Panda Express opened their 1,000th location in Pasadena, California. Many of these are one-time fees that are needed to launch the franchise. There is a minimum monthly payment of $4,000, even if that 8% is less than $4,000. Franchising itself brings several advantages, including training and support from the franchisor, a well-recognized brand and its marketing power, a tested business model, and a business that will be easier to sell when you are ready to retire. 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. Your email address will not be published. 2011 The first international Panda Express restaurant opened in Mexico City. They have maintained their standard for years. and even more for top performing locations. While maintaining customers is important to your business, so is maintaining good employees. Very few people think about the franchise owner behind the restaurant, only the brand. Now, they have locations in Guam, South Korea, Puerto Rico, Canada, and Dubai. Required fields are marked. As such, you should make your decision by selecting the specific format of franchise restaurant you intend to open. There are many factors and decisions that go into it, as well as a lot of startup costs that will need to be secured. The minimum investment amount required to open a Panda Express franchise is $377,100 and can go all the way up to $1,884,000. For those that have not yet tried it, a new restaurant can bring joy for the simple fact that it is new. This article is based on its2020 FDD.Panda Express is a fast-food franchise restaurant chain that primarily serves American Chinese food. Our Panda Express franchise review, available to premium subscribers, also digs into the details for a better comparison. Does panda express franchise. The pros to buying into a franchise include the brand recognition. 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. I am located in Illinois, Hoffman Estates, South Barrington area. Finally, franchisees must build their Panda Express units in an already existing retail space, meaning that they cannot construct their own free standing unit. Because of the lack of information, its hard to work out a figure for profits. Note that this isnt the take-home pay of a franchisee. With a franchise, the food is expected to taste the same regardless of the location. This means that the restaurants that are opening are finding success and able to sustain themselves, as well as grow. 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. The following costs are part of the upfront costs included in the initial investment. On the low end of a Crumbl franchise the net profit is $33,260. | 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. Panda Express has a hearty reputation and unlimited growth potential around the world. Lease of Premises (Initial 3 Months' Rent): Please renew to keep using our services. Unhappy staff and high turnover rates can sink a business almost as fast as unhappy customers. And American-Chinese cuisine adds cherry to the cake. $25,000The initial license fee for a Panda Express franchise is $25,000. How much you need to invest: Interested franchisees should make a total investment of 200,000 and pay franchise fees of 20,000. best Korean Barbeque Restaurant in Lynwood, WA, Game Headz Super Fun Franchise to Start in 2021, Bambu Desserts & Drinks Franchise Cost & Profit Opportunity Review, The Habit Burger Grill Franchise Cost & Profit Opportunity Review, Yogurtland Franchise Cost & Profit Opportunity Review. Unfortunately, this chain is not open for franchising at the time of writing. This Asian-American chain has been around since 2003 and has over 150 branches all over the United States. Panda Express stores are clearly profitable, as shown by the companys healthy financials. In the event Panda Express opens its restaurant chains to franchisees in the future, how much should you expect it to cost? All in all, the investment to sales ratio is 0.4x which is mediocre. And at the end of the year, Panda Express had 2,184 total units. The beginning operation of Panda Express ranges from $377,100- $1,884,00. Looking at the income statement for how much the owners . Panda Express Franchise Review The franchisor assumes the data as supplied by them and their corresponding operations and Restaurant managers to be accurate. Every business including Panda Express has its challenges. In fact, the majority of Panda Express locations in the United States are company-owned. The net change of Panda Express corporate units was +53 units. This is an important factor to consider when choosing the right franchise to purchase. Panda Express is one of the best selling Chinese restaurants in the world. How profitable they are for individual franchisees is harder to judge. For franchisees with established relationships with the brand and multiple stores, there may be room to negotiate, and the company has gone as low as $7,500, but this fee wont be negotiable for new franchisees. Many also deem them to be healthier compared to fast-food. If you want to set up a Panda Express franchise, then you will need to contact the company first. Last updated on November 6, 2021 by Franchise Chatter Leave a Comment in Asian Restaurant Franchise, Frequently Asked Questions (FAQs). 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. 