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How much does a Texas Roadhouse store owner make?
Average Texas Roadhouse Managing Partner yearly pay in the United States is approximately $83,880, which meets the national average.
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 $)2019$4962018$4442017$4232016$3859 more rows
Is Texas Roadhouse a good investment?
While Texas Roadhouse is known among its patrons for its large portions and fair pricing, this is a profitable business. Even with some elevated costs this year, the operating margin was nearly 9% through the first half of 2022, compared to 10% last year.
How much money do you need to open a Texas Roadhouse?
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.
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 many pounds of beef does Texas Roadhouse use?
Fact Friday: Texas Roadhouse meat cutters hand cut over 70,000 pounds of meat per day.
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.
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.
Why is Texas Roadhouse stock down today?
The stock is down mainly because of inflation in beef prices as well as concern that inflation may be taking a bite out of consumers' spending power, leading them to forgo expenses like eating out.
How much debt does Texas Roadhouse have?
Texas Roadhouse long term debt for the quarter ending June 30, 2022 was $0.075B, a 60.53% decline year-over-year. Texas Roadhouse long term debt for 2021 was $0.723B, a 5.15% decline from 2020....Compare TXRH With Other Stocks.Texas Roadhouse Annual Long Term Debt (Millions of US $)2020$7622019$5392018$2017$529 more rows
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 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 is Texas Roadhouse doing financially?
Texas Roadhouse looks to be in great financial health, better than any restaurant company I have ever looked at. Let's start with the cash line. As of June 28, 2022, they have $180,411 million in cash and equivalents with total current assets of $281 million.
What is a managing partner at Texas Roadhouse?
Texas Roadhouse is looking for a legendary Managing Partner. As a Managing Partner (General Manager), you would oversee all facets of operations and be responsible for making sure that Legendary Food and Legendary Service are adhered to at all times.
How many locations does Texas Roadhouse have?
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 many employees does Texas Roadhouse have?
61,600Texas Roadhouse total number of employees in 2020 was 61,600, a 9.28% decline from 2019....Compare TXRH With Other Stocks.Texas Roadhouse Annual Number of Employees202061,600201967,900201864,900201756,3009 more rows
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 .
How many franchise locations do they have?
As of the 2021 Franchise Disclosure Document, there are 69 franchised Texas Roadhouse locations in the USA.
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.
Do they provide any initial training and opening assistance?
Yes, they have an initial training program of 574 hours. This includes 88 hours of classroom training and 486 hours of on-the-job training. In their FDD they outline who’s in charge of the training. Unlock to find out more.
Do they offer Territory Rights?
Texas Roadhouse offers territory protections. For an explanation of territorial rights, unlock this franchise for important details.
Do they have computer and technology support in place?
Yes. Texas Roadhouse offers comprehensive support for franchisees. Unlock this franchise to find out more details.
When did they begin franchising?
They began franchising in 1995. The average Steakhouse franchise began franchising in 1995.
Texas Roadhouse Steakhouse Franchise Opportunities
Texas Roadhouse steakhouse franchise originates from Louisville, Kentucky. It was started in 1993 as a family restaurant where kids and adults ate delicious food and enjoyed the atmosphere. The main dish in their menu is steak in Southwestern cuisine style.
How to open a Texas Roadhouse Steakhouse franchise?
Ensure you have adequate capitalization. In order to open the Texas Roadhouse Steakhouse restaurant, you must have liquid capital required of $200,000
How Much Money Can you Make as a Texas Roadhouse Franchisee?
So you decide that you have the capacity to drop $3M-$4M on a new Texas Roadhouse Franchise store but wondering how much money you will 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.
Royalties, Advertising, and Other Ongoing Costs?
For your advertising and marketing dollars, you may even get some Willie Nelson:
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!
Franchisor Executive Experience
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 founded and co-owned Buckhead Bar and Grill in Louisville, Kentucky. Mr.
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.
Overview
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. The typical Texas Roadhouse serves between 220 and 270 guests, and employs approximately 100 people.
Texas Roadhouse Franchise Opportunities – History
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.
Texas Roadhouse Business Opportunities: Other Information
The Texas Roadhouse Corporation supports Habitat for Humanity International and sponsors a road cycling team. In 2002, country singer Willie Nelson became an official spokesperson for Texas Roadhouse, and consequently each restaurant has a table called “Willie’s Corner” in honor of their long-haired, concert- crooning representative.
How much should you be earning?
Tell us about you and get an estimated calculation of how much you should be earning and insight into your career options.
How much does Texas Roadhouse in the United States pay?
The average Texas Roadhouse salary ranges from approximately $17,000 per year for Dishwasher/Busser to $83,880 per year for Managing Partner. Average Texas Roadhouse hourly pay ranges from approximately $8.70 per hour for Host/Server to $17.97 per hour for Instructional Assistant.
Texas Roadhouse Salary FAQs
How does the salary as a Managing Partner at Texas Roadhouse compare with the base salary range for this job?
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Check out the latest Managing Partner Jobs or see Managing Partner Salaries at other companies.
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…