Details
Overview
BurritoBar is a quick-service Mexican food franchise offering a diverse menu of fresh, high-quality ingredients. Known for its vibrant, casual dining atmosphere, BurritoBar aims to provide a unique and enjoyable dining experience. The brand emphasizes fresh food prepared daily on the premises, featuring a variety of proteins and healthier options compared to many competitors.
History
BurritoBar was founded in 2006 by Alex Shtein in Toronto, Ontario. The franchise model was introduced in 2009, and since then, the company has expanded to 130 franchises across Canada, with over 50 new locations in development. In 2019, BurritoBar entered the U.S. market through a master franchise agreement in Michigan, opening its first location in August 2020.
Investment Breakdown
The initial investment required to open a BurritoBar franchise ranges from $341,120 to $626,700. This includes the franchise fee, build-out costs, equipment, and initial inventory. The required minimum net worth is $250,000, and franchisees need to have at least $80,000 in liquid assets. Financing options are available through third-party lenders.
Industry Snapshot
The quick-service Mexican food industry is experiencing significant growth due to rising consumer demand for fast, convenient, and healthy dining options. BurritoBar positions itself competitively within this market by offering fresh, made-to-order meals with a focus on quality and value. The brand's commitment to healthier options and a wide variety protein choices appeals to health-conscious consumers.
Brand Information
| Cost | $25,000 |
| Investment | $341,120 - $626,700 |
| Royalty Fee | 6% |
| Brand Fund Fee | 2% |
| Founded | 2005 |
| Franchising Since | 2021 |
| Locations | 2 |
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