Start-Up Costs and Fees |
||
| Taco Bell | Petro's Chili & Chips | |
| Investment | 152250 - 3049100 | 75000 - 324950 |
| Franchise Fee | 0 | |
| Royalty Fee | 5.50% | 5% |
| Advertising Fee | 4.25% | 4% local+1% Nat'l |
| Year Founded | 1962 | 0 |
| Year Franchised | 1964 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Taco Bell | Petro's Chili & Chips | |
| 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 | While it does help to have prior food or restaurant experience, Petros does not require it. We have franchisees from all walks of life. What is most important to us is that we have franchisees with a willingness to work hard and a passion for their business. |
Financing Options |
||
| Taco Bell | Petro's Chili & Chips | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Taco Bell | Petro's Chili & Chips | |
| Training | Available at headquarters, Additional training available | Prior to your restaurant opening, we will furnish initial training on the operation of a Petros Chili & Chips restaurant. The training lasts three weeks: consisting both of classroom content and in-restaurant developmental activities. We require that two people attend training prior to the store opening. |
| 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 | Petro's Chili & Chips | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Taco Bell | |
| Petro's Chili & Chips | |
| Franchise Fee | |
| Taco Bell | |
| Petro's Chili & Chips | |
| Royalty Fee | |
| Taco Bell | 5.50% |
| Petro's Chili & Chips | 5% |
| Advertising Fee | |
| Taco Bell | 4.25% |
| Petro's Chili & Chips | 4% local+1% Nat'l |
| Year Founded | |
| Taco Bell | 1962 |
| Petro's Chili & Chips | 0 |
| Year Franchised | |
| Taco Bell | 1964 |
| Petro's Chili & Chips | 0 |
| Term Of Agreement | |
| Taco Bell | 20 years |
| Petro's Chili & Chips | |
| Renewal Fee | |
| Taco Bell | |
| Petro's Chili & Chips | |
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 |
| Petro's Chili & Chips | While it does help to have prior food or restaurant experience, Petros does not require it. We have franchisees from all walks of life. What is most important to us is that we have franchisees with a willingness to work hard and a passion for their business. |
Financing Options |
|
| Franchise Fees | |
| Taco Bell | No |
| Petro's Chili & Chips | No |
| Start-up Costs | |
| Taco Bell | |
| Petro's Chili & Chips | |
| Equipment | |
| Taco Bell} | |
| Petro's Chili & Chips | |
| Inventory | |
| Taco Bell | |
| Petro's Chili & Chips | |
| Receivables | |
| Taco Bell | |
| Petro's Chili & Chips | |
| Payroll | |
| Taco Bell | |
| Petro's Chili & Chips | |
Training & Support |
|
| Training | |
| Taco Bell | Available at headquarters, Additional training available |
| Petro's Chili & Chips | Prior to your restaurant opening, we will furnish initial training on the operation of a Petros Chili & Chips restaurant. The training lasts three weeks: consisting both of classroom content and in-restaurant developmental activities. We require that two people attend training prior to the store opening. |
| Support | |
| Taco Bell | Newsletter, Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Petro's Chili & Chips | |
| Marketing | |
| Taco Bell | Co-op advertising, National media, Regional advertising |
| Petro's Chili & Chips | |
| 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) |
| Petro's Chili & Chips | |
Expansion Plans |
|
| US Expansion | |
| Taco Bell | |
| Petro's Chili & Chips | |
| Canada Expansion | |
| Taco Bell | |
| Petro's Chili & Chips | |
| International Expansion | |
| Taco Bell | |
| Petro's Chili & Chips | |