Filipinos love food. From Chinese to Japanese cuisine, American to Italian food, it is not surprising to see a lot of us enjoying all the food available around the world. One of the all-time favorites not only of individuals but also families is Taco Bell. With the high numbers of Taco Bell stores in the country, have you ever wonder how a Taco Bell franchise would cost?
Since Taco Bell is a global brand, it is not a surprise to see businessmen and OFWs franchising the brand. Since it’s under a world-known company, many people are not afraid of franchising it because of its financial return.
If you are looking to franchise the brand, what are the things you need to keep in mind? Don’t worry! We prepare this detailed Taco Bell franchise list containing everything that you need to know.
How Did Taco Bell Start?
After serving in the Marine Corps, Glen Bell decided to shift careers and become a businessman. Since the war already ended, he was thinking of how people would engage in recreational activities. He then opened a hot dog stand named Bell’s Drive-In. He also changed this concept and added hamburgers on the menu but after the rise of McDonald’s, he opted for another alternative.
Being a fan of Mexican food for takeout, Glen bought of doing it fast yet still maintaining the taste and freshness since tacos are only available if you are willing to wait. He thought of perfecting the preparation of fast tacos.
Glen still continued to sell hot dogs and serve tacos on the side for only 19 cents. Luckily, the first customer who tasted it brought luck to his business and it was sold out quickly. Later on, Glen and his partner called in Taco Tias. However, the restaurant was eventually sold to his partners. This gave Glen the opportunity to build the first Taco Bell.
Taco Bell’s very first branch was built in 1962 in Downey, California. In 1977, he sold a number of Taco Bell units to PepsiCo which gave him the opportunity to be a major shareholder of the company. Other innovations were introduced to Taco Bell’s menu, which was a success as well.
In the Philippines, Taco Bell opened its very first store back in 2004. It’s owned and operated by Philippine Pizza Incorporated, the company behind the franchise of Pizza Hut. With its 12 years in the country, Taco Bell is still a popular snack treat to Filipinos. It’s a go-to place of young and busy professionals who want to indulge in a meal in a fast manner. It is also a perfect snack and even a meal option for those who don’t want to wait longer for their food.
Taco Bell Franchise Details
If you are interested to have a Taco Bell franchise, here is the information that you need.
- Initial Investment – $1,177,300 to $2,620,600
- Net-worth Requirement – $1,500,000
- Liquid Cash Requirement – $750,000
Assets and Costs
The total investment needed to purchase a new Traditional Unit or a Power Pumper is between $1,177,300 to $2,620,6000. This includes $70,000 to $95,000 that you need to pay to a franchisor or an affiliate.
- Initial Franchise Fee – $45,000
- Monthly Service or Royalty Fee – 5.5% of your gross sales
- Ad Royalty Fee or Marketing Fee – 4.25% of your gross sales
If you cannot cover the finances upon start-up, Taco Bell offers financing options if you are an interested franchisee. It has relationships with third-party sources who can offer financing to cover the start-up costs of the equipment needed.
- You must have a strong background in multi-units restaurant operations.
- You should be a team builder with very strong leadership qualities.
- You should have strong geographical and marketing knowledge.
- You should be financially stable.
- You should be an established and experienced entrepreneur.
What Are The Advantages of a Taco Bell Franchise?
- It is a leading Mexican inspired quick service restaurant brand which is known around the world.
- Has a proven operating system which helps you compete in multi-unit restaurants.
- Has a strong brand awareness.
- Has more than 350 franchises and more than 35% of their loyal franchisees have an established 25 years of handing Taco Bell.
- Offers multi-unit franchise support and other programs that can help you compete with the QSR and other franchise industries.
- Provides access to the Restaurant Supply Chain Solutions, the largest food-buying co-op in the foodservice industry.
Are There Any Disadvantages?
- You need to have a restaurant handling experience.
- There is a huge financial investment.
- They have a stringent franchise process.
Taco Bell Franchise Contact Details
If you want to know more information about Taco Bell Philippines, you may check their website at http://www.tacobell.com.ph/ or follow their Facebook page at https://www.facebook.com/tacobellPHL/.
You may also contact them at (02) 913-2121 and tell the operator that you want to speak directly to a manager or representative.
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