can i buy a panda express franchise

No, You Can't Buy a Panda Express but There are Other Options. Panda Express is a success story that shows how hard work and belief in a concept can do great things. In 1973 Mr. Andrew Cherng opened the first Panda Inn in Pasadena California beside his father, Master Chef Ming-Tsai Cherng.

Full Answer

How much money to get a Panda Express franchise?

Some other Panda Express franchise cost include:

• Sales tax deposits ($4,500 to $10,000)
• Construction supervision cost ($17,000 to $50,000)
• Architectural design fees ($17,000 to $35,000)
• Non-resettable cash register (s) fee ($6,000 to $8,000)

How much does a Panda Express franchise cost?

Franchise fee: Panda Express has a franchise fee of up to $25,000, with a total initial investment range of $370,700 to $1,552,600. Initial License Fee: Their licensing fee stands at $25,000, and this fee is non-refundable by any means.

Does Panda Express have senior discounts?

The popular Senior Discount is back at panda express .You can use this discount if you are over 55 years old.Even senior persons might benefit from these discounts.Click panda express senior discount to read the specific offers list.There are sales or promotion events everyday. Panda Express first order coupon Panda Express Teacher Discount

How much does Panda Express Pay in California?

How much money does Panda Express pay an hour? The average Panda Express hourly pay ranges from approximately $11 per hour for a Cashier and Crew Member to $945 per hour for a Service and Kitchen Team.

How much does it cost to buy a Panda Express franchise?

How much does a Panda Express franchise cost? Panda Express has a franchise fee of up to $25,000, with a total initial investment range of $426,700 to $2,404,000. The initial cost of a franchise includes several fees -- Unlock this franchise to better understand the costs such as training and territory fees.

Is Panda Express a chain or franchise?

Franchise Inquiries Panda Restaurant Group operates all of our restaurants with the exception of select locations in airports, universities, military bases, hospitals, casinos, amusement parks and stadiums. We do not offer franchises at this time.

How much are Panda Express owners worth?

$3.1 billionAndrew and Peggy Cherng, who have a net worth of $3.1 billion, according to Forbes, plan to redevelop the Kahala Avenue property.

How many Panda Express franchises are there?

Founded in 1983 at the Glendale Galleria in Glendale, California, Panda Express is America's favorite Chinese restaurant. With more than 2,300 stores, 47,000 associates and $3 billion in sales, Panda Express is the largest family-owned and operated Asian dining concept in America.

Who owns the Panda Express?

Over the course of 45 years, college sweethearts Andrew and Peggy Cherng have grown Panda Express from a single restaurant in a southern California mall to a 2,000-location empire around the world. The married couple founded the company in the early 1980s and continues to own and operate every Panda Express themselves.

What is the cost of McDonald's franchise?

Documents- ID cards, lease documents, etc. Franchise Investment Cost- In India, if anyone wants to start a McDonald's franchise in India, then their net worth should be between INR 10 to 15 Crore. Also, assets worth INR 5 Crore should be in the form of cash or liquid assets.

Where do Panda Express owners live?

Andrew Cherng (Chinese: 程正昌; pinyin: Chéng Zhèngchāng; pronounced Chur-ng; born April 1948) is a Chinese-born American billionaire restaurateur. He is the founder and chairman of Panda Restaurant Group, based in Rosemead, California.

How is Panda Express doing financially?

In general, it seems that Panda Express units do the best financially in airport locations, with them having the highest maximum gross sales at $3,453,579; highest average gross sales at $1,191,246, and highest median gross sales at $995,281.

Who competes with Panda Express?

Panda Express competitors include Chipotle, Darden Restaurants, Papa John's International, Luby's and Panera Bread. Panda Express ranks 3rd in CEO Score on Comparably vs its competitors.

What is the most profitable franchise?

Top 14 Most Profitable FranchisesMcDonald's. Units in operation: 39,360. ... Dunkin Donuts. Units in operation: 12,800. ... Taco Bell. Units in operation 12,800. ... Subway Franchise. Offers Financing: Yes. ... Anytime Fitness Franchise. Units in operation: 4,904. ... Sonic. Royalty: 2.5% - 5.0% ... Planet Fitness. Royalty 7.0% ... Orangetheory Fitness.More items...

Which state has the most Panda Express?

CaliforniaNumber of Panda Express stores in the United States in 2022 There are 2,192 Panda Express stores in the United States as of October 11, 2022. The state with the most number of Panda Express locations in the US is California, with 599 stores, which is about 27% of all Panda Express stores in the US.

