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Chronic Tacos
Chronic Tacos is an American restaurant chain based in San Clemente, California, specializing in Mexican-style food. It uses a third-generation recipe for its tacos and because of the assembly line nature of the preparation process; it has been referred to as a "Mexican Subway". Chronic Tacos was founded in 2001 by Randy Wyner and Dan Biello.
Facts & figures
You'll need $350,000 in liquid capital to open a Chronic Tacos. The franchise expects its new franchisees to have a net worth of at least $250,000. The ongoing royalty payments from franchisees paid back to the franchisor is 6%. The low end of the total investment required to open a new franchise is $294,000. The most the franchisor could ask you to invest is $801,000 if you want to become a franchisee. New franchisees can expect to pay a $40,000 franchise fee for the rights to open their own location. Chronic Tacos was established in 2002. The company began expanding via franchising in 2006.
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