Start-Up Costs and Fees |
||
| Taco Bell | Mr. Hero | |
| Investment | 152250 - 3049100 | 113000 - 305000 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 5.50% | 5.50% |
| Advertising Fee | 4.25% | |
| Year Founded | 1962 | 1965 |
| Year Franchised | 1964 | 1970 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Taco Bell | Mr. Hero | |
| 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 | Industry experience General business experience Marketing skills |
Financing Options |
||
| Taco Bell | Mr. Hero | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Taco Bell | Mr. Hero | |
| Training | Available at headquarters, Additional training available | |
| Support | Newsletter, Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | Co-op advertising, National media, Regional advertising | Co-op advertising, Ad slicks, 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) | International franchisees required to buy multiple units/master licenses; 15-20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 Absentee ownership of franchise is NOT allowed. (95% of current franchisees are owner/operators) |
Expansion Plans |
||
| Taco Bell | Mr. Hero | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Taco Bell | |
| Mr. Hero | |
| Franchise Fee | |
| Taco Bell | |
| Mr. Hero | |
| Royalty Fee | |
| Taco Bell | 5.50% |
| Mr. Hero | 5.50% |
| Advertising Fee | |
| Taco Bell | 4.25% |
| Mr. Hero | |
| Year Founded | |
| Taco Bell | 1962 |
| Mr. Hero | 1965 |
| Year Franchised | |
| Taco Bell | 1964 |
| Mr. Hero | 1970 |
| Term Of Agreement | |
| Taco Bell | 20 years |
| Mr. Hero | 10 years |
| Renewal Fee | |
| Taco Bell | |
| Mr. Hero | |
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 |
| Mr. Hero | Industry experience General business experience Marketing skills |
Financing Options |
|
| Franchise Fees | |
| Taco Bell | No |
| Mr. Hero | No |
| Start-up Costs | |
| Taco Bell | |
| Mr. Hero | |
| Equipment | |
| Taco Bell} | |
| Mr. Hero | |
| Inventory | |
| Taco Bell | |
| Mr. Hero | |
| Receivables | |
| Taco Bell | |
| Mr. Hero | |
| Payroll | |
| Taco Bell | |
| Mr. Hero | |
Training & Support |
|
| Training | |
| Taco Bell | Available at headquarters, Additional training available |
| Mr. Hero | |
| Support | |
| Taco Bell | Newsletter, Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Mr. Hero | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Taco Bell | Co-op advertising, National media, Regional advertising |
| Mr. Hero | Co-op advertising, Ad slicks, National media, Regional advertising |
| 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) |
| Mr. Hero | International franchisees required to buy multiple units/master licenses; 15-20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 Absentee ownership of franchise is NOT allowed. (95% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Taco Bell | |
| Mr. Hero | |
| Canada Expansion | |
| Taco Bell | |
| Mr. Hero | |
| International Expansion | |
| Taco Bell | |
| Mr. Hero | |