Taco Bell Corp Franchise Critique
September 28, 2020 Business
The Taco Bell Corp is probably the most renowned fast service restaurant group that gives delicious Mexican dishes. It is a California based company having 70 % share of restaurant business in the international market. Currently the business 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 incredibly beneficial to purchase a Taco Bell Corp franchise for people want to make huge profits from a restaurant business.
Background Of Taco Bell Franchise
Taco Bell was founded by Glen Bell in the season 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 just 19 cents which gradually became so popular he opened a Taco Tia stand next to the hot dog. After selling the Taco Tia to his partner Glen established the first Taco Bell in Downey which started franchising from the season 1964. Today the Taco Bell franchises for various yummy brands such as Pizza Hut, A&W Restaurants, KFC and Long John Silver’s. Today the wings of its franchise business have spread in throughout U.S., Asia, Middle East and Canada. The recent statistics shows that the business has 4259 franchises in U.S. and that 243 in other foreign countries.
Reason For Choosing Taco Franchise
The vital basis for having a Taco franchise is 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 exactly the same year. In 2007 the Taco brands were regarded as the best of all yummy brands.
Costs And Fees
The total cost of investment for creating the franchise will vary from $1,324,300to $2,465,500. Regarding the fees it is $45,000 while the ongoing royalty is 5.5%. There are possibilities that the franchisee can also put up 3 restaurants within 3 years depending on the level of sales how to franchise a taco bell. The franchisor offers financial facility both for the in-house and third 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 perform 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 is the efficient marketing skills along with experience on the particular industry.
Excellent Training And Support
The company provides extensive training and support programs for smooth running of franchise business. Trainings are available both in the business headquarters and also in the particular locations. Various ongoing supports focusing on 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 will also be offered to improve up the franchise sales and profit.