Tio Juan’s Margaritas Mexican Restaurant FDD – Franchise Information, Costs and Fees
Type of Business
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.
Corporate Information
Margaritas Franchising Corp. is a Delaware corporation, incorporated on October 27, 2008, whose principal business address is 273 Locust Street, Suite 200, Dover, New Hampshire 03820. In April 2009, they began offering franchises for Margaritas Restaurants.
Investment
The total investment necessary to begin the operation of a Margaritas Restaurant ranges from approximately $488,800 to $2,932,600. This includes a $85,000 to $125,000 that must be paid to the franchisor or affiliate, but does not include the cost of buying or renting the business location or obtaining a liquor license. The total investment necessary to begin operation as an Area Developer is $10,000 which must be paid to the franchisor for each
Margaritas Restaurant that you agree to develop at the time you sign the Area Development Agreement. The franchisor does not require a minimum number of Margaritas Restaurants required to be opened under a development agreement but generally they grant the right to open three to five franchised restaurants.