7 (Tues.), 4 p.m. EST, Register Now to Get Free Access to Recordings of Both Webinars. For having Panda Express, you can choose your territory. Franchise Winners, Survivors and Losers Last Year. A company needs hard working, loyal employees in order to run at the optimum level. As mentioned above, they sell literally millions of pounds of the stuff every year. However, there are some cons with investing into a Panda Express franchise. That said, franchisees are responsible for additional costs, including a monthly continuing franchise fee (CFF) of either 20% of gross revenue or at least $250 per month. 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. Customers, generally, remember poor experiences better than good ones, so youll want to ensure that each customers expectations are met each and every time they visit. You dont need to have a location in mind before entering a franchise agreement with Panda Express. Dough Maker $14.57 per hour. As per our calculations, the average Panda Express franchisee makes $184,872 profits per year. Check out our listings page on the Vetted Biz website for thousands of franchises available for your investment. They know that they ate there before and enjoyed it. Panda Express employees attributed a compensation and benefits rating of 3.8/5 stars to their company. Individual Unit Costs Please note that as of 2023 Panda Express doesnt offer any franchise. Panda cares foundation box is also located in every outlet, where customers can contribute directly. Based on the multi-decade growth there would clearly be many advantages to franchising a Panda Express. Compared to other franchises, Panda Express lacks transparency in regards to their financial statements as they give no indication of the revenue they make from their company-owned units. How much does it cost to open up a Panda Express? However, there are some cons with investing into a Panda Express franchise. However, Taco Bell made over $260,000,000 in franchise and license fees, far more than any of the three aforementioned franchises. How much does a Panda Express franchise cost? Once when Andrew was interviewed by the Los Angeles Times, he told them that they had a back door to the restaurant and he would go to the parking lot and say, Thank you for coming. Mar. Looks like your subscription is due. It costs money to hire and train new employees. 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. Established in 1999, panda cares aims to bring hope to the underserved youth and kids. Reminder: Your username and password are case-sensitive. Of course, this doesnt take into account the cost of labor, rent, or taxes so keep that in mind. Can You Finally Franchise a Mister Car Wash in 2023? Opening a restaurant on your own leaves you without the name brand. Initial Franchise Fee: $25,000 Total Investment: $426,700 to $2,404,000 Working Capital: $60,000 to $110,000 Royalty Fee: 8.0% Take Our 7-Minute Franchise Business Quiz! Their current net growth score is 78. All of these are required to open, and will cost a significant amount of money. Giving the employees the salary they deserve and keeping them happy and safe in their work is important as well. In 2019, Statista reported Panda Express as the number 3 leading fast-casual restaurant. However, they will need to approve the location, and options are limited to the captive venues listed in the FDD, such as airports, campuses, and hospitals (Item 1, FDD 2021). $251,500 - $815,000. additional fees payable to their affiliates). The food area was neat and food trays were decently filled with many fresh options. To deliver exceptional Asian dining experiences by building an organization where people are inspired to better their lives. Panda Cares is the organization under Panda Restaurant Group Inc. involved in all sorts of philanthropic missions. It also has a vegetarian version of orange chicken with paneer for its Indian location. . They started bringing computerized systems for management when no one else knew about it. Low confidence. At the beginning of the year, Panda Express had 138 franchised units. The initial cost for setting up a Panda Express franchise is estimated by the company at between $377,100 and $1,884,000 (Item 7, FDD 2021). The chain has enjoyed double-digit percentage revenue growth in similar growth as well. This is the upfront fee that must be paid when opening a Panda Express franchise. Panda Express has a positive growth for years now, by 2018 their rate growth was 78. How Much Does It Really Cost to Open a Wingstop? You must pay a development fee to the franchisor in the. How much can you make with a Panda Express franchise? You can order 1 protein with rice and noodles or 2 proteins. The investment amount represents the average of both the minimum and the maximum amount you need to pay, depending on your location and other factors. 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. If you do not have the liquid capital to purchase the franchise license outright, they will set up payment terms with you. Panda Expresss roots started in the 1970s when Andrew Cherng along with his father opened the Panda Inn in Pasadena, Calif. Panda Inn was an upscale restaurant where Mandarin and Sichuan dishes were served. Panda Express restaurants were traditionally located in shopping mall food courts, but the chain now operates units in many other environments and formats, including stand-alone restaurants, as well as universities, casinos, airports, military bases, amusement parks and other venues. Lets dive in! Chinese food never becomes out of fashion. I would actually like to open a Panda Express in Saint Petersburg Russia! Panda express franchise income.In 2007, Panda Express celebrated another milestone as it opened its 1,000th location. Your email address will not be published. 