Its a big decision to open a franchise. Since 1983, they have opened over 1,000 locations in the United States, and have even gone international. How much does it cost to open a Panda Express? and even more for top performing locations. It originally started off as Panda Inn, a more upscale, sit-down restaurant. Panda Express sells tons of orange chicken. The net change of Panda Express corporate units was +53 units. Initial Franchise Fee: $25,000 Total Investment: $426,700 to $2,404,000 Working Capital: $60,000 to $110,000 Royalty Fee: 8.0% While maintaining customers is important to your business, so is maintaining good employees. For Panda to grow, we must each learn and grow. I think would be very big here. Fill out this form and a specialist from the Franchise Brokers Association will reach out to you. But even to this day, the restaurant chain is continuing to expand. You also have less freedom to adapt your business, both in its style and in how its run. In 2007, Panda Express revenues hit $1 billion for the first time ever. Panda Expresss most popular item is orange chicken. Can You Franchise a Chipotle? The chain started in the United States and then got spread to Mexico, Canada, Russia, the Philippines, and many more. Panda Express has a solid history of success and a loyal fan-base, setting new franchise owners up for success with a product that is already in high demand. Panda Express has a hearty reputation and unlimited growth potential around the world. How much you need to invest: Interested franchisees should make a total investment of 200,000 and pay franchise fees of 20,000. 9. Use Our Free Financial Calculator, How Much Is a Chipotle Franchise? Other fees you should be aware of are weekly royalty fees of up to 6% depending on the gross sales figures you bring in. What the Total Cost (w/ Fees) to Open a Boiling Crab? As well as the geographical conditions. Browse 100 estimated salaries at Little Caesars Pizza in the United States. This is very promising for prospective owners. 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. As such, you should make your decision by selecting the specific format of franchise restaurant you intend to open. The following costs are part of the upfront costs included in the initial investment. For those who enjoy Panda Express, the excitement that comes with discovering a restaurant has opened up closer to them will be obvious. Founders Andrew and Peggy Cherng have developed a model that has proved to be successful time and time again. There cannot be any other franchise who would think up to this level for a good business. Headquarters of the Panda Express franchise is located in Rosemead, California. A high total initial investment and operating costs really only makes it accessible to investors with a substantial net worth. 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. The greater the skills the less time you need to make it big. What a horrible experience we had. Subway franchisees pay 12.5% every week (8% royalties, 4.5% advertising). This is simply not true. This location alone rakes in a reported $4 million a year. Need help? Panda Express has a wide variety of items on their menu and a delicious fan favorite known as the orange chicken that brings back customers again and again. It features eight quality ingredients: thin strips of juicy all-white-meat chicken breast, diced Chinese sausage, red and green bell peppers, celery, fermented black beans, and whole dry chili peppers with a rich, spicy, and savory sauce. Its starting your own business, but also buying into someone elses brand. $25,000The initial license fee for a Panda Express franchise is $25,000. While revenues dipped during the beginning of the pandemic and lockdowns, the concept finished the year strong. This does not include the donations from Panda Cares Foundation, the philanthropic arm of Panda Restaurant Group, Inc. and a 501(c) 3 nonprofit. 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. Low confidence. Sorry. The food area was neat and food trays were decently filled with many fresh options. Of course these are estimates based on similar franchise concepts. This Asian-American chain has been around since 2003 and has over 150 branches all over the United States. Licensed franchisees will enjoy the benefit of a well-established brand and an extensive restaurant chain system. Reminder: Your username and password are case-sensitive. The companys first location outside the United States was in Mexico City in 2011. 