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
- Appreciate the investment required for a restaurant franchise. ...
- Evaluate your prior experience and strengths. ...
- Assess market availability. ...
- Submit your application. ...
- Receive approval & opening your Texas Roadhouse Steakhouse franchise. ...
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.
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How much does a franchise of Texas Roadhouse cost?
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?
Texas Roadhouse currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.
What is the royalty fee for Texas Roadhouse?
4.0%The royalty fee for a Texas Roadhouse franchise is 4.0%.
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 Texas Roadhouse makes the most money?
Texas Roadhouse, Inc employees with the job title Meat Cutter make the most with an average hourly rate of $16.32, while employees with the title Server make the least with an average hourly rate of $6.09.
How much do Texas Roadhouse managing partners make?
Average Texas Roadhouse Managing Partner yearly pay in the United States is approximately $83,880, which meets the national average.
What is the cost of McDonald's franchise?
Documents- ID cards, lease documents, etc. Franchise Investment Cost- In India, if anyone wants to start a McDonald's franchise in India, then their net worth should be between INR 10 to 15 Crore. Also, assets worth INR 5 Crore should be in the form of cash or liquid assets.
Where do Texas Roadhouse steaks come from?
All of our steaks are tender but any of our cuts of Filet are the most tender. At Texas Roadhouse, all of the beef is imported from the US, is USD Acertified and grain finished for 120 days. Ribeye is the most popular in the GCC. We are known for our Hand-cut Steaks and Fall-Off-The-Bone Ribs.
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
Is Olive Garden a franchise?
Olive Garden Franchise Locations Olive Garden is currently franchised in multiple countries in South and Central America, US territories, Canada and the Philippines.
Is Texas Roadhouse profitable?
Profit margin can be defined as the percentage of revenue that a company retains as income after the deduction of expenses. Texas Roadhouse net profit margin as of June 30, 2022 is 6.71%.
What Texas Roadhouse makes the most money?
Texas Roadhouse, Inc employees with the job title Meat Cutter make the most with an average hourly rate of $16.32, while employees with the title Server make the least with an average hourly rate of $6.09.
How much debt does Texas Roadhouse have?
What Is Texas Roadhouse's Debt? The image below, which you can click on for greater detail, shows that Texas Roadhouse had debt of US$75.0m at the end of June 2022, a reduction from US$190.0m over a year.
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
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.
Texas Roadhouse
Texas Roadhouse is a casual dining concept that first opened in 1993 and today has grown to over 580 restaurants system-wide in 49 states and ten foreign countries.
About Texas Roadhouse
Based in Louisville, Kentucky, Texas Roadhouse opened its doors in 1993 and has more than 580 locations in 49 states and seven countries. The family-friendly restaurant is famous for hand-cut steaks, made-from-scratch sides, fresh-baked bread, and a lively atmosphere.
Available Franchise Opportunities
While Texas Roadhouse is not currently accepting new applicants on Franchising.com, these other similar opportunities are actively looking for new franchisees.
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.
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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