The Taco Bell Corp is the most well-known fast service restaurant group that offers delightful Mexican dishes. It is a California based company having 70 % share of restaurant business within the international market. Typically the company has expended its business in almost hundred countries and lots of territories and is serving the appetite of approximately 35 million customers at weekly basis. Hence, it is rather beneficial to buy a taco bell for individuals want to make massive revenue from a restaurant business.
Background Of Taco Bell Franchise
Taco Bell began by Glen Bell in the year 1962 in Bernardino, California. Bell left the Marine Corps at age of 23 and started with a small hot dog stand. Within this stand he started selling taco for just 19 cents which gradually became very popular that he opened a Taco Tia stand near the hot dog. After selling the Taco Tia to his partner Glen established the initial Taco Bell in Downey which started franchising through the year 1964. Today the Taco Bell franchises for various yummy brands like Pizza Hut, A&W Restaurants, KFC and Long John Silver’s. Today the wings of its franchise business have spread in every over U.S., Asia, Middle East and Canada. The recent statistics shows that the company has 4259 franchises in U.S. and that 243 in other foreign countries.
Reason For Choosing Taco Franchise
The vital reason for possessing a Taco franchise is definitely the rapid increase in its sales figure. The seals reached $ 1.8 billion for that stores solely belonging to the company. In addition to this the annual growth rate touched 6% in 2001. The U.S. franchises of taco bell customer service also created a sale of $4.4 billion through the same year. In 2007 the Taco brands were considered to be the very best of all yummy brands.
Costs And Fees
The entire price of investment for establishing the franchise will be different from $1,324,300to $2,465,500. With regards to the fees it really is $45,000 whilst the ongoing royalty is 5.5%. You will find possibilities that this franchisee can even set up 3 restaurants within three years depending on the amount of sales. The franchisor offers financial facility for both the in-house and third party business pattern. The guidance is provided incase of startup, inventory and equipment cost. For payroll and account receivable the in-house one dose not receive any financial the help of the company.
To operate the franchise business successfully the minimum variety of employees required by a unit is 25. The advice for the net worth and cash liquidity requirement by the taco bell menu is $750,000 and $360,000 respectively. Another criteria in this particular 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 company headquarters and also inside the specific locations. Various ongoing supports focusing on the security aspects, internet connections, exclusive openings and evaluation of numerous field operations are carried out by the company. Beside this, exclusive qwnlfc on marketing which incorporates the idea of regional and co operative advertising can also be accessible to improve the franchise sales and profit.