Interested in more about the TacoTime franchise opportunity? Keep reading for our TacoTime FAQ!
How much does a TacoTime franchise cost?
The initial investment estimate for a traditional TacoTime® restaurant is between $331,150 – $762,800. The franchise fee for your first TacoTime franchise is $30,000, and the franchise fee for multiple units may be discounted based on certain conditions and criteria.
For a more detailed look at cost and investment information, please visit the What Are My Startup Costs page.
What are the financial requirements to qualify for a TacoTime Mexican QSR franchise?
To purchase a TacoTime franchise, you will need a credit score of 680, a minimum net worth of $250,000, and the required liquid capital of $150,000.
Will you help me secure financing?
We do not offer direct financing. However, we work with a number of third-party financial institutions that may be able to help you with financing.
Is there a continuing royalty fee?
For a traditional location, the continuing royalty fee is the greater of 6% of gross sales or $400 per week.
What experience do I need?
While you do not need restaurant experience to franchise with TacoTime, we recommend you have a proven track record of managerial experience, an entrepreneurial spirit, and the drive to follow our proven business model as you bring the premier Mexican QSR experience to your community.
Do I have to make my own goods?
Yes! Part of the appeal of the TacoTime brand is that our food is made fresh daily at our stores every morning, from our delicious array of salsas, to our savory tortilla chips and taco shells. TacoTime franchise owners will spend 40 to 120 hours training in one of our restaurants, mastering the art of the Mexican QSR franchise business.
I’ve never built a store before. How does this work?
The TacoTime team will guide you through all phases of the site selection, lease negotiation, construction, training, grand opening and ongoing processes for marketing and operations.
How large a space do I need for an in-line TacoTime restaurant?
A TacoTime in-line store has a small footprint. This makes securing the perfect location for your TacoTime franchise easier, and it makes for a store that is easy to manage, clean and perfect.
How many employees do I need?
We recommend you employ a staff of eight to 12 people, whom you will extensively train to maintain the quality of our products, as well as to ensure your customers have positive experiences in your stores.
Do you offer training and support?
TacoTime has developed an intensive training platform that includes how to manage every aspect of your business. This includes the most important part: correctly preparing and serving the TacoTime products to your customers. We also train you on how to manage your inventory, operate your point-of-sale system, and grow your business. We provide continual reviews to help you meet financial and performance goals, and ongoing coaching to help you market your business to your community.
I’m not a marketing expert. How do I build sales?
Building sales takes effort on many different levels — from running your business with monitored food costs, to strong operations, to local store marketing, to most importantly ensuring that you give every customer a reason to return. The TacoTime marketing team will assist you by creating national marketing initiatives and advertising that are key to building sales. Increasing sales takes diligent effort in all areas of your business.
Is there an advertising fee and what does it cover?
Currently, the advertising fee is 4% of gross sales. Fees go to National Marketing, Brand Building, and Local Restaurant Marketing. Your TacoTime representative will be able to provide additional information.
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