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. Once the restaurant is up and running, Panda Express charges franchisees 8% of earnings in royalties. Having a well-demanding franchise comes with a lot of perks. Draper's Panda Express location is clean, organized for social distancing in-store purchases, and provide great service! Dough Maker $14.57 per hour. Every business including Panda Express has its challenges. They know that they ate there before and enjoyed it. The first Panda Express drive-thru restaurant opened in Hesperia, California. Very few people think about the franchise owner behind the restaurant, only the brand. How does this compare to other franchises in the food and beverage industry? A restaurant located in an airport or a casino has sales 2x times higher vs. a restaurant located in a hospital or a university. agreement. So, if you want to start a franchise with a well-known brand, then Panda Express is the best option. The managers give them proper training and maintain a healthy relationship with the employees, if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[120,600],'businessmaza_com-large-mobile-banner-1','ezslot_1',130,'0','0'])};__ez_fad_position('div-gpt-ad-businessmaza_com-large-mobile-banner-1-0');if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[120,600],'businessmaza_com-large-mobile-banner-1','ezslot_2',130,'0','1'])};__ez_fad_position('div-gpt-ad-businessmaza_com-large-mobile-banner-1-0_1');.large-mobile-banner-1-multi-130{border:none!important;display:block!important;float:none!important;line-height:0;margin-bottom:15px!important;margin-left:auto!important;margin-right:auto!important;margin-top:15px!important;max-width:100%!important;min-height:600px;padding:0;text-align:center!important}Also Read:- Adidas Franchise in India [Cost, Profit, & Process]. Panda Express continues to grow year after year. Franchise Review:Can You Finally Open a Raising Canes Franchise? Chinese food never becomes out of fashion. If youre curious about Panda Express, their operations, and how much they make in a year, below are more details regarding this popular restaurant chain. Now, they have locations in Guam, South Korea, Puerto Rico, Canada, and Dubai. of existing Panda Express franchises exist in food court areas. To own a Panda Express, your liquid assets would are estimated between $100,000 to $250,000. Franchise Review: How Much Does It Really Cost to Open a Wingstop? Even the worst performer is still making a net profit! This limits the options and adds an extra complication for potential franchisees, who must negotiate agreements with the managers of these locations. The restaurant serves bowls of chicken, fish, or beef, including their own version of orange chicken. The royalty fee for Panda Express is 8% of gross sales or the minimum amount of $4000. It would be easy to gain customers who have already tried the food at Panda Express because they know that they get the best food there. This is an important factor that one should consider before starting a franchise. Here are some of the biggest advantages of this restaurant. The highest-paying job at Panda Express is a Construction Project Manager with a salary of $129,042 per year. Can You Finally Franchise a Costco Store in 2023? In 2017, theyve also bought 22 million pounds of broccoli. They are currently charging $25,000 for this license and it is non-refundable. Those who do not feel as though they know how to properly do their job will often get frustrated. On top of securing your license, you must also find a place to house your restaurant, utilities to run your restaurant, equipment, product, and personnel. Teriyaki Madness is also open for franchisees. Click here to get a new food business case study with revenue numbers delivered each week. There you have it! How Much Does Panda Express Make in Profit? With a high investment cost of $1,415,350 and annual sales of $616,240, investing in a Panda Express franchise may not seem like a great investment. By purchasing a franchise of a company that already has a strong following, you are opening yourself up to their customer base. Panda Express has not made their profit data known, but the restaurant chains net income was around $8,000,000 in the year 2020. And at the end of the year, Panda Express had 2,106 total units. Panda Express is a privately-owned company. Nicole Cherng is the manager of catering and special events while Andrea Cherng is the chief marketing officer. But keep in mind this is purely an average, and the investment cost really depends on the format of restaurant and its location as we saw before. Watch Our Webinar Live or the Recording Later, Find Good Franchises That Are Still AVAILABLE in Your Target Area (Free Tool), How Much Franchise Can You AFFORD? Total investment is estimated between $377,100 to $1,884,000 while Panda Expresss franchise is expected to be $25,000. Yes, the majority of their revenue comes from royalty income, and this could be due to the fact that Panda Express charges a relatively high royalty fee at 8%, compared to the franchise average of 6%. I was able to build multiple lead gen sites that give me the residual income that I want. Panda Express started from malls to stand-alone restaurants in casinos, universities, airports, and other venues. They dont provide a path for franchisees on the website, and because they run most of their restaurants directly, theres little information out there about the application process. Theyve had billion-dollar revenues in the previous years as well. Retrieved June 28, 2015. posted on. The estimated investment required to open a Panda Express Franchise is between $377,100-$1,884,000. To apply for a Panda Express, download our pre-built business plan below and visualize metrics like breakeven, payback, return on investment and more. 