Franchimp Summary Rating
Lower than 54% of peers
Higher than 97% of peers
Franchise Summary
Description
The franchise is for a Chili’s Grill & Bar or a Chili’s Special Venue restaurant (collectively, "Chili’s Restaurants"). Chili’s Grill & Bar restaurants are full service restaurants featuring a casual dining atmosphere and a full service bar. Chili’s Special Venue is an abbreviated format that typically is based upon reduced square footage and/or a reduced menu.
Company Background
Chili's Grill & Bar is a casual dining restaurant offering a full service bar and relaxed atmosphere. Our mission is to make people happy, one plate at time by serving quality food with warm hospitality. We are committed to creating an environment where employees can thrive and guests can be proud of how they're treated. In other words, Chili's wants you to have the best experience possible when visiting our restaurants or catering from us for your next event.
Franchise Opportunity
Dining out at a restaurant can be a fun and relaxing experience, but it can also be expensive. It's no secret that dining out at restaurants can be expensive. In fact, the average American spends about $44 per week on food eaten away from home. Chili's Grill & Bar offers a casual dining atmosphere and a full service bar without breaking the bank. Plus, we offer great deals on food and drinks so you can enjoy your night out without worrying about your wallet.
Corporate Structure
Brinker International Payroll Company, L.P. was incorporated as a Delaware corporation in June 1987 under the name CBS Development Company. Their name was changed to CRM Payroll Corporation in January 1991 and changed again to Brinker International Payroll Corporation in July 1991. In December 2001 they were converted to a limited partnership and their name was changed to Brinker International Payroll Company, L.P. Their principal offices are located at 3000 Olympus Boulevard, Dallas, Texas 752019.
Royalties and Marketing Fees
Royalties : 1.3% of revenue
Earnings Transparency
This Franchise discloses much less information about the financial performance of their franchisees compared to other franchises in the same industry
Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet
Franchisee Attrition
This franchise's rate of attrition in 2013
of 3.71%
was
Slightly Lower
than the 6% in the Restaurants (Sit-Down) industry. Generally speaking, a higher rate of attrition represents a less stable franchise system and a lower rate of attrition indicates a more successful system
What's Included in franchise attrition?
We define the franchisee attrition rate as the sum of terminations, re-acquisitions by
franchisor, non-renewals, and ceased operations, divided by the number of outlest at the start of the year.
It is a strong indicator of the strength of the underlying operating model
Franchise Types Available
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Employee Contact Database
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Distribution of Chili's Franchisees
Chili's Franchise System Development in 2024
FAQ
How much investment do I need to start my own Chili's business?
Franchisees typically require at least $3,959,695 to $6,354,695 investment to get their Chili's business started
What are the initial franchise fees for Chili's?
Franchisees typically need to pay at least $60,000 in fees directly to Chili's in order to earn the right to launch their business
How much money can I make with a Chili's franchise? What are
the average revenues for a typical Chili's business?
We haven’t done the math on how much revenue a typical
Chili's brings in each year. We estimate that other
franchisees in the Food & Beverage industry generate
$1,201,697 revenue, so we would expect
Chili's to generate a similar amount
How long do I need to commit to running a Chili's unit? What
is my contractual commitment?
Chili's franchisees are typically required to sign up to a
20 year contract initially. The renewal length
is 20 years. You can of course exit early but
don’t expect to get any refund!
Accessibility
The Franchisor's investment costs ranges from
$3,959,695 to $6,354,695
which is
Much Higher
than the $0 to $0 average in the Restaurants (Sit-Down) industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc
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