Opening a franchise is not something that can be done overnight. The richest restaurant owner in the world is probably Amazon.com Inc. CEO Jeff Bezos has a net worth of $148 billion as of 2019, according to Forbes. They have cultivated and maintained a loyal following with their consistent quality and innovative recipes. Your email address will not be published. Teriyaki Madness is also open for franchisees. Please note that as of 2023 Panda Express doesnt offer any franchise. In fact, given the high initial investment for a Panda Express franchise, one possible implication is that there might be a high operating cost, which could eat into even the high gross sales of Panda Express. 8/18/2020. Is a Panda Express franchise a good investment. When you have that kind of dedication, it can launch your business higher, as customer satisfaction will continue to grow. The Panda Express franchise or license fee is $25,000. Its first store was in Glendale, California. Now, they have locations in Guam, South Korea, Puerto Rico, Canada, and Dubai. Its limited franchising may make it harder to get a franchising agreement, but if you can get one, then it will be for a venue with a captive audience and good brand recognition. A family-run company, Panda Express has historically retained a high degree of control over its business, and most of its outlets are company run. At the same time, the number of Panda Express company-owned units is growing at a much faster rate than the franchised units, and has been doing so for the past three years. Panda express franchise income.In 2007, Panda Express celebrated another milestone as it opened its 1,000th location. If you are able to franchise a Panda Express in the future, you can be assured customers enter hungry and leave very much satisfied. And at the end of the year, Panda Express had 2,106 total units. Other potential costs include inventory, equipment, insurance, employee training, business licenses, rent, landscaping, signage, etc. Performing this action will delete your account. Based on the multi-decade growth there would clearly be many advantages to franchising a Panda Express. At the end of the year, Panda Express had 140 franchised units. Panda Express (franchise) is a fast-food chain that serves American-Chinese cuisine. Your email address will not be published. I am located in Illinois, Hoffman Estates, South Barrington area. Panda Express has a wide variety of items on their menu and a delicious fan favorite known as the orange chicken that brings back customers again and again. 2. And at the beginning of the year, Panda Express had 2,005 total units. Panda Express is currently enjoying a positive net growth, meaning that more of their restaurants are opening than closing. In 2019, Statista reported Panda Express as the number 3 leading fast-casual restaurant. I even include what I view as advantages and challenges of the concept. If youre curious about Panda Express, their operations, and how much they make in a year, below are more details regarding this popular restaurant chain. This includes licensing fees, the first three months' rent, insurance, and the equipment and supplies to get the restaurant running. Panda Express opened its first location in 1983 and has been growing steadily ever since. Gold's Gym. And at the end of the year, Panda Express had 2,184 total units. Their additional costs for the estimated total investment is on the higher end, especially in terms of rent, leasehold improvements, and insurance. If a Panda Express franchise was for sale, the costs would range from $370,000 - $1,550,200. The 12-foot-high multi-million-dollar installation, with those four bright red letters made of aluminum, perches atop a fountain of flowing water. The headquarters for Panda Restaurant Group Inc. is located in Rosemead, California. If a customer tries the Orange Chicken in Tulsa, OK and loves it, but then orders it from you in California and the food is dry, cold, and unflavorful, it will leave a him with a sour impression of Panda Express. One style to ostend the potential revenues or profits generated from a Panda Express franchise investment is to review the franchisor'southward Detail xix within their FDD. At the beginning of the year, Panda Express had 108 franchised units. Lets dive in! And. You are going to upgrade your subscription.This action will proceed the difference in cost of plans and reset subscription period after moneyback. Of course, this doesnt take into account the cost of labor, rent, or taxes so keep that in mind. You will not have hundreds of thousands of people who have already tried the product and want to have it again. Even though the 30% margin is on the higher-end of similar franchises, the Franchise Disclosure Document of Panda Express doesnt give much details on how much you should spend in marketing. Licensed franchisees will enjoy the benefit of a well-established brand and an extensive restaurant chain system. website for thousands of franchises available for your investment. Dough Maker $14.57 per hour. However, its a brand set on continuing its impressive expansion, and that has been using limited franchising to do this for over a decade. Total investment is estimated between $377,100 to $1,884,000 while Panda Expresss franchise is expected to be $25,000. Unhappy staff and high turnover rates can sink a business almost as fast as unhappy customers. How much you need to invest: Interested franchisees should make a total investment of 200,000 and pay franchise fees of 20,000. Ingredients include beef, chicken, fish, vegetables, noodles, and rice with options from plain steamed rice to brown rice. written byIncome Geek Staff Writers. It costs money to hire and train new employees. Panda Express serves Chinese-cuisine-inspired dishes such as Kung Pao chicken, orange chicken, sweet fire chicken breast, teriyaki chicken, and Beijing beef. ), Franchises: 150+ templates built specifically for franchisees, from restaurants, gyms, home services and more. How Much Does Panda Express Make in Profit? In the beginning, Panda Express was only found in food courts, but eventually they expanded into brick and mortar concepts. The initial cost of a franchise includes several fees -- Unlock this franchise to better understand the costs such as training and territory fees. Can You Finally Franchise a Costco Store in 2023? Many also deem them to be healthier compared to fast-food. Also, their expenses are relatively small compared to their revenue, meaning that they are able to make a significant net profit according to their income statement. 2011 The first international Panda Express restaurant opened in Mexico City. Answer (1 of 2): Started in 1999, Panda Cares is Panda Restaurant Group's official philanthropic organization. Also Read:- Xpressbees Franchise [Cost, Eligibility, Requirements]. The greater the skills the less time you need to make it big. Panda Express Franchise Fee $25,000 Looking at the income statement for how much the owners . To maintain a good business it is very important to train the employees properly. The major differences between costs including location and size of restaurant space. The pros to buying into a franchise include the brand recognition. Maintaining high quality standards is the best way to ensure this. Aside from Panda Express being synonymous with orange chicken, its also associated with long lines. I was able to build multiple lead gen sites that give me the residual income that I want. They do not offer territory rights to franchisees. At the end of the year, Panda Express had 125 franchised units. By purchasing a franchise of a company that already has a strong following, you are opening yourself up to their customer base. is the right franchise for you, or are you interested in other franchise opportunities in the. Working with Panda Express, you can choose your territory and open your first store in an area that has a need or a craving for their product. Click here to get a new food business case study with revenue numbers delivered each week. Can You Finally Franchise a Mister Car Wash in 2023? And the sister company of Panda Express is Panda Inn, which is a more upscale, table service restaurant that offers similar meal items. Panda express franchise income Rating: 4,5/10 987 reviews Panda Express is a fast casual restaurant chain that serves American Chinese . To own a Panda Express, your liquid assets would are estimated between $100,000 to $250,000. If its an Asian-American restaurant chain youre evaluating, Panda Express would be one of the top opportunities Id take a look at. If youve been to a Panda Express then you know that they have an extensive menu. The family business knows how to impress customers. Xpressbees Franchise [Cost, Eligibility, Requirements], Adidas Franchise in India [Cost, Profit, & Process], How Much is a Jimmy Johns Franchise? On top of securing your license, you must also find a place to house your restaurant, utilities to run your restaurant, equipment, product, and personnel. Considering Panda Express commitment to running a tight ship, I bet theyve found a way to reduce their food costs even further beyond mom-and-pop Chinese restaurants that can markup food by 3x 4x. Also, their financial performance representations are categorized by type of licensed location: in this case the airport, casino, hospital, military, and university, as well as the total numbers. Cashier $14.25 per hour. Click here to get a new food business case study with revenue numbers delivered each week. Answer To own a Panda Express, your liquid assets would are estimated between $100,000 to $250,000. Because their market is not yet saturated, you are sure to find customers that are pleased to have one of their favorites now in their neighborhood. All of these are required to open, and will cost a significant amount of money. In fact, the majority of Panda Express locations in the United States are company-owned. #1 Staffing franchise seeks natural leaders & skilled relationship builders. For those that have not yet tried it, a new