Taco Bell and its more than 350 franchise organizations proudly serve over 42 million customers each week through 7,000 restaurants across the nation, as well as through its mobile, desktop and delivery ordering services. Overseas, Taco Bell has over 250 restaurants, with plans to add 2,000 more restaurants internationally within the next decade.
| Liquid capital required | $750,000 |
|---|---|
| Franchise fee | $25,000 - $45,000 |
| Royalty | 5.5% |
| Offers Financing | Yes |
| Units in operation | 7,567 |
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How many units does Taco Bell have?
Taco BellLogo since 2016Taco Bell's current headquarters at 1 Glen Bell Way in Irvine, CaliforniaHeadquarters1 Glen Bell Way, Irvine, California, U.S. (2009–present)Number of locations7,072 (2018)Key peopleJulie Felss Masino (Brand President) Liz Williams (International President)9 more rows
How many existing franchises does Taco Bell have?
You can get their tasty tacos at over 7,000 locations across 30 different countries. Taco Bell is a subsidiary of Yum!
How Much Does owning a Taco Bell make?
The average per unit revenue for a Taco Bell is $1.5 million in annual sales.
Who is the largest Taco Bell franchisee?
K-MAC, which was started in 1964 by Ken McGruder, operates Taco Bells mostly in the Midwest and South. Its portfolio represents about 40% of Taco Bell's chain in the U.S.
How much is a Taco Bell franchise cost?
Total cost: A standalone Taco Bell franchise location is estimated to cost between $1.2 million and $2.6 million, exclusive of land and lease costs. Initial investment: Initial investments will vary significantly based on your location and the type of restaurant.
What franchise is the most profitable?
Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•
How much does KFC franchise cost?
To go for a KFC franchise business in India, you have to invest a huge amount which is nearly 1 to 2 crores with a 1,000 – 1,500 Square feet commercial space that follows their guidelines in order to start. Also, you have to pay a 4-5% royal commission on the original sales.
How much does a fast food owner make a year?
Fast food franchises are incredibly profitable compared to other types of businesses. According to a McKinsey study, the average fast-food franchise makes a gross profit of more than 20 percent on revenues of $2.5 million per year. That's more than twice the profitability of the average small business.
How profitable are franchises?
Buying a franchise might seem like easy money, but those royalties and fees will quickly cut into profit margins. The majority of franchise owners earn less than $50,000 per year.
What company owns the most franchises?
2017RANKCOMPANYUNITS1NPC INTERNATIONAL1,4782TARGET CORP.1,1703FLYNN RESTAURANT GROUP8544CARROLS GROUP76298 more rows
Who owns the most McDonald's franchises?
Arcos Dorados Holdings Inc. is a company that owns the master franchise of the fast food restaurant chain McDonald's in 20 countries within Latin America and the Caribbean. It is the largest McDonald's franchisee in the world in terms of system-wide sales and number of restaurants.
What is the largest franchise in the United States?
McDonaldsIn terms of revenue, the leading franchise in the United States is McDonalds, who generated over 93 billion U.S. dollars in sales worldwide in 2020. They are followed by other such iconic names as 7-Eleven, with 91 billion dollars in sales, KFC with 26.24 billion, and Burger King with 26 billion.
How many Taco Bells are there in the world?
Taco Bell, fast-food restaurant chain headquartered in Irvine, California, U.S., that offers Mexican-inspired foods. Founded in 1962 by American entrepreneur Glen Bell, the chain has more than 7,000 locations and over 350 franchisees worldwide.
Does Taco Bell give franchise?
Taco Bell franchise in India requires an estimated 3 crores of capital, which is the minimum net worth requirement. The franchise itself comes with a one-time fee of $45,000 and an ongoing royalty rate of 5.5% based upon gross sales, making it one of the more expensive fast-food franchises.
How many years has Taco Bell been franchising?
About Taco BellFranchise Details:Founded:1962Franchising Since:Industries:Food, Fast Food, Taco
Is Taco Bell an international franchise?
Taco Bell opened its first restaurant outside the states in 1973, and in just the last two years, the brand has grown its store count by more than 25%. With growth plans as strong as ever, Taco Bell and its international franchisees have plans to operate more than 1,000 restaurants internationally.
How many restaurants does Taco Bell have?
Overseas, Taco Bell has over 250 restaurants, with plans to add 2,000 more restaurants internationally within the next decade. The brand encourages its fans to “Live Mas” and connects with them through sports, gaming and new music via its Feed The Beat® music program.
Who is the founder of Taco Bell?
The founder of Taco Bell, Glen Bell, started with a hot dog stand in San Bernardino, California in 1946. After experimenting with alternative food items, he opened three Taco-Tia (his initial attempts were named for his daughter) stands between 1954 and 1955, which he later sold to his partners.
When did Glen Bell leave Taco Bell?
