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Below is an in-depth analysis and side-by-side comparison of Boloco Inspired Burritos vs Barberitos 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 | $119,800 - $554,025 |
Franchise Fee | $25,000 | $30,000 |
Royalty Fee | 6% | 5% |
Advertising Fee | - | 2% local |
Year Founded | 1997 | 2000 |
Year Franchised | 2004 | 2000 |
Term Of Agreement | 10 years | 10 years |
Term Of Agreement | 10 years | 10 years |
Renewal Fee | $10000 | - |
Business Experience Requirements |
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Experience | - | Restaurant experience is not necessary! The Barberitos system was conceived and set up to be successful for people coming from outside the restaurant industry as well as existing restaurateurs. Our time tested methods and outstanding field support, along with your passion to succeed are all that are needed. Solely — or collectively as an ownership group — have a net worth of at least $700,000 and liquid assets of at least $200,000. Must be able to pass a background inquiry, including credit worthiness, no criminal history, no extensive litigation and a satisfactory motor vehicle report. Must be willing to work hard and be a hands-on operator. Must have a passion for the Barberitos brand and promote and carry out our mission statement. |
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 | - | - |
Marketing | - | - |
Operations | - | - |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | No | - |
International Expansion | No | - |
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.
Barberitos continues to expand throughout the Southeast, and we’re always looking for entrepreneurs who believe in what we do and want to grow with the Barberitos brand. We make the process fairly easy, including offering protected development areas, as well as design and construction guidance.
As a Barberitos franchisee, you’ll have the opportunity to join a growing fast casual brand. In fact, we were named to the 2017 Next 20 restaurant list, which identifies restaurant chains throughout the country that best demonstrate healthy growth and operational excellence.
At Barberitos, we work hard to build a loyal customer base by providing delicious, farm-fresh food and exceptional customer service to keep our customers coming back day after day. If you’re ready for the challenge, email us at [email protected].