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Panchero's Mexican Grill
Panchero’s is a quick-serve, fresh-Mexican franchise famous for serving tortillas pressed fresh right before its customer’s eyes and filling them with the freshest, highest-quality ingredients. Burritos are customized and mixed with “Bob the Tool” to get every ingredient in every bite. The menu also includes quesadillas, tacos, burrito bowls, salads and homemade salsas. For a fast-casual Mexican restaurant franchise, having roots in Iowa might not sound like a selling point. But Panchero’s Mexican Grill founder Rodney L. Anderson learned a lot from launching and growing his concept in the Midwest. Anderson and his father opened the first Panchero’s location in the college town of Iowa City in 1992, and the simple, taqueria-style restaurant quickly gained a following among students.
Facts & figures
The capital required to open a unit is $250,000. You need to have a total net worth of $750,000 if you want to become an owner. $305,175 is the minimum that Panchero's Mexican Grill expects its owners will need to invest in a new location. $629,000 is the maximum that someone opening a location should expect to invest. Before you become an owner, you will owe the franchisor a franchise fee of $30,000. There is currently a total of 36 units in operation.
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