Of the 32,500 well-known QS/fast food restaurants under Yum Brands, Taco Bell is its crown jewel. [7] Several locations in the Midwestern United States were converted from Zantigo, a Minneapolis, Minnesota-based Mexican chain which PepsiCo acquired in 1986. [169] Since then, some Taco Bell restaurants have been closed down including those in Guelph, Hamilton, and Cambridge, Ontario among others. JAB owns chains including Krispy Kreme, Panera, Caribou Coffee, Au Bon Pain, and Pret A Manger, as well as Keurig Dr. Pepper and bottled-water brand Core. Royalty Fee 5.5%. Ad Royalty Fee: $4.25%. As Flynn Restaurant Group continues to redefine what it means to be a restaurant franchisee, Bell American remains a critical component of our overall growth story. There are also plans to open restaurants in other locations, such as Canberra,[184][185] the Central Coast,[186][187] Port Macquarie[188][189] and Toowoomba. It then opened its second store in Bandar Sri Permaisuri, Kuala Lumpur followed by Tropicana Gardens Mall and Setiawangsa outlets. Taco Bell has the franchise fee of up to $20,000, with total initial investment range of $525,100 to $2,622,400. The various campaigns came shortly before the company began its official response to the suit in the United States District Court for the Central District of California and were designed to bring public opinion into their camp. [128], There are currently two locations in Seoul, in the Itaewon and Hongdae districts, which attract the most foreigners and college students. Taco Bell IP Holder, LLC. 1978 Glen sold 868 Taco Bell restaurants to PepsiCo Inc., and became a PepsiCo shareholder. [35] U.S. Taco Co. closed on September 15, 2015, so the company could focus on its new similar Taco Bell Cantina concept, which featured special menu items and served alcohol. 1967 Taco Bell's 100th restaurant opens in Anaheim, CA. Taco Bell may be one of the best franchises to own. In 2016, Taco Bell was named as one of Fast Company's Top 10 Most Innovative Companies in the World. Franchising since: 1964. ", "Taco Bell Express makes fast food look slow", "Co-branding trend has U.S. franchisees seeing double: veteran KFC-Taco Bell franchisee Al Luihn helped pioneer the Yum system's multibranding trend, showing dos and don'ts of ", "Advantages & Disadvantages of Co-Branding Among Franchises", "Tricon To Blend Taco Bell, Long John Silver's", "Tricon Global Restaurants, Form 10-12B/A, Filing Date Aug 20, 1997", "Taco Bell in Mountain View, California | 950 W El Camino Real", "Tricon Global Restaurants, Form 10-Q, Quarterly Report, Filing Date Oct 17, 2000", "Tricon Global Restaurants, Form 8-K, Current Report, Filing Date Feb 15, 2001", "Taco Bell Will Replace Taco Shells from Restaurants. The six-week bootcamp to train future franchise owners is a partnership with the University of Louisville. [178] In 2018, Collins Foods signed a development deal with Yum! Brands, Inc., parent company of Taco Bell, also owns KFC and Pizza Hut. More recently, in November 2021, Taco Bell opened its 77th UK store, and a return to the British Midlands with a store in The Royal Town of Sutton Coldfield, Birmingham. Taco Bell Canada serves delicious and fresh, made-to-order, customisable, Mexican-inspired food. "With all the technological advancements, if you think about it, we're still basically doing the same thing," Lee continued. Definition: A ongoing fee paid to the franchisor on a regular basis. Thats why we put together this complete mailing/telemarketing list containing contact the names, phone numbers and physical addresses of business owners in the franchise system and certain former franchise operators. In 1970, Taco Bell went public with 325 restaurants. Flynn is the first privately held franchise company to crest the $2 billion mark. Overseas, Taco Bell has over 250 restaurants, with plans to add 2,000 more restaurants internationally within the next decade. Gwinnett County, GA:When you purchase this Fast food Franchise for Sale, not only do you get a profitable location but also the benefits of joining a nationwide franchise. But know this: Taco Bell has a mind-numbing 70% market share in the Mexican quick service franchise segment. [196] Taco Bell has fourteen stores in Chile, thirteen of which are operated in conjunction (and in the same facilities) with Pizza Hut. Ongoing Royalty Fee: 5.5%
