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Updated RecentlyTaco Palace vs Hongkong Noodle Factory Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Taco Palace vs Hongkong Noodle Factory 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 | $1,600 |
| Franchise Fee | $33,950 | $1,450 |
| Royalty Fee | 0-4% | 0 |
| Advertising Fee | - | 0 |
| Year Founded | 1985 | - |
| Year Franchised | 1996 | - |
| Term Of Agreement | 1 year+ | 3 years |
| Term Of Agreement | 1 year+ | 3 years |
| 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 Hongkong Noodle Factory
E-Concept Business Consultancy, Inc. would like to extend our warmest welcome to you, our dear visitor! We here at E-Concept value 'People' and 'Service' as our most valuable asset. With a mix of western and eastern culture we come up with innovative solutions to cater for the ever changing Asian market. We provide franchise development and selling service for interested entrepreneur. Geared towards versatile and effective operation for positive profit potential. Also we have Marketing and Management Consultancy services for small and medium scale business who in turn need a good efficient system to integrate with their current operations. Franchise Package includes * Use of Name * Transfer Of Technology * Business System * Marketing Support * Pre Opening Assistance * Grand Opening * Post Opening * Recruitment and training of Crew * Orientation of Franchisee * Site Assistance * Permit Assistance * Free delivery of stocks within Metro Manila Item Setup 1. Outdoor Cart - Free 2. Operating Equipment & Utensils: * (1)Gulaman Container * (1)Super Kalan * (1)Showcase Cabinet * Frying Pan * Complete Set of Kitchen & Operating Utensils * (2)Set of uniform * NOTE: (1)Chest type freezer just add Php 5,000 3. Initial inventory worth Php 2,000