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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.
Who owns Pollo Tropical?
Fiesta Restaurant GroupPollo Tropical / Parent organizationFiesta Restaurant Group, Inc., owns, operates and franchises for the Pollo Tropical restaurant brand. The brand specializes in the operation of fast casual/quick service restaurants that offer distinct and unique flavors with broad appeal at a compelling value.
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.
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.
Why is Pollo Tropical so good?
As anyone who has taken Spanish 101 can tell by its name, Pollo Tropical is all about the chicken. They start with fresh, never-frozen, bone-in chicken; marinate it in fruit juices and spices for 24 hours, and then flame-grill it. It's moist, flavorful, and tastes healthy.
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.
Who owns Pollo Rico?
Mike MiceliMike Miceli, chef and owner owner of El Pollo Rico on Pine Island, grew up in his family's restaurants. “My parents started off in the bakery business,” Miceli says.
Who is the CEO of El Pollo Loco?
Laurance Roberts (Mar 10, 2022–)El Pollo Loco / CEO
What states have Pollo Loco?
El Pollo Loco, Inc., is a restaurant chain based in the United States, specializing in Mexican-style grilled chicken....El Pollo Loco (United States)Logo since 2019Entrance to Costa Mesa headquartersHeadquartersCosta Mesa, CaliforniaNumber of locations487Area servedCalifornia, Nevada, Arizona, Utah, Texas, Louisiana16 more rows
How did Pollo Loco get started?
It all began in Guasave, Sinaloa, Mexico in 1975 with a young enterprising man with a dream and a love for fire-grilled chicken. Pancho Ochoa sold everything and opened the first El Pollo Loco in the shell of his former shoe store.
Who is the CEO of Pollo Tropical?
Richard Stockinger (Feb 2017–)Pollo Tropical / CEO
Where did Pollo Tropical originate?
Miami, FLPollo Tropical / Place foundedPollo Tropical is a Caribbean-centric fast-casual chain first started in Miami in 1988. Prominent Burger King franchisee Carrols Restaurant Group owned the brand and Taco Cabana in 2012 when it spun them off as Fiesta.
Is Pollo Tropical a public company?
Miami-based Pollo Tropical and its other Hispanic brands have become part of a new publically-traded company called Fiesta Restaurant Group.
Is Pollo Tropical from Puerto Rico?
Pollo Tropical opened in Puerto Rico in 1995 and expanded internationally in 1997 with franchised locations in Ecuador.
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, ...
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.
Does Mojo have fried chicken?
In addition to its roast chicken, the restaurant offers other regional foods such as Mojo Roast Pork, rice, beans, corn casserole and plantains. [2] . In 2018 the company began offering fried chicken in addition to their traditional wildfire cooking method.
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.
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.
