Taco Palace Franchising Corp.
At a Glance
Products & Services: Mexican fast food
Number of Locations:
Total Investment: $99K - 139K
Founded: 1985
Began Franchising: 1997
Private Owned
About Taco Palace Franchising Corp.
Husband-and-wife team Larry and Sandi Faria bought Taco Palace from Kirk Davison in 1985. The Farias had previously owned a pair of Chevron Oil Co. franchises and brought to Taco Palace 16 years of franchise experience. In developing Taco Palace's franchise program, the Farias were driven by the goal to develop a franchisee-friendly system. Taco Palace franchisees are not required to pay a franchise fee and are strongly encouraged to rent or lease an existing building and then dress it up, rather than construct a new one, a practice that helps to lessen start-up costs. The privately held company is headquartered in Monett, Missouri, and has a co-branding relationship with Kentucky Fried Chicken.Startup Costs, Ongoing Fees and Financing
Total Investment: $99,000 - $139,000
Franchise Fee: $33,950
Ongoing Royalty Fee: 0-4%
Term of Franchise Agreement: 1 year+, renewable
Franchise Fee: $33,950
Ongoing Royalty Fee: 0-4%
Term of Franchise Agreement: 1 year+, renewable
Financial Requirements
Net Worth: $100,000
Liquid Cash Available: $35,000
Operations
Number of employees needed to run franchised unit: 12. Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators).How This Franchise Supports Franchisees
Training: Available at headquarters: unlimited. At franchisee's location: 10 days.
Ongoing Support: Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives,
Marketing Support: Ad slicks,
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