How much does a Texas Roadhouse franchise cost?
- Initial Franchise Fee: $40,000
- Total Investment: $3,595,500 to $6,463,500
- Working Capital: $442,000 to $641,500
- Royalty Fee: 4.0%
Full Answer
How much is it to buy a Texas Roadhouse franchise?
The franchise fee for Texas Roadhouse is $40,000. The total investment to own a Texas Roadhouse is between $1.6 million and $3 million. The Texas Roadhouse Corporation supports Habitat for Humanity International and sponsors a road cycling team.
Who owns Texas Roadhouse?
Willie Nelson is the owner of the Texas Roadhouse in South Austin, TX. Texas Roadhouse serves Texan and American cuisine, including steak, ribs, chicken, and seafood. Their main suppliers are Tyson, Coca-Cola, JBS Swift and Smithfield Foods. The chain boasts several cooking championships across the country with their ribs and steaks.
How much does Texas Roadhouse pay a host?
This estimate is based upon 84 Texas Roadhouse Host salary report (s) provided by employees or estimated based upon statistical methods. When factoring in bonuses and additional compensation, a Host at Texas Roadhouse can expect to make an average total pay of $9 per hour.
What is the history of Texas Roadhouse?
texas roadhouse history. Texas Roadhouse was based on February 17, 1993, on the Inexperienced Tree Mall in Clarksville, Indiana; throughout the Ohio River from Louisville. Founder W. Kent Taylor lived in Colorado and labored at nightclubs and eating places there, having aspirations to attend a culinary faculty.
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How much does a Texas Roadhouse franchise owner make?
Well, the average Texas Roadhouse does $4.25M in sales and runs approximately 12.3% EBITDA margins, so you can expect to make about $522,000 per location.
How much does a franchise of Texas Roadhouse cost?
Texas Roadhouse Franchise Cost / Initial Investment /Texas Roadhouse. The franchise fee for Texas Roadhouse is $40,000. The total investment to own a Texas Roadhouse is between $1.6 million and $3 million.
How much profit does a Texas Roadhouse make?
Texas Roadhouse annual gross profit for 2020 was $0.284B, a 42.85% decline from 2019. Texas Roadhouse annual gross profit for 2019 was $0.496B, a 11.63% increase from 2018....Compare TXRH With Other Stocks.Texas Roadhouse Annual Gross Profit (Millions of US $)2021$6072020$2842019$4962018$4449 more rows
Is Texas Roadhouse a good investment?
Valuation metrics show that Texas Roadhouse, Inc. may be fairly valued. Its Value Score of C indicates it would be a neutral pick for value investors.
How do you become a Texas Roadhouse owner?
Texas Roadhouse has a franchise fee of up to $40,000, with a total initial investment range of $3,595,500 to $6,463,500.Initial Franchise Fee: $40,000.Total Investment: $3,595,500 to $6,463,500.Working Capital: $442,000 to $641,500.Royalty Fee: 4.0%
How much do Texas Roadhouse managing partners make?
Average Texas Roadhouse Managing Partner yearly pay in the United States is approximately $59,056, which is 27% below the national average.
Who owns Texas Roadhouse franchise?
Kent Taylor, started the business in 1993 with the opening of the first Texas Roadhouse in Clarksville, Indiana. Since then, the Company has grown to three concepts.
How is Texas Roadhouse doing financially?
Through the first half of 2022, Texas Roadhouse reported revenue of $2 billion, an 18.4% rise from the same period last year.
How many Texas roadhouses are there?
Texas Roadhouse is an American steakhouse that specializes in steaks in a Texan and Southwestern cuisine style. It is a subsidiary of Texas Roadhouse Inc, which has two other concepts (Bubba's 33 and Jaggers) and is headquartered in Louisville, Kentucky....Texas Roadhouse.TypePublicNumber of locations627 (August 2021)16 more rows
Can I buy stock in Texas Roadhouse?
How do I purchase stock in Texas Roadhouse? You need to contact a licensed securities dealer or broker to purchase shares.
Are Texas Roadhouse restaurants franchised?
After all, Texas Roadhouse is a franchise where you can own and operate your own restaurant.
Is Texas Roadhouse overvalued?
Price to Earnings Growth Ratio Texas Roadhouse has a PEG Ratio of 1.64. PEG Ratios above 1 indicate that a company could be overvalued.
Who owns Texas Roadhouse franchise?
