Taco Palace vs Petro's Chili & Chips Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Taco Palace vs Petro's Chili & Chips including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Taco Palace Franchise
Petro's Chili & Chips Franchise
Investment $53,200 - $133,100$75,000 - $324,950
Franchise Fee $33,950$15,000
Royalty Fee 0-4%5%
Advertising Fee -4% local+1% Nat'l
Year Founded 1985-
Year Franchised 1996-
Term Of Agreement 1 year+-
Term Of Agreement 1 year+-
Renewal Fee --


Business Experience Requirements
 
Taco Palace Franchise
Petro's Chili & Chips Franchise
Experience
  • General business experience
    		• 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 Palace Franchise
    Petro's Chili & Chips Franchise
      In-House/3rd PartyIn-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
     
    Taco Palace Franchise
    Petro's Chili & Chips Franchise
    Training -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 Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives-
    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
     
    Taco Palace Franchise
    Petro's Chili & Chips Franchise
    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 Petro's Chili & Chips

    Since 1992 Petro's Chili & Chips has been operating company stores and franchising in both traditional and non-traditional venues: free standing drive thru units, strip centers, malls, theme parks, airports, sports venues and the newest addition: Petro's food trucks. Petro's Chili & Chips continues to be everyone's favorite QSR.
    Petro's Chili & Chips chooses only the best people to be franchisees. Our franchise partners are dedicated to setting the top standard of guest experience. From the taste of the food, to the speed and accuracy of the order, the power of our people to make decisions, the friendly face at the counter and the cleanliness of the restaurant, our Petro's Chili & Chips franchise partners proudly strive to deliver a great guest experience every time. Now is your chance to join the successful team of Petro's Chili & Chip's franchisees and become your own boss!