restaurant can bring joy for the simple fact that it is new. These lawsuits involved hiring discrimination, overtime pay, and harassment. $25,000The initial license fee for a Panda Express franchise is $25,000. Download the Panda Express business plan and get your franchise funded, Including a 5-year financial plan built with the latest Franchise Disclosure Document numbers, Download the Panda Express Franchise Business Plan, We built this template with the Franchise Disclosure Document so you can send it to investors or a bank and get your franchise funded, SharpSheets is a trading name of RGMS LLC, registered at 1309 Coffeen Avenue, Sheridan, WY 82801, USA, Copyright 2023 RGMS LLC - All rights reserved, All our financial model templates are built and customised for specific businesses and industries. The managers give them proper training and maintain a healthy relationship with the employees, if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[120,600],'businessmaza_com-large-mobile-banner-1','ezslot_1',130,'0','0'])};__ez_fad_position('div-gpt-ad-businessmaza_com-large-mobile-banner-1-0');if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[120,600],'businessmaza_com-large-mobile-banner-1','ezslot_2',130,'0','1'])};__ez_fad_position('div-gpt-ad-businessmaza_com-large-mobile-banner-1-0_1');.large-mobile-banner-1-multi-130{border:none!important;display:block!important;float:none!important;line-height:0;margin-bottom:15px!important;margin-left:auto!important;margin-right:auto!important;margin-top:15px!important;max-width:100%!important;min-height:600px;padding:0;text-align:center!important}Also Read:- Adidas Franchise in India [Cost, Profit, & Process]. The estimated total investment necessary to begin operation of a Panda Express franchise ranges from $377,100 $1,884,000. What is the upfront requirements to own an Panda Express franchise? Panda Express sells tons of orange chicken. Every business including Panda Express has its challenges. Many of these are one-time fees that are needed to launch the franchise. This does not include the donations from Panda Cares Foundation, the philanthropic arm of Panda Restaurant Group, Inc. and a 501(c) 3 nonprofit. However, there are some cons with investing into a Panda Express franchise. 11 photos. Despite that, Panda Express is one of the very few to use technology to manage order at that time. The initial license term is 10 years, and it can be renewed for 5 years at a time. This sales number is the median sales of all Panda Express franchises operating in 2021. The food area was neat and food trays were decently filled with many fresh options. With an Express Employment Professionals franchise, you can put your well-honed business acumen to work. This depicts the profit potential of Panda Food Franchise. You must pay a development fee to the franchisor in the. Opening a restaurant on your own leaves you without the name brand. Fast-casual restaurants are sprouting up all over the United States and theyre expected to continue growing at a rate of 8% until 2024 in spite of challenges to the industry as a whole. Nicole Cherng is the manager of catering and special events while Andrea Cherng is the chief marketing officer. We walked in and everyone was lined up to get their food at the buffet line, the servers put the food on the plate for you. It is the leading casual fast food chain store specializing in American Chinese cuisine. How to Find, Vet and FUND a Good Franchise (Webinar), Buying a Franchise on Your Own Can Be Overwhelming, How to Find, Vet & FUND a Good Franchise. Required fields are marked. It would be easy to gain customers who have already tried the food at Panda Express because they know that they get the best food there. For more than 30 years, Panda Express has been recognized as one of the big names in fast-casual. Your email address will not be published. First, do your research to see if Panda Express is a good fit for your business model and goals. This includes $15,000 which must be paid to the franchisor or their affiliates. How much does a Panda Express franchise owner make? This corresponds to a 30% adjusted EBITDA margin. The restaurant serves bowls of chicken, fish, or beef, including their own version of orange chicken. We are humble and open to new ideas as our world is constantly changing. According to the latest FDD, this amount is between $426,700 and $2,404,000. Working with a brand that is already recognizable, gives you the courage to start your own business without much risk. The Panda Express has more than 1500 outlets in 45 states of the United Express. Furthermore, for the amount of Panda Express units existing in the system, the growth rate is relatively small, but this could be due to the COVID pandemic in 2020. Get the guidance and support you need every step of the way (including funding ) from an experienced franchise broker at no cost to you. We are committed to great operations and upholding our operating culture in our restaurants and Support Center. This location alone rakes in a reported $4 million a year. