R TACO FDD Summary
Type of Business
You will operate a uniquely designed restaurant that offers freshly prepared food made with quality, fresh ingredients inspired by the flavors of Mexico and Texas, along with an assortment of alcoholic and nonalcoholic beverages under the R TACO™ trade name, trademark, and business system in an atmosphere designed to be a neighborhood gathering place.
Corporate Information
Rusty Taco, Inc. is a Minnesota corporation formed on August 11, 2014. Their principal business address is 701 East 15th Street, Suite 201, Plano, Texas 75074. They began offering the franchises on May 23, 2015 under the name RUSTY TACO®, and they changed the name to R TACO™ on September 15, 2015.
Investment
Currently, it is the franchisor’s policy to award only multi-unit development rights. Franchisees who are new to the system must commit to develop at least three Restaurants according to the terms of the development agreement. The total investment necessary to develop the first RUSTY TACO™ Restaurant ranges from $336,825 to $642,590. This includes the $56,000 that must be paid to the franchisor or its affiliate, which includes the development fee equal to 100% of the initial franchise fee for the first Restaurant ($25,000) and 50% of the initial franchise fee for the other two Restaurants to be developed under the development agreement and the $5,000 opening assistance deposit.