Start-Up Costs and Fees |
||
| Taco Bell | Izzo's Illegal Burrito | |
| Investment | 152250 - 3049100 | 380500 - 744900 |
| Franchise Fee | 0 | |
| Royalty Fee | 5.50% | 5% |
| Advertising Fee | 4.25% | |
| Year Founded | 1962 | 2001 |
| Year Franchised | 1964 | 2006 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Taco Bell | Izzo's Illegal Burrito | |
| Experience | 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 |
||
| Taco Bell | Izzo's Illegal Burrito | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Taco Bell | Izzo's Illegal Burrito | |
| Training | Available at headquarters, Additional training available | * Available at headquarters: 12 days * At franchisee's location: 7 days |
| Support | Newsletter, Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | |
| Marketing | 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 |
||
| Taco Bell | Izzo's Illegal Burrito | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Taco Bell | |
| Izzo's Illegal Burrito | |
| Franchise Fee | |
| Taco Bell | |
| Izzo's Illegal Burrito | |
| Royalty Fee | |
| Taco Bell | 5.50% |
| Izzo's Illegal Burrito | 5% |
| Advertising Fee | |
| Taco Bell | 4.25% |
| Izzo's Illegal Burrito | |
| Year Founded | |
| Taco Bell | 1962 |
| Izzo's Illegal Burrito | 2001 |
| Year Franchised | |
| Taco Bell | 1964 |
| Izzo's Illegal Burrito | 2006 |
| Term Of Agreement | |
| Taco Bell | 20 years |
| Izzo's Illegal Burrito | 10 years |
| Renewal Fee | |
| Taco Bell | |
| Izzo's Illegal Burrito | $4,000 |
Business Experience Requirements |
|
| Experience | |
| 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 |
| Izzo's Illegal Burrito | |
Financing Options |
|
| Franchise Fees | |
| Taco Bell | No |
| Izzo's Illegal Burrito | No |
| Start-up Costs | |
| Taco Bell | |
| Izzo's Illegal Burrito | |
| Equipment | |
| Taco Bell} | |
| Izzo's Illegal Burrito | |
| Inventory | |
| Taco Bell | |
| Izzo's Illegal Burrito | |
| Receivables | |
| Taco Bell | |
| Izzo's Illegal Burrito | |
| Payroll | |
| Taco Bell | |
| Izzo's Illegal Burrito | |
Training & Support |
|
| Training | |
| Taco Bell | Available at headquarters, Additional training available |
| Izzo's Illegal Burrito | * Available at headquarters: 12 days * At franchisee's location: 7 days |
| Support | |
| Taco Bell | Newsletter, Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Izzo's Illegal Burrito | |
| Marketing | |
| Taco Bell | Co-op advertising, National media, Regional advertising |
| Izzo's Illegal Burrito | |
| Operations | |
| 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) |
| Izzo's Illegal Burrito | |
Expansion Plans |
|
| US Expansion | |
| Taco Bell | |
| Izzo's Illegal Burrito | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | |
| Taco Bell | |
| Izzo's Illegal Burrito | |
| International Expansion | |
| Taco Bell | |
| Izzo's Illegal Burrito | |