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Below is an in-depth analysis and side-by-side comparison of Jimboy's Tacos vs Chronic Tacos including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $375,000 - $1,379,000 | $299,000 - $799,000 |
Franchise Fee | $35,000 | $40,000 |
Royalty Fee | 5% | 6% |
Advertising Fee | 3% | 2% |
Year Founded | 1954 | 2002 |
Year Franchised | 1965 | 2006 |
Term Of Agreement | 15 years +5+5 | - |
Term Of Agreement | 15 years +5+5 | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | An operations background in the restaurant industry. |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/- | -/Yes |
Start-up Costs | -/- | -/Yes |
Equipment | -/- | -/Yes |
Inventory | -/- | -/Yes |
Receivables | -/- | -/Yes |
Payroll | -/- | -/Yes |
Training & Support |
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Training | 1. Corporate Training Rest. Folsom, CA 96 Hours 2. Corporate Office, Roseville, CA 32 Hours | 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 | Central Purchasing Field Operation Evaluation Field Training Initial Store Opening Franchisee Newsletter Regional or National Meetings 800 Telephone Hotline | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software |
Marketing | - | National Media Regional Advertising Social media Loyalty program/app |
Operations | Average Number of Employees: 4-10 Full-time, 6-12 Part-time Passive Ownership: Allowed, But Discouraged | Number of Employees Required to Run: 12 |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | - | - |
International Expansion | - | Yes |
JIMBOY'S TACOS - famous, award-winning tacos. Maintaining a proven conept through 50 years of commitment to excellent food and service. Cooked fresh daily using high-quality ingredients. Our franchisees are given a very thorough and extensive hands-on classroom training program. Strong on-going, in-store support. Franchisees required to attend our classroom training every other month at our corporate office. We offer free-standing concepts with drive-up windows, also end-cap concepts in strip centers.
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.