Brands is a leader in multi-branding, which excels in providing customers with a variety of options and services. Minimum Liquid Cash Required to Qualify: $750,000. Whether youre conducting franchise buying due diligence process or enabling your sales team by getting them in contact with qualified franchise leads, obtaining a current list of Taco Bell franchise owners is critical, but it an be difficult. The deal follows Inspire Brands which already owned Arby's closing on a deal to acquire Buffalo Wild Wings and Rusty Taco earlier in 2018. COVID update: Taco Bell has updated their hours, takeout & delivery options. Terms of Use. [61], On July 1, 2009, Taco Bell replaced 20-year sponsor McDonald's as the fast-food partner of the NBA. Select your Virginia city to find Taco Bell favorites like burritos, quesadillas, nachos, and tacos near you. Taco Bell has some steep financial credentials for franchise owners Rachel Murray/Getty Images Because the cost of opening a Taco Bell is so high, Taco Bell requires that potential investors have a net worth of at minimum $1.5 million, and $750,000 of that should be in liquid assets. Taco Bell endured years of falling sales without ever letting the struggle show, and the effort paid off: The master of hype finally scored #1 on our Franchise 500 list. [25] StarLink was approved only for use in animal feed because of questions about whether it can cause allergic reactions in people. While chains like Burger King, Taco Bell, and Olive Garden have name recognition, many of the biggest brands in the restaurant business are actually owned by mega-companies. Brands, Inc., offers an optional lending assistance program for qualified minorities. Taco Bell's newest development is the Starting Bell program. This experiment lasted only a few years but these locations live on under different ownership and a different name. 2009 commercials for the "Frutista Freeze" frozen drink feature Snowball, an Eleonora cockatoo noted for his ability to dance to human music. - In Canadian currency, the investment comes around CAD 672,600 to CAD 3,358,900. [55] Also, in 2004, Mountain Dew offered Taco Bell stores the exclusive right to carry Mountain Dew Baja Blast, a tropical lime flavor of the popular soft drink.[56]. [14][7] Original Taco Bells only featured walk-up windows without indoor seating or drive-thru service and former original Taco Bell locations still survive while having been repurposed, frequently as other Mexican restaurants. [100], In April 2021, Taco Bell said that it will start reusing hot sauce packets in partnership with the recycling company TerraCycle, aiming to reduce the environmental pollution. They stated that it would go to Taco Bell franchisees and TGR would not take any of it. [29][30] With the purchase of Yorkshire Global Restaurants, the owners of A&W and Long John Silver's chains, Tricon changed its name to Yum! [190], Taco Bell operates several stores in Guam. [166] Taco Bell had operated in the province of Quebec for close to 15 years, however announced its withdrawal on January 6, 2022. [43] These would be followed by further grocery store products including chips in May 2018 [44] and shredded cheese in 2019. [104], On January 6, 2022, Taco Bell launched a digital taco subscription service called the Taco Lover's Pass through the company app. Initial Investment $575,600 - $3,370,100. [19] The chain has since co-branded with Pizza Hut[20] and Long John Silver's as well. We offer detailed franchise research and contact data reports. Read more:The European company that owns Panera and Krispy Kreme has quietly acquired a new bottled-water company in its quest to create a beverage empire. Brands RSC, 1900 Colonel Sanders Lane, Louisville, KY 40213, 502.874.8300, Social Purpose Our Unlocking Opportunity Initiative. [95], In January 2019, Taco Bell nearly doubled its television advertising spending to US$64 million. 40. What Is Taco Bell Best Known for? Taco Bell's franchisee-inspired portfolio is expected to help the company achieve its goals of hitting $20 billion in sales, 50% in digital sales, and 10,000 global locations. 1967 Taco Bell's 100th restaurant opens at 400 South Brookhurst in Anaheim. [37] The 24-hour restaurant serves alcohol, unique menu items, and features a DJ. [89] On September 15, 2016, Taco Bell introduced the Cheddar Habanero Quesarito, a quesadilla shelled burrito. 