The Taco Bell Corp is the absolute most renowned fast service restaurant group that offers delicious Mexican dishes. It is really 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 incredibly beneficial to get 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 entire year 1962 in Bernardino, California. Bell left the Marine Corps at the age of 23 and started with a tiny hot dog stand. Through this stand he started selling taco for just 19 cents which gradually became so popular he opened a Taco Tia stand near 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 entire year 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 all over 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 behind having a Taco franchise may be the rapid growth in its sales figure. The seals reached $ 1.8 billion for the stores solely owned by the company. As well as 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 additionally yummy brands.
Costs And Fees
The full total cost of investment for setting up the franchise will be different from $1,324,300to $2,465,500. About the fees it is $45,000 whilst the ongoing royalty is 5.5%. You will find possibilities that the franchisee can even set up 3 restaurants within 3 years with regards to the amount 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 taco bell franchise 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 amount of employees required with a unit is 25. The recommendation for the web worth and cash liquidity requirement by the Taco Bell Corp is $750,000 and $360,000 respectively. Another criteria in this matter may be 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 are available 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 may also be offered to boost up the franchise sales and profit.