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Below is an in-depth analysis and side-by-side comparison of Tin Star Restaurant vs Petro's Chili & Chips including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $500,000 | $75,000 - $324,950 |
Franchise Fee | $20,000 - $35,000 | $15,000 |
Royalty Fee | 4% | 5% |
Advertising Fee | - | 4% local+1% Nat'l |
Year Founded | 1999 | - |
Year Franchised | 2003 | - |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
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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 |
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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 | - | 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 | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | - |
Marketing | Ad slicks | - |
Operations |
Franchisees required to buy multiple units/master licenses; 100% of all franchisees own more than one unit Number of employees needed to run franchised unit: 35 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | No | - |
International Expansion | Yes | - |
Become a Part of the Tin Star Family Tin Star is seeking energetic, motivated restaurateurs with an unrelenting commitment to Guest service, quality and freshness. We're proud of our concept, and we're excited to find qualified, experienced franchisees who share our passion for great food, fantastic flavors and the Tin Star spirit of hospitality. Take a look at our preliminary requirements and contact our corporate officers for information about available opportunities. If you are interested in developing a specific market and meet all of the preliminary requirements, please complete our application. The Tin Star team has worked hard to put together a franchise program that includes support related to restaurant design, operations, training and development and marketing. Rich Hicks, President, has extensive experience in the restaurant and hospitality industry. At Tin Star, our spirit shines through our people, our food, and the experience we create for our Guests. We invite you to get in touch with us to learn more about specific franchise opportunities available at Tin Star.