Start-Up Costs and Fees |
||
| Burger King | Taco Bell | |
| Investment | 333100 - 3398600 | 152250 - 3049100 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 4.50% | 5.50% |
| Advertising Fee | 4% | 4.25% |
| Year Founded | 1954 | 1962 |
| Year Franchised | 1961 | 1964 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Burger King | Taco Bell | |
| Experience | Industry experience General business experience Marketing skills | Multi-unit Operations Background Restaurant, retail and/or gas convenience experience Geographically Desirable Open to locate in a strategic market and have local market knowledge Experience/skills Run a successfull business, with p/l responsibility, and development experience Team Builder Experience in staffing and retaining employees, demonstrated leadership skills A culture fit with taco bell Commitment to world class operations with strong recognition mindset Financial Strength Minimum of $750,000 liquid assets and $1,500,000 net worth |
Financing Options |
||
| Burger King | Taco Bell | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Burger King | Taco Bell | |
| Training | Before the opening of the Restaurant, franchisees must successfully complete the franchisor's training program. The training program is held in Miami, Florida or other locations specified by the franchisor. In-Restaurant Training will be held in various Restaurant locations that have been authorized as Training Restaurants. The franchisor may require additional training programs for individual Owner/Operators or Managing Directors to implement current operations, standards, and procedures and to facilitate the growth and changes of the franchisee. The franchisor also makes available and sometimes requires periodic workshops and seminars for managers, which include management courses and updating of operational skills. The franchisor will provide Pre-opening and Restaurant opening assistance as it deems appropriate. The franchisor also provides continuing operations training programs, which franchisees (as an Operating Partner, Managing Director, Director of Operations, or Managing Owner, as applicable) may be required to attend. For certain training courses, franchisees must pay a course or materials fee to the franchisor or third parties. The franchisor may make changes and revisions to the training program, locations or materials at any time. | Available at headquarters, Additional training available |
| Support | Meetings, Toll-free phone line, Grand opening, Security/safety procedures, Field operations/evaluations | Newsletter, Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | Co-op advertising, National media, Regional advertising | Co-op advertising, National media, Regional advertising |
| Operations | Franchisees required to buy multiple units/master licenses Number of employees needed to run franchised unit: 25 Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Burger King | Taco Bell | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion | Africa, Asia, Canada, Eastern Europe, Middle East, Western Europe, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Burger King | |
| Taco Bell | |
| Franchise Fee | |
| Burger King | |
| Taco Bell | |
| Royalty Fee | |
| Burger King | 4.50% |
| Taco Bell | 5.50% |
| Advertising Fee | |
| Burger King | 4% |
| Taco Bell | 4.25% |
| Year Founded | |
| Burger King | 1954 |
| Taco Bell | 1962 |
| Year Franchised | |
| Burger King | 1961 |
| Taco Bell | 1964 |
| Term Of Agreement | |
| Burger King | 20 years |
| Taco Bell | 20 years |
| Renewal Fee | |
| Burger King | $50K |
| Taco Bell | |
Business Experience Requirements |
|
| Experience | |
| Burger King | Industry experience General business experience Marketing skills |
| Taco Bell | Multi-unit Operations Background Restaurant, retail and/or gas convenience experience Geographically Desirable Open to locate in a strategic market and have local market knowledge Experience/skills Run a successfull business, with p/l responsibility, and development experience Team Builder Experience in staffing and retaining employees, demonstrated leadership skills A culture fit with taco bell Commitment to world class operations with strong recognition mindset Financial Strength Minimum of $750,000 liquid assets and $1,500,000 net worth |
Financing Options |
|
| Franchise Fees | |
| Burger King | No |
| Taco Bell | No |
| Start-up Costs | |
| Burger King | |
| Taco Bell | |
| Equipment | |
| Burger King} | |
| Taco Bell | |
| Inventory | |
| Burger King | |
| Taco Bell | |
| Receivables | |
| Burger King | |
| Taco Bell | |
| Payroll | |
| Burger King | |
| Taco Bell | |
Training & Support |
|
| Training | |
| Burger King | Before the opening of the Restaurant, franchisees must successfully complete the franchisor's training program. The training program is held in Miami, Florida or other locations specified by the franchisor. In-Restaurant Training will be held in various Restaurant locations that have been authorized as Training Restaurants. The franchisor may require additional training programs for individual Owner/Operators or Managing Directors to implement current operations, standards, and procedures and to facilitate the growth and changes of the franchisee. The franchisor also makes available and sometimes requires periodic workshops and seminars for managers, which include management courses and updating of operational skills. The franchisor will provide Pre-opening and Restaurant opening assistance as it deems appropriate. The franchisor also provides continuing operations training programs, which franchisees (as an Operating Partner, Managing Director, Director of Operations, or Managing Owner, as applicable) may be required to attend. For certain training courses, franchisees must pay a course or materials fee to the franchisor or third parties. The franchisor may make changes and revisions to the training program, locations or materials at any time. |
| Taco Bell | Available at headquarters, Additional training available |
| Support | |
| Burger King | Meetings, Toll-free phone line, Grand opening, Security/safety procedures, Field operations/evaluations |
| Taco Bell | Newsletter, Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | |
| Burger King | Co-op advertising, National media, Regional advertising |
| Taco Bell | Co-op advertising, National media, Regional advertising |
| Operations | |
| Burger King | |
| Taco Bell | Franchisees required to buy multiple units/master licenses Number of employees needed to run franchised unit: 25 Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Burger King | |
| Taco Bell | |
| Canada Expansion | |
| Burger King | |
| Taco Bell | |
| International Expansion | |
| Burger King | Africa, Asia, Canada, Eastern Europe, Middle East, Western Europe, |
| Taco Bell | |