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- 2022 Franchise 500 Rank
N/R Not ranked last year
- Initial investment
$435K - $962K
- Units as of 2020
2 100.0% over 3 years
Here’s what you need to know if you’re interested in opening a Go Burrito franchise.
Go Burrito pairs fresh California-style burritos with the fun atmosphere of your favorite local hangout. They offer a selection of over 20 fresh ingredients that customers can add to their burritos, salads, quesadillas, and more. They also may offer a serve-yourself salsa bar with several award-winning salsas that are made in-house. The menu offers signature burritos with flavorful combinations to go along with the typical customer-created meals using any available ingredients.
Since the first Go Burrito opened in 2013, the company has provided food that customers may rave about while offering their signature “RumBar,” where local beers, wine, mixed drinks, and nightly entertainment are served.
Go Burrito began franchising in 2016 and is actively seeking to expand its reach throughout the United States.
Why You May Want to Start a Go Burrito Franchise
If you’re interested in bringing fresh food and a fun atmosphere to your local area, becoming a Go Burrito franchisee might be a great opportunity for you.
Go Burrito focuses on providing a great atmosphere for friends to hang out and enjoy themselves. This may be apparent in their nightly entertainment such as karaoke, open mic, trivia nights, and pong tournaments. This may be a dream job for fun-loving and social people who also love quality food.
Opening a Go Burrito franchise may offer a more predictable outcome than investing in a completely new brand that could struggle to thrive in an already crowded and competitive industry.
What Might Make a Go Burrito Franchise a Good Choice?
Go Burrito provides franchisees a build-out toolkit that attempts to leverage key alliances and supports contractor selection, architectural design, fixtures, and equipment.
To be part of the Go Burrito team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising fees and royalty fees. Franchisees will also need to meet the company’s set net worth and liquid capital requirements.
How To Open a Go Burrito Franchise
Before making any financial commitment or signing an agreement with Go Burrito, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the Go Burrito franchising team questions.
There is a seven-step franchising process that Go Burrito outlines for franchisees from the initial inquiry to the grand opening, with company support all along the way.
If awarded a franchise, franchisees receive a great deal of support from the Go Burrito brand throughout the franchising process. In addition to pre-opening training, franchisees may receive support through brand awareness, marketing, research, and construction. Potential Go Burrito franchisees may also receive hands-on training and continued support after their franchise location has opened.
It may be a good idea to speak with an attorney or financial advisor to ensure that you have the necessary financial resources to own and operate a Go Burrito franchise.
About Go Burrito
- Franchising Since
- 2016 (6 years)
- # of employees at HQ
- Where seeking
This company is seeking new franchisees throughout the US.
- # of Units
- 2 (as of 2020)
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Go Burrito 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
Definition: The initial fee paid to a franchisor to join their system
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
- Initial Investment
- $435,000 - $962,000
Definition: The total amount necessary to begin operation of the franchise
What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.
- Net Worth Requirement
Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company
What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.
- Cash Requirement
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
- Royalty Fee
Definition: A ongoing fee paid to the franchisor on a regular basis.
What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.
- Ad Royalty Fee
Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts.
What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.
- Term of Agreement
- 10 years
Definition: The length of time your franchise agreement will last.
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
- Is franchise term renewable?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- Third Party Financing
- Go Burrito 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
- 130 hours
- Classroom Training
- 65 hours
- Ongoing Support
NewsletterMeetings & ConventionsGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionProprietary Software
- Marketing Support
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
Additional details about running this franchise.
- Is absentee ownership allowed?
Definition: Absentee ownership means that the franchisee does not actively work in the franchise business or manage day-to-day operations.
- Can this franchise be run from home/mobile unit?
Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.
- Can this franchise be run part time?
Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.
- Are exclusive territories available?
Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened.
What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.
Interested in franchise ownership like Go Burrito? Request a free consultation with a Franchise Advisor now.
Are you eager to see what else is out there? Browse more franchises that are similar to Go Burrito.
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