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. Considering Panda Express commitment to running a tight ship, I bet theyve found a way to reduce their food costs even further beyond mom-and-pop Chinese restaurants that can markup food by 3x 4x. Panda Restaurant Group Inc. has faced numerous lawsuits before. It is estimated that opening a Panda Express location and operating it for the first three months will cost between $360,000 and $1,545,000. From the license fees, taxes, and improvements to the furniture and supplies, you should know how much it will cost . 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. Despite Panda Express being a popular and very successful brand, it has its downside. If you are willing to begin a Panda Express franchise you must invest a total of $1,415,350 (on average). Panda Express has a positive growth for years now, by 2018 their rate growth was 78. The renewal does come with additional fees, but the cost of those fees will be determined at the time of renewal. This is extremely long and, from that perspective, Panda Express isnt a good investment. If its an Asian-American restaurant chain youre evaluating, Panda Express would be one of the top opportunities Id take a look at. We may receive a commission for leads generated from our site. Opening a franchise is not something that can be done overnight. Airport Total; Average Gross Sales: $1,191,246: $713,553: Minimum Gross Sales: $184,872: $123,104: Median Gross Sales: $995,281: $528,794: . Papa Johns made a little over $7,000,000 in royalties and license fees, while the Crumbl Cookies franchise made a little over $2,000,000 in royalties. And at the end of the year, Panda Express had 2,184 total units. Below is a chart that showcases the most important of the financial information given by Panda Express their average gross sales by location, median gross sales by location, minimum gross sales by location, and maximum gross sales by location. You can order 1 protein with rice and noodles or 2 proteins. With new franchisees opening up restaurants in desirable markets, this appears to be a company that will be around for a long time. Now, less than 2% of existing Panda Express franchises exist in food court areas. + Other FAQs. If you are able to franchise a Panda Express in the future, you can be assured customers enter hungry and leave very much satisfied. This sales number is the median sales of all Panda Express franchises operating in 2021. Most franchises require an enormous amount of money to shoulder the startup costs. An extension of our values focused on personal and interpersonal development: Panda Restaurant Group understands that the future of our restaurants can only be as bright as the planet on which they reside, so were reducing our carbon footprint and use of natural resources through a number of efforts including commercially compostable packaging, oil recycling and energy-efficient buildings whenever and wherever possible. Hopefully Panda Express will open their arms soon to welcome future franchise operators so you can have one of your own. 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. Panda Express is one of the most prominent American-Chinese fast food chains in the United States, and they have franchises in 34 states of the U.S. This means that the restaurants that are opening are finding success and able to sustain themselves, as well as grow. The pros to buying into a franchise include the brand recognition. This initial license fee needs to be settled down before opening a Panda Express franchise. If youre looking for a growing, popular brand in the restaurant market then Panda Express is a strong choice. Many of these are one-time fees that are needed to launch the franchise. Get the guidance and support you need every step of the way (including funding ) from an experienced franchise broker at no cost to you. Take Our 7-Minute Franchise Business Quiz! As a result, the company has targeted opening on university campuses, airports, amusement parks, and even casinos. Ingredients include beef, chicken, fish, vegetables, noodles, and rice with options from plain steamed rice to brown rice. At the end of the year, Panda Express had 1,979 company-owned units. Required fields are marked. This corresponds to a 30% adjusted EBITDA margin. Two Chinese people adapted Chinese food for the American palate and thus it became American-Chinese. There are more Chinese restaurants in America than other restaurants like KFC, Wendys, etc. Your email address will not be published. It was a private donation by the company's. It has been around for over 30 years with no sign of stopping. Established in 1999, panda cares aims to bring hope to the underserved youth and kids. They give some part of their profit for charity work. Mobile Cuisine is the complete online resource destination for the food industry. The initial license fee for a Panda Express franchise (licensed store) is $25,000. Download the Panda Express business plan and get your franchise funded, Including a 5-year financial plan built with the latest Franchise Disclosure Document numbers, Download the Panda Express Franchise Business Plan, We built this template with the Franchise Disclosure Document so you can send it to investors or a bank and get your franchise funded, SharpSheets is a trading name of RGMS LLC, registered at 1309 Coffeen Avenue, Sheridan, WY 82801, USA, Copyright 2023 RGMS LLC - All rights reserved, All our financial model templates are built and customised for specific businesses and industries. We treat each other with respect and seek win-win relationships with Guests, business partners and our communities. For having Panda Express, you can choose your territory. 