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Below is an in-depth analysis and side-by-side comparison of Taco Palace vs Justix 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 | $223,000 - $332,000 |
Franchise Fee | $33,950 | $30,000 |
Royalty Fee | 0-4% | 6% |
Advertising Fee | - | - |
Year Founded | 1985 | 2004 |
Year Franchised | 1996 | 2006 |
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 | - |
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.
A Uniquely Valuable Opportunity * Unique Healthy alternative * Limited Competition in fast casual segment * New launch resulting in huge potential * Controlled growth (not a numbers game; quality over quantity) Benefits * Justix is geared toward two strategic day-parts (lunch and dinner), with a huge opportunity for catering. We take catering so seriously, we consider it our third day-part. Each store has a professionally wrapped van providing a tool for almost any size catering order. This structured approach gives our franchisee a great opportunity to build strong volume. Proven model * Justix was built to franchise. From its creation, Justix was designed for a franchise model, providing the franchisees with a system that works. Everything from the menu mix, to the key suppliers, to the purchasing system, to hiring employees, training and retention techniques, all contribute to the Justix success formula, providing an excellent franchise opportunity. Validation * Justix has received an enormous amount of press in a very short period of time. Not only do the customers love us, but the critics do as well.