|
Below is an in-depth analysis and side-by-side comparison of Diamond Dave's Mexican Restaurants vs Tacos 4 Life Grill including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $189,000 - $325,000 | $585,000 - $825,000 |
Franchise Fee | $15,000 | $35,000 |
Royalty Fee | 4% | 5% |
Advertising Fee | - | 1% |
Year Founded | 1979 | 2014 |
Year Franchised | 1980 | 2014 |
Term Of Agreement | 10 years+ | - |
Term Of Agreement | 10 years+ | - |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | Tacos 4 Life is looking for like-minded people who are ready to join our growing family of franchisees. We look for owner/operators or investors with solid operators in mind who possess the following: A strong belief in the mission and menu of Tacos 4 Life Ability to lead, yet follow a system Financial capability Business management Passion for delivering great services to our guests | |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | Yes/No | -/- |
Start-up Costs | Yes/No | -/- |
Equipment | Yes/No | -/- |
Inventory | Yes/No | -/- |
Receivables | Yes/Yes | -/- |
Payroll | Yes/Yes | -/- |
Training & Support |
||
Training | - | - |
Support | Newsletter, Meetings, Grand opening, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | - |
Marketing | Ad slicks | - |
Operations |
20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 20 Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators) | - |
Expansion Plans |
||
US Expansion | Yes | Yes |
Canada Expansion | No | - |
International Expansion | No | - |
Native Texan Warren David Cohen founded Diamond Dave's Mexican Restaurants in 1979. Wanting to share the Tex-Mex cuisine of his childhood with families in the Midwest, Cohen created the restaurant chain that by 2000 had more than 30 locations.
Diamond Dave's restaurants serve Mexican favorites like quesadillas, tacos and chimichangas as well as salads, hamburgers and sirloin steak.
The first Tacos 4 Life Grill opened in Conway, Arkansas, on June 9th, 2014, but this is not where the story begins.
Long before Tacos 4 Life opened its doors, Austin and Ashton
Samuelson had a heart for the hungry. In 2009, they learned that over
18,000 children were dying worldwide each day due to starvation and
hunger related causes.
What surprised them is that the problem was completely
preventable.