Franchising Status
Eligibility for SBA Loan

Franchisor Background

Year Founded

Year when franchising entity was formed
2006

Parent Company

Corporate owner of franchising entity
Chronic Tacos Enterprises, Inc.

CEO

Chief Executive Officer of Franchisor
Michael Mohammed

Franchise Units

Size of franchisee system
47

Industry

High level industry category
Food & Beverage

Initial Franchisee Requirements

Net Worth Required

Minimum net worth required to be franchisee
$250,000

Liquid Capital Required

Minimum liquid capital required to be franchisee
$100,000

Minimum Investment

Lowest reported franchise investment cost
$294,000

Maximum Investment

Highest reported franchise investment cost
$794,000

Minimum Franchise Fee

Minimum initial fee payable to franchisor
$40,000

Maximum Franchise Fee

Maximum initial fee payable to franchisor
$40,000

Other Considerations for Franchisees

Initial Term

Length of initial franchise agreement
10 years

Renewal Term

Length of franchise agreement if renewed
10 years

Number of Franchisor Lawsuits

Between franchisors and franchisees
0

Number of Director Bankruptcies

Franchisor directors, and franchise entities
0

Distribution of Chronic Tacos Franchisees

Chronic Tacos Franchise System Development in 2017

FAQ

How much investment do I need to start my own Chronic Tacos business?
Franchisees typically require $294,000 to $794,000 investment to get their Chronic Tacos business started
What are the initial franchise fees for Chronic Tacos?
Franchisees typically need to pay between $40,000 and $40,000 in fees directly to Chronic Tacos in order to earn the right to launch their business
How much money can I make with a Chronic Tacos franchise? What are the average revenues for a typical Chronic Tacos business?
We haven’t done the math on how much revenue a typical Chronic Tacos brings in each year. We estimate that other franchisees in the Food & Beverage industry general 0 revenue, so we would expect Chronic Tacos to generate a similar amount
How long do I need to commit to running a Chronic Tacos unit? What is my contractual commitment?
Chronic Tacos franchisees are typically required to sign up to a 10 year contract initially. The renewal length is 10 years. You can of course exit early but don’t expect to get any refund!

Franchises in the Same Industry

Popular Franchises