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Below is an in-depth analysis and side-by-side comparison of Red Rock Chili Company vs Chronic Tacos including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $215,500 - $394,000 | $299,000 - $799,000 |
Franchise Fee | $25,000 | $40,000 |
Royalty Fee | 6% | 6% |
Advertising Fee | - | 2% |
Year Founded | 2002 | 2002 |
Year Franchised | 2004 | 2006 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | $2.5K | - |
Business Experience Requirements |
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Experience | An operations background in the restaurant industry. |
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Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/Yes |
Start-up Costs | No/No | -/Yes |
Equipment | No/No | -/Yes |
Inventory | No/No | -/Yes |
Receivables | No/No | -/Yes |
Payroll | No/No | -/Yes |
Training & Support |
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Training | - | Chronic Tacos provides a four week training program and hands-on training support through our field representatives. Our programs are continually being developed and updated. On-The-Job Training: 157 hours Classroom Training: 43 hours Additional Training: At training location |
Support | Newsletter, Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software |
Marketing | Co-op advertising, Regional advertising | National Media Regional Advertising Social media Loyalty program/app |
Operations |
100%% of all franchisees own more than one unit Number of employees needed to run franchised unit: 13 Absentee ownership of franchise is allowed. (50% of current franchisees are owner/operators) | Number of Employees Required to Run: 12 |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | No | - |
International Expansion | No | Yes |
NO LONGER FRANCHISING
Red Rock Chili is sustenance that warms the spirit.
Despite the fact that stew is an American staple, there aren't a mess of spots that offer a wide assortment of decisions. Red Rock Chili Company expects to fill in that executioner downtime between bean stew cook-offs for bean stew darlings by offering eight sorts every day, serving them twelve diverse courses, including on a wiener, spaghetti, rice, a heated potato and nachos. Then again you can get it in a bowl yet once you see the diverse ways they serve it it\'s impossible that you\'ll pick the last mentioned. In the event that bean stew isn\'t your thing they additionally have chicken sandwiches and 3 astounding soups.
About Us
Created from an energy to cook and with more than 40 years of eatery experience, Red Rock Chili Co. opened its Newport Beach, California entryways in 2002. Established via Carol and Paul Collis, Red Rock Chili Co. is a dinning background that is healthy, wholesome and genuinely extraordinary.
Red Rock Chili concentrates essentially on a bowl of incredible tasting bean stew. It is a yearning, an enthusiasm, a fixation for a stewed mix of meat and bean stew peppers whose particular smell makes a permanent engraving on the faculties.
Uncommon blends of flavors, herbs, peppers and even chocolate are utilized to upgrade the "simple" approach, offering clients extraordinary esteem, assortment and taste.
Indeed, even the words "Red Rock Chili" can energize to a bean stew darling, for it summons the recollections of a dish that warms the heart and grasps the body in an air of hot fulfillment.
Chronic Tacos is considered a "Fast Casual" concept that offers real Mexican food, from healthy authentic third generation recipes, made fresh daily and made just for you. The Chronic Tacos concept offers the convenience of quick service restaurants, serving fresh, quality products.
Financials:
Minimum Liquid assets $100,000
Net Worth $250,000
Average Cost $299,000 to $799,000 depending on size and location.
Single Unit franchise fee is $40,000
Multi- Unit franchise fee is $35,000 for the first location and $25,000 for each additional location.