Post on 30-Nov-2014
description
Josh Harris
• The Franchise I’m going to obtain is Taco Bell.• This Franchise is situated within the food
industry.• The food items which are served make Taco Bell
unique. These items include Volcano Taco and Volcano Double Beef Burrito.
• Slogan: “Think Outside the Bun”
• Is a restaurant chain based out of Irvine, California
• The company was founded in 1946 by Glen Bell.
• Taco Bell became a franchise in 1962
Start-up Info
Name of Fee Low High
Application & Background Check Fee $300 $500
Land and Building -1st month's rent $5,000 $15,000
Initial Franchise Fee $45,000 $45,000
Development Fee Varies Varies
Contingencies $7,500 $7,500
Equipment and Decor 100,000 300,000
Signs $15,000 $40,000
Cash Control Systems $18,000 $30,000
Initial Inventory $4,000 $10,000
Initial Working Capital $15,000 $25,000
Name of Fee Low High
Deposits, Permits, Licenses $3,000 $13,000
Additional Funds (3months) $30,000 $50,000
TOTAL $242,800 $536,000
•It costs approximately 242,800 to 536,00 dollars to start up your own Taco Bell.
•Although there is also ongoing Fees
Name of Fee Amount
Grand Opening Expense
$5,000 to be spent by the franchisee, for advertising the opening
Period Franchise Fee 5.5% of the Unit's Gross Sales
Period Marketing Fee 4.5% of the Unit's Gross Sales, with 1.5% going to the local association and 3% going to the Universal Fund
Late charges The lesser of 18% per annum or the highest rate permitted by California law, plus the then customary administrative charge.
Name of fee Amount
Training materials As established by Taco Bell
Cost of audit of the franchisee’s books
Any and all costs incurred in connection with the inspection
Transfer Fee Ranges from $1,250 to $5,000
Reimbursement of insurance expense
Actual cost of insurance
De-identification costs Actual cost of de-identifying unit
Franchise for Existing Unit
As mutually agreed
1.1. There Names and BusinessThere Names and Business2.2. TermTerm3.3. CapitalCapital4.4. Profit and LossProfit and Loss 5.5. Salaries and WithdrawalsSalaries and Withdrawals6.6. InterestInterest 7.7. Management Duties and RestrictionsManagement Duties and Restrictions8.8. BankingBanking9.9. BooksBooks
1010. . Voluntary TerminationVoluntary Termination
1111. . What happens Upon DeathWhat happens Upon Death
12. Arbitration12. Arbitration
13. Signature of Both Parties13. Signature of Both Parties
1. Burritos 8. Taquitos2. Tacos 9. Pizza3. Nachos 10. Enchirito4. Salads 11. Wraps5. Gorditas 12. Quesadilla6. Chalupas7. Potatoes8. Rice
• Employee turnover is the rate at which an employer gains and loses employees.
• Taco Bell has a 12 % percent turn over rate. • The Taco Bell employees generally earn from 8
to 9 dollars an hour, except the managers which substantially make more.
• The Employees both work part-time and full-time as most people who work there range in ages from 15- 21.
Taco Bell involvement within the Community
Includes:
1. Sponsoring various Sport organizations
2. Giving money to Charity
• According to many sites Taco Bell haven't made any steps towards a no carbon foot print society.
• They scored the worst mark possible which is 0.
• In my opinion, it is Appealing for a few Reasons:
1. Fairly cheap cost compared to other companies.
2. Involved in Charity
3. Is known to make a fair bit of money.
• Skills need from Management are:
1. Planning
2. Organizing
3. Staffing
4. Leading
5. Directing
6. Controlling