| ||||
Updated RecentlyMargaritas Mexican Restaurant vs Chronic Tacos Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Margaritas Mexican Restaurant vs Chronic Tacos including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $1,182,000 - $1,454,000 | $299,000 - $799,000 |
| Franchise Fee | $30,000 | $40,000 |
| Royalty Fee | 4% | 6% |
| Advertising Fee | - | 2% |
| Year Founded | - | 2002 |
| Year Franchised | - | 2006 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
||
| Experience | - | An operations background in the restaurant industry. |
Financing Options |
||
| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | -/Yes |
| Start-up Costs | -/- | -/Yes |
| Equipment | -/- | -/Yes |
| Inventory | -/- | -/Yes |
| Receivables | -/- | -/Yes |
| Payroll | -/- | -/Yes |
Training & Support |
||
| Training | Margaritas Support Center provides the following support and training specifications for the franchise community: � Management training � New Restaurant Opening (NRO) training � Workshops, seminars and materials � Annual meetings | 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/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software |
| Marketing | The Margaritas Support Center Marketing Department provides the following support and material specifications for the franchise community: � Menus � Creative material access � Direct mail programs � Promotional materials � Local Restaurant Marketing (LRM) materials | National Media Regional Advertising Social media Loyalty program/app |
| Operations | - | Number of Employees Required to Run: 12 |
Expansion Plans |
||
| US Expansion | - | Yes |
| Canada Expansion | - | - |
| International Expansion | - | Yes |
Company Overviews
About Margaritas Mexican Restaurant
Welcome to Margaritas Mexican Restaurant; a colorful, exciting eating and drinking experience. Our restaurants are filled with unique, authentic arts and crafts; our food and drinks are generous, flavorful and satisfying; our people are welcoming and accommodating. It's about hand-crafted attention to detail; from the colorful, carved chairs and tables to the fresh-made salsa and chips you're offered as you're seated. It's an experience that transports you.Margaritas is a concept and culture that will thrive in any market. We are awarding area development agreements throughout the USA and abroad to multi-unit operators that qualify. We're looking for franchisees that want to present a powerful culture of excellence in food, drink and fun by investing in a spirited brand that reflects a commitment to guests, community and shareholders. Join our effort to present the most exciting Mexican concept in America and let's have fun doing it. As a franchisee in the Tio Juan'sMargaritas system, you will have the benefit of our more than 30 years of operations in the casual dining restaurant industry. Your opportunity for success is greatly increased because of our ongoing commitment to provide you, your people, and your restaurant with a comprehensive approach to development, training and operations support. Margaritas is the dynamic restaurant brand you have been looking for. If you're interested, complete our application on our website www.margs.com
About Chronic Tacos
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.