Questions: How Do I Get Started | Cost Guide | FAQ

How Do I Get Started? back to topˆ

1. APPLICATION AND CONTACT
   The first stage is filling out our Confidential Application Form. This can be found over HERE (link) Once Taco Time Canada Inc. has received this information, a representative from out Franchise Department will telephone you to discuss your interest and qualifications.
   
   
2. PERSONAL INTERVIEW
   If the initial contact indicates strong potential for you to become a franchise owner, a company representative will interview you in person, without obligation. The interview may be conducted either in your area or at Taco Time Canada Inc.'s headquarters. You should understand that while this is an exciting process, it's your hard work, dedication, and continued personal involvement that will be key ingredients in your success.
   
   
3. REACHING A DECISION
   After you have carefully read the documents and materials sent to you, calculated your financial status, and met with our company representative, you should seek additional opinions from your lawyer, accountant, and other business advisors. These business professionals will advise you in the points of law, finances, taxes, and lease implications. Aided by this input, you will be in a position to proceed with your application.
   
   
4. INITIAL FEE
   Following receipt of tentative approval from Taco Time Canada Inc., the franchise may be offered to you. To proceed further with your application, you must submit a deposit of $5,000.00, which will generally be applied against the franchise fee of $20,000.00 depending on how the application proceeds.
   
   
5. MARKET EVALUATION AND SITE SELECTION
   Once Taco Time Canada Inc. has received your application, our representatives will begin evaluating your proposed market area. We generally engage real estate brokers to assist in site selection. The franchisee is not responsible for real estate commissions.
   
   
6. FINANCING
   Securing favorable financing for your TacoTime® restaurant is the next step in the opening process. Taco Time Canada Inc. does not offer any direct financing. However, we do have established financing programs though financial institutions that will assist you in meeting your requirements.
   
   
7. FRANCHISE AGREEMENT
   Prior to opening your TacoTime® restaurant, you will be asked to visit our offices to review your financial plan and leasing arrangements, discuss your training, review the construction process and sign your Franchise Agreement. The Franchise Agreement will require that you execute a personal guarantee.
   
   
8. REQUIRED TRAINING
   Training encompasses two phases. Phase 1 is an on-site, practical program designed to get you comfortable with our menu items and their preparation. Phase 2 addresses management and business issues that will help you control your operation. The franchise owner and/or manager MUST complete and pass this training program prior to opening. The new store owner is not charged for this training but is responsible for transportation, lodging and living expenses.
   
   
9. PREPARING TO OPEN
   After all preliminary steps have been completed, you are ready to start the final countdown toward opening. The entire process can take six months to a couple years, depending on the market of interest.
   
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How Much Does it Cost? back to topˆ

Store Cost Guide

FAQ back to topˆ

Q. As a Taco Time® franchisee, how much money can I expect to make?

A. Profitability in TacoTime® can depend on many different factors, such as operating costs, rent, what sort of financing terms you may have in place, and most importantly an Owner/Operators ability to run his/her business. With that in mind, it is near impossible to pre-determine what sort of money a franchisee can make.

Q.How much is it going to cost me to open my own Taco Time®?

A. Please check out our generalized store cost approximations HERE(link to store cost guide) for more information about costs associated with opening a TacoTime®

Q.How long is the term on the Franchise Agreement?

A. The initial Franchise Agreement is for a term of 10 years, with renewals running 5 years.

Q. I am interested at buying an existing TacoTime®. Who should I contact about that?

A. Please visit our existing stores for sale page HERE (link to existing stores for sale). Please note that not all franchisees that are interested in selling their stores will list them here, due to various staffing issues. If you are interested in buying a TacoTime® that is not listed, please contact that franchisee or our Franchising Department (email link).

Q. Is TacoTime® looking at expanding/opening new stores in [area]?

A. Please visit out Hot Markets(link) page, or contact our Franchising Department (Email Link) for information about all of our current franchise opportunities.

Q. Is it possible for me to own more than one TacoTime®?

A. Of course! A vast majority of TacoTime® franchisees are multi-unit owner/operators.

Q. Does Taco Time franchise to partnerships or investors?

A. Personally we feel that the best run stores are those that are owner operated. However, if a partnership/investor came forward and had what we felt was a good manager, then we would look at awarding a franchise to them.

Q. What is the process that I go through to become a TacoTime® franchisee?

A. Please visit our Getting Started (LINK) page for more information.

Q. I submitted my online application. Now what?

A. Once we have received our online application, someone from our Franchising Department will contact you to discuss your interest and qualifications.
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