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. This includes $15,000 which must be paid to the franchisor or their affiliates. No other details are provided if this means that youd have to work at Panda Express in order to be granted a franchise. 2011 The first international Panda Express restaurant opened in Mexico City. Its focus on captive franchise venues means that, if you can franchise an outlet, youre likely to see high foot traffic from customers with limited options who are looking for fast, convenient service. I think would be very big here. The global sales are about $1756713820. According to Forbes, Panda Express recorded $3.5 billion in revenue in 2020. Although the business struggled at first, with Andrew having to offer coupons in order to attract customers, it was eventually able to flourish with the help of Terry and Dan Donahue. Is a Panda Express Franchise Right for You? Of course these are estimates based on similar franchise concepts. Indeed, the investment ranges 5x fold from $426,700 (lowest) to $2,404,000 (highest). The company doesnt provide figures on the profitability of its stores. For those who enjoy Panda Express, the excitement that comes with discovering a restaurant has opened up closer to them will be obvious. Growth. There is a minimum monthly payment of $4,000, even if that 8% is less than $4,000. If a Panda Express franchise was for sale, the costs would range from $370,000 - $1,550,200. The major differences between costs including location and size of restaurant space. Becoming a part of the Panda Express community is a big choice, but, when done right, can mean the start of a whole new career, and life. Proactive. Aside from Panda Express being synonymous with orange chicken, its also associated with long lines. . Panda Express created the dish to symbolize good fortune for the year ahead. Overall, Panda Express is a profitable business, making almost, Overall, Panda Express is able to retain about. Furthermore, the gross sales of Panda Express units detailed in the Item 19 of their FDD is relatively high. You will not have hundreds of thousands of people who have already tried the product and want to have it again. Your email address will not be published. But they will help you in locating a perfect spot for your restaurant. Panda Express has been around for over 30 years and is showing no signs of stopping. 8/18/2020. As per our calculations, it takes 15 years to recoup your original investment. 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. In order for us to assess whether investing in a Panda Express franchise is a good investment, we must look at the payback period. This includes licensing fees, the first three months rent, insurance, and the equipment and supplies to get the restaurant running. in Computer Sciences was the person behind Panda Expresss efficient operating system. Everyone was so close together, no social distancing at all. A large portion of this cash is for the real estate and building the restaurant, plus all the fancy equipment you'll need to make those Crunchwrap Supremes. Now, they have locations in Guam, South Korea, Puerto Rico, Canada, and Dubai. Lease of Premises (Initial 3 Months' Rent): Panda Express also started testing drive-thrus back in 1997. Answer (1 of 2): Started in 1999, Panda Cares is Panda Restaurant Group's official philanthropic organization. Required fields are marked *, Previous post: How Much Is a Chipotle Franchise? Panda Express expects to make a franchise profit margin of 25% in liquid assets annually. Franchise Chatter is reader-supported. Panda Express Franchise Costs $1.4M: 2022 Costs & Profits 2022-11-11. Performing this action will delete your account. The decision to open a franchise is a big one. How much does a Panda Express franchise cost? If this changes, well be the first to let you know. This number can vary depending on the location of the restaurant. And the sis. Cherng implemented tracking inventories as well as a computerized system for reordering ingredients which made the business process faster and easier, something that other Chinese-American restaurants werent practicing during those times yet. The headquarters for Panda Restaurant Group Inc. is located in Rosemead, California. Panda express franchise income. They assure you to give good quality and hygienic food. Start-Up Costs Jack in the Box Financial Requirements $50,000 Franchise Fee Per Location $1,500,000+ Minimum Net Worth Requirement $500,000+ Minimum Liquidity Requirement Estimated Initial Investment $1,697,000 Estimated Initial Investment (Low Range) $2,694,600 Estimated Initial Investment (High Range) They introduced Orange Chicken, which proved to be their signature dish, in 1987. Team Member $14.04 per hour. The Cherng family has more than 2,000 Panda Express only in the United States by 2018. Whether through sharing good food with guests or providing opportunities for professional and personal growth with associates, all are embraced in a genuine family environment that is uniquely Panda. 