Tony Roma's

Food & Beverage Restaurants (Sit-Down)

Franchise Summary

Description

The franchisee will operate one or more restaurants under the mark TONY ROMA’S, featuring a wide variety of menu items including ribs, steak, grilled chicken, seafood, sandwiches, salads, appetizers and desserts for dine-in and take-out customers and full bar services, or under the mark TR FIRE GRILL, a chef-inspired American bistrospecializing in artisanal food and beverages using locally sourced, seasonal produce, with full bar services.

Company Background

Tony Roma's is a casual dining restaurant chain specializing in ribs, steak, chicken and seafood. The company boasts over 150 restaurants in the United States and Canada with plans to expand internationally. Tony Roma's was founded by John Young in 1972 when he opened his first restaurant on Detroit Avenue in Cleveland, Ohio.

Franchise Opportunity

You want to open a restaurant, but you're worried about the cost and time it takes to get started. We are here to help cut through all of the red tape and provide an affordable turnkey solution that gets you up-and-running fast. Tony Roma's is one of the most recognized brands in our industry with over 300 locations worldwide. The franchisee will receive everything they need from us including training, systems, marketing support and advertising funds as well as access to our team of experts who can assist them in every aspect of their operation from menu development to staffing needs. Our restaurants are designed for quick service so we can get diners into your restaurant quickly while maximizing your profits by keeping labor costs low and food costs high. This combination allows for great margins even during slow business periods which makes owning a Tony Roma's location an excellent investment opportunity both now and in the future!

Corporate Structure

Roma Franchise Corporation is a Delaware corporation formed on March 29, 1994. Their principal place of business is 1700 Alma Drive, Suite 500, Plano, Texas 75075 and their Global Support Center at 11315 Corporate Boulevard, Suite 100, Orlando, Florida 32817.

Investment and Franchisee Fees

The total investment necessary to begin operation of a new Tony Roma’s Restaurant ranges from $1,973,500 to $3,246,000. This includes $90,000 to $130,000 that must be paid to the franchisor or their affiliates, part of which consists of a development fee and a $40,000 franchise fee for each Tony Roma’s Restaurant. The total investment necessary to begin operation of a Grill Restaurant ranges from $2,314,000 to $3,408,000. This includes the $100,000 to $140,000 that must be paid to the franchisor or their affiliates, part of which consists of a Development Fee and a $50,000 Initial Franchise Fee for each Grill Restaurant.

Employee Contact Database

#	Name	Position	Phone Number	Email Address

Distribution of Tony Roma's Franchisees

Tony Roma's Franchise System Development in 2017

FAQ

How much investment do I need to start my own Tony Roma's business?

Franchisees typically require at least $2,138,500 to $2,138,500 investment to get their Tony Roma's business started

What are the initial franchise fees for Tony Roma's?

Franchisees typically need to pay at least $40,000 in fees directly to Tony Roma's in order to earn the right to launch their business

How much money can I make with a Tony Roma's franchise? What are the average revenues for a typical Tony Roma's business?

We haven’t done the math on how much revenue a typical Tony Roma's brings in each year. We estimate that other franchisees in the Food & Beverage industry generate $1,201,697 revenue, so we would expect Tony Roma's to generate a similar amount

How long do I need to commit to running a Tony Roma's unit? What is my contractual commitment?

Tony Roma's franchisees are typically required to sign up to a 20 year contract initially. The renewal length is 10 years. You can of course exit early but don’t expect to get any refund!

Accessibility

4 /10

The Franchisor's investment costs ranges from $568,020 to $2,528,500 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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