PCSO Lotto Franchise Fee, Cost, Information
PCSO lotto franchise is a type of business wherein you are most likely to receive your return on 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 the Metro Manila area.
If you live in the Philippines and are looking for a good franchise company that will indeed have your return on investment, the PCSO lotto franchise should be among the franchise companies you will consider.
Today, in the Philippines, many people are trying their luck to win the jackpot prize in the lottery. PCSO (Philippine Charity Sweepstakes Office) is a government-owned company, so you do not have to worry about the legalities of the business. Since the government is running it, you are sure that everything the business is all about is legal.
Since it is hard to obtain a license, many people are taking this opportunity to scam others. If someone claims they can give you a license, do not believe them immediately. You must demand 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. 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 online Lottery Application form. The application form should consist of 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 proposed lotto outlet location. After which, the applicant should be informed of the technical review and inspection results. If the applicant and the site qualify, the application is still subject to further evaluation because the requirements differ for individuals and corporations. When the application has been approved, and the applicant is given the license, the franchise owner is notified of 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 and installation fees, he can pay a surety bond to the appropriate Philippine government agency.
The franchisee can request training to be conducted on-site regarding the operation of the terminal.
It is vital to ensure you fill out the online application form entirely because incomplete application forms will not be processed. You should also note that all applications are subject to evaluation and inspection before approval.
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