The Taco Bell Corp is the most famous fast service restaurant group that offers delicious Mexican dishes. It is a California based company having Seventy percent 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 extremely beneficial to purchase a taco bell address for people want to make massive revenue from a restaurant business.
History Of Taco Bell Franchise
Taco Bell was founded by Glen Bell during 1962 in Bernardino, California. Bell left the Marine Corps at the 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 very popular that he opened a Taco Tia stand beside 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 various yummy brands including Pizza Hut, A&W Restaurants, KFC and Long John Silver’s. Today the wings of its 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. and this 243 in other foreign countries.
Basis For Choosing Taco Franchise
The vital reason for possessing a Taco franchise is 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 home office also made a sale of $4.4 billion throughout the same year. In 2007 the Taco brands were considered to be the best of all yummy brands.
Costs And Fees
The total expense of investment for establishing the franchise will vary from $1,324,300to $2,465,500. Regarding the fees it is $45,000 while 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 quantity of sales. The franchisor offers financial facility both for the in-house and 3rd 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 assistance from the company.
To run the franchise business successfully the minimum variety of employees essental to a unit is 25. The advice for that value and cash liquidity requirement through the taco bell menu prices is $750,000 and $360,000 respectively. Another criteria in this particular matter will be the efficient marketing skills together 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 in addition within the specific locations. Various ongoing supports focusing on the security aspects, online connections, exclusive openings and evaluation of different field operations are done by the company. Beside this, exclusive qwnlfc on marketing which incorporates the idea of regional and co operative advertising can also be offered to improve the franchise sales and profit.