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Updated RecentlyTaco Palace vs Negril Eatery Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Taco Palace vs Negril Eatery including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $53,200 - $133,100 | $244,100 - $327,567 |
| Franchise Fee | $33,950 | $25,000 |
| Royalty Fee | 0-4% | 5% |
| Advertising Fee | - | - |
| Year Founded | 1985 | 1979 |
| Year Franchised | 1996 | 1985 |
| Term Of Agreement | 1 year+ | - |
| Term Of Agreement | 1 year+ | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | -/- |
| Start-up Costs | No/No | -/- |
| Equipment | No/No | -/- |
| Inventory | No/No | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| Training | - | You will be required to complete approximately eighty hours of classroom and actual training at our facilities. This includes, inventory control, employee scheduling, food handling and food preparation methods, recipes, customer service. You will also receive our proprietary Operations Manual to serve as your guide. |
| Support | Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | We will assist with the design, site selection, lease, build out, sourcing of equipment and supplies. |
| Marketing | Ad slicks | - |
| Operations |
0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 12 Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators) | - |
Expansion Plans |
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| US Expansion | - | - |
| Canada Expansion | No | - |
| International Expansion | Yes | - |
Company Overviews
About Taco Palace
Husband-and-wife team Larry and Sandi Faria bought Taco Palace from Kirk Davison in 1985. The Farias had previously owned a pair of Chevron Oil Co. franchises and brought to Taco Palace 16 years of franchise experience. In developing Taco Palace's franchise program, the Farias were driven by the goal to develop a franchisee-friendly system. Taco Palace franchisees are not required to pay a franchise fee and are strongly encouraged to rent or lease an existing building and then dress it up, rather than construct a new one, a practice that helps to lessen start-up costs. The privately held company is headquartered in Monett, Missouri, and has a co-branding relationship with Kentucky Fried Chicken.
About Negril Eatery
Currently, there are three locations and an express style restaurant that sit adjacent to the Silver Spring, MD store. Negril Eatery locations offer a limited menu, which translates into simplified operations. Patties, pastries and rotis are expertly prepared in the Negril central commissary, located in Laurel, MD which then distributes them frozen to all Negril Eatery locations where they are baked off and offered as freshly baked. With the popularity of the restaurant and the Express, Earl seeks to expand his business and take a taste of his homeland food to the world. At Negril Systems, Inc., we are seeking franchisees who are dynamic, motivated, and self starting, who want to take charge of their future. If this fits your profile, please contact Negril Systems, Inc.