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Entrepreneur: Start & Grow Your Business

Panchero's Mexican Grill

Fresh-Mex quick-service restaurant

Background

Founded: 1992 Franchising since: 1995
2475 Coral Ct., #B
Coralville, Iowa 52241
Phone:
(888)639-2378


Franchisor is a privately-held company with 18 employee(s)

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2007 35 0 0 15
2006 20 0 0 15
2005 -- -- -- --

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, United states, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming

Exclusive territories available.
Territory size: 50,000 population

Costs and Fees

Total investment: $275K-446K
Franchise fee: $20K-30K
Ongoing royalty fee: 5%
Term of agreement: 5 years, renewable


Type of Financing Available
In-House Third Party
Franchise Fee No Yes
Startup Costs No Yes
Equipment No Yes
Inventory No Yes
Accounts Receivable No No
Payroll No No

Qualifications
Net worth requirement: $750K
Cash liquidity requirement: $250K
Business Experience:
  • General business experience
  • Marketing skills


Training and Support

Training
  • Available at headquarters
  • Available at franchisee's location

Ongoing Support
  • Newsletter
  • Toll-free phone line
  • Grand opening

Marketing Support
  • Regional advertising

Other marketing support
  • Radio & TV