Texas Roadhouse Franchise Cost

Texas Roadhouse is a family steak restaurant of Southwestern cuisine with locations all across America. There are 69 Texas Roadhouse franchises and 507 company owned locations. Texas Roadhouse goes by the slogan “Legendary Food, Legendary Service ” which is a testament on how they run their business.
Have you ever thought about running your own Texas Roadhouse?
After all, Texas Roadhouse is a franchise where you can own and operate your own restaurant. Owning a franchise is a lot of work and money so it is necessary to take critical consideration before making an investment. Below is all the information about owning Texas Roadhouse that all prospective franchisees should know beforehand.

You can learn more here: https://www.vettedbiz.com/texas-roadhouse-franchise-costs-profits-and-more/

00:00 Introduction
00:15 Locations
00:50 Corporate/Franchise Location
01:30 History
01:40 Franchise fee
01:45 Franchise cost
02:27 Royalty fee
02:34 Units Opened/Closed
02:53 Income Statement
03:24 Conclusion
03:36 www.vettedbiz.com

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Texas Roadhouse franchise originated in Clarksville, Indiana in 1993. Kent Taylor opened the restaurant with the mission of catering to all ages for a welcoming environment and for great food. This franchise grew rapidly and became international. Their first international restaurant opened in Dubai, and then expanded to China.

Jerry Morgan recently became CEO of Texas Roadhouse when Kent Taylor, the founder and CEO of Texas Roadhouse passed on March, 18, 2021. Jerry Morgan succeeded Kent Taylor and soon after was running the whole company.

Equal Employment Opportunity Commission vs Texas RoadHouse: Texas Roadhouse franchise faced a lawsuit with the U.S. Equal Employment Opportunity Commission. There were alleged violations of age discrimination within Texas Roadhouse of applicants being denied to work there because they were over the age of 40. Also, The Equal Employment Opportunity Commission wanted money for the applicants and costs as well as injunctive relief meaning to stop discriminating against older applicants and to rework their system. Texas Roadhouse denied the allegations and the trial began on January 9, 2017.

Their first trial couldn’t be read to a consensus and the second trial was planned to take place in May 2017. But before the second trial Texas Roadhouse agreed to a fund of 12 million dollars, and in addition to make the extra effort of hiring workers over the age of 40. This was under the Consent Decree which applied to all Texas Roadhouse restaurants and it expired recently on September 30, 2020.

Texas Roadhouse franchise cost can range from 2 million to almost 5 million dollars. You know by now, there are large ranges when it comes to the costs of owning a franchise. See, the architecture of the building could cost upwards from $95,000 to $200,000. Furthermore, equipment ranges from $250,000 to $915,000 depending on whether you would want to renovate or build the franchise from scratch. Although many don’t think about licensing, this can also be pricey. Licenses for selling liquor can range from $2,000 to $500,000, which is quite a significant gap. These are the most costly factors in building a Texas Roadhouse franchise but some of these costs can be determined by the investor, depending on whether they want to spend more money on building the franchise or save on some ends.

For your first restaurant the initial training of up to five managers and Operating Principle is free. However, for the second restaurant the initial fee is $3,500 per person and this includes training and the cost of materials.

Texas Roadhouse provides one on-site evaluation where the restaurant chain will determine if the site needs additional evaluation. If so, it will cost $500 and as well as travel expenses for the evaluation.

Texas Roadhouse will inspect the construction of the new restaurant and there is no additional charge for this. If there needs to be additional inspections it will cost $500 not including the travel expenses that need to be paid.

The franchise offers trained representatives to help you through opening up a restaurant. Here, there are expenses for each representative such as traveling, lodging, meals, supplies and opening t-shirts. Coordinators get paid $14 per hour and trainers get paid $13 an hour in addition to overtime wages and per diem. As well you will need meat cutters which will cost a minimum of $13 per hour.

The royalty fee for a Texas Roadhouse franchise is 4.0%.

You can learn more here: https://www.vettedbiz.com/texas-roadhouse-franchise-costs-profits-and-more/