PCSO Lotto Franchise Fee, Cost, Information
PCSO lotto franchise is a type of business wherein you are most likely to receive your return of investment in a not very long time.
But obtaining a license to operate is not that easy especially nowadays that PCSO lotto franchising is closed within Metro Manila area.
If you live in the Philippines and looking for a good franchise company that you will surely have your return of investment, PCSO lotto franchise should be among the franchise companies that you will consider.
Today, in the Philippines, a lot of people are trying their luck in winning the jackpot price in the lottery. PCSO (Philippine Charity Sweepstakes Office) is a government-owned company, which is why you do not have to worry about the legalities of the business. Since it is being run by the government, you are sure that everything the business is all about is legal.
Since it is hard to obtain a license, a number of people are taking this opportunity to scam other people. If someone claims that they can give you a license, do not believe them right away. You must demand for proofs that will ensure their legality. Better yet, you can go directly to the Philippine Charity Sweepstakes Office and inquire whether you can obtain a business license or not. This is the safest way not to get scammed by other people.
Philippine Charity Sweepstakes Office also has an online application system wherein you can apply as an Online Philippine Lottery Agent. The online process includes filling-out an on-line Lottery Application form. The application form should include an attachment of the sketch of the map and a photograph of the actual building of the proposed lotto outlet site.
After submitting the application form, an agent from PCSO will conduct a technical evaluation and inspection of the propose lotto outlet location. After which, the applicant should be informed of the results of the technical evaluation and inspection. If the applicant and the site qualify, the application is still subject for further evaluation because the requirements are different for individuals and corporation. When the application has been approved, and the applicant is given the license, the owner of the franchise is then notified on when he should construct his lotto outlet.
The franchise fee for a PCSO lotto outlet varies in different cases. The franchise fee ranges from as low as P20,000 to as high as P100,000. After the owner has paid the processing fee and the installation fee, he is now ready to pay a surety bond to the appropriate Philippine government agency.
The franchisee can request for a training to be conducted on-site regarding the operation of the terminal.
It is important to make sure that you fill-out the on-line application form completely because incomplete application forms will not be processed. You should also take note that all of the applications are subject for evaluation and inspection before approval.
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