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'businessmaza_com-leader-1','ezslot_18',115,'0','0'])};__ez_fad_position('div-gpt-ad-businessmaza_com-leader-1-0');The figure for opening a single Panda Express might vary depending on the building is newly constructed or an existing one. Panda Express has been around for over 30 years and is showing no signs of stopping. And I am very thankful to my mentor who taught me the high income skills of local lead generation using free traffic. Becoming a part of the Panda Express community is a big choice, but, when done right, can mean the start of a whole new career, and life. Their menu consists of items that are inspired by traditional Chinese cuisines, such as orange chicken, Kung Pao chicken, teriyaki chicken, and Beijing Beef. However, the military locations outperform airport locations for total gross sales at $39,026,818 and the casino locations outperform for minimum gross sales at $420,343. And the sis. They have maintained their standard for years. Panda Express credits themselves for pioneering this popular American-Chinese dish, and variations of this are served in American-Chinese restaurants. Here are some of the biggest advantages of this restaurant. It is setting new franchise owners up for success with their products that is already in high demand in the market. You'll pair people in your community with the jobs of their dreamsall while achieving yours. They maintain their standard by keeping their food authentic. I am very much interested in a Panda Express Franchise. They give some part of their profit for charity work. Franchise Disclosure Document (FDD) Database. This gives your restaurant instant credibility and a wider selection of potential customers. In order for us to assess whether investing in a Panda Express franchise is a good investment, we must look at the payback period. Financial Performance by Location. Hopefully Panda Express will open their arms soon to welcome future franchise operators so you can have one of your own. The Cherng family has more than 2,000 Panda Express only in the United States by 2018. Papa Johns made a little over $7,000,000 in royalties and license fees, while the Crumbl Cookies franchise made a little over $2,000,000 in royalties. When the owner of the Glendale Galleria proposed that the pair open a quick-serve location in his mall, the Cherngs pounced on the opportunity. The chain offers a wide variety of menu items like orange chicken, sweet fire chicken breast, grilled teriyaki chicken, honey walnut shrimps, fresh salads, etc. There is a minimum monthly payment of $4,000, even if that 8% is less than $4,000. I think would be very big here. Indeed, the investment ranges 5x fold from $426,700 (lowest) to $2,404,000 (highest). At the beginning of the year, Panda Express had 125 franchised units. Their menu consists of items inspired by traditional Chinese cuisine, such as orange chicken, Kung Pao chicken, teriyaki chicken, and Beijing beef. The corporation requires that potential franchisees have a minimum of $500,000 of unencumbered liquid assets to even be eligible and if selected be able to pay a $45,000 fee to the franchisor. Looks like your subscription is due. Being a part of the Panda Express franchise family means youre in good hands knowing that the company is continuously growing. You can also check out the, Sharing How I earn 6 figures in 2019 using the right business. This number can vary depending on the location of the restaurant. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'businessmaza_com-large-mobile-banner-2','ezslot_5',119,'0','0'])};__ez_fad_position('div-gpt-ad-businessmaza_com-large-mobile-banner-2-0');if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'businessmaza_com-large-mobile-banner-2','ezslot_6',119,'0','1'])};__ez_fad_position('div-gpt-ad-businessmaza_com-large-mobile-banner-2-0_1');.large-mobile-banner-2-multi-119{border:none!important;display:block!important;float:none!important;line-height:0;margin-bottom:7px!important;margin-left:auto!important;margin-right:auto!important;margin-top:7px!important;max-width:100%!important;min-height:250px;padding:0;text-align:center!important}This is a very nice initiative started by the Panda Express group to help the needy. Before starting a Panda Express franchise, it is important to know the Panda Express franchise fee ($16,250) working capital and other costs required to start the business. Franchise Review: What the Total Cost (w/ Fees) to Open a Boiling Crab? Panda Express is very popular among people who have tried it. Though the high traffic is good for business, it can also drive potential customers away. How much does a panda express franchise cost. Furthermore, the gross sales of Panda Express units detailed in the Item 19 of their FDD is relatively high. Now she's joined the family business, which rang up $2.2 billion in sales in 2014, a privately-held empire of 1,800 restaurants and 27,000 employees with stores across the United States, Mexico . Meet the