- Click on Real Estate and Licensing
- Go into Panda Express Licensing opportunities, click on learn more.
- Panda Express Licensing opportunities page will appear. The page explains about licensing units. ...
- Enter your details and sites details and other information and then submit.
- An authorized member from Panda Express will contact you and will discuss licensing procedure, fee, etc.
Full Answer
How much money to get a Panda Express franchise?
Some other Panda Express franchise cost include:
- Sales tax deposits ($4,500 to $10,000)
- Construction supervision cost ($17,000 to $50,000)
- Architectural design fees ($17,000 to $35,000)
- Non-resettable cash register (s) fee ($6,000 to $8,000)
How much does a Panda Express franchise cost?
Franchise fee: Panda Express has a franchise fee of up to $25,000, with a total initial investment range of $370,700 to $1,552,600. Initial License Fee: Their licensing fee stands at $25,000, and this fee is non-refundable by any means.
Does Panda Express serve authentic Chinese food?
While Panda Express may not be authentic, when you’re a million of miles away from home it seems Panda is your best bet for Chinese food at Stamp. The girls ended up giving Panda an average of 6 out of 10 in terms of authenticity and three out of the four girls would eat Panda again.
How much does a Panda Express employee make?
The average Panda Express hourly pay ranges from approximately $12 per hour for a Cashier and Crew Member to $946 per hour for a Service and Kitchen Team. Panda Express employees rate the overall compensation and benefits package 3.7/5 stars.
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How much does it cost to buy a Panda Express franchise?
How much does a Panda Express franchise cost? Panda Express has a franchise fee of up to $25,000, with a total initial investment range of $426,700 to $2,404,000. The initial cost of a franchise includes several fees -- Unlock this franchise to better understand the costs such as training and territory fees.
Can you own a Panda Express franchise?
Does Panda Express Franchise? Panda Express chooses to be a corporately owned business which makes the Panda Express franchise opportunity nonexistent. Panda Express is a corporation that consists of Panda Inn, and Hibachi-san, and Panda Express.
Is Panda Express a chain or franchise?
Panda Express is an American fast food restaurant chain that serves American Chinese cuisine. With over 2,200 locations, it is the largest Asian-segment restaurant chain in the United States, where it was founded, and is mainly located in North America and Asia (in addition to other countries and territories).
What is the most profitable franchise?
Top 14 Most Profitable FranchisesMcDonald's. Units in operation: 39,360. ... Dunkin Donuts. Units in operation: 12,800. ... Taco Bell. Units in operation 12,800. ... Subway Franchise. Offers Financing: Yes. ... Anytime Fitness Franchise. Units in operation: 4,904. ... Sonic. Royalty: 2.5% - 5.0% ... Planet Fitness. Royalty 7.0% ... Orangetheory Fitness.More items...
What is the cost of a Starbucks franchise?
What are the Financial requirements for a Starbucks licensed store? You need to pay the licensing fee of between $50,000 – $315,000 and you must have over $1,000,000 in liquid assets to be considered for a licensed store by Starbucks.
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 Panda Express franchises are there?
Founded in 1983 at the Glendale Galleria in Glendale, California, Panda Express is America's favorite Chinese restaurant. With more than 2,300 stores, 47,000 associates and $3 billion in sales, Panda Express is the largest family-owned and operated Asian dining concept in America.
Can you franchise a Chipotle?
As of 2022 all Chipotle Mexican Grill restaurants are company-owned and the company doesn't offer franchising at this time. For the reason that you can't open a Chipotle fast food restaurant, please visit our franchise directory where are a lot of relevant franchises to view.
What company owns Panda Express?
Panda Restaurant GroupPanda Express / Parent organizationPanda Express is a subsidiary of the Panda Restaurant Group, Inc. The Panda Restaraunt Group was founded in 1973 by Andrew Cherng and his father, Ming-Tsai Cherng. Their first restaraunt chain they opened up is Panda Inn, in Pasadena, California.
Which franchise is the cheapest to own?
12 best low-cost franchises for aspiring business ownersCruise Planners. Franchise fee: $10,995. ... Fit4Mom. Franchise fee: $5,495 to $10,495. ... Chem-Dry. Franchise fee: $23,500. ... Jazzercise. Franchise fee: $1,250. ... Stratus Building Solutions. ... SuperGlass Windshield Repair. ... Mosquito Squad. ... Pillar to Post Home Inspectors.More items...•
Is buying a franchise a good investment?
If you're a fledgling entrepreneur or a seasoned business person wanting to diversify your holdings, you've probably wondered, “Are franchises a good investment?” The simple answer is yes, especially if a great opportunity presents itself. There is an obvious appeal to starting a business via buying a franchise.
What is the most profitable franchise to own in 2022?
Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•
Can you franchise a Chipotle?
As of 2022 all Chipotle Mexican Grill restaurants are company-owned and the company doesn't offer franchising at this time. For the reason that you can't open a Chipotle fast food restaurant, please visit our franchise directory where are a lot of relevant franchises to view.
What fast food restaurants are franchised?
Here are the most popular 10 fast food franchises in the USAMcDonald's. Founded in: 1955. Franchising since: 1955. ... BURGER KING. Founded in: 1954. ... SUBWAY. Founded in: 1965. ... KFC. Founded in: 1930. ... Checkers and Rally's. Founded in: 1986. ... DAIRY QUEEN. Founded in: 1940. ... Dunkin' Donuts. Founded in: 1954. ... Taco Bell. Founded in: 1962.More items...
How much money do you need to open a Chipotle franchise?
Estimated Chipotle Franchise CostType of ExpenditureEstimated AmountLowHighChipotle Franchise Fee (if they franchised)$20,000$25,000Real Estate Purchase or Lease(may vary substantially based upon the location)Site Preparation and Completion Costs$150,000$400,00011 more rows•Jul 19, 2022
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.
