Farmer Boys vs Taco Palace Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Farmer Boys vs Taco Palace including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Farmer Boys Franchise
Taco Palace Franchise
Investment $1,042,500 - $2,486,500$53,200 - $133,100
Franchise Fee $45,000$33,950
Royalty Fee 5%0-4%
Advertising Fee 3%-
Year Founded 19811985
Year Franchised 19971996
Term Of Agreement 20 years1 year+
Term Of Agreement 20 years1 year+
Renewal Fee --


Business Experience Requirements
 
Farmer Boys Franchise
Taco Palace Franchise
Experience
  • Industry experience
  • General business experience

  • General business experience
    		•

    Financing Options
     
    Farmer Boys Franchise
    Taco Palace Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/YesNo/No
    Start-up Costs No/YesNo/No
    Equipment No/YesNo/No
    Inventory No/NoNo/No
    Receivables No/NoNo/No
    Payroll No/NoNo/No

    Training & Support
     
    Farmer Boys Franchise
    Taco Palace Franchise
    Training On-The-Job Training: 480 hours Classroom Training: 60 hours -
    Support Purchasing Co-ops Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
    Marketing Co-op Advertising Ad Templates Regional Advertising Social media SEO Loyalty program/app Ad slicks
    Operations 20% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 30

    Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators)

    		 0% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 12

    Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators)

    Expansion Plans
     
    Farmer Boys Franchise
    Taco Palace Franchise
    US Expansion Yes-
    Canada Expansion NoNo
    International Expansion NoYes

    Company Overviews

    About Farmer Boys

    During the 1970s, brothers Makis and Chris Havadjias worked in restaurants to earn money for college. They helped the owners of one of those restaurants rebuild the establishment, and later bought it. With the experience they gained at that first restaurant, the brothers bought a poorly performing restaurant in Perris, California, that they built into Farmer Boys. With the help of their three other brothers, the Havadjias expanded Farmer Boys throughout Riverside and San Bernardino counties in Southern California. Each location serves hamburgers, sandwiches, salads and a full breakfast menu. The company began franchising in 1998.

    #128 in Franchise 500 for 2021. Not ranked in 2020.

    About Taco Palace

    Husband-and-wife team Larry and Sandi Faria bought Taco Palace from Kirk Davison in 1985. The Farias had previously owned a pair of Chevron Oil Co. franchises and brought to Taco Palace 16 years of franchise experience. In developing Taco Palace's franchise program, the Farias were driven by the goal to develop a franchisee-friendly system. Taco Palace franchisees are not required to pay a franchise fee and are strongly encouraged to rent or lease an existing building and then dress it up, rather than construct a new one, a practice that helps to lessen start-up costs. The privately held company is headquartered in Monett, Missouri, and has a co-branding relationship with Kentucky Fried Chicken.