Panchero's Mexican Grill vs Chorizo Fresh Mex Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Panchero's Mexican Grill vs Chorizo Fresh Mex including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
Investment |
$404,325 - $931,000 | $275,000 - $500,000 |
Franchise Fee |
$20,000 - $30,000 | $25,000 |
Royalty Fee |
5% | 6% |
Advertising Fee |
- | 2% |
Year Founded |
1992 | 2005 |
Year Franchised |
1995 | 2009 |
Term Of Agreement |
5 years | - |
Term Of Agreement |
5 years | - |
Renewal Fee |
- | - |
Business Experience Requirements |
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 |
|
In-House/3rd Party | In-House/3rd Party |
Franchise Fees |
No/Yes | -/- |
Start-up Costs |
No/Yes | -/- |
Equipment |
No/Yes | -/- |
Inventory |
No/Yes | -/- |
Receivables |
No/No | -/- |
Payroll |
No/No | -/- |
Training & Support |
Training |
- | 4 weeks |
Support |
- | - |
Marketing |
- | - |
Operations |
- | - |
Expansion Plans |
US Expansion |
- | - |
Canada Expansion |
No | Yes |
International Expansion |
No | - |
Company Overviews
About Panchero's Mexican Grill
As a restaurant concept proven over 15 years, Panchero's Mexican Grill has embarked on an aggressive expansion plan. Franchise development is a major part of that plan.
The Panchero's franchise system is backed by proven tools and support systems in the following areas:
* Site Selection
* Facility Design
* Marketing and Promotion
* Training
* Ongoing Support
Panchero's Franchise Corporation is offering franchise opportunities to a select group.
In considering potential franchisees, Panchero's Franchise Corporation will consider:
* Financial Qualification (minimum net worth $750,000; $250,000 liquid)
* Previous restaurant operating experience
* Your plan to develop a market and your ability to carry out that plan
* Your knowledge of the trade area in which you will be operating
Panchero's Franchise Corporation is looking for people who will be assets to the existing Panchero's franchise system.
The total investment necessary to begin operation of a Panchero's
franchise ranges from $404,325 to $931,000. This includes the $31,800 to
$32,500 that must be paid to the franchisor or affiliate. If you
acquire development rights you must develop at least three Restaurants,
and you will sign our Area Development Agreement. Upon signing, you will
pay us a development fee equal to $25,000 for the first franchise and
$10,000 for each additional franchise you commit to develop.
About Chorizo Fresh Mex
What does fresh mean? Fresh is more than an adjective that describes your veggies, fresh is a philosophy.
At Chorizo,
fresh is a way of life.
We learned how to make Mexican food from the source.
We spent weeks learning the trade in Mexico at local tacquierias,
and realized that it was the fresh ingredients and passion for preparation that separated authentic Mexican tacos and burritos from their north-of-the-border counterparts.
We made it our mission to bring to our customers only the freshest food, prepared each and every morning. Four different
flavours of mouth-watering salsas, straight-from-the-avocado guacamole, crisp vegetables, and quality meats all combine to create an exemplary food experience.
We know that once you try Chorizo you will realize what our customers have known since we wrapped our first burrito in 2005; that fresh is more than just a tagline.
Why Partner With Us?
We build better burritos!
It's what we do at Chorizo Fresh Mex. If you've eaten at Chorizo Fresh Mex, you know what sets us apart from the competition: No Microwaves, No Heat Lamps, and No Freezers.Chorizo Fresh Mex pioneered the quick casual Mexican segment with the introduction of fresh, quality ingredients, with classic Mexican recipes. The food is all prepared fresh in an exhibition style kitchen for guests to view.
Our superior taste is built using charbroiled cooking with tender steak, marinated chicken breast, seasoned to perfection. Chorizo, slow cooked favourites like Carnitas (pork) and Barbacoa (beef), fresh produce and signature salsas for unique tastes. It's this high quality menu and fresh attitude that's made Chorizo Fresh Mex a favourite since 2005.
Let's be clear. We're not looking for just anyone to become a Chorizo Franchisee. You must have what it takes to be a member of this team. So ask yourself, Do I enjoy people? Do I want to make them happy with great food and great customer service? Do I care about providing quality, fresh food that is prepared to exacting standards? And most important of all, Am I truly passionate about running my own business in an ethical, uncompromising manner? If the answer to all of the above is a resounding YES, you're the type of person we're looking for to expand our presence across Canada. Chorizo has built a loyal following of diners who value our fresh, tasty menu options served in a fun and relaxed environment. With more and more consumers looking for an alternative to everyday fast food, your interest in Chorizo couldn't come at a better time.