Taco Palace vs Chronic Tacos Franchise Comparison

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

Start-Up Costs and Fees

 
Taco Palace Franchise
Chronic Tacos Franchise
Investment $53,200 - $133,100$299,000 - $799,000
Franchise Fee $33,950$40,000
Royalty Fee 0-4%6%
Advertising Fee -2%
Year Founded 19852002
Year Franchised 19962006
Term Of Agreement 1 year+-
Term Of Agreement 1 year+-
Renewal Fee --


Business Experience Requirements

 
Taco Palace Franchise
Chronic Tacos Franchise
Experience
  • General business experience
  • An operations background in the restaurant industry.


    Financing Options

     
    Taco Palace Franchise
    Chronic Tacos Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/No-/Yes
    Start-up Costs No/No-/Yes
    Equipment No/No-/Yes
    Inventory No/No-/Yes
    Receivables No/No-/Yes
    Payroll No/No-/Yes

    Training & Support

     
    Taco Palace Franchise
    Chronic Tacos Franchise
    Training -

    Chronic Tacos provides a four week training program and hands-on training support through our field representatives. Our programs are continually being developed and updated. On-The-Job Training: 157 hours Classroom Training: 43 hours Additional Training: At training location

    Support Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperativesNewsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software
    Marketing Ad slicksNational Media Regional Advertising Social media Loyalty program/app
    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)

    Number of Employees Required to Run: 12

    Expansion Plans

     
    Taco Palace Franchise
    Chronic Tacos 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 Chronic Tacos

    Chronic Tacos is considered a "Fast Casual" concept that offers real Mexican food, from healthy authentic third generation recipes, made fresh daily and made just for you. The Chronic Tacos concept offers the convenience of quick service restaurants, serving fresh, quality products. Financials: Minimum Liquid assets $100,000 Net Worth $250,000 Average Cost $299,000 to $799,000 depending on size and location. Single Unit franchise fee is $40,000 Multi- Unit franchise fee is $35,000 for the first location and $25,000 for each additional location.

    Veteran Incentives  20% off franchise fee