La Salsa Fresh Mexican Grill vs Panchero's Mexican Grill Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of La Salsa Fresh Mexican Grill vs Panchero's Mexican Grill including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
| Investment |
$189,550 - $992,590 | $404,325 - $931,000 |
| Franchise Fee |
$25,000 - $50,000 | $20,000 - $30,000 |
| Royalty Fee |
5% | 5% |
| Advertising Fee |
3% | - |
| Year Founded |
1979 | 1992 |
| Year Franchised |
1989 | 1995 |
| Term Of Agreement |
10 years | 5 years |
| Term Of Agreement |
10 years | 5 years |
| Renewal Fee |
- | - |
Business Experience Requirements |
| Experience |
Industry experience |
* First and foremost, do you LOVE burritos? Like, really, really love them? In the platonic, brother/sister sort of way.
* Do you have previous experience operating a restaurant? If you do, it's a plus. If you don't, that's perfectly okay too.
* Do you like the sound of working with Pancheros to devise a market development plan? And then bringing that plan to living, breathing, burrito-moving life?
* Do you have knowledge of the market in which you'll be operating? Wikipedia knowledge doesn't count.
* Are you qualified financially? That is to say, do you have a net worth of $750,000? And is $250,000 of that liquid?
|
Financing Options |
| |
In-House/3rd Party | In-House/3rd Party |
| Franchise Fees |
No/No | No/Yes |
| Start-up Costs |
No/No | No/Yes |
| Equipment |
No/No | No/Yes |
| Inventory |
No/No | No/Yes |
| Receivables |
No/No | No/No |
| Payroll |
No/No | No/No |
Training & Support |
| Training |
6-8 weeks management training & at grand opening | - |
| Support |
Meetings, Field operations/evaluations, Purchasing cooperatives | - |
| Marketing |
Co-op advertising, Ad slicks | - |
| Operations |
Franchisees required to buy multiple units/master licenses; 80% of all franchisees own more than one unit Number of employees needed to run franchised unit: 12
Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators) | - |
Expansion Plans |
| US Expansion |
- | - |
| Canada Expansion |
No | No |
| International Expansion |
Yes | No |
Company Overviews
About La Salsa Fresh Mexican Grill
La Salsa offers customized administration and highlight crisply arranged menu things made without fat, additives, or manufactured added substances. In 1979 La Salsa initially opened as a chain of Mexican "taquerias". These were neighborhood eateries where local people and gourmets alike, accumulate to eat the "claim to fame of the house" - the delicate tacos, which are so much a part of the Mexican culture.
Today, La Salsa claims and works an extending chain of brisk, easygoing eateries spend significant time in tacos, burritos and different things served in the style of Mexico.
La Salsa takes time-honored traditional recipes inspired by the unique
cuisines of the various regions of Mexico and brings them to life in a
bold, fresh and healthy way.
About Panchero's Mexican Grill
As a restaurant concept proven over 15 years, Panchero's Mexican Grill has embarked on an aggressive expansion plan. Franchise development is a major part of that plan.
The Panchero's franchise system is backed by proven tools and support systems in the following areas:
* Site Selection
* Facility Design
* Marketing and Promotion
* Training
* Ongoing Support
Panchero's Franchise Corporation is offering franchise opportunities to a select group.
In considering potential franchisees, Panchero's Franchise Corporation will consider:
* Financial Qualification (minimum net worth $750,000; $250,000 liquid)
* Previous restaurant operating experience
* Your plan to develop a market and your ability to carry out that plan
* Your knowledge of the trade area in which you will be operating
Panchero's Franchise Corporation is looking for people who will be assets to the existing Panchero's franchise system.
The total investment necessary to begin operation of a Panchero's
franchise ranges from $404,325 to $931,000. This includes the $31,800 to
$32,500 that must be paid to the franchisor or affiliate. If you
acquire development rights you must develop at least three Restaurants,
and you will sign our Area Development Agreement. Upon signing, you will
pay us a development fee equal to $25,000 for the first franchise and
$10,000 for each additional franchise you commit to develop.
Updated Recently