Partnership Franchise Project


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Partnership Franchise Project

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