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Updated RecentlyTaco Palace vs Taco Mayo Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Taco Palace vs Taco Mayo including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $53,200 - $133,100 | $250,000 - And Up |
| Franchise Fee | $33,950 | $15,000 - $20,000 |
| Royalty Fee | 0-4% | - |
| Advertising Fee | - | - |
| Year Founded | 1985 | 1978 |
| Year Franchised | 1996 | 1980 |
| Term Of Agreement | 1 year+ | - |
| Term Of Agreement | 1 year+ | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | |
Financing Options |
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| In-House/3rd Party | In-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 |
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| 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 |
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| 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 Taco Mayo
TACO MAYO is a fast-food, Mexican restaurant chain featuring both pleasant inside dining and fast, friendly and efficient drive-thru service. Mexican is one of the "hottest" opportunities in fast food marketing. While the market is saturated with outlets for hamburger, submarine, pizza and other fast-food menus, Taco Mayo offers a unique variety targeted toward a Tex-Mex hungry population.Taco Mayo proudly serves a varied menu of favorites including tacos, burritos, nachos and taco salads created under strict quality control guidelines that require the finest, freshest ingredients.