What is the Panda Express?
Panda Express is a success story that shows how hard work and belief in a concept can do great things. In 1973 Mr. Andrew Cherng opened the first Panda Inn in Pasadena California beside his father, Master Chef Ming-Tsai Cherng. Panda Inn was one of the first restaurants to introduce Mandarin and Szechuan cuisine to Southern California.
Does Panda Express pay employees?
Panda Express is actively involved in many charity and humanitarian initiatives and pays employees higher wages to retain quality staff.
Is there a good news about the Panda Express franchise?
There is good news and bad news regarding the acquisition of a Panda Express Franchise. The bad news is you can’t buy a Panda Express for any price as every single store is. corporately owned and operated and always has been. The good news is that right now there are several food style franchises. that are poised to be the next “Panda Express ...
Is Panda Express available in the USA?
Unfortunately Panda Express is not available at any price in the USA.
What is the Panda restaurant?
Panda Restaurant Group, the world leader in Asian dining experiences and parent company of Panda Inn, Panda Express and Hibachi-San, is dedicated to becoming a world leader in people development. Whether through sharing good food with guests or providing opportunities for professional and personal growth with associates, all are embraced in a genuine family environment that is uniquely Panda.
Is it a good idea to buy a franchise?
As with all business ventures, a franchise is not a guaranteed success. The pros to buying into a franchise include the brand recognition. By purchasing a franchise of a company that already has a strong following, you are opening yourself up to their customer base. Very few people think about the franchise owner behind the restaurant, only the brand. They know that they ate there before and enjoyed it. This gives your restaurant instant credibility and a wider selection of potential customers.
Is Panda Express popular?
Panda Express is very popular among people who have tried it. They have cultivated and maintained a loyal following with their consistent quality and innovative recipes. Because of this, a new franchise owner can expect to draw in customers who have already tried Panda Express and enjoyed it, as well as those who have not yet tried it, but are curious.
Can you open a restaurant on your own?
Opening a restaurant on your own leaves you without the name brand. You will not have hundreds of thousands of people who have already tried the product and want to have it again. You will have to entice them to come in and try your product and hope that they like it. And if they like it, you have to hope that they tell their friends.
Is Panda Express a positive company?
Panda Express is currently enjoying a positive net growth, meaning that more of their restaurants are opening than closing. Their current net growth score is 78. This is very promising for prospective owners. This means that the restaurants that are opening are finding success and able to sustain themselves, as well as grow.
When did Panda Express start?
In 1983 , the first Panda Express provided the opportunity to share the bold flavors of Chinese cuisine with their guests. A family's inspiration to bring people together began in Glendale, California and is now available around the world.
What does it mean to find the best franchise?
Finding the best franchise means comparing several brands to determine the ideal fit for you.
Are there any Panda Express franchise opportunities near me?
Based on 2021 FDD data, Panda Express has franchise locations in 34 states plus DC. The largest region is the South with 79 franchise locations.
How much is a Panda Express franchise?
The initial cost for setting up a Panda Express franchise is estimated by the company at between $377,100 and $1,884,000 (Item 7, FDD 2021). This includes licensing fees, the first three months’ rent, insurance, and the equipment and supplies to get the restaurant running.
How much does it cost to license a Panda Express?
The initial licensing fee for taking on a Panda Express restaurant is $25,000 (Item 6, FDD 2021). For franchisees with established relationships with the brand and multiple stores, there may be room to negotiate, and the company has gone as low as $7,500, but this fee won’t be negotiable for new franchisees.
Is Panda Express for you?
If you’re looking for a growing, popular brand in the restaurant market then Panda Express is a strong choice. Its limited franchising may make it harder to get a franchising agreement, but if you can get one, then it will be for a venue with a captive audience and good brand recognition.
What are the advantages of franchising?
Franchising itself brings several advantages, including training and support from the franchisor, a well-recognized brand and its marketing power, a tested business model, and a business that will be easier to sell when you are ready to retire.
Is Panda Express profitable?
Panda Express stores are clearly profitable, as shown by the company’s healthy financials. How profitable they are for individual franchisees is harder to judge.
Do you need a location to franchise Panda Express?
You don’t need to have a location in mind before entering a franchise agreement with Panda Express. However, they will need to approve the location, and options are limited to the “captive” venues listed in the FDD, such as airports, campuses, and hospitals (Item 1, FDD 2021).
Is franchising restaurants selective?
Even when franchising restaurants, the company retains tight control, and it’s very selective in where restaurants can be set up. Its original growth was based on shopping mall food courts, and the company retains control of these locations.
How long does Panda Express rent?
The rent estimates contemplate three months’ rent, and the range is based on various Panda Express Restaurant venues throughout the country.
What is the range of figures stated for a Panda Express restaurant?
The range of figures stated for a Panda Express Restaurant is the cost of reasonable renovation or leasehold improvements and may be less if the lessor provides a construction allowance to lessee.
Is Panda Express refunded?
Amounts paid to Panda Express are non-refundable unless otherwise noted. Amounts paid to suppliers/vendors are refunded according to arrangements you make with the vendor, if any.
Does Panda Express charge for training?
Panda Express can also charge a fee for training of additional and/or subsequent personnel.
Does Panda Express have liability insurance?
You must maintain in force at all times policies of insurance covering various risks and issued by carriers Panda Express approves. Policies must name Panda Express and its affiliates as additional insured for Liability policies and meet other coverage criteria as specified by it in the Manual or otherwise. Panda Express specifies the types and amounts of coverage required under these policies and can require commercially reasonable adjustments from time to time.
