Taco Palace vs Mr. Empanada Franchise Comparison

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

Start-Up Costs and Fees
 
Taco Palace Franchise
Mr. Empanada Franchise
Investment $53,200 - $133,100$190,500 - $293,500
Franchise Fee $33,950$35,000
Royalty Fee 0-4%3% or $500
Advertising Fee -2%
Year Founded 19852003
Year Franchised 19962003
Term Of Agreement 1 year+-
Term Of Agreement 1 year+-
Renewal Fee --


Business Experience Requirements
 
Taco Palace Franchise
Mr. Empanada Franchise
Experience
  • General business experience
    		• -

    Financing Options
     
    Taco Palace Franchise
    Mr. Empanada Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/No-/-
    Start-up Costs No/No-/-
    Equipment No/No-/-
    Inventory No/No-/-
    Receivables No/No-/-
    Payroll No/No-/-

    Training & Support
     
    Taco Palace Franchise
    Mr. Empanada Franchise
    Training --
    Support Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives-
    Marketing Ad slicks-
    Operations 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
     
    Taco Palace Franchise
    Mr. Empanada Franchise
    US Expansion --
    Canada Expansion No-
    International Expansion Yes-

    Company Overviews

    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.

    About Mr. Empanada

    Mr. Empanada Inc. is a family owned, rapidly growing, small business.
    Their company owned manufacturing facility produces all the empanadas and other pre-prepared food items to be sold to the franchisees, thus assuring quality and consistency throughout the system. Additionally, they own Mr. Empanada Franchise Corp., which is responsible for selling, training and coordinating new and potential franchise locations.
    Mr. Empanada Inc. takes pride in their restaurants and extreme care in the manufacture and preparation of their food items, demonstrating their total commitment to the brand and reputation. As a result Mr. Empanada has enjoyed excellent reviews in Tampa’s premier publications such as The Tampa Tribune and Weekly Planet.
    From a historical perspective of Mr. Empanada Fast food with a Latin flair, our convenient-to-eat, high quality empanadas, cuban sandwiches and salads, make for a simple operation which food customers love...especially children.