Tony Roma's runs casual dining restaurants with menus featuring ribs, steak, seafood, sandwiches, and full bar services. The franchise also includes TR Fire Grill bistros specializing in artisanal cuisine.
Key Insights
- Tony Roma's began as a singular establishment focused on a signature menu item, eventually growing into an international presence through strategic franchising. Its evolution is a testament to a consistent brand identity and a commitment to a specific culinary experience that has resonated with diners globally, paving the way for expansion across continents and cultures.
- The franchise operates as a full-service casual dining restaurant, renowned for its ribs, steaks, and seafood. The business model emphasizes a welcoming atmosphere and a menu designed for broad appeal, supported by standardized operational procedures and supply chain management to ensure consistency across all locations.
- The casual dining sector is a significant segment of the food service industry, characterized by a demand for accessible and enjoyable eating experiences. Tony Roma's participates in this competitive landscape by offering a well-established brand with a loyal customer base and a proven operational framework for franchisees.
Franchise Fee and Costs to Open
Exploring the financial picture of Tony Roma's gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $2,138,500 - $3,536,000, along with a franchise fee of $40,000 - $40,000.
Financial Performance and Revenue
Yearly gross sales of $2,455,561 and estimated earnings of $171,890 - $245,557 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 14.1-16.1 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Tony Roma's provides comprehensive training for new franchisees. Initial training, typically lasting two weeks, takes place at Tony Roma's corporate training facility. The program offers hands-on instruction covering restaurant operations, brand standards, and customer service. Tony Roma's also provides extensive operational manuals and ongoing support resources to assist franchisees.
Legal Considerations
Legal considerations for a Tony Roma's franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
Operating a Tony Roma's franchise presents several considerations for prospective owners. Navigating a local market saturated with dining options requires strategic differentiation. The intricate nature of maintaining consistent food quality and service standards across all operational facets demands meticulous attention. Furthermore, dependence on established supply chains for signature ingredients necessitates robust vendor relationships and contingency planning for potential disruptions.
Franchise Datasheet
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