Who is Pollo Tropical owned by?

Fiesta Restaurant Group, Inc.
After a period of rapid expansion, there were sixty-nine company-owned locations and numerous franchisees in the Latin American and Caribbean regions. Pollo Tropical is now a subsidiary of Fiesta Restaurant Group, Inc., which was spun-off from Carrols Restaurant Group in 2012.

Why is Pollo Tropical only in Florida?

You’ll only find U.S. Pollo Tropical locations in Florida

But the founders had a better idea for a restaurant that was a bit out of the ordinary for the time: They wanted the business to be centered around Caribbean-inspired food, per Restaurant Business Online.

Is Pollo Tropical a public company?

Miami-based Pollo Tropical and its other Hispanic brands have become part of a new publically-traded company called Fiesta Restaurant Group.

Who opened Pollo Tropical?

LARRY J. HARRIS
LARRY J. HARRIS was only 27 when he opened his first Pollo Tropical restaurant in 1988.

Who is the CEO of Pollo Tropical?

Richard Stockinger (Feb 2017–)
Pollo Tropical/CEO
“We made the strategic decision to sell the Taco Cabana business to allow our leadership team to focus completely on accelerating Pollo growth, and we are very excited about the tremendous growth opportunities we have for the Pollo Tropical business,” Fiesta President and CEO Richard Stockinger said in the release. …

Is Pollo Tropical chicken real?

Pollo Tropical®, a subsidiary of Fiesta Restaurant Group, Inc., is a quick-service concept known for its fresh, fire-grilled chicken marinated in a proprietary blend of tropical fruit juices and spices. … For more information, visit Pollo Tropical’s website at www.pollotropical.com.

Does Pollo Tropical have franchise?

Pollo Tropical is NOT a master franchise scheme. We are in the business of running our own restaurants in our home market of the USA, and in international markets we generally award franchises only to those who wish to own and run their restaurants too.

How much does it cost to buy a Pollo Tropical franchise?

The typical Pollo Tropical location typically costs about $1 million to achieve a grand opening and this investment opportunity requires a minimum commitment of 5 restaurants. What is this? Depending on the location of your franchise, the startup period may last for as little as 60 days or it may take over a year.

Is chicken Fiesta a franchise?

Our philosophy. To become RVA’s first Latin American food franchise by offering the highest level service for all customers, with the highest quality standards in the market.

How much to own a Chick Fil A?

Opening a Chick-fil-A franchise costs between $342,990 and $1,982,225, including a $10,000 franchise fee, but unlike most other franchisors, Chick-fil-A covers all opening expenses, meaning franchisees are on the hook only for that $10,000.

What happened to Pollo Tropical in Georgia?

Parent company Fiesta Restaurant Group closed down all of the market’s locations at the end of 2018. Pollo Tropical is no longer a thing in Georgia.

Why did Pollo Tropical close in Texas?

“The decision to close these restaurants was due to ongoing uncertainty in south Texas including the effects of Hurricane Harvey and limited awareness of the Pollo Tropical brand,” the company said in the release.

How much does a McDonald’s franchise owner make?

How much does a McDonald’s franchise owner make annually? Overall, McDonald’s estimates that franchisees can expect to make about $150,000 in profits annually on average after an initial investment of $1,013,000 to $2,185,000.

Why is it only cost $10 K to own a Chick-fil-A franchise?

The biggest reason it only costs $10,000 for a Chick-fil-A location is that you don’t actually own it. Just because you paid Chick-fil-A corporate $10,000, got accepted, and went through the extensive training program doesn’t mean you own the location.

What is the most profitable franchise to own?

What is the most profitable franchise to own? According to the Franchise 500 list of 2021, Taco Bell is the most profitable franchise to own. The food chain has been franchising for nearly 6 decades and is still seeking franchises worldwide. As of 2021, they have 7,567 open units.

How much does a Dunkin Donuts owner make?

A Dunkin’ franchise owner can expect to make an average annual salary of $124,000. This figure fluctuates depending on the type of location you open.

How much does a KFC franchise owner make?

How Much Profit Does the KFC Franchise Make Per Year? As an individual unit, KFC makes about $942,000 – $1,000,000 per year. Although Yum! Brands keeps their franchise owner’s salaries private, it can be estimated that owners take home roughly $120,000 a year, based on average food franchise owner salaries.

How much profit Chick-fil-A franchise?

The average Chick-fil-A restaurant produces $5.3 million in gross annual sales. This is astonishing, seeing as close competitor Popeye’s averages $1.5 million per franchise location, and quick-service restaurant (QSR) industry leader McDonald’s averages $2.7 million.

How much does a Chick-fil-A franchise owner make?

So that would put the average store owner Chick-fil-A earnings at $200,000 per year at 5% and $240,000 per year at 6%. Now a quarter million a year is a pretty good salary, but from a franchise ownership perspective only receiving 6% of the gross is quite low.

How much does a Taco Bell owner make?

Taco Bell franchise owners make a good salary

Well, they may not be making hand over fist amounts of cash more, but they can expect to earn an annual income of between $80,000 and $100,000 per restaurant (via Franchises for Sale).

How much is a Tim Hortons franchise?

The minimum you would expect to invest in a Tim Hortons location is $298,650. $1,394,000 is the maximum that someone opening a location should expect to invest. New franchisees can expect to pay a $25,000 franchise fee for the rights to open their own location.