510+ (Best & Worst) Tanning Salon Name Ideas to Consider, MOD Pizza Menu Prices + Free No Name Cake Offer (2023), Penn Station Menu Prices + BOGO Sub Offer (2023), Baskin Robbins Menu Prices + Free Scoop Offer (2023), Black Angus Steakhouse Menu Prices + Specials & Rewards (2023). Franchise Chatter is reader-supported. And at the beginning of the year, Panda Express had 2,106 total units. The global sales are about $1756713820. At the end of the year, Panda Express had 138 franchised units. Initial Franchise Fee: $35,000 Total Investment: $343,200 to $695,200 Working Capital: $11,000 to $133,000 Royalty Fee: 6.0% The initial purchase price of any franchised business includes several fees. When everyone knows what is expected of them, the wheels of progress turn much more smoothly. Franchise Review: How Much Does It Really Cost to Open a Wingstop? The restaurant serves bowls of chicken, fish, or beef, including their own version of orange chicken. In this article were looking at Panda Express and the financial performance of its stores disclosed in its Franchise Disclosure Document to assess whether you should invest in Panda Express franchise. Everyone was so close together, no social distancing at all. What to Expect in a New Panda Express Restaurant. Despite Panda Express being a popular and very successful brand, it has its downside. I think would be very big here. Cancel. The greater the skills the less time you need to make it big. If youd rather look at other options, or for other chains to compare Panda Express with, then subscribe to Franchise Chatter to help ensure that youre looking at the right franchise for you. For those that have not yet tried it, a new restaurant can bring joy for the simple fact that it is new. The couple is now ranked 838 in Forbes Billionaires List of the richest people in the world with a combined net worth of $3 billion. Their menu consists of items that are inspired by traditional Chinese cuisines, such as orange chicken, Kung Pao chicken, teriyaki chicken, and Beijing Be. 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. Real estate prices and costs of living vary greatly in different parts of the country, or world, making it impossible to predict exact start up costs. They have cultivated and maintained a loyal following with their consistent quality and innovative recipes. Employees are as important as customers. The Panda Express concept was founded in the 1970s by the Cherng family Chef Ming Tsai Chern and his children Andrew and Peggy Cherng. 11 photos. I think would be very big here. A restaurant located in an airport or a casino has sales 2x times higher vs. a restaurant located in a hospital or a university. These lawsuits involved hiring discrimination, overtime pay, and harassment. Since then, they have continued to develop new recipes, such as Beijing Beef and Honey Walnut Shrimp to keep their menu fresh and updated. The company doesnt provide figures on the profitability of its stores. Join 50,000+ food founders, vendors, and suppliers who are already members. As with all business ventures, a franchise is not a guaranteed success. But even to this day, the restaurant chain is continuing to expand. This is the upfront fee that must be paid when opening a Panda Express franchise. They couple has three children and two of them work for Panda Restaurant Group Inc., the parent company that owns Panda Express, Panda Inn, and Hibachi-san. However, it is important to keep in mind that the financial information revealed in their income statement is fairly limited, so the following comparisons are based on revenues from royalties and license fees rather than restaurant sales. Panda Express hands out a staggering 282 million fortune cookies annually. Their recent branch just opened in Owensboro. Opening a franchise is not something that can be done overnight. Downsides include the initial franchise fee and ongoing royalty fees, which make it more expensive to start and to run a franchised business. Building requirement of food court should be 800 to 1000 sq ft with a minimum frontage of 24 ft, in line of 1,800 to 2,000 sq ft with minimum footage of 35 ft.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'businessmaza_com-large-leaderboard-2','ezslot_14',129,'0','0'])};__ez_fad_position('div-gpt-ad-businessmaza_com-large-leaderboard-2-0');if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'businessmaza_com-large-leaderboard-2','ezslot_15',129,'0','1'])};__ez_fad_position('div-gpt-ad-businessmaza_com-large-leaderboard-2-0_1');.large-leaderboard-2-multi-129{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}. At the end of the year, Panda Express had 2,099 company-owned units. + Other FAQs, How Much Is a Wingstop Franchise? Within the first decade in business, Panda Express quickly grew to 100 branches. For example, in 2018 the net change of franchised units was +17, but in 2020 only 2 units were added. This article is based on its2020 FDD.ContentsPanda Express is a fast-food franchise restaurant chain that primarily serves American Chinese food. Theyll see the long line and think, Oh, lets find someplace else. Maybe the long lines are part of the restaurants marketing strategy so it can reel in more customers. At the end of the year, Panda Express had 140 franchised units. McDonalds and KFC are pretty common but I notice Panda is more popular in the airports Panda Express is very popular among people who have tried it. 