Houlihan's vs Palapas Restaurants Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Houlihan's vs Palapas Restaurants including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
Investment |
$1,600,000 - $4,300,000 | $750,000 - $2,000,000 |
Franchise Fee |
$40,000 | $30,000 |
Royalty Fee |
4% | 5% |
Advertising Fee |
- | - |
Year Founded |
1972 | - |
Year Franchised |
1994 | - |
Term Of Agreement |
20 years | - |
Term Of Agreement |
20 years | - |
Renewal Fee |
$5K | - |
Business Experience Requirements |
Experience |
Industry experience General business experience Must live in same market being developed | - |
Financing Options |
|
In-House/3rd Party | In-House/3rd Party |
Franchise Fees |
No/Yes | -/- |
Start-up Costs |
No/Yes | -/- |
Equipment |
No/Yes | -/- |
Inventory |
No/Yes | -/- |
Receivables |
No/Yes | -/- |
Payroll |
No/Yes | -/- |
Training & Support |
Training |
- | - |
Support |
Meetings, Field operations/evaluations, Purchasing cooperatives | - |
Marketing |
Co-op advertising, Ad slicks, Regional advertising | - |
Operations |
Franchisees required to buy multiple units/master licenses Number of employees needed to run franchised unit: 78
Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators) | - |
Expansion Plans |
US Expansion |
Yes | - |
Canada Expansion |
No | - |
International Expansion |
No | - |
Company Overviews
About Houlihan's
Houlihan's has been known for exceptional food at an affordable price since we entered the casual dining segment in 1972. Our menu features a great mix of contemporary pop American cooking - classic dishes reinvented in a fresh modern way and brought to the table with simple, stylish plating and presentations.
And then there's the bar. It's always the best place to feel the great energy of Houlihan's. Our bar strategy unites pop culture, trendy premium brands, the newest drinks and vendor insights for a winning combination, resulting in an enviable liquor mix.
To help us more quickly expand to new markets and
trade areas, Houlihan's is seeking sophisticated restaurant operators with
experience building out entire markets. At this time, we are not
pursuing single-site franchise agreements.
Our ideal candidate to become a franchise market
developer is a successful full-service, multi-unit operator with
expertise in one or more large markets (e.g. the top 75 MSAs in the
United States). We are seeking entrepreneurial organizations that can
thrive in our flexible franchise environment, while having access to
growth capital and capital reserves, but experiencing growth constraints
with their current restaurant concept(s).
About Palapas Restaurants
Palapas Restaurant y Cantina is perched atop the Seascape Village and has been
an institution in Aptos since opening its doors in 1990. Owners Mark and
Kay Holcomb designed the space and menu with the goal of bringing home
their beloved experiences vacationing on the coast of Mexico with their
family throughout the 80s and 90s. Today we aim to capture that nostalgic vacation feeling while highlighting the natural beauty and bounty native to our own locale. This value is
present in our locally sourced, fresh seafood, our commitment to local
small purveyors, and even our design, which is built to offer an ocean
view of the sparkling Monterey Bay from every single table.
Palapas brings the ambiance of tropical Mexico to the Monterey Bay
area in a very unique way. In addition to featuring authentic
traditional dishes of Mexico, our menu offers the fish, shellfish and
sauces of the coasts of both Mexico and California.
All of our dishes are prepared "A La Cocina Fresca”- "in the fresh
kitchen method” a Spanish phrase that means exactly what it implies…
freshly made sauces, handmade corn tortillas and fresh local seafood and
produce prepared daily.
In addition to creating a menu with many exiting choices, we’re
committed to offering our customers healthy dishes with absolutely no
use of any lard or animal fat in their preparation.
We use rice-bran oil specifically for frying. Contains no trans fat!