The Taco Bell Corp is probably the most renowned fast service restaurant group that provides delicious Mexican dishes. It is a California based company having 70 % share of restaurant business in the international market. Currently the organization has expended its business in almost hundred countries and several territories and is serving the appetite of approximately 35 million customers at weekly basis. Hence, it is extremely beneficial to buy a Taco Bell Corp franchise for individuals want to create huge profits from a cafe business.
Background Of Taco Bell Franchise
Taco Bell was founded by Glen Bell in the year 1962 in Bernardino, California. Bell left the Marine Corps at age 23 and started with a tiny hot dog stand. In this stand he started selling taco for only 19 cents which gradually became so popular that he opened a Taco Tia stand beside the hot dog. After selling the Taco Tia to his partner Glen established the very first Taco Bell in Downey which started franchising from the year 1964 taco bell franchising. Today the Taco Bell franchises for various yummy brands such as for example Pizza Hut, A&W Restaurants, KFC and Long John Silver’s. Today the wings of its franchise business have spread in around U.S., Asia, Middle East and Canada. The recent statistics implies that the organization has 4259 franchises in U.S. and that 243 in other foreign countries.
Reason For Choosing Taco Franchise
The vital reason for having a Taco franchise could be the rapid growth in its sales figure. The seals reached $ 1.8 billion for the stores solely owned by the company. In addition to this the annual growth rate touched 6% in 2001. The U.S. franchises of Taco also made a sale of $4.4 billion during the same year. In 2007 the Taco brands were considered to be the additionally yummy brands.
Costs And Fees
The total cost of investment for establishing the franchise will be different from $1,324,300to $2,465,500. About the fees it’s $45,000 while the ongoing royalty is 5.5%. You can find possibilities that the franchisee can also setup 3 restaurants within 3 years with respect to the level of sales. The franchisor offers financial facility both for the in-house and alternative party business pattern. The assistance is provided incase of startup, inventory and equipment cost. For payroll and account receivable the in-house one dose not receive any financial help from the company.
To operate the franchise business successfully the minimum quantity of employees required with a unit is 25. The recommendation for the net worth and cash liquidity requirement by the Taco Bell Corp is $750,000 and $360,000 respectively. Another criteria in this matter could be the efficient marketing skills alongside experience on the specific industry.
Excellent Training And Support
The company provides extensive training and support programs for smooth running of franchise business. Trainings can be found both in the organization headquarters and also in the precise locations. Various ongoing supports emphasizing the security aspects, online connections, exclusive openings and evaluation of different field operations are carried out by the company. Beside this, exclusive support on marketing which incorporates the idea of regional and co operative advertising are also offered to boost up the franchise sales and profit.