Taco Bell Franchise Startup Tips
Starting a franchise is not easy but with hard work, you will reap the benefits of an internationally recognized business. You have to know the basics before venturing out to start any company, big or small so read up on the basics of the Taco Bell Corporation right here.
Taco Bell is a division of fast-food chains which is a major food company in the US with more than 5,500 locations to boast of. This restaurant features a wide range of Mexican style menus which include tacos, quesadillas, nachos and burritos.
Taco Bell units are found operating quick-self-service kiosks in shopping malls and airports. At present there are over 240 locations of the Taco Bell all over the US and outside it too. The interesting fact is that more than 20% of the restaurants are company operated while the rest are franchised or licensed and hence the company’s profits are soaring each passing day.
It is a profitable company simply because it has international brand reconciliation. If you are still not satisfied then do a SWOT analysis of the brand as well as your competitors. The SWOT analysis deals with the strength, weaknesses the opportunities and the threats. And in all of these the Taco Bell wins out as it supplies cheap and tasty food in a few minutes, demographics, consumer tastes and personal demand varies from region to region so take all these into consideration before you embark of setting up your franchisee in your locality.
If you want to start a Taco Bell, than take the time to read up on the structure and functioning of the parent company. Keep in mind the demographics and the tastes of the customer in your locality. It would be a great idea to work as a worker under the company for some time to understand the company’s policy and strategy of a franchisee.
You will require at least $1,100,000 - $1,700,000 as an initial start up cost to put up a restaurant. There might be a franchisee fee of $45,000 the parent company demands a royalty fee of 5% as you run the restaurant. The contract has to be signed for a minimum of 20 years and you may have to pay a small renewal fee when you are resigning the agreement. Do take the time to make a study of the entire market and find out where the customers prefer to eat every week, as this will help you in running your franchise.
Ask for help in the legal factors by asking for a lawyer and you may have to show your previous business experience before you can be signed on to the deal. You can start by signing on to the online questionnaire and a company representative will get in touch with you as soon as possible.
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