Kent Taylor, started the business in 1993 with the opening of the first Texas Roadhouse in Clarksville, Indiana. Since then, the Company has grown to three concepts.
What is the cost of McDonald's franchise?
The Franchise fee of McDonald's goes for around 30 lakhs INR; however, this fee is also attached with a 4 % monthly royalty fee as service fees to the brand. The actual investment amount differs, a business owner needs to keep a rough estimate of around 6 to 14 Crores.
How much is it to buy a Taco Bell franchise?
Costs overview Franchising fee: It costs between $25,000 and close to $50,000 for the initial franchise fee. This, too, will vary depending on the details of your specific Taco Bell franchise. Net worth: The current net-worth requirement is around $1.5 million worth of assets.
How many Texas roadhouses are there?
Texas Roadhouse is an American steakhouse that specializes in steaks in a Texan and Southwestern cuisine style. It is a subsidiary of Texas Roadhouse Inc, which has two other concepts (Bubba's 33 and Jaggers) and is headquartered in Louisville, Kentucky....Texas Roadhouse.TypePublicNumber of locations627 (August 2021)16 more rows
How much does a Texas Roadhouse franchise cost?
Are you interested in getting into a Texas Roadhouse Franchise but wondering the investment cost? We reviewed the Franchise Disclosure Document and found the initial estimated investment for a new Texas Roadhouse Franchise to be a range from $2,790,500-$4,963,500. This amount must be capitalized with equity of not less than $800,000 or 25% of the total estimated project cost, whichever is higher and includes an initial franchise fee of $40,000.
Who is the Chief Financial Officer of Texas Roadhouse?
Since joining Texas Roadhouse in 1998, she has held the positions of Controller, Director of Financial Reporting and Vice President of Finance and Investor Relations. Ms. Robinson is a licensed Certified Public Accountant and has over 20 years of experience in the restaurant industry.
How much marketing do you need to spend on a restaurant in Texas?
You must spend 2% of the Gross Sales of the Restaurant each month on marketing for the Restaurant in its Area of Primary Responsibility. All of yoru marketing must be approved by Texas Roadhouse corporate before you use it.
How long does it take to become a restaurant manager?
All other managers must be hired at least 6 months prior to the date on which the Restaurant opens. No later than 180 days before the Restaurant begins operations, your Operating Principal, Market Partner (if you must have one), and three to four additional Managers must begin the initial training program.
Where is Texas Roadhouse located?
Texas Roadhouse was founded on February 17, 1993, at the Green Tree Mall in Clarksville, Indiana; across the Ohio River from Louisville. Founder W. Kent Taylor lived in Colorado and worked at nightclubs and restaurants there, having aspirations to attend a culinary school. In 1990, Taylor returned to his hometown of Louisville. He began work as a Kentucky Fried Chicken manager, and had dreams to open a Colorado-themed restaurant.
Is Texas Roadhouse publicly traded?
Today, Texas Roadhouse is publicly traded and is famously know for its buckets of peanuts and free rolls. The brand has more than 500 locations across the US.
Who is the general counsel at Texas Roadhouse?
Ms. Catlett was appointed as our General Counsel in November 2013. She joined Texas Roadhouse in 2005 and has served as Associate General Counsel since 2010 and Corporate Secretary since 2011. Prior to joining Texas Roadhouse, Ms. Catlett practiced law in New York, New York. Ms. Catlett has over 15 years of legal experience, including over 10 years of experience in the restaurant industry.
How much does a Texas Roadhouse franchise make?
As with any business, profits from a Texas Roadhouse franchise depend on a variety of factors. Typically, profits are proportionate to the size of investment. Demand for your products, labor costs, commercial lease rates and a number of other variables also play a huge role in your bottom line. For system-specific data, unlock this franchise .
What is franchise grade?
Franchise Grade is dedicated to providing research and education that can help you make confident franchise investment decisions.
When did they begin franchising?
They began franchising in 1995. The average Steakhouse franchise began franchising in 1995.
Is Texas Roadhouse franchising?
Based on our most recent research, Texas Roadhouse is not franchising in the US at this time.
Are there any Texas Roadhouse franchise opportunities near me?
Based on 2021 FDD data, Texas Roadhouse has franchise locations in 22 states. The largest region is the South with 30 franchise locations.
Initial Training Fee
For your first restaurant the initial training of up to five managers and Operating Principle is free. However, for the second restaurant the initial fee is $3,500 per person and this includes training and the cost of materials.
