New Royalty Incentive Plan Launched By Taco John's
By: Multi-Unit Franchisee
Published: December 7th, 2020
Taco John’s has announced a new royalty incentive plan targeted to new franchisees in 2021. The new program will be available to franchisees who sign-on to develop traditional free standing units, and includes specific offers for area development agreements and single-unit development deals. The company said in a statement the program is a limited time offer that gives franchisees the opportunity to invest what would have been spent on royalties back into their restaurants.
The brand is offering qualified candidates who sign a development deal the following incentives:
- 5+ unit area development agreements (ADA) signed in 2021 will enjoy reduced royalties of 2% in year one, 3% in year two, and 4% in year three for all stores opened in the first four years.
- For stores opening in the first four years of the ADA, Taco John’s will make up to $10,000 available for local store marketing to spend during the first 120 days after opening.
- Single-unit development agreements signed in 2021 and with stores opening in 2021 will enjoy reduced royalties of 1% in year one, 2% in year two, 3% in year three, and 4% in year four.
- For stores opening in 2021, Taco John’s will make up to $10,000 available for local store marketing to spend during the first 120 days after opening.
- Single-unit development agreements signed in 2021 and with stores opening in 2022 will enjoy reduced royalties of 2% in year one, 3% in year two, and 4% in year 3.
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