What is the cost of a Starbucks franchise?

What are the Financial requirements for a Starbucks licensed store? You need to pay the licensing fee of between $50,000 – $315,000 and you must have over $1,000,000 in liquid assets to be considered for a licensed store by Starbucks.

What fast food restaurants are franchised?

Here are the most popular 10 fast food franchises in the USAMcDonald's. Founded in: 1955. Franchising since: 1955. ... BURGER KING. Founded in: 1954. ... SUBWAY. Founded in: 1965. ... KFC. Founded in: 1930. ... Checkers and Rally's. Founded in: 1986. ... DAIRY QUEEN. Founded in: 1940. ... Dunkin' Donuts. Founded in: 1954. ... Taco Bell. Founded in: 1962.More items...

Is Panda Express a private company?

The group has its headquarters in Rosemead, California. Panda Express in the largest Asian-American restaurant chain in the United States, with 2,200 branches....Panda Restaurant Group.Panda Restaurant Group headquartersTypePrivateGenreChinese and Japanese restaurantsFounded1973FounderAndrew Cherng9 more rows

Is Chipotle a franchise?

Because Chipotle does not franchise, all restaurants are owned and operated directly by the corporation itself.

Is Pei Wei a franchise?

About Pei Wei Asian EateryFranchise Details:Founded:2000Franchising Since:Corporate Office:6191 N. Highway Suite 300 Irving, TX 75038Industries:Food, Asian, Restaurant, Multi-Unit

How much does it cost to open a Panda Express?

It is estimated that opening a Panda Express location and operating it for the first three months will cost between $360,000 and $1,545,000. The major differences between costs including location and size of restaurant space. Real estate prices and costs of living vary greatly in different parts of the country, or world, making it impossible to predict exact start up costs. Regardless, a prospective franchisee must be prepared to have enough capital to support these costs.

When did Panda Express open?

Panda Express opened its first location in 1983 and has been growing steadily ever since. Founders Andrew and Peggy Cherng have developed a model that has proved to be successful time and time again. Since 1983 , they have opened over 1,000 locations in the United States, and have even gone international. As of today, there are Panda Express restaurants in Canada, Guam, Puerto Rico, Dubai, and South Korea.

How to keep customers coming back to Panda Express?

Once you have established your Panda Express location and have a solid monthly revenue stream , you’ll want to focus on areas that will keep customers coming back for more. Maintaining high quality standards is the best way to ensure this. With a franchise, the food is expected to taste the same regardless of the location. If a customer tries the Orange Chicken in Tulsa, OK and loves it, but then orders it from you in California and the food is dry, cold, and unflavorful, it will leave a him with a sour impression of Panda Express. Customers, generally, remember poor experiences better than good ones, so you’ll want to ensure that each customer’s expectations are met each and every time they visit. Panda Express has policies in place to help ensure the continuity of flavors and quality across all of their locations. These standards are crucial to maintaining that taste that is so heavily associated with the Panda Express name. Ensuring your restaurant is following the standards will help keep customers coming back.

How long does a Panda Express license last?

They are currently charging $25,000 for this license and it is non-refundable. The initial license term is 10 years, and it can be renewed for 5 years at a time. The renewal does come with additional fees, but the cost of those fees will be determined at the time of renewal.

Does Panda Express offer financing?

To help with this, Panda Express does offer assistance with financing to help you fund your dream of opening a restaurant. If you do not have the liquid capital to purchase the franchise license outright, they will set up payment terms with you. The specific terms of the agreement will depend on many factors, including your credit history, and will be worked out with Panda Express during the process. At this time, they do not offer business loans to help cover other start-up costs, such as building rent and equipment purchases. Should you require assistance with a business loan, you are encouraged to contact your financial institution.

Is Panda Express growing?

Panda Express continues to grow year after year. With new franchisees opening up restaurants in desirable markets, this appears to be a company that will be around for a long time.

Is it a good idea to buy a franchise?

As with all business ventures, a franchise is not a guaranteed success. The pros to buying into a franchise include the brand recognition. By purchasing a franchise of a company that already has a strong following, you are opening yourself up to their customer base. Very few people think about the franchise owner behind the restaurant, only the brand. They know that they ate there before and enjoyed it. This gives your restaurant instant credibility and a wider selection of potential customers. Opening a restaurant on your own leaves you without the name brand. You will not have hundreds of thousands of people who have already tried the product and want to have it again. You will have to entice them to come in and try your product and hope that they like it. And if they like it, you have to hope that they tell their friends.

What is the Panda Express?