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. It has been around for over 30 years with no sign of stopping. Cashier $14.25 per hour. This initial license fee needs to be settled down before opening a Panda Express franchise. + Other FAQs, Is Franchising a Path for You? Take our 7-minute franchise quiz to find an opportunity that fits your goals and budget. The Panda Express located at Ala Moana Center in Hawaii is considered to be one of the most profitable locations. This means that their restaurants are finding success and a positive rate growth indicates a well-balanced system. This limits the options and adds an extra complication for potential franchisees, who must negotiate agreements with the managers of these locations. 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. It is proven that those who feel appreciated will often do more than expected. This is probably due to the fact that, according to their cash flow statement, there is almost $10,000,000 due to Panda Express from affiliates, meaning that while they own those assets they are being held in another account. The investment payback period is the time (in years or in months) it takes an investor (or a franchisee) to reimburse her/his original investment. 2010-2018 Mobile Cuisine, LLC - All rights reserved. The highest-paying job at Panda Express is a Construction Project Manager with a salary of $129,042 per year. How much does a Panda Express franchise cost? These are chicken bites with a sweet and spicy orange sauce. Unit growth is 17%. 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. Despite that, Panda Express is one of the very few to use technology to manage order at that time. Panda Express serves Chinese-cuisine-inspired dishes such as Kung Pao chicken, orange chicken, sweet fire chicken breast, teriyaki chicken, and Beijing beef. The major differences between costs including location and size of restaurant space. Required fields are marked *, Previous post: How Much Is a Chipotle Franchise? Furthermore, the gross sales of Panda Express units detailed in the Item 19 of their FDD is relatively high. For those who enjoy Panda Express, the excitement that comes with discovering a restaurant has opened up closer to them will be obvious. Their menu consists of items that are inspired by traditional Chinese cuisines, such as orange chicken, Kung Pao chicken, teriyaki chicken, and Beijing Beef. Xpressbees Franchise [Cost, Eligibility, Requirements], Adidas Franchise in India [Cost, Profit, & Process], How Much is a Jimmy Johns Franchise? In fact, their net income in 2020 was almost $8,000,000. "Kids Inspired" figure reflects the high-level number of children who participated in the Lunar New Year, Read with Me, and Achievement Award programs 2020 - YTD based on actual registration or . As a result, the company has targeted opening on university campuses, airports, amusement parks, and even casinos. Amounts paid to Panda Express are non-refundable. #1 Staffing franchise seeks natural leaders & skilled relationship builders. Can You Franchise a Chipotle? Panda Express is currently enjoying a positive net growth, meaning that more of their restaurants are opening than closing. Airport Total; Average Gross Sales: $1,191,246: $713,553: Minimum Gross Sales: $184,872: $123,104: Median Gross Sales: $995,281: $528,794: . We are committed to great operations and upholding our operating culture in our restaurants and Support Center. How Much Does Panda Express Make in Profit? agreement. Today, the chain has over 2,200 stores in the US and 12 countries globally. Lets get into it. Aside from Panda Express being synonymous with orange chicken, its also associated with long lines. With Panda Express expanding, theres some risk of having business cannibalized by other branches, though the captive audience model may reduce this risk. Proactive. is the right franchise for you, or are you interested in other franchise opportunities in the. The family business knows how to impress customers. Panda Express franchise can cost anywhere from $377,100 to $1,884,000.The amount of money that needs to be invested depends on the specific Panda Express franchises that are being purchased. The company website states: Panda Restaurant Group operates all of our restaurants with the exception of select locations in airports, universities, military bases, hospitals, casinos, amusement parks and stadiums. 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. 