145 talking about this. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee. Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. HomeNorth American Preliminary ApplicationInternational Preliminary Application Incorporated: 1962 Employees: 70,000 Sales: $3.5 billion (1995) SICs: 5812 Eating Places; 6794 Patent Owners & Lessors Taco Bell Corp. is a California-based fast service restaurant chain that specializes in Mexican-style fast food. Brands, Inc., the same company that owns KFC and Pizza Hut. Franchising began in 1964. The difficult part of this step of the franchise buying due diligence process lies in obtaining a current list of TACO BELL EXPRESS franchise owners. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high. Taco Bell soon became very popular, and today it is a leading fast-food restaurant chain with many units across the country. The fast-food chain partnered with the University of Louisville for the project. In 2004, a local Taco Bell franchisee bought the naming rights to the Boise State Pavilion in Boise, Idaho, and renamed the stadium Taco Bell Arena. Were always looking for great people to serve as hourly employees and managers in Taco Bell restaurants across the country. This then gave Glen the opportunity to build the first Taco Bell. as well as other partner offers and accept our, Inspire Brands CEO reveals his plans for Buffalo Wild Wings' comeback, Sonic's expansion, and more acquisitions, reportedly considering an IPO for Focus Brands, Ten companies control more than 50 of the biggest names in the chain restaurant business, from. Forbes told the story of how Flynn Restaurant Group became America's largest restaurant franchisee and in the process changed the industry. It's one of the best ways to get in touch with owners of Taco Bell franchises around the United States. In 2016, Taco Bell was named as one of Fast Companys Top 10 Most Innovative Companies in the World. The best way to find out who owns one specific franchise is usually to just ask. Current headquarters at 1 Glen Bell Way in, United States District Court for the Central District of California, "Number of Taco Bell restaurants worldwide from 2010 to 2018", "Taco Bell Names Julie Felss Masino Brand President", "Taco Bell co-president Liz Williams talks international growth, and post-Brian Niccol succession planst", "Here's what Taco Bell looked like when it first opened", "The First Taco Bell Will Be Saved from Demolition! If hired, the franchisee will be your only employer. In 1952 he opened his first taco stand called Taco-Tia, and over the years he bought several more taco stands before selling them all off in 1962 to open his first Taco Bell. [99], In January 2021, Taco Bell announced the return of potatoes to the menu after a brief discontinuation in August 2020 in efforts to streamline processes in their restaurants in response to the COVID-19 pandemic. Open a Taco Bell Franchise in your city. If you would like to open a Taco Bell, you'll be asked to have at least $1.5 million in net worth and at least $250,000 in liquid capital. Liquid Cash Requirement: $750,000. "The best hamburger does not always win the race. Taco Bell may be easy to hire for. Top editors give you the stories you want delivered right to your inbox each weekday. Wholly Owned Subsidiary of PepsiCo, Inc. Other items include: the A.M. Crunchwrap, Cinnabon Delights, Breakfast Burrito, A.M. Grilled Sausage Flatbread Melt, Hash Browns, Coffee and Orange Juice. But when I saw Taco Bell made a Waffle Taco, I figured I would get with the times" set to the tune of "Old MacDonald Had a Farm" another shot at McDonald's. Its the easiest way to get honest reviews from franchisees that have already invested in the franchise opportunities youre considering buying. Taco Bell is opening a business school to help employees learn the skills required to become future franchise owners. Darden Restaurants is the Orlando, Florida-based company that owns eight chains, including Olive Garden, LongHorn Steakhouse, and Cheddar's Scratch Kitchen. As costs rise, scale is increasingly crucial in the restaurant business. Taco Bell Corp., a subsidiary of Yum! [197], Taco Bell is present in the Dominican Republic, Aruba, Costa Rica, Ecuador, Panama, Portugal and on AAFES military bases in Germany, Italy, Kosovo, Iraq, Brazil, Guatemala,[198] and El Salvador.