Taco Palace vs Freddy's Frozen Custard & Steakburgers Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Taco Palace vs Freddy's Frozen Custard & Steakburgers including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Taco Palace Franchise
Freddy's Frozen Custard & Steakburgers Franchise
Investment $53,200 - $133,100$640,552 - $2,077,046
Franchise Fee $33,950$25,000
Royalty Fee 0-4%4.5%
Advertising Fee -3.75%
Year Founded 19852002
Year Franchised 19962002
Term Of Agreement 1 year+-
Term Of Agreement 1 year+-
Renewal Fee -1/3 of Franchise Fee


Business Experience Requirements

 
Taco Palace Franchise
Freddy's Frozen Custard & Steakburgers Franchise
Experience
  • General business experience
  • -

    Financing Options

     
    Taco Palace Franchise
    Freddy's Frozen Custard & Steakburgers 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
    Freddy's Frozen Custard & Steakburgers Franchise
    Training -On-The-Job Training: 140-150 hours Classroom Training: 10-20 hours
    Support Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperativesPurchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
    Marketing Ad slicksAd Templates Social media SEO Website development Email marketing
    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
    Freddy's Frozen Custard & Steakburgers Franchise
    US Expansion -Yes
    Canada Expansion No-
    International Expansion YesYes

    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 Freddy's Frozen Custard & Steakburgers

    Much obliged to you for your enthusiasm for our establishment program. Joining the Freddy's family will unquestionably suit your longing to be a piece of one of the best business openings around. Freddy's offers you an approach to enter the universe of diversifying, work for yourself and settle on business choices that permit you the flexibility to receive the benefits of your own diligent work. We trust that the Freddy's framework offers extraordinary chances to potential establishment accomplices who have an unwavering and uncompromising duty to Guest friendliness and sustenance quality. We happily welcome you to research encourage into this one of a kind business opportunity. At Freddy's, solidified custard is such a mark some portion of the menu that it's incorporated into the name. Be that as it may, shockingly, the Freddy's story doesn't start with sweet. It began with a primary course back in the 1950's. Freddy used to treat family and companions to his own formula of an American exemplary he called "the steakburger." Today, thousands assemble at Freddy's for nourishment and partnership reminiscent of years past, a less complex time. Consider joining the future development of Freddy's, with numerous domains still accessible around the nation. Demonstrated idea, demonstrated pioneers, and YOU.

    The total investment necessary to begin operation of a Freddy’s Restaurant franchise ranges from $640,552 to $1,131,726 for an In-Line Restaurant, $766,062 to $1,889,891 for an End-Cap Restaurant and $1,101,922 to $2,077,046 for a Standalone Restaurant. This includes $25,000 that must be paid to the franchisor. The initial development fee will generally be the sum of $5,000 times the number of Restaurants to be established, which will be payable upon signing of the Development Agreement.

    "Entrepreneur

    #67 in Franchise 500 for 2020.
    #34 in Franchise 500 for 2021.