Taco John's Franchise
Sunday, January 31, 2010 at 04:46PM Mexican quick-service restaurant
The story of Taco John's sounds more like a legend than the history of a business. In Cheyenne, Wyoming, a man named Juan opened a tiny taco house, serving uniquely seasoned and generously sized tacos and burritos. An immediate hit with the locals, the taco house was quickly purchased by local businessmen Harold Holmes and Jim Woodson in 1969. Renamed Taco John's, it began selling franchises right away and now has restaurants across America. The privately held company is still based in Cheyenne.
Start-up Costs & Franchises Fees
What is the total cost to open a Taco John's Franchises?
Total Cost: $326,000 USD -$1,071,000 USD
Total Franchise Fees: $25,000 USD
Ongoing Royalty Fees: 4%
Ongoing Advertising Fees: 3.5%
Term of Agreement: 20 years+10+10+10
Contact Information for Taco John's
|
Taco John's International Inc. |
Phone Number: (307)635-0101 |
Taco John's In the Press
No results at this time.Historical Expansion
In what year did Taco John's begin operations? 1968
When did Taco John's begin selling franchises? 1969
Year United States Canada International Corporate 2008 411 0 0 9 2007 416 0 0 10 2006 418 0 0 11 2005 408 0 0 10 2004 402 0 0 9 2003 395 0 0 6 2002 400 0 0 8 2001 408 0 0 10 2000 422 0 0 10
Future Expansion
United States: Colorado, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Minnesota, Missouri, Montana, Nebraska, Nevada, North Dakota, South Dakota, Washington, Wisconsin, Wyoming
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee No Yes Initial Start-up Capital No Yes Plant, Property, and Equipment No Yes Inventory No Yes Accounts Receivable No No Payroll No No
Training & Support
Support
In the Pressletter, Meetings, Toll free phone number, Grand opening support, Internet referrals, Safety and Security procedures, Field support and site evaluation, Purchasing cooperatives
Marketing
Cooperative advertising, Ad slicks
Franchise Operation Restrictions
37% of all franchise business owners own more than one franchise location.Number of employees needed to run franchised unit: 15
Absentee ownership of franchise is allowed. (75% of current franchise business owners are owner/operators)
Qualifications & Business Experience
Business Experience:
Industry experience General business experience
Jason Rager's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must use my system to receive these benefits and so much more. Click here.
What key terms in the franchise agreement can be negotiated? Cross-default provisions, arbitration clause, personal guarantee, default cure periods, non-compete agreement, favorable valuations for corporate buyout
Can you negotiate lower royalties during start-up? Yes
Can you purchase multiple franchises for a discounted franchise fee? Yes
Can you receive lower advertising fees? Yes
Will I know when the franchise break even? Yes
Will my personal assets including my home be safe in case my franchise business fails? Yes