- Question:As a Taco Time franchisee, how much money can I expect to make?Answer:
Profitability in TacoTime can depend on many different factors, such as operating costs, rent, what sort of financing terms you may have in place, and most importantly an Owner/Operators ability to run his/her business. With that in mind, it is near impossible to pre-determine what sort of money a franchisee can make.
- Question:How much is it going to cost me to open my own Taco Time?Answer:
We would like to see unencumbered cash of between $ 150,000 - $ 200,000 depending on the concept and the required initial investment
Concept type: Mall – $275,000 - $ 325,000, Drive-Thru - $ 375,000 - $ 425,000, In-line - $ 325,000 – 375,000
Additional locations fee is $ 12,000 per location after the first store.
- Question:How long is the term on the Franchise Agreement?Answer:
The initial Franchise Agreement is for a term of 10 years, with one option to renew for a term of 5 years. Each additional 5 year renewal will require a renewal fee of $ 15,000.00.
- Question:I am interested in buying an existing TacoTime.Answer:
Please look under the Current Opportunities link for all available locations – new and for sale in Canada
- Question:Is it possible for me to own more than one TacoTime®?Answer:
Of course! Many TacoTime franchisees are multi-unit owner/operators.
- Question:Do I need any previous restaurant experience?Answer:
No previous restaurant experience is required. TacoTime looks for individuals with an understanding of general business principles, along with a strong financial rating and the ability to invest in and support a TacoTime. Our training program is designed to provide you with the knowledge and skills required to become a successful TacoTime owner/operator.
- Question:How do I qualify for a TacoTime franchise?Answer:
To qualify for a TacoTime, an individual must have a strong desire to own and operate his or her own successful business, specifically a franchised quick service restaurant. TacoTime looks for high potential owner/operators who are fully committed to the business and to making it a success, as well as an ability to relate well to employees, customers and the community. The need for hard work in the operation of a profitable TacoTime cannot be overemphasized.
- Question:Who sets the TacoTime operational procedures and policies?Answer:
The TacoTime Canada Operations Manual, supplied to every franchisee, clearly defines the standard policies and procedures to be followed by every TacoTime franchisee and employee. A Regional General Manager from the TacoTime Canada head office will visit your restaurant several times a year to provide any assistance you may require while ensuring that the TacoTime standards are being maintained.
- Question:What ongoing fees are required?Answer:
The on-going fees to be paid to TacoTime correspond to the unit’s net sales. These fees include a Royalty 5% and a National Advertising Fee of 4%.
- Question:Where do I buy supplies?Answer:
To maintain consistency throughout all of our restaurants, franchisees are required to purchase items from authorized suppliers who have been engaged by TacoTime Canada to supply our entire system.
- Question:What about advertising?Answer:
A coordinated advertising effort is an essential part of the success that TacoTime has enjoyed over the years. Each franchisee is required to contribute 4% of net sales to a National Advertising Fund. This fund is mostly used to pay for our national radio ad program. TacoTime marketing personnel are available to help eager franchisees grow their businesses by helping to get the most for your local store marketing dollars.
- Question:Is there a risk?Answer:
Yes, there is risk involved in any business venture. However, the combination of a strategically driven, well managed franchise system, appropriate location, quality products, and good on-site management act to greatly minimize this risk. You are encouraged to enlist the services of a professional accountant and lawyer to aid in assessing any specific franchise opportunity.