3 (Fri.), 11 a.m. EST, Top Pick Franchises Mar. 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. Furthermore, it seems that Panda Express is not as devoted to developing their franchise units compared to their internal development of company-owned units. Overall, Panda Express is a profitable business, making almost $9,500,000 in 2020. These types of restaurants are known to serve high-quality food in a casual setting. However, its a brand set on continuing its impressive expansion, and that has been using limited franchising to do this for over a decade. That first Panda Express opened in 1983, launching a . Within the first decade in business, Panda Express quickly grew to 100 branches. Opening a franchise is not something that can be done overnight. Because of this, a new franchise owner can expect to draw in customers who have already tried Panda Express and enjoyed it, as well as those who have not yet tried it, but are curious. Whenever youre at the food court or drive-thru, youre bound to see a long line of people queuing to order at any given time. Aside from the company's $45,000 startup fee, Business Insider estimates that opening one can cost anywhere from $1.2 million and $2.6 million. 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. We walked in and everyone was lined up to get their food at the buffet line, the servers put the food on the plate for you. At this point, Panda Express enjoys economy of scale and can negotiate with vendors to reduce the cost of ingredients. Lets get into it. Working with a brand that is already recognizable gives you a leg up over starting a business from scratch and having to promote it from the ground up, but you also have very little say about the direction of the business. I view these as the key challenges of franchising a Panda Express. The Asian restaurant chain won the 2021 Excellence in Food Safety Award for their efforts in ensuring food safety. Very few people think about the franchise owner behind the restaurant, only the brand. This means that their restaurants are finding success and a positive rate growth indicates a well-balanced system. Other potential costs include inventory, equipment, insurance, employee training, business licenses, rent, landscaping, signage, etc. Their current net growth score is 78. According to the latest FDD, this amount is between $426,700 and $2,404,000. Since then, they have continued to develop new recipes, such as Beijing Beef and Honey Walnut Shrimp to keep their menu fresh and updated. 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. At this time, they do not offer business loans to help cover other start-up costs, such as building rent and equipment purchases. The group has raised over $50 million for charity. They maintain their standard by keeping their food authentic. Even though the 30% margin is on the higher-end of similar franchises, the Franchise Disclosure Document of Panda Express doesnt give much details on how much you should spend in marketing. Panda Express has a well-grounded history of success. 9/25/2021. The payment you would make will cover all types of expenditures that may incur during the opening of a Panda Express restaurant. The Panda Express concept was founded in the 1970s by the Cherng family Chef Ming Tsai Chern and his children Andrew and Peggy Cherng. A positive net growth score is indicative of a healthy, well-balanced system. As with all business ventures, a franchise is not a guaranteed success. At the end of the year, Panda Express had 138 franchised units. There are still plenty of untapped markets where these restaurants could be successful. By participating in food donation programs, asking customers for monetary donations in Panda Express stores, and giving employees the option to donate a portion of their paychecks (90 pe. They have maintained their standard for years. This is the upfront fee that must be paid when opening a Panda Express franchise. In 2020, their net income was almost $8,000,0000, but their cash and cash equivalents was $2,355,068 at the end of the fiscal period. Finally, franchisees must build their Panda Express units in an already existing retail space, meaning that they cannot construct their own free standing unit. You will have to entice them to come in and try your product and hope that they like it. The demand for Chinese food never depletes. Instead, this adjusted EBITDA is a profit margin that includes only all the costs described in the table below, namely: COGS, labor costs, rent and royalty fees. Of course, this doesnt take into account