The Taco Bell Corp is the most renowned fast service restaurant group which 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 many territories and is serving the appetite of around 35 million customers at weekly basis. Hence, it is very helpful to purchase a taco bell hq for folks intend to make massive profits from a restaurant business.
History 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 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 so popular which he opened a Taco Tia stand next to the hot dog. After selling the Taco Tia to his partner Glen established the very first Taco Bell in Downey which started franchising from your year 1964. Today the Taco Bell franchises for many different yummy brands such as Pizza Hut, A&W Restaurants, KFC and Long John Silver’s. Today the wings of the franchise business have spread in every over U.S., Asia, Middle East and Canada. The recent statistics demonstrates that the company has 4259 franchises in U.S. which 243 in other foreign countries.
Reason For Choosing Taco Franchise
The vital reason behind having a Taco franchise is the rapid growth in its sales figure. The seals reached $ 1.8 billion for the stores solely properties of the company. Additionally the annual growth rate touched 6% in 2001. The U.S. franchises of taco bell headquarters address also produced a sale of $4.4 billion throughout the same year. In 2007 the Taco brands were regarded as the best of all yummy brands.
Costs And Fees
The complete cost of investment for establishing the franchise will be different from $1,324,300to $2,465,500. Regarding the fees it is $45,000 whilst the ongoing royalty is 5.5%. There are 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 3rd 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 assistance from the company.
To run the franchise business successfully the minimum number of employees necessary for a unit is 25. The recommendation for your net worth and cash liquidity requirement through the taco bell is $750,000 and $360,000 respectively. Another criteria in this particular matter is the efficient marketing skills in addition to experience on the particular industry.
Excellent Training And Support
The company provides extensive training and support programs for smooth running of franchise business. Trainings can be found in the company headquarters and also in the specific locations. Various ongoing supports focusing on the security aspects, internet connections, exclusive openings and evaluation of various field operations are done by the company. Beside this, exclusive qwnlfc on marketing which incorporates the concept of regional and co operative advertising are also accessible to boost up the franchise sales and profit.