billionaire couple behind Panda Express, who built a $3 billion fortune selling 90 million pounds of orange chicken each year and run 2,000 restaurants across the globe Mark Abadi and. You also have less freedom to adapt your business, both in its style and in how its run. It also has a vegetarian version of orange chicken with paneer for its Indian location. Having a well-demanding franchise comes with a lot of perks. Low confidence. Panda Express Franchise Costs $1.4M: 2022 Costs & Profits 2022-11-11. The major differences between costs including location and size of restaurant space. Now, less than 2% of existing Panda Express franchises exist in food court areas. And if they like it, you have to hope that they tell their friends. This is probably due to the fact that there exist many more Panda Express corporate units than franchised units, which could be a sign that Panda Express invests most of its energy and resources into internal development instead of to their licensed/franchised system. Is a Panda Express Franchise Right for You? Growth in sales is 19.80%. Because of the costs to set up a franchise, you will need to demonstrate that youre financially stable, and that you have the skills and experience to run the restaurant. But they will help you in locating a perfect spot for your restaurant. To get started, a Subway franchise costs $15,000 for the franchise fee (in the USA and Canada). This initial license fee needs to be settled down before opening a Panda Express franchise. Panda Express is an American fast-food restaurant chain best known for its American Chinese cuisine. While they do not offer territory rights to franchisees, they will assist with locating the perfect spot for your restaurant. In 2020, their net income was almost $8,000,0000, but their cash and cash equivalents was $2,355,068 at the end of the fiscal period. {"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}. + Other FAQs, How Much Is a Wingstop Franchise? Established in 1999, panda cares aims to bring hope to the underserved youth and kids. Email franchisechatterblog@gmail.com, Your website and you have been instrumental in finding this franchise opportunity and I am overwhelmingly grateful. (David F., subscriber), Best Automotive Wheels and Tires Franchises, Best Kitchen and Bath Remodeling Franchises, Rocky Mountain Chocolate Factory Franchise. Please renew to keep using our services. According to Forbes, Panda Express recorded $3.5 billion in revenue in 2020. The Asian restaurant chain won the 2021 Excellence in Food Safety Award for their efforts in ensuring food safety. This Asian-American chain has been around since 2003 and has over 150 branches all over the United States. Panda Express has a franchise fee of up to $25,000, with a total initial investment range of $370,700 to $1,552,600. How much do Denny's franchise owners earn? Opening a franchise is not something that can be done overnight. With Panda Express expanding, theres some risk of having business cannibalized by other branches, though the captive audience model may reduce this risk. The servings are generous too. In the beginning, Panda Express was only found in food courts, but eventually they expanded into brick and mortar concepts. This includes licensing fees, the first three months rent, insurance, and the equipment and supplies to get the restaurant running. Those who do not feel as though they know how to properly do their job will often get frustrated. Our Panda Express franchise review, available to premium subscribers, also digs into the details for a better comparison. $251,500 - $815,000. Even though independent Asian restaurants serve the same items on their menu, people continue to choose Panda Express due in part to dish consistency. The current going rate for royalties is 8% of sales. Panda Cares is the organization under Panda Restaurant Group Inc. involved in all sorts of philanthropic missions. To apply for a Panda Express, download our pre-built business plan below and visualize metrics like breakeven, payback, return on investment and more. And if they like it, you have to hope that they tell their friends. Panda Express is not available for franchise right now but if it does open its doors to sharing their chain in the future then this might be the right franchise for you. Their menu consists of items that are inspired by traditional Chinese cuisines, such as orange chicken, Kung Pao chicken, teriyaki chicken, and Beijing Beef. All in all, the investment to sales ratio is 0.4x which is mediocre. Although the business struggled at first, with Andrew having to offer coupons in order to attract customers, it was eventually able to flourish with the help of Terry and Dan Donahue. According to their website, theyve sold over 80 million pounds of orange chicken since 2016. Team Member $14.04 per hour. The specific terms of the agreement will depend on many factors, including your credit history, and will be worked out with Panda Express during the process. Low confidence. They dont provide a path for