Mang Inasal : Philippines

Mang Inasal : Philippines

Edgar

Mang Inasal is the name of the restaurant network of grilled chicken, the local fast food chain which the fastest-growing in the Philippines. As the result, Ed Garcia II he founder and owner became a billionaire ranked 50 on Forbes billionaire's since he was a young and up-gradation is the youngest billionaire in history of Tagalog.

Edgar did not finish college, resigned to make a living at the age of 20 years. He start a restaurant business, grilled chicken in a small area, parking area outside Robinson's Iloilo City at the age of 26 years. He made it for 8 years of expansion until surpassed McDonald's restaurant. He sold some shares till he was the billionaire at the age of 35 years. Then he began to move into property development. The aim is king budget hotel and a small shopping center at the age of 40 years. 

Forbes magazine stated that in August 2014, Edgar has net assets 390 million, ranked 31 in the House 50 billionaires Philippines up from No. 39 in 2013.

Edgar is the 2nd generation Chinese family in the Philippines raised in Roxas City Line Capistrano, which is 280 miles to the south of Manila. The family-owned grocery runs. 
On weekends Edgar had a job at the age of 10.

After graduating high school, row houses, and Edgar went to the Department of Architecture at the University of St.Augustine, Iloilo City Born in Western Visayas. But did not finish because the owner wants to leave before the end of his first year in 2540 at the age of 20 years started making Photo automatically near Robinson in Iloilo.

Edgar was done one year to expand a small budget hotel. Four Seasons Hotel Name With a loan from a bank, and a year later opened the restaurant service laundromat.

In 2003, Area sales manager of Robinson offered to lease a 250-square-foot parking area near the Food Court of Robinson abandoned for 3 years on the cheap. Edgar decided to lease and ideas for new business until the perfect roast chicken restaurant native named "Mang Inasal" was a road side restaurant ever eat at home in Roxas City that could not find in Robinson.

After deciding then he contact his father to borrow money making venture. His father gave him 2.4 million pesos but mentioned a long name. But Edgar, who were so high confidence in myself to tell his dad that the biggest banks in the Philippines is named as 10 characters as the same and good progress.

Mang Inasal first launched in December 2003, has grilled chicken Edgar had to develop recipes because he never had for restaurant before.His wife has to make up dip the formula as well. Grand opening of the first store of the crowd. Edgar handled everything, cooking, cleaning, serving till he had ever want to quit but he was confident in its business model and move forward.Only 7 months, he could broke event and away from his father's loan. 

Edgar began to expand by opening a second branch in Roxas City his hometown after that it opened up to a 26 branches. Then he urged Ferdinand, his brother who graduated in Laws to help administration. Edgar turned to focus on the expansion by the year 2005, began selling franchises targets in Manila in 2006.

The domination market in Manila Edgar was aggressive towards the city in an airplane, traveling to 70 cities in a year and eventually be expanded to 68 cities, L'Italia in South method for Sale franchise affordable thinking 19,000. US Dollar/ 1 store. 

Because the fee is flexible and terms are less than half of Jolly Beach. And do not use them to reduce the cost of ownership. Finally, the Mang Inasal food company owned branches only 8%.

In addition,the Mang Inasal food,the wealthy young people of the Philippines has penetrated into many different business areas to fulfill dreams.

Mr. Edgar is now only 37 years old, there are more distant future. This is one of the best young entrepreneur of ASEAN.

Following closely in the Philippine media that he can soar up to the king, shopping centers and cheap hotels or not.

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