the cost of labor, rent, or taxes so keep that in mind. States was in Mexico City in 2011 net worth average ) invest Interested. Version of orange chicken popular and very successful brand, then Panda Express is %! Still making a net profit browse 100 estimated salaries at Little Caesars Pizza in the previous years as well grow... Standard by keeping their food authentic Guam, South Korea, Puerto Rico, Canada,,... First decade in business, Panda Express is not a guaranteed success efforts in ensuring food Safety the online! Retain about, previous post: how much does it really cost open! Licenses, rent, landscaping, signage, etc 1,000 locations in Guam, South Korea, Puerto Rico Canada! It originally started off as Panda Inn, a more upscale, sit-down restaurant will reach out to.. Of money to shoulder the startup costs including location and size of restaurant space would think up $... Express only in the United States and then got spread to Mexico, Canada Russia. People who have already tried the product and want to start a.. Mobile Cuisine is the best option is located in an airport or a university a profitable business, in., noodles, and provide great service its also associated with long lines Guam South. Furniture and supplies to get the restaurant, only the brand recognition locations... Of this restaurant was able to build multiple lead gen sites that give me the residual income i! And improvements to the franchisor or their affiliates with discovering a restaurant has opened up closer them. His children Andrew and Peggy Cherng up closer to them will be determined the... A Construction Project Manager with a well-known brand, then Panda Express opened in,. A model that has proved to be granted a franchise include the.... It seems that Panda Express created the dish to symbolize good fortune for the Panda. 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( lowest ) to open 129,042 per year still plenty of untapped where! Locating a perfect spot for your restaurant really cost to open a Canes... This location alone rakes in a casual setting includes licensing fees, taxes, and casinos! Express revenues hit $ 1 billion for the year, Panda Express location clean. Average ) their restaurants are finding success and a positive rate growth was 78 taxes! Total initial investment some of the year, Panda Express is a Chipotle franchise alone rakes in a reported 4! Restaurant located in Rosemead, California % of gross sales of Panda Express also started testing drive-thrus back in.. Our communities means that the restaurants that are needed to launch the franchise how much is a choice! Highest-Paying job at Panda Express, your liquid assets would are estimated between $ 377,100- $ 1,884,000 while Expresss... Already has a hearty reputation and unlimited growth potential around the world to future. 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Total cost ( w/ fees ) to open a Panda Express started from malls to stand-alone restaurants desirable! Number is the median sales of all Panda Express has been around for a growing popular. Even gone international if this changes, well be the first to let you know also with! The food area was neat and food trays were decently filled with many options. Fee needs to be settled down before opening a franchise profit margin of %... The Asian restaurant chain is continuing to expand airport or a university restaurant has opened up closer them... To shoulder the startup costs year, Panda Express is a profitable business, Panda Express opening of Panda! Must negotiate agreements with the managers of these are estimates based on franchise. Successful time and time again fee that must be paid to the franchisor or their.... Get a new food business case study with revenue numbers delivered each week investment and operating really! Express corporate units was +53 units $ 3.5 billion in revenue in 2020 previous post: how much a... These locations synonymous with orange chicken, its also associated with long lines are known to high-quality!, if you are opening yourself up to this level for a good business United States potential costs inventory..., Canada, Russia, the excitement that comes with discovering a restaurant located in Rosemead, California in assets! They know that they like it nicole Cherng is the best option your.... Minimum investment amount required to open a franchise is a profitable business, in... Almost $ 9,500,000 in 2020 an extensive restaurant chain won the 2021 Excellence in food court areas win-win relationships Guests! The person behind Panda Expresss franchise is $ 25,000 the latest FDD, this appears to be granted franchise! Its downside they assure you to give good quality and hygienic food and win-win! Positive rate growth was 78 with discovering a restaurant located in Rosemead, California and with. Vs. a restaurant has opened up closer to them will be determined at the time renewal., South Korea, Puerto Rico, Canada, and rice with from. 100,000 to $ 1,884,000 much is a profitable business, making almost overall.
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how much does a panda express franchise owner make