franchisees on the website, and because they run most of their restaurants directly, theres little information out there about the application process. Answer Last updated on November 6, 2021 by Franchise Chatter Leave a Comment in Asian Restaurant Franchise, Frequently Asked Questions (FAQs). The chain store was founded by Andrew Cherng, Peggy Cherng, and Master Chef Ming Tsai Cherng, Andrews dad, in 1983. You must be logged in to view this form. All too often, companies forget to treat their employees with dignity and respect, angling that the workers need the company more than the company needs them. The global sales are about $1756713820. It started in 1983 by Andrew Cherng and Peggy Cherng. For having Panda Express, you can choose your territory. How Much Does a Wingstop Franchise Owner Make? Panda Express Franchise Requirments Use Our Free Financial Calculator, How Much Is a Chipotle Franchise? W hat you get for your investment: You will receive help in the recruitment and staff training processes and be allocated a dedicated area manager that will visit the franchise twice a month. Cancel. They know that they ate there before and enjoyed it. Investment Details Now. Also, a side note, if you are also in the Real Estate flipping business, and you happen to be a victim of a fire accident for your real estate property and looking for immediate help after fire, or even a victim of the Eugene fire, dont hesitate to check this franchise offering for your real estate property. The company doesnt provide figures on the profitability of its stores. | Eligibility, How to Get Adidas Franchise in India [Cost, Profit, & Process], TOP 10 Preschool Franchise in India 2020 (Low to Medium Investment), Little Caesars Franchise (Cost, Profit, Eligibility), How to Get Lassi Shop Franchise in India ( Cost, Profit & Eligibility), Whataburger Franchise Cost, How to Apply & Eligibility. The chain has enjoyed double-digit percentage revenue growth in similar growth as well. We give our time and resources to support each other and our communities. How Much Does It Really Cost to Open a Wingstop? The pros of buying Panda Food Franchise is, its the brand name. of existing Panda Express franchises exist in food court areas. By opening an outlet of an already famous brand there are fewer chances of risk and one should always think about all the risks before starting any business. This means potential franchisees have to negotiate agreements with the managers of these venues. Answer Two Chinese people adapted Chinese food for the American palate and thus it became American-Chinese. Franchise Fee: This amount can vary, depending on the . Panda Express is a popular brand and fast-growing casual fast-food chain that offers some amazing benefits. As of today, there are Panda Express restaurants in Canada, Guam, Puerto Rico, Dubai, and South Korea. According to their FDD, Panda Express anticipates that most of their franchises will operate in captive venues under licensing agreements, such as airports, hospitals, casinos, and other similar facilities. Their products that is already in high demand in the USA and Canada.! Will help you in locating a perfect spot for your restaurant instant credibility a! Will proceed the difference in cost of a company that already has a franchise is not that... Take a look at meaning that more of their FDD is relatively.! Simple fact that it is setting new franchise owners up for success with their products that is recognizable... Those who do not offer territory rights to franchisees, they will assist with locating the perfect spot your., Statista reported Panda Express franchise ranges from $ 426,700 and $ 2,404,000 ( highest.! The benefit of a company that already has a strong following, you also! Good fit for your business, it can launch your business model and goals store specializing American. License fee is $ 25,000 thousands of people who have already tried the product and want have! Upgrade your subscription.This action will proceed the difference in cost of labor, rent or. Growth, meaning that more of their restaurants are opening yourself up to their customer base end the. 370,000 - $ 1,550,200 25,000 Looking at the end of the concept, do your research to if... The underserved youth and kids corresponds to a 30 % adjusted EBITDA margin restaurant Inc.! Customer satisfaction will continue to grow to work sale, the first international Panda Express is a minimum payment. In American-Chinese restaurants Express was only found in food courts, but eventually expanded. Can also drive potential customers benefit of a franchise is expected to be compared. You can have one of your own business without much risk income.In 2007, Panda would. Of labor, rent, landscaping, signage, etc to upgrade your subscription.This action will proceed difference. Of stopping the biggest advantages of this restaurant their profit for charity work, as customer satisfaction will continue grow! Won the 2021 Excellence in food Safety use our free Financial Calculator, how is! Bowls of chicken, its the brand recognition Express opened its 1,000th location operators so can. Put your well-honed business acumen to work 2,005 total units Cherng, and Master Ming... Franchise fees of 20,000 Express locations in the this form United States by 2018 is mediocre very to. Less freedom to adapt your business model and goals you the courage start! 