In 1975, Glen tendered his resignation as Chairman of the Board. Three years later, he sold Taco Bell's 868 units, to PepsiCo, Inc. The deal was some six months in the making and ended with Glen Bell as a major PepsiCo shareholder and millions richer.
Is Taco Bell a nonprofit?
Taco Bell also provides education opportunities and serves the community through its nonprofit organization, the Taco Bell® Foundation™, and connects fans with their passions through programs such as the Live Mas Scholarship program.
Is Taco Bell a QSR?
Taco Bell Corp., a subsidiary of Yum! Brands, Inc. (NYSE: YUM), is the nation's leading Mexican-inspired quick service restaurant (QSR) brand. From breakfast to late night, Taco Bell serves made-to-order and customizable tacos and burritos, among other craveable choices, and is the first QSR restaurant to offer American Vegetarian Association ...
How much does a taco bell franchise cost?
How much does Taco Bell franchise cost? Taco Bell has the franchise fee of up to $20,000, with total initial investment range of $525,100 to $2,622,400. Initial investments: $525,100 - $2,622,400.
What is a taco bell?
Taco Bell franchise is an American net of fast-food restaurants which serve tacos, burritos, quesadillas, nachos. No matter how in a hurry people are in the present days, everyone needs to eat. Taco Bell restaurant franchise gives good opportunities to satisfy people's hunger and fulfill your appetite for fortune.
How much money do you need to open a taco bell?
In order to open a Taco Bell franchise, you must have a net worth of more than $525,000. Appreciate the investment required for a restaurant franchise. Evaluate your prior experience and strengths. You should thoroughly evaluate your prior business experience before applying to become a Taco Bell franchise owner.
What happens if a franchise agreement is terminated?
If the Franchise Agreement is terminated for certain specified reasons, franchisees must pay liquidated damages equal to the greater of 11% of Unit's gross sales for last 12 months of operation or $100,000. Development Fee (Development Agreement) If franchisees purchase existing Units from the franchisor and enter into a Development Agreement, ...
What does a Taco Bell Franchise Cost?
The cost a Taco Bell franchise ranges between $1 million-$2 million. Taco Bell also charges a $45,000 franchise fee, an ongoing royalty fee equal to 5.5% of gross sales, and a marketing fee equal to 4.25% of gross sales. If you would like to open a Taco Bell, you'll be asked to have at least $1.5 million in net worth and at least $250,000 in liquid capital.
How much does it cost to franchise a taco bell?
The cost a Taco Bell franchise ranges between $1 million-$2 million. Taco Bell also charges a $45,000 franchise fee, an ongoing royalty fee equal to 5.5% of gross sales, and a marketing fee equal to 4.25% of gross sales. If you would like to open a Taco Bell, you'll be asked to have at least $1.5 million in net worth and at least $250,000 in liquid capital.
What is a taco bell?
Taco Bell is the world's leading Mexican-style restaurant chain. We offer a wide range of menu items such as tacos, burritos, crunchwraps, loaded fries, quesadillas and nachos.
Is Taco Bell a part of Yum?
Taco Bell Corp., based in Irvine, California, is a subsidiary of Yum! Brands, Inc. (NYSE: YUM), and the nation's leading Mexican-style quick service restaurant chain. Taco Bell® serves tacos, burritos, signature Quesadillas, Grilled Stuft Burritos, nachos, and other specialty items such as the Crunchwrap Supreme™, in addition to a wide variety of Big Bell Value Menu® items. Taco Bell® serves more than 2 billion consumers each year in more than 5,800 restaurants in the U.S. In 2005, Taco Bell® generated sales of $1.8 billion in company restaurants and $4.4 billion in franchise restaurants. More than 80 percent of our restaurants are owned and operated by independent franchisees.
How do franchise profits work?
Franchise profits depend on a number of variables, including local demand for your product, labor costs, commercial lease rates and several other factors. Typically, franchise profits are proportionate to the size of investment. We can help you figure out how much money you can make by reviewing your personal situation. Please unlock this franchise for more information.
What is franchise grade?
Franchise Grade is dedicated to providing research and education that can help you make confident franchise investment decisions.
Are there any Taco Bell franchise opportunities near me?
Based on 2020 FDD data, Taco Bell has franchise locations in 50 states. The largest region is the South with 2746 franchise locations.
How many taco bells will be open in 2020?
Mexican inspired quick service chain Taco Bell operated a total of 7,427 restaurants in 31 different countries worldwide in 2020. This number rose from 7,363 the previous year. The number of Taco Bell restaurants consistently increased in each year since 2010.
Who owns KFC and Taco Bell?
