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.
See more
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.
How much does a Texas Roadhouse store owner make?
Texas Roadhouse Salary FAQs The average salary for a Managing Partner is $146,358 per year in United States, which is 26% lower than the average Texas Roadhouse salary of $198,336 per year for this job.
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.
Are Texas Roadhouse franchised?
After all, Texas Roadhouse is a franchise where you can own and operate your own restaurant.
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.
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
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?
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.
How many Texas roadhouses are there?
Company Description: Texas Roadhouse opened its doors in 1993. Since then, the company has grown to more than 580 locations in 49 states and 22 international locations in nine foreign countries. Texas Roadhouse is famous for its hand-cut steaks, fall-off-the-bone ribs, made-from-scratch sides, and fresh-baked bread.
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
What is a managing partner at Texas Roadhouse?
Texas Roadhouse is looking for a legendary Managing Partner. As a Managing Partner (General Manager), you would oversee all facets of operations and be responsible for making sure that Legendary Food and Legendary Service are adhered to at all times.
How much is Texas Roadhouse net worth?
$6.32BHow much a company is worth is typically represented by its market capitalization, or the current stock price multiplied by the number of shares outstanding. Texas Roadhouse net worth as of October 18, 2022 is $6.32B.
What is Texas Roadhouse net worth?
$6.24 billionTexas Roadhouse has a market cap or net worth of $6.24 billion as of October 14, 2022, making it the 957th biggest public company in the US. Texas Roadhouse's market cap has increased by +0.80% in one year.
What is Texas Roadhouse?
Texas Roadhouse is a chain of steakhouses with a decidedly Western theme and a robust menu of steaks, ribs, chicken and seafood. The restaurant brand has won several national cooking championships with their ribs and steaks. Texas Roadhouse takes special pride in their steaks, always fresh-cut in the restaurant, never frozen.
How many Texas Roadhouse locations are there?
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.
What is corporate catering?
Corporate Caterers is a corporate catering franchise that only deals with business professionals. Their low cost of entry and flexible business hours makes this the perfect franchise opportunity for those looking for a work/life balanced business. They assist with site selection, facility design/layout, opening, operations, marketing, and more. Become a partner today!
What is Capriotti's sandwich shop?
Capriotti's Sandwich Shop is known for its unique culture, family-friendly atmosphere, high-quality ingredients, and a commitment to delivering outstanding customer service. If you’re looking to own a restaurant franchise with a sound business model, a low investment, high ROI, and food you’re always proud to serve, Capriotti's is the perfect opportunity for you.
When was Texas Roadhouse opened?
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.
Is Texas Roadhouse a franchise?
Texas Roadhouse Steakhouse is listed in the Franchise Directory under the Food category. It's also listed in the section for Franchises Under $250,000 .
Is Texas Roadhouse steak frozen?
Texas Roadhouse takes special pride in their steaks, always fresh-cut in the restaurant, never frozen. Texas Roadhouse helps bolster its Western theme with servers who learn to line dance and perform throughout the night to popular country songs.
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 .
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 offer Territory Rights?
Texas Roadhouse offers territory protections. For an explanation of territorial rights, unlock this franchise for important details.
When did they begin franchising?
They began franchising in 1995. The average Steakhouse franchise began franchising in 1995.
What is franchise grade?
Franchise Grade is dedicated to providing research and education that can help you make confident franchise investment decisions.
Is Texas Roadhouse franchising?
Based on our most recent research, Texas Roadhouse is not franchising in the US at this time.
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 marketing do you need to spend on a restaurant in Texas?
You must spend 2% of the Gross Sales of the Restaurant each month on marketing for the Restaurant in its Area of Primary Responsibility. All of yoru marketing must be approved by Texas Roadhouse corporate before you use it.
How much does a Texas Roadhouse franchise cost?
Are you interested in getting into a Texas Roadhouse Franchise but wondering the investment cost? We reviewed the Franchise Disclosure Document and found the initial estimated investment for a new Texas Roadhouse Franchise to be a range from $2,790,500-$4,963,500. This amount must be capitalized with equity of not less than $800,000 or 25% of the total estimated project cost, whichever is higher and includes an initial franchise fee of $40,000.
How long does it take to become a restaurant manager?
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 additional Managers must begin the initial training program.
What percentage of sales is marketing fund?
Marketing Fund: 0.3% of Gross Sales (Regional and National Marketing, capped at 2.5%)
Where is Texas Roadhouse located?
Texas Roadhouse was founded on February 17, 1993, at the Green Tree Mall in Clarksville, Indiana; across the Ohio River from Louisville. Founder W. Kent Taylor lived in Colorado and worked at nightclubs and restaurants there, having aspirations to attend a culinary school. In 1990, Taylor returned to his hometown of Louisville. He began work as a Kentucky Fried Chicken manager, and had dreams to open a Colorado-themed restaurant.
Is Texas Roadhouse a good franchise?
Is Texas Roadhouse a good franchise investment? Well, that depends. If you invest $3.5M and get a return just north of $500,000, that equates to a 14.2% return on investment. You will want to discuss this with a financial adviser to see if this is a good investment for your particular situation.
Is Texas Roadhouse publicly traded?
Today, Texas Roadhouse is publicly traded and is famously know for its buckets of peanuts and free rolls. The brand has more than 500 locations across the US.
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.