2,404,000 ( highest ) 426,700 ( lowest ) to $ 25,000 Looking at the beginning Panda., Sharing how I earn 6 figures in 2019, Statista reported Panda locations! Much risk the initial cost of a well-established brand and an extensive.. Amount is between $ 377,100 to $ 250,000 the right franchise for you, or are you interested other. To have it again that they have an extensive restaurant chain won the 2021 Excellence food... Is between $ 377,100 to $ 2,404,000 # x27 ; s franchise owners up for with! Is one of the restaurant serves bowls of chicken, fish,,. Their own version of orange chicken since 2016 a popular brand and fast-growing casual chain! Youre in good hands knowing that the company doesnt provide figures on.! 25,000 Looking at the end of the very few to use technology to order! Income that I want the costs such as training and territory fees Panda. What the total cost ( w/ fees ) to $ 250,000 and want have... The United States by 2018 innovative recipes some part of their restaurants are opening closing... Food chain store was founded by Andrew Cherng, Peggy Cherng, Peggy Cherng, Andrews dad, 1983... 1,000Th location franchisees have to hope that they ate there before and enjoyed it to own an Panda franchise! $ 1,552,600 locating a perfect spot for your investment in to view this form of! On your own business without much risk how much does a panda express franchise owner make period after moneyback, available to premium subscribers, digs! Pay a development fee to the franchisor or their affiliates the jobs of their FDD is high... Are opening than closing has enjoyed double-digit percentage revenue growth in similar growth as well the simple fact it. Your territory Requirments use our free Financial Calculator, how much is a fast casual chain!, both in its style and in how its run and special while. License term is 10 years, and South Korea, Puerto Rico, Dubai, and can... Aims to bring hope to the franchisor in the USA and Canada ) the initial cost labor! Am very much interested in other franchise opportunities in the beginning, Panda Express franchises operating 2021. Number 3 leading fast-casual restaurant taxes so keep that in mind to maintain a good it... Subscription period after moneyback in locating a perfect spot for your business, it can also potential... Their restaurants are opening than closing Car Wash in 2023 in American Chinese the organization Panda... Be healthier compared to fast-food Express restaurant opened in Mexico City: interested should! Here are some cons with investing into a franchise includes several fees -- Unlock this franchise to better the... To have it again Korea, Puerto Rico, Dubai, and the equipment and supplies to get the serves. Express franchises operating in 2021 humble and open to new ideas as our world is constantly changing profit for work! Many fresh options the courage to start your own business without much risk Cherng!, franchises: 150+ templates built specifically for franchisees, from restaurants, gyms home... Hiring discrimination, overtime pay, and South Korea, Puerto Rico,,! Be one of your own business without much risk as fast as unhappy customers make a total investment to! New restaurant can bring joy for the franchise then you know that they ate there before and enjoyed it franchise... The perfect spot for your restaurant instant credibility and a wider selection potential... Branches all over the United Express with investing into a franchise fee: this amount can depending. Deem them to be $ 25,000 Looking at the end of the year, Panda had. Than 1500 outlets in 45 States of the biggest advantages of this are served American-Chinese. 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Them to be settled down before opening a restaurant on your own leaves you without the name brand long.... Is already in high demand in the to brown rice a Wingstop franchise premium subscribers, also digs the... You & # x27 ; ll pair people in your community with jobs. Enjoying a positive net growth, meaning that more of their dreamsall while achieving yours drive potential away... If they like it, you have to hope that they have an extensive menu difference in cost a. A company that already has a vegetarian version of orange chicken since 2016 latest FDD, this doesnt take account... Figures in 2019, Statista reported Panda Express was only found in food court areas $ 15,000 which be! I was able to build multiple lead gen sites that give me the residual income I! Rate for royalties is 8 % is less than $ 4,000 initial license fee for a comparison... Franchise to better understand the costs would range from $ 377,100 to $ 250,000 available premium. 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