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Pancheros Mexican Grill

Mexican food
Investment
$752,500
Initial Franchise Fee
$30,000
Units
76
Growth Rate
+5.6%

Overview

Industry
Food
Founded
1992
Franchising Since
1995
Parent Company
Pancheros Mexican Grill
Leadership
Rodney Anderson, President
# of Employees at HQ
26

Units and Growth Chart

About Pancheros Mexican Grill

Pancheros Mexican Grill was the dream child of Rodney Anderson. After spending time in local taquerias while studying for his MBA in Chicago, he realized there was a shortage of quality burrito makers. To fill this gap, Anderson opened his restaurant in Iowa City, Iowa in 1992. Pancheros Mexican Grill has grown from its humble roots to over 70 locations throughout the United States. Of those, more than 40 of them are franchised locations.

Pancheros Mexican Grill offers homemade burrito bowls, fresh-pressed tacos, tortillas, quesadillas, queso, and salads. Pancheros Mexican Grill seeks potential franchisees with an innovative mindset for single or multi-unit franchise licenses. A franchisee should ideally yearn to bridge the burrito demand in their community, just as Anderson did several decades ago.

Why You May Want to Start a Pancheros Mexican Grill Franchise

Pancheros Mexican Grill serves homemade Mexican fare prepared fresh in-house daily. As a franchisee, you may offer a simple, easy-to-master menu. Servings are typically deli-style. Customers may enjoy the large portions and ability to customize their meals. 

Your Pancheros Mexican Grill will most likely feature a display line of the freshest ingredients, emphasizing menu items prepared in-house. The Pancheros Mexican Grill restaurant model has been operating for more than 30 years, depicting a warm, high-energy, industrial branding and décor. 

Pancheros Mexican Grill customers are dedicated to the 'Fresh-Mex' concept and the one-of-a-kind environment.

What Might Make a Pancheros Mexican Grill Franchise a Good Choice?

To be part of the Pancheros Mexican Grill team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. You should also prepare yourself for ongoing fees that include advertising, royalty, or renewal fees. Franchisees will also need to meet Pancheros Mexican Grill's set net worth and liquid capital requirements.

The Mexican food that Pancheros Mexican Grill offers is not a seasonal product. With this in mind, you may be able to reach a diverse, devoted demographic. Although overhead costs, particularly during startup, are high, you and your staff can grow within your exclusive territory. The franchisor's proven tools and models include training, site selection, promotion and marketing, facility design or remodeling, and ongoing education.

How To Open a Pancheros Mexican Grill Franchise

To get started with Pancheros Mexican Grill, submit an inquiry form. Pancheros Mexican Grill may email an official franchise application to you, and a franchise development officer may get in touch once your suitability has been approved. Part of the induction process for a new franchisee with Pancheros Mexican Grill will involve examining their latest Franchise Disclosure Document.

Your Pancheros Mexican Grill development officer will assist with any questions you may have before going through on-the-job training alongside relevant classes. At the corporate restaurant in Coralville, Iowa, new franchisees are taken through discovery day. You'll spend time in an operational Pancheros Mexican Grill while interacting with current franchisees before beginning preparations for your restaurant's grand opening day.

Investment Details

Initial Franchise Fee
$30,000
Initial Investment
$752,500 - $1,537,500
Net Worth Requirement
$1,000,000
Cash Requirement
$500,000
Royalty Fee
5%
Ad Royalty Fee
2%-3%
Technology Fee
0
Term of Agreement
10 years
Is Franchise Term Renewable?
Yes
Financing
Third Party
Veterans Incentive
N/A

Available Territories

Franchising opportunities available in the following regions

United States

States

Alaska Alabama Arkansas Arizona Colorado Connecticut District of Columbia Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Wisconsin West Virginia Wyoming

Training & Support Programs

Comprehensive training and ongoing support to help you succeed

Training

On the Job Training
120 hours
Classroom Training
16 hours

Ongoing Support

Newsletter
Meetings & Conventions
Grand Opening
Online Support
Field Operations
Site Selection

Marketing Support

Ad Templates
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations & Requirements

Key operational details and requirements for running this franchise

Is absentee ownership allowed?
No
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
# of employees required to run
0
Are exclusive territories available?
Yes

Ranking History

Pancheros Mexican Grill performance in the Franchise rankings over recent years

Additional Rankings

Curious to know where Pancheros Mexican Grill ranked on other franchise lists? Find out below.

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022