New York Burrito-Gourmet Wraps vs Panchero's Mexican Grill Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of New York Burrito-Gourmet Wraps vs Panchero's Mexican Grill including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
New York Burrito-Gourmet Wraps Franchise
Panchero's Mexican Grill Franchise
Investment $85,000 - $150,000$404,325 - $931,000
Franchise Fee $15,000$20,000 - $30,000
Royalty Fee 7%5%
Advertising Fee --
Year Founded 19951992
Year Franchised 19961995
Term Of Agreement 10 years5 years
Term Of Agreement 10 years5 years
Renewal Fee $1K-


Business Experience Requirements
 
New York Burrito-Gourmet Wraps Franchise
Panchero's Mexican Grill Franchise
Experience
  • General business experience
  • Marketing skills

    • * 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
     
    New York Burrito-Gourmet Wraps Franchise
    Panchero's Mexican Grill Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/NoNo/Yes
    Start-up Costs No/NoNo/Yes
    Equipment No/NoNo/Yes
    Inventory No/NoNo/Yes
    Receivables No/NoNo/No
    Payroll No/NoNo/No

    Training & Support
     
    New York Burrito-Gourmet Wraps Franchise
    Panchero's Mexican Grill Franchise
    Training --
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives-
    Marketing Co-op advertising, Ad slicks, Regional advertising-
    Operations International franchisees required to buy multiple units/master licenses; 10% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 6 - 15

    Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators)

    		-

    Expansion Plans
     
    New York Burrito-Gourmet Wraps Franchise
    Panchero's Mexican Grill Franchise
    US Expansion Yes-
    Canada Expansion NoNo
    International Expansion YesNo

    Company Overviews

    About New York Burrito-Gourmet Wraps

    NO LONGER FRANCHISING

    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.