Maybe you’ve been in that moment, chowing down on a chalupa and hating your job, thinking to yourself, “I should just open a Taco Bell and cash in on hungry suckers like me.” It’s not a bad thought, but making it a reality will cost you anywhere between $175,000 and $2.5 million.
This is according to Business Insider, which looked at the costs associated with becoming part of the Taco Bell family.
The cheapest route for someone looking to get into the Bell game is to try to buy an existing franchise, which you could snap up for as little as $175,000, but which could cost you more than a million dollars. Of course, if a franchisee is selling their business, you might want to question their reasons for wanting to unload their Bell, since the average TB brings in sales of at least $1.4 million per year.
Opening a new Taco Bell will run you anywhere from $1.2 million to $2.5 million. This includes construction costs (because you can’t run a full-fledged Bell out of the back of your 1980 Datsun) and the $45,000 franchise fee.
Regardless of whether you’re buying new or used, Taco Bell HQ asks that all potential franchisees have a net worth of at least $1.5 million, including $750,000 in liquid assets. So merely having the $175K to buy a used Bell in a run-down part of town won’t be enough to pass muster.
And after your Taco Bell is open and serving up Gorditas and Dorito-shell tacos, you’ll still need to pay out 5.5% of your gross sales every year to your corporate overlords.
by Chris Morran via Consumerist
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