- Est. Since2012
- Team Size150
- Business TypePrivate Limited
About Palm Tree Foods Pte Ltd
Our group of companies in the Philippines and Singapore oversee a portfolio of Food and Beverage and financial services businesses. These include over 40 Subway restaurants, half company owned and half franchised. We operate Right Choice Lending Corporation in the Philippines. Additionally, we have secured the Master Franchise rights for an italian casual dining restaurant that we will bring to the Philippines in early 2017. We started in Singapore in the late ‘90’s and expanded to the Philippines in 2012. We are growing at a pace of 10 to 20 restaurants per year in the Philippines while maintaining our current size of restaurant operations in Singapore. The money lending business is growing rapidly and will become our highest revenue grossing company within the next 12 to 18 months. Our corporate headquarters are in Makati where we plan to stay for the foreseeable future. Group turnover will be about US$15M for the current fiscal year and is growing 30 to 40% annually. We are also on pace to have 100 restaurants in the Philippines within the next 2 years.
The Subway brand is now 52 years old with over 44,000 restaurants globally. It is by far the #1 quick service restaurant chains by number of locations in the world. Growth of the brand in Asia and in the Philippines in particular is very strong and beginning to grow at a more rapid pace with over 2,000 restaurants in Asia today.