So my interest in the Taco Bell comes from a long obsession with their chicken Quesadillas, but it does not end there! I sincerely love Taco Bell. I love the food, the service and their fantastic value meal menu, the appetizing Meal # 4 (no beans). Actually, I could not wait to get my Taco franchise.
In any case, my friend and I talk for hours about how one day we can go to work for ourselves and have our franchise business. One of the few methods that I feel comfortable with is the idea of having our franchise, but for what, Obviously, I love Taco Bell and their product, regardless of what percentage of meat in their Taco stuffing, but I really want to try and open our food franchise business.
The Taco Bell franchise quickly became an American tradition, offering Mexican food at affordable prices in the masses. Taco Bell is the largest chain of fast food restaurants in the world, with 70% of the market, serving over 35 million Taco Bell fans every week.
This serves over 2 billion consumers each year and around 6000 restaurants in the United States. In 2005, Taco Bell sold 1.8 billion dollars in corporate restaurants, but the 4.4 billion dollars generated in franchised restaurants are more impressive. Over 80% of Taco Bell restaurants are owned and operated by independent franchisees.
Ensures that the affiliates’ employees receive adequate funding before approval. Requirements include a net asset value of $ 1 million of $ 360,000 in cash and cash. After the franchise and start-up costs, the total investment will go from $ 1.2 to $ 1.7 million.
Capital requirements: $ 1,000,000
Cash liquidity requirements: $ 360,000
Total investment: $ 1200,000 – $ 1,700,000
So far we have only discussed the initial investment Taco deductibles, but there are still many other prepaid expenses that the franchisee should consider, including land or leasing costs and employee salaries.
Leasing and rental costs: prices depend on where your restaurant will open.
Staff salaries: the typical Taco Bell restaurant employs about 25 workers to manage the restaurant.
You can estimate by determining the average salary you pay among your employees and multiplying it by the number of weekly hours they can work. This confuses me so let me guide you through the evaluation of wages.
You will have 25 employees as part-time and full-time jobs such as cooks, cashiers, managers and assistants. Imagine that the average salary for all workers is $ 10 per hour. Since you have a part-time and full-time time, we mean that each of your 25 employees will work 25 hours a week. This means you should pay around $ 25,000 in salary each month.
Finally everyone can go to a restaurant and be happy! You may have seen Taco Bell franchise locations linked to other brands. Here are some of the brands available for the franchise:
A & W
Kentucky fried chicken
Long John Silver