Full Answer
See more
What company owns Pollo Tropical?
Fiesta Restaurant GroupPollo Tropical / Parent organizationFiesta Restaurant Group, Inc., owns, operates and franchises Pollo Tropical® and Taco Cabana® restaurant brands. The brands specialize in the operation of fast casual/quick service restaurants that offer distinct and unique flavors with broad appeal at a compelling value.
Is Pollo Tropical a franchise?
Pollo Tropical is NOT a master franchise scheme. We are in the business of running our own restaurants in our home market of the USA, and in international markets we generally award franchises only to those who wish to own and run their restaurants too.
How much does it cost to open a Pollo Loco franchise?
The franchise fee to join El Pollo Loco is $40,000. The total investment to open an El Pollo Loco franchise ranges from $505,000 to $1.1 million. Financing is available from the company. A 4% royalty fee of monthly receipts is paid to the parent company.
Is El Pollo Loco profitable?
Based on the most recent quarters results, we can estimate the average annual profit per unit would be $105,612 per store. El Pollo Loco also reported an increase of 21% from system-wide comparable restaurant sales.
How much does a Wingstop owner make a year?
2021 Wingstop Median Franchise Sales: $1,485,793 Based on the median sales for Wingstop's franchise locations, at an average of a 15% profit margin, it will take around 5.5 years to recoup your investment.
How much is a Wingstop franchise?
Franchise fee: The Wingstop franchise fee is $20,000 per store. There is also a development fee of $10,000 per store. Keep in mind, you're required to open at least three stores. Net worth: Wingstop requires a minimum net worth of $1.2 million.
What franchise is the most profitable to own?
Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•
How much do franchise owners make a year?
According to a survey done by Franchise Business Review involving 28,500 franchise owners, the average pre-tax annual income of franchise owners is about 80,000 dollars.
What is the most successful food franchise?
Top 100 Franchises 2022RankNameIndustry1KFCFood Franchises27-ElevenRetail Franchises3McDonald'sFast Food Franchises4Marriott InternationalTravel Franchises16 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 much do food chain owners make?
They also estimate that the national average is around $65,000 a year. Chron.com estimates a similar range, between $29,000 and $153,000 per year. Finally, simplyhired.com gives a smaller range, with an average of $44,000, with the low end being around $24,000 per year and the top 10% making around $81,000 per year.
What makes Mcdonalds the most money?
While the company is a huge player in the fast-food market, its biggest revenue source is renting its locations to franchisees. As a result, we can think of McDonald's as a real estate empire, more than a fast-food chain. This model provides McDonald's with a steady revenue stream from rent and royalties on food sales.
Is Tropical Smoothie corporate or franchise?
1 Tropical Smoothie Cafe, the fast-growing national franchise brand known for its better-for-you smoothies and food with a tropical twist,…
Who owns McDonald's franchise in Philippines?
Golden Arches Development CorporationGolden Arches Development Corporation is the master franchise holder of McDonald's in the Philippines. It has successfully made the international brand an all-time favorite quick-service restaurant among the Filipinos for several decades.
How much will it cost to franchise Turks?
Franchise Fee: PHP 1,000,000. Investment Capital: PHP 1.6m - 3.4m.
Why is Pollo Tropical only in Florida?
You'll only find U.S. Pollo Tropical locations in Florida Well, that's because you're only going to see these restaurants in Florida in the U.S. It all started in Miami in 1988. At the time, most fast food places were all offering the same thing: hamburgers and the occasional chicken sandwich.
What is a Pollo Tropical Franchise?
Pollo Tropical Franchise has the opportunity to own a part of an international product with a legitimate line record. These constructs became the business model in which franchisees were guided throughout the ownership process and the successful operation of Franchise opportunities. This results in a situation where their franchisees are assured of the success of their franchisees.
How much does it cost to start a pollo tropical?
The startup cost consists of a liquid cash requirement ranging from $ 1,500,000 to $ 5,000,000. Candidates for the franchise election are expected to have an estimated need of $ 5,000,000.
How many stores does Pollo Tropical have?
Currently, the Pollo Tropical Franchise has more than 170 stores in the United States. Its stores are located in the states of Georgia, Tennessee, Florida, ...
Why are franchisees trained?
New franchisees are trained in all aspects of the business to ensure that they succeed in running their own stocks with few chances of failure. In lieu of support, a robust sponsorship network is provided to franchisees to help them overcome initial challenges with franchise operations.
Where is the Polaro franchise located?
Founded in 1988, the Pollo Tropical Franchise has its corporate headquarters located in Miami, Florida. With Fiesta Restaurant Group Inc. as a company of its parents. The operation of the Polaro Tr tropical Franchise is not limited to the United States, as it has spread throughout the Caribbean including Central America, South America, ...
What is support provided by the restaurant industry?
The support provided includes periodic meetings, a bill line, press releases with current trends in the restaurant industry and restaurants and sales support among other areas of its operations.
Who contacts prospective franchisees?
After this process, the prospective franchisee is contacted by a franchisor representative who makes final arrangements for the meeting between the franchisor and the franchise for the final final decision.
Pollo Tropical
Pollo Tropical® is a quick-service restaurant concept known for its fresh chicken, marinated for 24 hours in a proprietary blend of citrus juices and spices.
About Pollo Tropical
Pollo Operations, Inc. d/b/a Pollo Tropical®, a subsidiary of Fiesta Restaurant Group, Inc. (NASDAQ: FRGI), is a quick-service restaurant concept known for its fresh chicken, marinated for 24 hours in a proprietary blend of citrus juices and spices.
Available Franchise Opportunities
While Pollo Tropical is not currently accepting new applicants on Franchising.com, these other similar opportunities are actively looking for new franchisees.
How much money do you need to franchise a Pollo Tropical?
As for the net worth mandatory minimum, all potential franchisees must provide proof of at least $5 million through verified financial records. If a territorial agreement is being pursued as part of the franchising agreement, then this net worth minimum will be higher. There must also be unencumbered liquid assets that are verifiable and in excess of $1.5 million, which must also be higher in a territorial agreement. The typical Pollo Tropical location typically costs about $1 million to achieve a grand opening and this investment opportunity requires a minimum commitment of 5 restaurants.
Is chicken a good investment?
Restaurants that focus on chicken are becoming a strong investment opportunity across the world today. It’s a lean protein that tastes great, is fairly affordable for the average person, and can be used in a wide variety of ways. If you’re looking to diversify your portfolio or you want a good investment opportunity and want to get ...
Is Pollo Tropical a franchise?
Pollo Tropical isn’t seeking any traditional franchises in the continental United States right now. They are instead seeking out partners for institutional restaurants that will be licensed under the brand name.
