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Updated RecentlyBoloco Inspired Burritos vs Panchero's Mexican Grill Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Boloco Inspired Burritos vs Panchero's Mexican Grill including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $190,000 - $400,000 | $404,325 - $931,000 |
| Franchise Fee | $25,000 | $20,000 - $30,000 |
| Royalty Fee | 6% | 5% |
| Advertising Fee | - | - |
| Year Founded | 1997 | 1992 |
| Year Franchised | 2004 | 1995 |
| Term Of Agreement | 10 years | 5 years |
| Term Of Agreement | 10 years | 5 years |
| Renewal Fee | $10000 | - |
Business Experience Requirements |
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| Experience | - | * First and foremost, do you LOVE burritos? Like, really, really love them? In the platonic, brother/sister sort of way. * Do you have previous experience operating a restaurant? If you do, it's a plus. If you don't, that's perfectly okay too. * Do you like the sound of working with Pancheros to devise a market development plan? And then bringing that plan to living, breathing, burrito-moving life? * Do you have knowledge of the market in which you'll be operating? Wikipedia knowledge doesn't count. * Are you qualified financially? That is to say, do you have a net worth of $750,000? And is $250,000 of that liquid? |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | No/Yes |
| Start-up Costs | No/No | No/Yes |
| Equipment | No/No | No/Yes |
| Inventory | No/No | No/Yes |
| Receivables | No/No | No/No |
| Payroll | No/No | No/No |
Training & Support |
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| Training | - | - |
| Support | - | - |
| Marketing | - | - |
| Operations | - | - |
Expansion Plans |
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| US Expansion | - | - |
| Canada Expansion | No | No |
| International Expansion | No | No |
Company Overviews
About Boloco Inspired Burritos
boloco believes that even a burrito aspires. The Boston-based family of 22 restaurants and over 400 team members since 1997 serves globally inspired burritos, bowls, smoothies and shakes in locations throughout the Eastern United States. boloco’s unique purpose is to use a simple burrito to transform the lives and futures of people working in food service, for which it won the New England Ernst & Young Entrepreneur of the Year Award in 2012. In addition, boloco is 2-Star Certified by the Green Restaurant Association and continually takes important baby steps to improve its environ-mentality.