Site Evaluation Fee
Texas Roadhouse provides one on-site evaluation where the restaurant chain will determine if the site needs additional evaluation. If so, it will cost $500 and as well as travel expenses for the evaluation.
Construction Inspection Fee
Texas Roadhouse will inspect the construction of the new restaurant and there is no additional charge for this. If there needs to be additional inspections it will cost $500 not including the travel expenses that need to be paid.
Open Crew Assistance
The franchise offers trained representatives to help you through opening up a restaurant. Here, there are expenses for each representative such as traveling, lodging, meals, supplies and opening t-shirts. Coordinators get paid $14 per hour and trainers get paid $13 an hour in addition to overtime wages and per diem.
Marketing and Promotional Texas Roadhouse Franchise Costs
There is a marketing fund that the franchisee has to contribute to which is .3% of your gross sales The total amount in dollars made in the business before expenses are deducted. See also Gross Revenue. and a maximum of 2.5% of your gross sales. The marketing fund is for national or regional marketing of Texas Roadhouse.
How many Texas Roadhouse locations are there?
Texas Roadhouse operates more than 360 locations in 47 states. The restaurant slogan is “Legendary Food, Legendary Service,” and it takes both very seriously, with only fresh food always made from scratch in the restaurant.
What is Texas Roadhouse?
Texas Roadhouse is a chain of steakhouses with a decidedly Western theme and a robust menu of steaks, ribs, chicken and seafood. The restaurant brand has won several national cooking championships with their ribs and steaks. Texas Roadhouse takes special pride in their steaks, always fresh-cut in the restaurant, never frozen.
When was Texas Roadhouse opened?
Texas Roadhouse was established in 1993 when Kent Taylor opened the first restaurant in Clarksville, Indiana, with the goal of providing a place that is fun for people of all ages and where everyone can enjoy a great meal. The brand expanded rapidly in the late 1990s and went public in 2004.
Is Texas Roadhouse steak frozen?
Texas Roadhouse takes special pride in their steaks, always fresh-cut in the restaurant, never frozen. Texas Roadhouse helps bolster its Western theme with servers who learn to line dance and perform throughout the night to popular country songs.
Is Texas Roadhouse a franchise?
Texas Roadhouse Steakhouse is listed in the Franchise Directory under the Food category. It's also listed in the section for Franchises Under $250,000 .
About Franchise
It all began on February 17, 1993, when Kent Taylor opened the first Texas Roadhouse in Clarksville, Indiana. Kent’s goal was to own not just a family restaurant and not just a steak restaurant, but a place where everyone, of all ages, could come and have a great meal and great fun for a great price.
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How Much Money Can You Make as A Texas Roadhouse Franchisee?
Royalties, Advertising, and Other Ongoing Costs?
- For your advertising and marketing dollars, you may even get some Willie Nelson: The typical ongoing costs for any franchise typically include royalties and contribution to some sort of advertising fund. Here are some of these costs associated with being a franchisee. 1. Royalty:4% of Gross Sales 2. Local Marketing:$2% of Gross Sales 3. Cooperative Marketing:2% of Gross Sal…
Revenues and Profitability
- Average Unit Volumes (AUVs): Estimated at $4,250,000. This volumes run about 25% higher than the Casual dining category, so that is good!
- Average EBITDA (Earnings before interest, taxes, depreciation, and amortization): 12.3%. Therefore $522,000 of EBITDAon a new store that you build. These profit margins run about 1.5% lower than th...
Franchisor Executive Experience
- W. Kent Taylor – Chairman and CEO
Mr. Taylor founded Texas Roadhouse in 1993. He resumed his role as Chief Executive Officer in 2011, a position he held between May 2000 and October 2004. He was named Chairman of Texas Roadhouse and the Board in October 2004. Before founding Texas Roadhouse, Mr. Taylor found… - Scott Colosi – President
Mr. Colosi was appointed President in August 2011. Previously, Mr. Colosi served as our Chief Financial Officer from September 2002 to August 2011 and again resumed his role as the acting Chief Financial Officer from 2015 to May 2018. From 1992 until September 2002, Mr. Colosi wa…
Training Program
- The Managing Partner must begin the initial training program no later than one year before the Restaurant begins operations. All other managers must be hired at least 6 months prior to the date on which the Restaurant opens. No later than 180 days before the Restaurant begins operations, your Operating Principal, Market Partner (if you must have one), and three to four ad…