- 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.
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.
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...
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.
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.
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.
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...•
Do franchise owners make money?
Franchise Business Review found that the average annual pre-tax income of franchise owners in America is $80,000. Only 7% of franchise owners make more than $250,000 annually, and 51% earn less than $50,000. Legally, franchisors cannot give income amounts or forecasts of future income.
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...•
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 state has the most Panda Express?
Number of Panda Express stores in the United States in 2022 There are 2,192 Panda Express stores in the United States as of October 11, 2022. The state with the most number of Panda Express locations in the US is California, with 599 stores, which is about 27% of all Panda Express stores in the US.
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
Are Panda Express restaurants franchised?
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.
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...
Is Panda Express a private company?
The group has its headquarters in Rosemead, California. Panda Express in the largest Asian-American restaurant chain in the United States, with 2,200 branches....Panda Restaurant Group.Panda Restaurant Group headquartersTypePrivateGenreChinese and Japanese restaurantsFounded1973FounderAndrew Cherng9 more rows
Who is the owner of Panda Express?
Panda Restaurant GroupPanda Express / Parent organization
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 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.
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 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 a Panda Express Franchise Right for You?
Working with Panda Express, you can choose your territory and open your first store in an area that has a need or a craving for their product. While they do not offer territory rights to franchisees, they will assist with locating the perfect spot for your restaurant. They are more than willing to offer tools and support to help your restaurant succeed. After all, your success is their success.
How to keep customers coming back to Panda Express?
Once you have established your Panda Express location and have a solid monthly revenue stream , you’ll want to focus on areas that will keep customers coming back for more. Maintaining high quality standards is the best way to ensure this. With a franchise, the food is expected to taste the same regardless of the location. If a customer tries the Orange Chicken in Tulsa, OK and loves it, but then orders it from you in California and the food is dry, cold, and unflavorful, it will leave a him with a sour impression of Panda Express. Customers, generally, remember poor experiences better than good ones, so you’ll want to ensure that each customer’s expectations are met each and every time they visit. Panda Express has policies in place to help ensure the continuity of flavors and quality across all of their locations. These standards are crucial to maintaining that taste that is so heavily associated with the Panda Express name. Ensuring your restaurant is following the standards will help keep customers coming back.
How much does it cost to open a Panda Express?
It is estimated that opening a Panda Express location and operating it for the first three months will cost between $360,000 and $1,545,000. The major differences between costs including location and size of restaurant space. Real estate prices and costs of living vary greatly in different parts of the country, or world, making it impossible to predict exact start up costs. Regardless, a prospective franchisee must be prepared to have enough capital to support these costs.
How long does a Panda Express license last?
They are currently charging $25,000 for this license and it is non-refundable. The initial license term is 10 years, and it can be renewed for 5 years at a time. The renewal does come with additional fees, but the cost of those fees will be determined at the time of renewal.
When did Panda Express open?
Panda Express opened its first location in 1983 and has been growing steadily ever since. Founders Andrew and Peggy Cherng have developed a model that has proved to be successful time and time again. Since 1983 , they have opened over 1,000 locations in the United States, and have even gone international. As of today, there are Panda Express restaurants in Canada, Guam, Puerto Rico, Dubai, and South Korea.
Why is it important to maintain good employees?
While maintaining customers is important to your business, so is maintaining good employees. It costs money to hire and train new employees. Keeping your staff happy and treating them properly helps ensure they stay with your company longer. All too often, companies forget to treat their employees with dignity and respect, angling that the workers need the company more than the company needs them. This is simply not true. A company needs hard working, loyal employees in order to run at the optimum level. When workers feel abused or taken for granted, their desire to go above and beyond drops and their work performance suffers. It is proven that those who feel appreciated will often do more than expected. When you have that kind of dedication, it can launch your business higher, as customer satisfaction will continue to grow. Unhappy staff and high turnover rates can sink a business almost as fast as unhappy customers.
Does Panda Express offer financing?
To help with this, Panda Express does offer assistance with financing to help you fund your dream of opening a restaurant. If you do not have the liquid capital to purchase the franchise license outright, they will set up payment terms with you. The specific terms of the agreement will depend on many factors, including your credit history, and will be worked out with Panda Express during the process. At this time, they do not offer business loans to help cover other start-up costs, such as building rent and equipment purchases. Should you require assistance with a business loan, you are encouraged to contact your financial institution.
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.
Is Panda Express available in the USA?
Unfortunately Panda Express is not available at any price in the USA.
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 ...
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.
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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.
Do they have computer and technology support in place?
Yes. Panda Express offers comprehensive support for franchisees. Unlock this franchise to find out more details.
Do they offer financing support?
Yes, you can also click here to fill out our affordability calculator and understand your financing options.
What does it mean to find the best franchise?
Finding the best franchise means comparing several brands to determine the ideal fit for you.
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.
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.
Are Panda Express franchised stores 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.
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.
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.
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).
