2/10

Franchimp Summary Rating

3 /10
Higher than 71% of peers

Franchise Summary

Description
As a Margaritas Restaurant franchisee you will operate a casual restaurant, bar and lounge under the name 'Tio Juan’s Margaritas Mexican Restaurant', featuring Mexican cuisine with authentic Mexican influences for dine-in and carry-out ('Margaritas Restaurant').
Corporate Structure
MFC is a Delaware corporation, incorporated on October 27, 2008, whose principal business address is 273 Locust Street, Suite 200, Dover, New Hampshire 03820. We are an affiliate of Margaritas Management Group, Inc. ('MMGI'). MMGI has the same principal address as MFC. We do business under the name 'Tio Juan's Margaritas Mexican Restaurant' and 'Margaritas Mexican Restaurant & Watering Hole.' We do not operate any Margaritas Restaurants. MMGI has operated Margaritas Restaurants since 1984. As of December 31, 2021, MMGI operated 18 Margaritas Restaurants. Our agents for service of process in various states are listed in Exhibit A. In April 2009, we began offering franchises for Margaritas Restaurants. As of December 31, 2021, there were seven franchised Margaritas Restaurant open. We have not previously offered franchises in any line of business, and we do not engage in any business not described in this Item 1. MMGI does not provide products or services to our franchisees. MMGI has never offered franchises in this or in any other line of business. Except as identified in this Item 1, we have no parents, predecessors or affiliates.

Earnings Transparency

1 /10
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

Franchise Types Available

# Type Investment Fees

Employee Contact Database

# Name Position Phone Number Email Address

Distribution of Tio Juan's Margaritas Mexican Restaurant Franchisees

Tio Juan's Margaritas Mexican Restaurant Franchise System Development in 2021

FAQ

How much investment do I need to start my own Tio Juan's Margaritas Mexican Restaurant business?
Franchisees typically require at least $488 to $2 investment to get their Tio Juan's Margaritas Mexican Restaurant business started
What are the initial franchise fees for Tio Juan's Margaritas Mexican Restaurant?
Franchisees typically need to pay at least $85 in fees directly to Tio Juan's Margaritas Mexican Restaurant in order to earn the right to launch their business
How much money can I make with a Tio Juan's Margaritas Mexican Restaurant franchise? What are the average revenues for a typical Tio Juan's Margaritas Mexican Restaurant business?
We haven’t done the math on how much revenue a typical Tio Juan's Margaritas Mexican Restaurant brings in each year. We estimate that other franchisees in the Food & Beverage industry generate $1,201,697 revenue, so we would expect Tio Juan's Margaritas Mexican Restaurant to generate a similar amount
How long do I need to commit to running a Tio Juan's Margaritas Mexican Restaurant unit? What is my contractual commitment?
Tio Juan's Margaritas Mexican Restaurant franchisees are typically required to sign up to a 10 year contract initially. The renewal length is 5 years. You can of course exit early but don’t expect to get any refund!

Accessibility

3 /10
The Franchisor's investment costs ranges from $488,800 to $2,932,600 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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