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Home > Franchises > Taco Bell Corp.
Taco Bell Corp.
A franchise agreement takes place when the concerned parties involved are bound together through certain contractual provisions. This is an arrangement whereby someone with an idea for a business, the franchisor, sells to another person the franchisee the rights to use the business's name, sell a product, or provide a service to someone else. A franchise agreement will usually specify the given territory the franchisee retains exclusive control over the area protection, as well as the extent to which the franchisee will be supported by the franchisor.
Taco Bell Corp. was founded in 1962 and began franchising in 1964. It operates both Taco Bell and Taco Bell Express. A subsidiary of Yum Brands Inc, Taco Bell is affiliated with Pizza Hut, and Long John Silver's. There are Taco Bell locations throughout the United States and the world. The public company is based in Irvine, California. They Franchising since 1964.
Taco Bell has been their most powerful multibrand combination and is clearly one of the best development opportunities in the restaurant industry. Taco Bell multibrand restaurants offer two category leading brands with large national media budgets and complementary day parts. Yum and its franchisees currently operate over 700 Taco Bell restaurants across America, in towns of all sizes. In fact, they have over 285 Taco Bell restaurants in trade areas with populations less than 10,000 people the same population of the trade areas they are currently looking to develop.
Taco Bell costs and fees total investment is 1.1 million dollars to 1.7 million dollars, express or kiosk option available, franchise fee is 45000 dollars, ongoing royalty fee is 5.5 percent, and term of agreement is of 20 years, not renewable. They rankings in entrepreneur magazine 2002 to 2006 franchise 500 rank 35 in 2006, 28 in 2005, 42 in 2004, 6 in 2003, 57 in 2002 and ranked 1 in category in 2006, 2005, 2004, 2003, 2002.
Taco Bell is committed to making their big brands even bigger. Last year alone its franchisees spent more than 600 million dollars in consumer advertising. Taco Bell all has annual promotional calendars featuring a variety of special offers. These promotions are designed to excite customers and increase store’s traffic.
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