Tony Roma's

Tony Roma's

Ribs, steaks, seafood
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2022 Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$2.2M - $3.6M
Units as of 2020
106 -9.4% over 3 years

Company Overview

Tony Roma’s was founded in 1972 when chef David Smith and Tony Roma experimented with Smith’s secret barbecue sauce in a little restaurant called Tony Roma’s in North Miami, Florida. A hit with customers, the barbecue taste is now the trademark of the more than 225 Tony Roma’s locations across the world.

Franchising since 1979, Romacorp Inc. offers franchises for the traditional Tony Roma’s restaurants as well as a more casual concept called Tony Roma’s Rib Grills. The company is based in Dallas.

About Tony Roma's

Founded
1972
Parent Company
Romacorp
Leadership
John Brisco, President & CEO

Franchising Overview

Franchising Since
1979 (43 years)
# of employees at HQ
10
Where seeking

This company is seeking new franchisees throughout the US.

This company is seeking new franchisees worldwide.

# of Units
106 (as of 2020)

Franchisor Information

Social
Facebook, LinkedIn
Corporate Address
3662 Avalon Park E. Blvd.
Orlando, FL 32828

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Tony Roma's franchise.

Financial Requirements & Ongoing Fees

Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee
$30,000
Initial Investment
$2,182,500 - $3,580,000
Net Worth Requirement
$3,000,000
Cash Requirement
$1,000,000
Royalty Fee
4%
Ad Royalty Fee
0.5%
Term of Agreement
10 years
Is franchise term renewable?
Yes

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training
472 hours
Classroom Training
21 hours
Ongoing Support
Grand Opening
Field Operations
Franchisee Intranet Platform
Marketing Support
Email Marketing

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
Yes
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
# of employees required to run
60
Are exclusive territories available?
Yes

Franchise 500 Ranking History

Compare where Tony Roma's landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where Tony Roma's ranked on other franchise lists? Find out below.

Ranked #181 in 2020

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021