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Below is an in-depth analysis and side-by-side comparison of Chronic Tacos vs Tacos 4 Life Grill including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $299,000 - $799,000 | $585,000 - $825,000 |
Franchise Fee | $40,000 | $35,000 |
Royalty Fee | 6% | 5% |
Advertising Fee | 2% | 1% |
Year Founded | 2002 | 2014 |
Year Franchised | 2006 | 2014 |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | An operations background in the restaurant industry. | 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 |
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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 |
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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/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software | - |
Marketing | National Media Regional Advertising Social media Loyalty program/app | - |
Operations | Number of Employees Required to Run: 12 | - |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | - | - |
International Expansion | Yes | - |
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.
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.