The Taco Bell Corp is the most well-known fast service restaurant group which offers delightful Mexican dishes. It is a California based company having Seventy percent share of restaurant business in the international market. Typically the company has expended its business in almost hundred countries and many territories and is serving the appetite of around 35 million customers at weekly basis. Hence, it is very good for buy a taco bell headquarters for individuals want to make massive profits from a restaurant business.
History 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. In this particular stand he began selling taco for just 19 cents which gradually became quite popular that he opened a Taco Tia stand near the hot dog. After selling the Taco Tia to his partner Glen established the first Taco Bell in Downey which started franchising through the year 1964. Today the Taco Bell franchises for many different yummy brands including Pizza Hut, A&W Restaurants, KFC and Long John Silver’s. Today the wings of their franchise business have spread in most over U.S., Asia, Middle East and Canada. The recent statistics implies that the company has 4259 franchises in U.S. which 243 in other foreign countries.
Reason Behind Choosing Taco Franchise
The vital reason behind having a Taco franchise will be the rapid increase in its sales figure. The seals reached $ 1.8 billion for that stores solely owned by the company. Furthermore the annual growth rate touched 6% in 2001. The U.S. franchises of taco bell complaints also made a sale of $4.4 billion throughout the same year. In 2007 the Taco brands were considered to be the very best of all yummy brands.
Costs And Fees
The complete expense of investment for establishing the franchise will be different from $1,324,300to $2,465,500. With regards to the fees it is actually $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 depending on the level of sales. The franchisor offers financial facility for both the in-house and alternative party business pattern. The help 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 variety of employees necessary for a unit is 25. The recommendation for your net worth and cash liquidity requirement from the taco bell menu prices 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 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 done by the company. Beside this, exclusive qwnlfc on marketing which incorporates the thought of regional and co operative advertising can also be accessible to improve the franchise sales and profit.