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 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 very beneficial to get a Taco Bell Corp franchise for folks 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 small hot dog stand. Through this stand he started selling taco for only 19 cents which gradually became so popular that 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 year 1964. 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 all over U.S., Asia, Middle East and Canada. The recent statistics implies 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 taco bell franchising. Along with this the annual growth rate touched 6% in 2001. The U.S. franchises of Taco also made a purchase of $4.4 billion during 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 can vary from $1,324,300to $2,465,500. Concerning the fees it’s $45,000 whilst the ongoing royalty is 5.5%. You can find possibilities that the franchisee may also setup 3 restaurants within 3 years depending on the quantity 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 perform the franchise business successfully the minimum amount of employees required with a unit is 25. The recommendation for the internet 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 this 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 business headquarters and also in the particular locations. Various ongoing supports concentrating 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 thought of regional and co operative advertising may also be offered to enhance up the franchise sales and profit.