Pancheros Mexican Grill

Pancheros Mexican Grill

Mexican food
Units as of 2020
71 (3 years)
4.4%
2020 Franchise 500 Rank
N/R Not ranked last year
Initial investment
$421K - $941K

Company Overview

Pancheros Mexican Grill franchises offer burritos, bowls, salads, tacos and quesadillas with the customer's choice of fillings. Tortillas are pressed fresh in the store, at the time an order is placed. The first Pancheros was opened by Rodney Anderson in 1992, and franchising began in 1995.

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About Pancheros Mexican Grill

Industry
Food
Related Categories
Mexican Food, Food,
Founded
1992
Leadership
Rodney Anderson, President

Franchising Overview

Franchising Since
1995 (26 years)
# of employees at HQ
20
Where seeking
Franchisor is seeking new franchise units throughout the U.S.
# of Units
71

Franchisor Information

Corporate Address
2475 Coral Ct., #B
Coralville, IA 52241

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Pancheros Mexican Grill 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 - $30,000
Initial Investment
$421,325 - $941,000
Net Worth Requirement
$750,000
Cash Requirement
$250,000
Royalty Fee
5%
Ad Royalty Fee
2%
Term of Agreement
10 years
Is franchise term renewable?
Yes

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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
Additional Training
At corporate restaurant
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Site Selection
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
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?
Yes
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
Are exclusive territories available?
Yes

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Franchise 500 Ranking History

Compare where Pancheros Mexican Grill landed on this year’s Franchise 500 Ranking versus previous years.

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The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.
Updated: October 23rd, 2020
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