Cheapest Franchise Restaurant to Buy Into
Many investors dream of opening their very own restaurant. But, many people are unable to afford the high cost of buying a franchise. This article will provide some suggestions on which restaurants you can afford to purchase. Here are some of them: Checkers and Rally’s, Papa John’s Pizza, Taco Bell, and Quizno’s. Which franchise is the best?
Checkers and Rally’s
Checkers and Rally’s are the best restaurants franchises. Checkers and Rally’s are both relatively affordable to purchase. Checkers was the country’s largest double drive-thru chain with sales of over $750,000 per location in 2015. Owner operators can expect to earn upwards $135,000 per location, which is quite impressive considering the chain’s fast-casual nature. The Checkers and Rally’s brands are leaders in the industry, with over 800 locations and 30 years of experience. These brands have been growing consistently and providing exceptional customer services.
The chain is getting a major redesign that will make it more modern and attractive to new customers. The company plans to introduce new burger flavors as well as a membership program that rewards frequent customers for frequent visits. Checkers and Rally’s have a double drive-through, which allows more cars and makes them more popular. While the burgers at Checkers and Rally’s are not necessarily healthy, they’re filling a necessary need in the community.
Quizno’s
Quiznos franchises are available for purchase at a cost of between $155,546 – $217,527. The $25,000 initial fee covers the franchise fee. The rest of the money can be used to purchase equipment that can cost anywhere from $5,000 to $7,000. The total investment needed to open a Quiznos restaurant ranges between $202,448 and $250,084. A Quiznos franchise costs less than a Subway franchise if you have the money.
Quiznos is the cheapest franchise restaurant that you can buy into. It is a fast casual restaurant chain with millions loyal customers across the country. Its business model emphasizes convenience delivery and omnichannel selling. This combination is a winning combination that is expected increase franchisee profits. Taco Bell is another great option as the most affordable franchise restaurant. It has almost 7,000 locations across the US. It has a strong brand and offers affordable fees.
Papa John’s Pizza
Papa John’s Pizza is an American franchise that was established in 1984. Its founder, John Schnatter, opened his first location in the back of a tavern in Jeffersonville, Indiana. He purchased pizza-making equipment and ingredients for $1,600 and started selling them right away. The company was publicly traded by the end of the year and had 500 Papa John’s restaurants.
The startup cost for a Papa John’s franchise is $25,000. You will also pay a royalty of 5 percent of net sales every month. As a new franchisee you will need to dedicate around 8 percent of your sales for marketing. Depending on where you are located, the average unit will cost between $300k and $400k. It is typically located in strip centres and can store between 1,200 and 1,400 square feet.
Taco Bell
Taco Bell is the most affordable franchise restaurant you can buy into. It does not require a huge initial investment, but it does have a high staffing requirement. Taco Bell does NOT grant territory protection so you might find yourself in a place with more than one Taco Bell. Franchisees may also have to compete with other Taco Bells for customers.
Taco Bell is the most affordable franchise restaurant, but you should be prepared for substantial expenses. The initial franchise fee can range from $525,000 to $2.6million, with an additional $55,000 per year. Franchisees will have to put in a lot of time and money to get their store up and running. You’ll also have to work hard for little return. The Taco Bell franchise is more likely to close than it opens, unlike other franchises.