Frequently Asked Questions
Q: How do I know where development areas are available? How do I know there are sites in these markets?
A: These are the markets currently open for development. The site selection process helps you determine a specific site.
- Rhode Island
- New York
- New Jersey
- New Hampshire
- North Carolina
Q: Do I need previous restaurant or franchising experience to become a Margaritas’ franchisee?
A: Yes – both are preferred and restaurant experience is required.
Q: Is Margaritas’ offering single and multi-unit restaurant franchise opportunities?
A: We are currently seeking qualified candidates to open multi-unit franchises only.
Q: What are the initial franchise fee and related fees?
- Initial Area Development Agreement Fee – $10,000 per restaurant to be developed
- Initial Franchise Fee – $40,000
- Royalty Fee – five percent (5%) of gross sales Advertising Brand Fund Fee- currently one half of one percent (½%) of gross sales
Q: Does Margaritas offer financing?
A: No, we don’t provide financing but we do have third party relationships that can assist you in obtaining financing.
Q: How soon can I expect my Margaritas franchise to open?
A: Your first restaurant will generally open within 12 months of signing your restaurant franchise agreement. That said, if you have real estate already identified, that timeline can be greatly reduced.
Q: Will I receive assistance in planning my Margaritas restaurant opening?
A: Yes. Every opening of a Margaritas restaurant receives training, operations, marketing and public relations support.
Q: What should I look for in a restaurant site?
A: The Requirements page explains the site traits and demographics we seek for a restaurant. Just remember these are the basics; it is a complex process.
Q: Do I need to actually work in my stores?
A: No. However, each restaurant must, at all times, have full-time, qualified, experienced Managers (see the Requirements page). You should be prepared to manage and control your business on a daily basis or hire an Operations Partner to manage your business.
Q: How much profit can I expect to make?
A: We do not make profit claims. Our Franchise Disclosure Document (FDD) discusses sales and cost ranges. The amount you could make is based on many variables such as: retail sales mix, sales margins, location, occupancy costs, operating costs, financing costs, local labor rates and other factors.
Q: Where can I obtain the following information on the franchisor’s financial statements, a copy of the Franchise Agreement, list of fees, royalties, initial franchise fees, etc.?
A: This information is in the FDD. To obtain a copy of FDD, please complete the online Request for Consideration.