TaKorean Korean Taco Grill
Korean-inspired tacos and bowls
- 2023 Franchise 500 Rank
-
N/RNot ranked last year
- Initial investment
-
$337K - $782K
- Units as of 2022
-
2 50% over 3 years
Company Overview
About TaKorean Korean Taco Grill
| Industry | Food |
|---|---|
| Related Categories | Asian Food |
| Founded | 2010 |
| Parent Company | TaKorean Franchising LLC |
| Leadership | Mike Lenard, CEO |
| Corporate Address | 1212 4th St. S.E. Washington, DC 20003 |
| Social | Facebook,Twitter,Instagram |
Business Overview
| Franchising Since | 2022(1 years) |
|---|---|
| # of employees at HQ | 3 |
| Where seeking | This company is offering new franchisees worldwide. This company is offering new franchisees in the following US states: Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Missouri, Mississippi, Montana, North Carolina, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Vermont, West Virginia, Wyoming |
| # of Units | 2(as of 2022) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a TaKorean Korean Taco Grill franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
| Initial Franchise Fee
|
$40,000 |
|---|---|
| Initial Investment
|
$337,000 - $781,500 |
| Net Worth Requirement
|
$500,000 |
| Cash Requirement
|
$200,000 |
| Veteran Incentives
|
25% off franchise fee |
| Royalty Fee
|
4% |
| Ad Royalty Fee
|
2% |
| Term of Agreement
|
10 years |
| Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
| Third Party Financing | TaKorean Korean Taco Grill has relationships with third-party sources which offer financing to cover the following: equipment, inventory, accounts receivable, payroll |
|---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| On-The-Job Training | 101 hours |
|---|---|
| Classroom Training | 11 hours |
| Ongoing Support |
Meetings & Conventions
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
| Marketing Support |
Co-op Advertising
Ad Templates
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | No |
|---|---|
| Can this franchise be run from home/mobile unit?
|
No |
| Can this franchise be run part time?
|
No |
| Are exclusive territories available?
|
Yes |
Interested in ownership opportunities like TaKorean Korean Taco Grill? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where TaKorean Korean Taco Grill landed on this year's Franchise 500 Ranking versus previous years.
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