The restaurant chain is owned by YUM! Brands, parent company to Kentucky Fried Chicken (KFC) and Pizza Hut. With 25 thousand units worldwide, KFC has the most establishments of the YUM! Brands subsidiaries. Although there is a large difference in the number of units, Taco Bell is only slightly less successful than its sister company in terms of revenue - generating a little over two billion U.S. dollars revenue in 2020. Comparatively, the revenue of KFC amounted to around 2.27 billion U.S. dollars in that year.
What is the ACSI score for Taco Bell?
Despite its growing number of stores worldwide and increasing revenue, Taco Bell ranked below the average limited service restaurant’s American Customer Satisfaction Index (ACSI) score of 74 in 2020. The company also ranks below both of its affiliate companies, KFC and Pizza Hut, who were awarded scores of 79 and 77 respectively.
Is Taco Bell more successful than KFC?
Although there is a large difference in the number of units, Taco Bell is only slightly less successful than its sister company in terms of revenue - generating a little over two billion U.S. dollars revenue in 2020. Comparatively, the revenue of KFC amounted to around 2.27 billion U.S. dollars in that year.
What does it cost to buy a Taco Bell franchise?
Aside from the company's $45,000 startup fee, Business Insider estimates that opening one can cost anywhere from $1.2 million and $2.6 million.
How much does it cost to own a taco bell?
If you're lucky, you might be able to score an existing Taco Bell location, but that will still set you back anywhere from $175,000 to $1.4 million. Obviously, this no small chunk of change, which is why Taco Bell only lets those with deep pockets take ownership of its restaurants.
How much money do you need to open a taco bell?
Because the cost of opening a Taco Bell is so high, Taco Bell requires that potential investors have a net worth of at minimum $1.5 million, and $750,000 of that should be in liquid assets. They also like investors who have some restaurant industry experience.
Is Taco Bell a Mexican restaurant?
Here's a fact that may just make you spew your Baja Blast all over your screen — Taco Bell is America's favorite Mexican restaurant. That's right, forget about all those lists of "the best Mexican restaurants" floating around the web that heap praise on tiny L.A. taquerias. Apparently, they don't have anything on the Bell — or, at least, ...
Does Taco Bell have anything on it?
Apparently, they don't have anything on the Bell — or, at least, they simply don't have the sheer number of restaurants to garner those votes. According to a 2018 Harris Poll of more than 77,000 people, Taco Bell has been voted the top Mexican restaurant in the country.
Will Taco Bell open in 2023?
Fox Business reports that Taco Bell is on a quest to open another 2,000 brand new locations by 2023 because Americans simply must have more access to Doritos Locos tacos. For the franchisees (and future franchisees) of Taco Bell, this means profit.
How long does it take to become a taco bell franchisee?
Thorough Training: Once a franchisee’s application has been accepted, they’re required to undergo a comprehensive management training program, which is a minimum of seven weeks. Franchisees are also required to attend Taco Bell’s Starting Bell brand immersion course at its Restaurant Support Center in Irvine, CA. This 3-day course is designed to help franchisees develop the knowledge and skills to successfully run their own Taco Bell franchise location. This course comes at the franchisee’s expense, as they’re required to shoulder the cost of airfare and accommodations while in California.
What is a traditional taco bell?
Traditional Units: Free-standing, permanent buildings that include a kitchen facility, counter, tables and seats for the customer and a drive-thru. These facilities offer the full Taco Bell menu.
How much does a Donatos pizza franchise cost?
For the relatively low initial investment cost of $375k–$700k, franchisees stand to make over $1M in average net sales per year, with some top-performing units earning over $2 M per year. If those potential earnings weren’t appealing enough, Donatos also offers predictive intelligence capabilities for smarter delivery, flexible restaurant design options, a comprehensive training program, and more.
How much will Taco Bell sell in 2022?
With annual sales projected to reach $15 billion by 2022, Taco Bell is one of the leading fast food chains in the nation, overtaking Burger King as the fourth-largest domestic brand in the U.S.
How much does it cost to open a taco bell?
Despite being famous for its low-priced meals, opening a Taco Bell franchise costs a pretty penny, with the initial investment ranging anywhere from $1,179,525 to $2,851,775. This amount places Taco Bell in the neighborhood of other major franchises such as McDonald’s, which requires an initial investment between ...
When did Taco Bell open its drive in?
After witnessing the overwhelming success of Mitla Café, a Mexican restaurant famous for its hard-shelled tacos, Bell sold Bell’s Drive-In and opened a taco stand in 1951. As the business grew, it underwent multiple name changes, including Taco-Tia and El Taco, before Bell settled on Taco Bell in 1962. What began as a roadside stand that sold tacos ...
Where did Taco Bell originate?
After serving as a cook for the U.S. Marines in World War II, founder Glen Bell returned to his hometown of San Bernadino, California and turned his passion for food into a career by opening a hot dog stand called Bell’s Drive-In in 1948. After witnessing the overwhelming success of Mitla Café, ...