Full Answer
Where is El Fenix located?
El Fenix Restaurant in Downtown Dallas. El Fenix is a popular chain of Mexican restaurants in the Dallas/Ft. Worth Metroplex, (Texas) and the oldest chain of Mexican restaurants in the U.S. The name is Spanish for "the phoenix ", the legendary bird which, according to mythology, arose from its own ashes. The chain has its headquarters in Dallas.
What is El Fenix known for?
El Fenix is known for its brand of " Tex-Mex cuisine " and the Wednesday “Enchilada Dinner Special,” which features two cheese enchiladas, refried beans, and rice . According to Alfred Martinez (son of Mike Martinez), the downtown location serves about 1,200 lunches on a typical Wednesday or Friday and about that many more for dinner.
A Suite Franchise Opportunity
Join a leader in the beauty and salon suites industries and you will be part of one of the fastest-growing franchises in the country. When you become a Phenix Salon Suites Franchise Owner, you’re actually in the property management business – renting out your property’s suites to motivated salon professionals with their own book of business.
Domestic & International Development Areas Available
Salon professionals are enthusiastically embracing the salon suite concept, because it empowers them to control their own hours and keep more of their earnings for themselves. Our Franchise Owners say that one of the most rewarding parts of their business is giving others the opportunity to be their own boss and run their businesses how they like.
How many sq ft are there in a Phenix Salon?
A typical Phenix Salon Suites are 3,500 – 7,500 sq ft. and have 20-47 suites. All types of real estate—strip malls, freestanding units, anchors can work. We will help you find the one that’s best for your market.
Do you have to be on site every day for a salon?
Your salon professionals set their own business hours, and you can, too. You do not need to be on-site every day, but we encourage weekly visits to your location (s) to meet with salon professionals and coordinate site maintenance as applicable.
Is Phenix a family business?
The family connection starts with our name, Phenix, which is the name of Gina and her husband Ja son’s first-born son. Our Franchise Owners and salon professionals become part of the family, too. Every year we gather for our company’s convention, which we call our Family Reunion. Franchise Owners participate in small group sessions and have valuable face time with the brand Leadership Team. Salon professionals receive valuable training and education at no cost—a benefit that is unique to our brand. And everyone is invited to celebrate our collective successes, learn about new innovative brand updates, and hear what’s in store for the future.
How much does it cost to franchise a single unit?
Seid, founder and managing director of Michael H. Seid & Associates, the initial investment for a single unit franchise typically falls in the $100,000 to $300,000 range.
What is franchise fee?
The franchise fee is basically a cover charge for entry into a franchise system. Think of it as the fee you pay the franchisor for doing the legwork developing the brand, and saving you from many (not all) of the pitfalls that come with starting a business from the ground up.
How do franchisees get financing?
The first is having a family member or friend join in the franchise as a partner, sharing the financial and operational load of the business—and also the profits that come. The second is a family member or friend offers a loan, which the franchisee pays back.
What is FDD in franchising?
The FDD is an invaluable resource to have as you put together your budget for franchise investment. You can request an FDD, which must conform to Federal Trade Commission (FTC) guidelines, from a franchisor at any time but you must receive one to review at least two weeks before signing any contracts with a franchisor.
Why do you need to prepare documents before meeting with a franchise lender?
Before meeting with potential lenders, it will be to your benefit to prepare your documents in advance. Not only will it help expedite the process, it will help you show the lender you can be trusted with the responsibilities of a franchise business. Lenders strive to take on as little risk as possible.
How long does it take Glenn to finance his franchise?
The process of financing his franchise with his retirement funds took Glenn around four-to-six weeks. Glenn advises others seeking franchise funding “to make sure you do the due diligence. Research the business model thoroughly. If you can afford to overfund, especially with a 401 (k), do so.
Does the SBA loan money directly to franchisees?
In actuality, the SBA itself doesn’t loan money directly at all. The agency offers partial guarantees for the loans to the banks that participate in its programs.
Overview
El Fenix is a popular chain of Mexican restaurants in the Dallas/Ft. Worth Metroplex, (Texas) and the oldest chain of Mexican restaurants in the U.S. The name is Spanish for "the phoenix", the legendary bird which, according to mythology, arose from its own ashes. The chain has its headquarters in Dallas.
It was founded in 1918 by Miguel (Mike) Martinez, and then sold on May 30, 20…
History
Originally Mike Martinez owned Martinez Café; most of its dishes were American cuisine. It was converted into El Fenix on September 15, 1918. The name was chosen since a phoenix signifies a rebirth. The original restaurant was in Downtown Dallas.
In the 1960s the original restaurant closed. In 1965 the original restaurant re-opened across the street at 1601 McKinney Avenue. In 2008 the Martinez family sold the chain to Firebird Restaura…
Corporate headquarters
The parent company of El Fenix is headquartered in Uptown Dallas. It announced its plans to acquire this building in 2012.
Previously El Fenix had its headquarters in the 11075 Harry Hines Boulevard building, which had 32,086 square feet (2,980.9 m ) of space. It had about 7,000 square feet (650 m ) of office space, warehouses, and manufacturing facilities, and was built in the mid-1960s. In 2011 El Fenix Corp. …
Locations
As of March 13, 2018 there are 22 North Texas locations:
• Downtown Dallas (original location)
• Casa Linda
• Oak Cliff
• Oak Lawn (Lemmon @ Inwood)
See also
• History of Mexican Americans in Dallas-Fort Worth
External links
• El Fenix