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.
Sign Up for Our Franchise Newsletter
Stay up to date on the latest news and trends affecting the franchise industry.
Related Franchises
Are you eager to see what else is out there? Browse franchises that are similar to TaKorean Korean Taco Grill.
Related Franchise Content
Catch up on the latest franchise news, trends, and more.
'Earth Shaking News': Fans Rejoice Over the Return of 'Retired' McDonald's Cult-Favorite Item
The McRib last appeared on menus in 2022 during the company's self-proclaimed "farewell tour" for the sandwich.
'Timing Really is Everything' — Pro Tips For Aspiring Franchisees
Before diving into the franchise world, it's paramount to identify your personal and professional objectives.
Free Webinar | November 8: Unlocking Financial Freedom: The Side-Hustle Franchise Path
Your aspirations to have an additional source of income can become a reality as a side-hustle business owner — and this free webinar will show you exactly how to do it. Register now →
Unlocking Growth — The Power of KPIs in Driving Franchise Brand Success
Why it's critical to track your franchise goals and objectives.
The 8 Things Franchise Investors Want to See in Your Business
If you're looking for investors, these are the 8 things they are looking for in your franchise business.
This Founder Walked-On to a Top College Basketball Team in the '90s. Today, He and Drew Brees Are Bringing the 'Walk-On Mentality' to Franchising.
Brandon Landry was so determined to play college basketball that he walked-on — tried out with no scholarship and made the team — at a major program. He's brought that same determination to the franchise business with Walk-On's Sports Bistreaux.
