Pancheros

Mexican food
FREE Franchise Guide!
Franchise 500 2023
Franchise 500 Rank
N/R Not ranked last year
See the Full List
Initial investment
$500K - $1.2M
Units as of 2023
73 Increase 7.4% over 3 years

Pancheros Mexican Grill was the dream child of Rodney Anderson. After spending time in local taquerias while studying for his MBA in Chicago, he realized there was a shortage of quality burrito makers. To fill this gap, Anderson opened his restaurant in Iowa City, Iowa in 1992. Pancheros Mexican Grill has grown from its humble roots to over 70 locations throughout the United States. Of those, more than 40 of them are franchised locations.

Pancheros Mexican Grill offers homemade burrito bowls, fresh-pressed tacos, tortillas, quesadillas, queso, and salads. Pancheros Mexican Grill seeks potential franchisees with an innovative mindset for single or multi-unit franchise licenses. A franchisee should ideally yearn to bridge the burrito demand in their community, just as Anderson did several decades ago.

Why You May Want to Start a Pancheros Mexican Grill Franchise

Pancheros Mexican Grill serves homemade Mexican fare prepared fresh in-house daily. As a franchisee, you may offer a simple, easy-to-master menu. Servings are typically deli-style. Customers may enjoy the large portions and ability to customize their meals. 

Your Pancheros Mexican Grill will most likely feature a display line of the freshest ingredients, emphasizing menu items prepared in-house. The Pancheros Mexican Grill restaurant model has been operating for more than 15 years, depicting a warm, high-energy, industrial branding and décor. 

Pancheros Mexican Grill customers are dedicated to the 'Fresh-Mex' concept and the one-of-a-kind environment.

What Might Make a Pancheros Mexican Grill Franchise a Good Choice?

To be part of the Pancheros Mexican Grill team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. You should also prepare yourself for ongoing fees that include advertising, royalty, or renewal fees. Franchisees will also need to meet Pancheros Mexican Grill's set net worth and liquid capital requirements.

The Mexican food that Pancheros Mexican Grill offers is not a seasonal product. With this in mind, you may be able to reach a diverse, devoted demographic. Although overhead costs, particularly during startup, are high, you and your staff can grow within your exclusive territory. The franchisor's proven tools and models include training, site selection, promotion and marketing, facility design or remodeling, and ongoing education.

How To Open a Pancheros Mexican Grill Franchise

To get started with Pancheros Mexican Grill, submit an inquiry form. Pancheros Mexican Grill may email an official franchise application to you, and a franchise development officer may get in touch once your suitability has been approved. Part of the induction process for a new franchisee with Pancheros Mexican Grill will involve examining their latest Franchise Disclosure Document.

Your Pancheros Mexican Grill development officer will assist with any questions you may have before going through on-the-job training alongside relevant classes. At the corporate restaurant in Coralville, Iowa, new franchisees are taken through discovery day. You'll spend time in an operational Pancheros Mexican Grill while interacting with current franchisees before beginning preparations for your restaurant's grand opening day.

Find Your Perfect Franchise

Company Overview

About Pancheros

Industry Food
Related Categories Mexican Food
Founded 1992
Parent Company Panchero's Franchise Corp.
Leadership Rodney Anderson, President
Corporate Address 2475 Coral Ct., #B
Coralville, IA 52241
Social Facebook, Twitter, LinkedIn, Instagram, YouTube

Business Overview

Franchising Since 1995 (29 years)
# of employees at HQ 22
Where seeking

This company is offering new franchises in the following US states: Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Wisconsin, West Virginia, Wyoming

# of Units 73 (as of 2023)

Information for Franchisees

Here's what you need to know if you're interested in opening a Pancheros 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 Information Circle
$25,000 - $30,000
Initial Investment Information Circle
$500,000 - $1,208,000
Net Worth Requirement Information Circle
$750,000
Cash Requirement Information Circle
$250,000
Royalty Fee Information Circle
5%
Ad Royalty Fee Information Circle
2%-3%
Term of Agreement Information Circle
10 years
Is franchise term renewable? Yes
Take Our Free Franchise Quiz!

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing Pancheros has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

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 136 hours
Classroom Training 20 hours
Ongoing Support
Newsletter
Meetings & Conventions
Grand Opening
Online Support
Field Operations
Site Selection
Marketing Support
Ad Templates
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed? No
Can this franchise be run from home/mobile unit? Information Circle
No
Can this franchise be run part time? Information Circle
No
Are exclusive territories available? Information Circle
Yes
Take our quick quiz to find your ideal franchise

Franchise 500 Ranking History

Compare where Pancheros landed on this year's Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where Pancheros ranked on other franchise lists? Find out below.

Sign Up for Our Franchise Newsletter

Stay up to date on the latest news and trends affecting the franchise industry.

Related Franchises

Are you eager to see what else is out there? Browse franchises that are similar to Pancheros.

Kona Ice

description
Shaved-ice trucks

Code Wiz

description
Coding, robotics, and STEM enrichment classes and camps for ages 7 to 17

Jamba

description
Smoothies, juices, and bowls

Schlotzsky's

description
Sandwiches, pizza, soups, salads

Related Franchise Content

Catch up on the latest franchise news, trends, and more.

Management

5 Strategies for Dealing with High Employee Turnover

High turnover can also lead to decreased morale among remaining staff, inconsistency in service quality and, ultimately, a negative impact on the bottom line.

Franchise

From Hometown Hero to Franchise Partner — 3 Celebrities Collaborating With Their Hometown Brands

From Dunkin' and Ben Affleck to Jersey Mike's with Danny DeVito and Whataburger partnering with Patrick Mahomes, explore how these celebrity endorsements connect with communities and elevate brand recognition.

Franchise

This Entrepreneur Is on a Mission to Eradicate Generational Poverty in the Black Community — And She's Using Franchising to Do It.

Tarji Cater and her organization, The Franchise Player, provide education, opportunities and resources to the Black community, aiming to eradicate generational poverty and build wealth through franchising.

Franchise

What Is the "Hottest" Franchise to Buy?

There has to be a "best" franchise and a "hottest" industry, right? Well, sorry, there is not. Franchise expert Tim Parmeter explains why.

Franchise

The Top 15 Low-Cost Franchises for Under $25,000 in 2024

Looking for an inexpensive franchise to open? Explore the best franchises under $25k, according to the 2024 Franchise 500 Ranking.

Franchise

McDonald's Dives Into Anime Craze — And Flips Its Golden Arches— with WcDonald's Event

McDonald's celebrates anime culture with "WcDonalds," a unique, limited-time event featuring custom manga packaging and themed menu items.

See more franchise content
Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022