (+6342) 585-5528
Things to consider before Franchising
Make sure that you really want to start the business before proceeding to own this franchise – Passion and desire to venture into this kind of business.
Carefully study the franchise agreement, Clause of the contract and terms, condition of the said franchise.
Check the background of the company if they are following rules and regulations, as well as existing laws on the chosen location.
Be certain that you can work harmoniously with the company and it is within your interest. A visit to one of the franchise stores/outlets will help you be more aware of operation and proceedings.
Location is the secret of any business so make sure you have thoroughly surveyed the location for possible strategies and marketing promotions.