TacoTime Franchise Named to the ‘Franchise Times’ Top 200+ List
National publication includes the beloved Mexican food franchise on its annual list of the best-bet franchise systems investments
Franchise Times, a national publication dedicated to connecting entrepreneurs with worthy franchise systems, named TacoTime to their annual Top 200+ list of best-bet franchise investments in October.
The secret is out. The inclusion on the Franchise Times’ prestigious annual list is a testament to franchising efforts the beloved Mexican food franchise launched in 2016. This year, TacoTime launched a new franchise recruitment website to help grow the brand beyond its wildly enthusiastic base in the Pacific Northwest. Founded in 1960, TacoTime has remained true to our core belief that real, fresh ingredients make better food. As a result, TacoTime has grown to nearly 300 established locations. TacoTime has become a customer favorite, growing organically as a result of our popular, proven menu that infuses traditional Mexican fare with a playful sensibility and our commitment to exceptional customer service.
“It is an honor for TacoTime to be recognized as a best-bet investment by Franchise Times,” says Kevin Gingrich, Brand President with TacoTime and the owner of multiple TacoTime franchise locations in Utah. “We’ve been in business now for nearly 60 years, and our franchise owners are beloved members of their communities. In my experience, this is rare in the Mexican QSR franchise space. We’ve seen our competitors come and go, while our franchise owners have been in business for 20, 30 and even 40 years! The TacoTime difference that real ingredients make better food was proven to be successful with baby boomers when our franchise system got going and is continuing now with millennials, who are really concerned with the quality of their food. TacoTime is truly a brand with staying power.”
What makes TacoTime a worthy investment? For a modest initial investment for traditional TacoTime stores ranging from $200,150 to $819,050, a new TacoTime franchise is a remarkably affordable opportunity to take part in the booming $40 billion annual Mexican food industry.
According to our most recent Franchise Disclosure Document (FDD), TacoTime franchise owners are not only running sustainable businesses over the long-term, but system-wide sales are also on the rise. The top 10 percent of TacoTime franchise stores posted average gross sales of almost $1.1 million in 2015 per store, according to the latest Item 19 disclosures in the FDD. This is the second year average sales have approached $1.1 million, and in the coveted Top 10% category, average sales were up almost $20,000 per store, underscoring the consistent performance and growth of the TacoTime brand.
TacoTime posted average gross sales of $571,692 per store in 2015. This figure was up over 2014, when average gross sales came in at $567,884, also reinforcing the brand’s consistent performance in the Mexican QSR franchise market.
“Our franchise owners continued to see sales growth in 2015, and they’re just as excited about the future of TacoTime as we are,” Kevin says. “Looking forward, we’re going to keep growing the brand, adding new franchises and providing our signature quality and service to our brand’s customers.”
A beloved brand in a booming industry. According to CHD Experts™, there are more than 54,000 Mexican restaurants across the nation; IBISWorld® reports that they generate nearly $40 billion in annual sales. Media mentions reflect this huge market — a Google® search of “Mexican QSR” yields numerous articles with titles such as, “For American Restaurant Chains, The Future is Mexican,” published by Bloomberg®, and “Mexican Food Ranks as Top 10 Food of the Decade,” published by Univision®.
In the Mexican QSR franchise space, TacoTime has a menu that is truly something to behold. While offering an assortment of customizable tacos, burritos, salads, nachos and quesadillas, TacoTime has been incredibly inventive. Our wildly popular Mexi-Fries® are our take on tater tots, which can be dunked into one or all of our proprietary salsas, or stuffed with melted cheese and jalapenos. Our Crisp Burritos, all of which are rolled by hand, come in four varieties and pack a lot of flavor into the crunch of a fried tortilla shell. TacoTime goes further than other brands — offering vegetarian options, kids’ meals and an ever-changing array of limited-time and seasonal offerings that keep our customers excited to come back.
“In offering the best tasting food for the best prices, it is very easy to win new customers,” says Denise Staley, owner of several TacoTime franchise restaurants in Wyoming. “However, what makes TacoTime truly unique is how loyal our customers really are. We have folks that come to our restaurants multiple times over the course of the week. When a college student comes home, they often stop at one of my restaurants before seeing Mom and Dad. What other brand can say that about their customers? TacoTime is an experience that people really crave to have again and again.”
Bring TacoTime to your community today
TacoTime is ready for the spotlight. With nearly 300 locations in the United States and Canada, the beloved Mexican food franchise is ready to break out of its home turf in the Pacific Northwest and hit the national stage. TacoTime is looking for entrepreneurs who are passionate about bringing authentic and affordable Mexican food to their communities. To learn more about TacoTime, visit the Franchise Information Portal. Or request the free Franchise Information Report.