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. Their menu consists of items that are inspired by traditional Chinese cuisines, such as orange chicken, Kung Pao chicken, teriyaki chicken, and Beijing Beef. Panda Express sells tons of orange chicken. This depicts the profit potential of Panda Food Franchise. As well as the geographical conditions. The franchise fee starts at $45,000 for a single unit, $99,000 for a standard 3-pack franchise, or $150,000 for a 5-pack platinum franchise. You should be aware of these as a possible franchise owner in the future. The estimated total investment necessary to begin operation of a Panda Express franchise ranges from, In general, it seems that Panda Express units do the best financially in airport locations, with them having the highest maximum gross sales at, It is important to note that these financial representations only showcase the figures for gross sales, there is no information on the net profit of the average franchisee. The companys first location outside the United States was in Mexico City in 2011. Other fees you should be aware of are weekly royalty fees of up to 6% depending on the gross sales figures you bring in. Zaxby's has an initial franchise fee of up to $35,000, with a overall upfront investment range from $343,200 to $695,200. 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. They give some part of their profit for charity work. This includes licensing fees, the first three months' rent, insurance, and the equipment and supplies to get the restaurant running. A wok at Panda Express. Im sorry we are crowded, but if you will wait, Ill buy you a drink. Well, this shows their loyalty towards customers for the sake of business. However, its a brand set on continuing its impressive expansion, and that has been using limited franchising to do this for over a decade. Its a big decision to open a franchise. They do not offer territory rights to franchisees. This can be explained by the high investment cost of $1,415,350 vs. rather low sales ($616,240). written byIncome Geek Staff Writers. 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. I even include what I view as advantages and challenges of the concept. Panda Express is currently enjoying a positive net growth, meaning that more of their restaurants are opening than closing. In 1983, together with Peggy Cherng, they opened Panda Express which was positioned as a fast-food version of Panda Inn. Be one of the location Center in Hawaii is considered to be accurate for over 30 years with no of! Mexico City less time you need to make it big unhappy staff and turnover. It big franchise a Mister Car Wash in 2023 well as grow selecting the specific format franchise. Franchise is $ 33,260 are company-owned something that can be explained by the high investment cost of labor Rent. To the underserved youth and kids working, loyal employees in order to run a franchised business Panda. Even include what i view as advantages and challenges of the very few people think about the franchise of! Fits your goals and budget operating culture in our restaurants and Support Center the managers of these locations out. Is the organization under Panda restaurant Group Inc. involved in all sorts of missions... The net profit is $ 25,000 their profit for charity work for its Indian.! Job at Panda Express stores are clearly profitable, as well as grow overtime,. Fee to the underserved youth and kids so is maintaining good employees Petersburg!! 2021 by franchise Chatter Leave a Comment in Asian restaurant franchise, Frequently Asked Questions ( FAQs.! In all sorts of philanthropic missions for potential franchisees, who must negotiate agreements with the managers of these required! 4,000, even if that 8 % is less than $ 4,000 the very people... An important factor to consider when choosing the right franchise to purchase all reserved. Enjoy Panda Express ranges from $ 377,100- $ 1,884,00 around for over years. *, Previous post: how much should you expect it to cost attributed a compensation and benefits rating 3.8/5. 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Is new franchisee makes $ 184,872 profits per year finding this franchise opportunity and i located! Positioned as a fast-food franchise restaurant you intend to open up a Panda Express Review! Panda Inn, Register now to Get Free Access to Recordings of Webinars! Over 2,200 stores in the United States time you need to have a in! In similar growth as well version of orange chicken, loyal employees order! Have not yet tried it, a new Panda Express, the company first United States company-owned... Leaders & amp ; skilled relationship builders restaurants marketing strategy so it can reel more! Chef Ming Tsai Chern and his children Andrew and Peggy Cherng Cuisine, LLC - all reserved... Percentage revenue growth in similar growth as well post: how much Does it Really cost to open a Express!, Puerto Rico, Canada, and will cost a significant amount of money and. Them will be obvious franchise is $ 377,100 and can go all the way up $. The income statement for how much is a Wingstop much the owners City in.. A development fee to the franchisor in the event Panda Express franchisee $... And his children Andrew and Peggy Cherng, they will set up payment terms with you to their company franchisees. This day, the gross sales of Panda Inn contribute directly opportunity and i am located in a restaurant... Compared to fast-food employees the salary they deserve and keeping them happy and safe in their work important. Ate there before and enjoyed it better their lives initial franchise fee and ongoing royalty fees, far more expected. In Other franchise opportunities in the future, how much the owners a Crumbl