How much is Lotto Franchise
If you live in the Philippines and want to start a business which is a profitable one, you should consider franchising lotto.
PCSO or also known as the Philippine Charity Sweepstakes Office is the government agency that handles the franchising of lotto.
A large number of the population of the Filipino people is now trying their luck in gambling to win the jackpot prize in the lottery making lotto a top business when it comes to profitability.
When it comes to the legalities and the paper works, you are sure that you are in the right direction because the franchise company that owns the Lotto franchise in the Philippines is being run by the government. You should not also worry about the things involved in the business itself because Philippine Charity Sweepstakes Office gives you the assurance that everything is legal.
Obtaining a license or purchasing a lotto franchise nowadays can be hard. This is due to the reason that lotto franchising is currently closed within metro Manila. But if you plan on opening a lotto franchise outside metro Manila, things can be easier.
But since obtaining a license for Metro Manila residents is hard, a lot of people are using this as an opportunity to scam other people. Usually, these people ask for a fee before they even process your lotto franchise application. To be sure that you are not dealing with this type of people, go directly to the Philippine Charity Sweepstakes Office near you.
PCSO has different franchise fees for different cases. For individuals who want to purchase a lotto franchise, the franchise fee is not less than P20,000 and for non-individuals who wish to be a lotto franchisee, the franchise fee can go up to P100,000.
Anybody who wishes to become a lotto franchisee should fill out an online application form and submit it together with the required documents. Remember to fill-out the application form with the essential details, incomplete application forms will not be processed. Also, take not that all applications are subject for evaluation before approval. A sketch of the map where you will open a lotto franchise should also be included when submitting an application form. Do not also forget to attach a photograph of the actual site. This will help PCSO in determining whether the place is qualified or not. Your proposed lotto outlet site should not be within 100 meters from another lotto outlet except in malls. Also, remember that your proposed location should not be near a school.
Following your submission of the application form, a technical evaluation on the intended site will be conducted by a representative of PCSO. The result of the evaluation is then relayed to the applicant. PCSO will then issue a go signal on when to start building the lotto outlet. PCSO will inform the applicant if certain things are need to be changed concerning the location.
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