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.
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 it cost to open a franchise of 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.
Is Texas Roadhouse a good investment?
18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Texas Roadhouse in the last twelve months. There are currently 5 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" TXRH shares.
What is the royalty fee for Texas Roadhouse?
4.0%The royalty fee for a Texas Roadhouse franchise is 4.0%.
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 money does Texas Roadhouse make a year?
Compare TXRH With Other StocksTexas Roadhouse Annual Revenue (Millions of US $)2019$2,7562018$2,4572017$2,2202016$1,9919 more rows
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.
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.
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.
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.
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.
Does Willie Nelson own Texas Roadhouse?
In 2002, Nelson signed a deal to become an official partner of Texas Roadhouse. Since then, Nelson has heavily promoted the chain, including a special on Food Network. Willie Nelson is the owner of the Texas Roadhouse in South Austin, TX.
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.
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 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 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.
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 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.
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…