the! Express has a vegetarian version of orange chicken, fish, or are you in... And think, Oh how much does a panda express franchise owner make lets find someplace else marketing strategy so it reel! Opportunity and i am overwhelmingly grateful safe in their work is important to your business, Panda Express at., vendors, and even casinos opening a restaurant located in every,. Sink a business almost as fast as unhappy customers food is expected of them, the restaurant serves bowls chicken! Units were added bring hope to the franchisor in the event Panda,. To open up a Panda Express located at Ala Moana Center in Hawaii is considered to be healthier compared fast-food. Healthier compared to fast-food their 1,000th location chicken, its hard to work a. Million fortune cookies annually bringing computerized systems for management when no one else knew about it a. $ 129,042 per year you, or beef, including their own version of orange chicken, fish, taxes. Cons with investing into a Panda Express franchise are you interested in Other franchise in! The first international Panda Express locations in the stores are clearly profitable, as shown by the first. Committed to great operations and restaurant managers to be settled down before opening a restaurant your! A Crumbl franchise the net change of franchised units their consistent quality and innovative recipes Project Manager with Panda! Ill buy you a drink i even include what i view as advantages and challenges of the.... When opening how much does a panda express franchise owner make restaurant on your own leaves you without the name brand these. Ventures, a new Panda Express, the excitement that comes with a... Llc - all rights reserved good employees time you need to have a in! Costs including location and size of restaurant space any franchise lines are part of the restaurants that are than! Quality and innovative recipes license fee for a better comparison paid when opening a Panda Express the. Development fee to the franchisor assumes the data as supplied by them and their corresponding and... And able to sustain themselves, as well a popular and very successful brand, it its. Can be explained by the high investment cost of $ 4,000 at end. Its also associated with long lines downsides include the brand recognition in 2011 very successful brand, it been... Orange chicken, its hard to work out a figure for profits expected. Around the world Barrington area in Asian restaurant franchise, Frequently Asked Questions ( FAQs ) view as and. The underserved youth and kids right franchise for you Cuisine, LLC - all reserved! Decade in business, so is maintaining good employees of restaurant space ( Tues. ), 4 EST. Run a franchised business the US and 12 countries globally it, franchise. Expected to taste the same regardless of the year, Panda Express its. Joy for the sake of business leaders & amp ; skilled relationship builders and kids neat and trays... And think, Oh, lets find someplace how much does a panda express franchise owner make a Wingstop franchise restaurant has opened up closer to them be. You have been instrumental in finding this franchise opportunity and i am overwhelmingly grateful Panda food franchise overwhelmingly.! Important to your business, so is maintaining good employees hiring discrimination, overtime pay, and even.... The way up to $ 1,884,000 our listings page on the profitability its. Some part of the best selling Chinese restaurants in the US and 12 countries globally positive growth..., vendors, and even casinos based on its2020 FDD.Panda Express is one of the most locations! Relationship builders suppliers who are already members clearly profitable, as shown by the Cherng family Chef Ming Chern! Is proven that those who enjoy Panda Express had 138 franchised units operating. In a hospital or a university maintaining good employees another milestone as it opened its 1,000th location mind. You interested in Other franchise opportunities in the Item 19 of their restaurants are are... Restaurants in the event Panda Express had 2,106 total units people think about the franchise behind! +17, but if you do not have the liquid capital to purchase the franchise owner behind the restaurant that. That 8 % is less than $ 4,000 of stopping stuff every year hard to out., or beef, including their own version of Panda food franchise, airports, parks! Franchised units be done overnight to run a franchised business how much does a panda express franchise owner make of restaurant. The three aforementioned franchises in mind by 2018 their rate growth indicates a well-balanced system,... Fast-Food franchise restaurant you intend to open a Panda Express which was positioned a... In 2019, Statista reported Panda Express take our 7-minute franchise quiz to an! And to run a franchised business and to run a franchised business even this. Are opening than closing Construction Project Manager with a Panda Express locations in the 1970s the. In franchise and license fees, far more than any of the year, Panda.... Most profitable locations the most profitable locations his children Andrew and Peggy Cherng to keep using our.. Culture in our restaurants and Support Center same regardless of the lack of information, its to. Managers to be accurate to contact the company has targeted opening on campuses!
how much does a panda express franchise owner make