Mang Inasal

Pre-Mang Inasal At epoch 10, Sia already helps let out in the family business, stacking merchandise, taking inventories or manning the snack bar afterward school. It was with the family business that Sia developed the sixth sense for business. By age 20, he was already running multiple businesses which include a pictorial matter developing store (Injap Color Express), a 58-room three star hotel (Four assuage Hotel), and a laundry shop (Mister Labada). Founding of Mang Inasal The start When a 250-meter one-armed bandit in Robinsons mall in Iloilo, was presented to Sia, he immediately reticent it despite not knowing what to put up yet.With P2. 4 one thousand million of borrowed money, Sia decided on inasal as the most viable dish after analyzing the different culinary specialty of the 16 regions. It was a unique innovation to the saturated chicken business. Hence, in December 12, 2003, he opened the prototypic store of Mang Inasal. Sia positioned Mang Inasal as an alternativ e quick service restaurant that serves charcoal-grilled chicken, absorbed its rice in banana leaf and uses bamboo sticks for its skewers. He in any case offered unmeasured rice, becoming the first quick-service restaurant to do so.At the beginning, Sia had to work long hours and helped in the cleaning of the store. After which, he would prepare and marinate the chicken for the close day. Sia also had no system for running the operation and no commissary to add on the raw materials. not long, Sias Mang Inasal became a critical success in Visayas. Within a year, Sia opened another branch in Roxas City. In the second year of operations, he opened six more and in the third year, another 20. Success and expansion Sia had a lot of enfranchisement inquiries but he held off until 2005.He joined the Philippine Franchise Association. Not long after, he brought the Mang Inasal to Luzon. He also developed several supervise procedures to safeguard quality and cleanliness. He also establish ed a search and development team for product development. He also implemented go online supply ordering system for his branches. To date, there are 306 branches nationwide. Aside from Mang Inasal, Sia also revived the Deco in 2007 after he surgical incisionnered with the owners children.Deco is considered the master batchoy, started by a young butcher name Deco Guillergan Sr. in 1938. Acquisition of Jollibee Sia had plans of going public in 2010 but in October, publicly-listed keep company Jollibee Food Corporation announced it has acquired 70% of Mang Inasal Philippines, Inc. for P3 billion. Of which, Jollibee stipendiary P200 million to the boot firm Injap Investments, Inc. , which still held the remaining 30%. In December, Jollibee paid the 90% balance while the remaining 10% will be paid over three years.Mang Inasals total branch of 303 will work 5% to Jollibees worldwide system sales, five percent to its tax revenue and seven percent to its operating income. Sia and Fe rdinand Sia will sit as part of the Board of Directors of Jollibee. Awards Sia was the Small Business Entrepreneur winner handed out by Ernst and Young in 2010. He also received the urban Leadership Award from the Canadian Urban Institute because of his outstanding contributions to the enhancement of the public realm and the quality of life in the Metro Iloilo-Guimaras area.