Panda Express is a success story that shows how hard work and belief in a concept can do great things. In 1973 Mr. Andrew Cherng opened the first Panda Inn in Pasadena California beside his father, Master Chef Ming-Tsai Cherng. Panda Inn was one of the first restaurants to introduce Mandarin and Szechuan cuisine to Southern California.

Does Panda Express pay employees?

Panda Express is actively involved in many charity and humanitarian initiatives and pays employees higher wages to retain quality staff.

Is there a good news about the Panda Express franchise?

There is good news and bad news regarding the acquisition of a Panda Express Franchise. The bad news is you can’t buy a Panda Express for any price as every single store is. corporately owned and operated and always has been. The good news is that right now there are several food style franchises. that are poised to be the next “Panda Express ...

Is Panda Express available in the USA?

Unfortunately Panda Express is not available at any price in the USA.

What is the Panda restaurant?

Panda Restaurant Group, the world leader in Asian dining experiences and parent company of Panda Inn, Panda Express and Hibachi-San, is dedicated to becoming a world leader in people development. Whether through sharing good food with guests or providing opportunities for professional and personal growth with associates, all are embraced in a genuine family environment that is uniquely Panda.

Is it a good idea to buy a franchise?

As with all business ventures, a franchise is not a guaranteed success. The pros to buying into a franchise include the brand recognition. By purchasing a franchise of a company that already has a strong following, you are opening yourself up to their customer base. Very few people think about the franchise owner behind the restaurant, only the brand. They know that they ate there before and enjoyed it. This gives your restaurant instant credibility and a wider selection of potential customers.

Is Panda Express popular?

Panda Express is very popular among people who have tried it. They have cultivated and maintained a loyal following with their consistent quality and innovative recipes. Because of this, a new franchise owner can expect to draw in customers who have already tried Panda Express and enjoyed it, as well as those who have not yet tried it, but are curious.

Can you open a restaurant on your own?

Opening a restaurant on your own leaves you without the name brand. You will not have hundreds of thousands of people who have already tried the product and want to have it again. You will have to entice them to come in and try your product and hope that they like it. And if they like it, you have to hope that they tell their friends.

Is Panda Express a positive company?

Panda Express is currently enjoying a positive net growth, meaning that more of their restaurants are opening than closing. Their current net growth score is 78. This is very promising for prospective owners. This means that the restaurants that are opening are finding success and able to sustain themselves, as well as grow.

How much is a Panda Express franchise?

The initial cost for setting up a Panda Express franchise is estimated by the company at between $377,100 and $1,884,000 (Item 7, FDD 2021). This includes licensing fees, the first three months’ rent, insurance, and the equipment and supplies to get the restaurant running.

How much does it cost to license a Panda Express?

The initial licensing fee for taking on a Panda Express restaurant is $25,000 (Item 6, FDD 2021). For franchisees with established relationships with the brand and multiple stores, there may be room to negotiate, and the company has gone as low as $7,500, but this fee won’t be negotiable for new franchisees.

Is Panda Express for you?

If you’re looking for a growing, popular brand in the restaurant market then Panda Express is a strong choice. Its limited franchising may make it harder to get a franchising agreement, but if you can get one, then it will be for a venue with a captive audience and good brand recognition.

What are the advantages of franchising?

Franchising itself brings several advantages, including training and support from the franchisor, a well-recognized brand and its marketing power, a tested business model, and a business that will be easier to sell when you are ready to retire.

Is Panda Express profitable?

Panda Express stores are clearly profitable, as shown by the company’s healthy financials. How profitable they are for individual franchisees is harder to judge.

Do you need a location to franchise Panda Express?

You don’t need to have a location in mind before entering a franchise agreement with Panda Express. However, they will need to approve the location, and options are limited to the “captive” venues listed in the FDD, such as airports, campuses, and hospitals (Item 1, FDD 2021).

Is franchising restaurants selective?

Even when franchising restaurants, the company retains tight control, and it’s very selective in where restaurants can be set up. Its original growth was based on shopping mall food courts, and the company retains control of these locations.

When did Panda Express start?

In 1983 , the first Panda Express provided the opportunity to share the bold flavors of Chinese cuisine with their guests. A family's inspiration to bring people together began in Glendale, California and is now available around the world.

What does it mean to find the best franchise?

Finding the best franchise means comparing several brands to determine the ideal fit for you.

Are there any Panda Express franchise opportunities near me?

Based on 2021 FDD data, Panda Express has franchise locations in 34 states plus DC. The largest region is the South with 79 franchise locations.