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TacoTime
 

TacoTime continues to provide and improve our system for quick-service Mexican restaurants that have stood the test of time for 40 years. TacoTime quality, focus on customer service, franchisee support and existing new products make us the innovative leader of high-quality Mexican food.

Franchisor Background

Year Established:

  1959

Franchising Since:

  1961

IFA Member



Operating Units:

Franchised Units:174 100%  
Company-Owned Units:0 0%  
 ______ _____  
Total Operating Units:174 100%  
 

Geographic Distribution:

U.S.:270 65.7% In 14 States
Canada:136 33.1% In 0 Canadian Provinces
International:5 1.2% In 0 Foreign Countries
 ______ _____  
Total:411 100%  
 

North America:

States/Provinces with the largest number of operating units:
DensityUnits    
1. Oregon46
2. Utah46
3. Idaho26

Registered in Following Registration States:

   California, Florida, Hawaii, Illinois, Indiana, Michigan, Minnesota, New York, North Dakota, Oregon, South Dakota, Virginia, Washington, Wisconsin, District Of Columbia

Financial Requirements

Investment:

Minimum Net Worth:$300K
Cash Investment:$100-150K
Total Investment:$145.1-721.3K
Average Total Investment:$433K
 

Fees:

Initial Franchise Fee:$30K
Average Franchise Fee:$30K
On-Going Royalty:6
Average Royalty:6%
Advertising Fee:4%

Average Number of Employees:

   4-5 Full-time, 15 Part-time

Space Needs (in square footage):

   1,400-2,500

Preferred Sites:

   Free-standing Building, Strip Center, Regional Mall

Other Sites:

  

Encourage Conversions?

   Yes

Earnings Claims Provided?

   No

Listed in the SBA Registry?

   No

Support and Training

International Franchise Association:Yes
Canadian Franchise Association:No
Franchisee Association/Member:Yes, Member
Size of Corporate Staff:250
Site Selection Assistance?Yes
Lease Negotiation Assistance?Yes
Financial Assistance?No
 

Marketing Support:

Co-Op Advertising:Yes
National Advertising:Yes
Regional Advertising:Yes
Local Advertising:No
Marketing Materials:None Specified
Additional Services:None Specified
Other Marketing Support:None Specified
 

On-Going Support:

Central Data Processing:Not Applicable
Central Purchasing:Not Applicable
Field Operation Evaluation:Included in Fees
Field Training:Included in Fees
Initial Store Opening:Included in Fees
Inventory Control:Included in Fees
Franchisee Newsletter:Included in Fees
Regional or National Meetings:At Additional Cost
800 Telephone Hotline:Included in Fees
 

Training:

1. Scottsdale, AZ1 Week
2. Local Franchise1 Week
 

Franchisee Qualifications

Ranked from 1 (unimportant) to 5 (important):
 
Financial Net Worth:5
General Business Experience:4
Specific Industry Experience:3
Formal Education:4
Psychological Profile:5
Personal Interview(s):5

Minority Representation

Units Owned by Minorities:

African-American:0
Asian-American:4
Hispanic:0
Native American:0
Other:7
Specific Minority:Financing Referrals, Flexibility in Store, Lease Negotiations, Managerial Training, Mentoring

Terms of Contract

Term of Initial Contract:10 Year(s)
Term of Renewal Period:10 Year(s)
Passive Ownership:Not Allowed
Area Development Agreements?Yes, for 0 Year(s)
Sub-Franchising Contracts?Yes
Franchisees Allowed to Expand Within Territory?Yes

Expansion Plans

Projected New Units Over Next 12 months:

   12
U.S.:Yes, All United States
Canada:Yes, Western Province
Overseas:Yes, Master Licensing Agreement -- Asia
 
 
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