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]. At the end of the year, Panda Express had 140 franchised units. 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. The Orange Chicken entree was invented by Chef Andy Kao for Panda Express. The investment amount represents the average of both the minimum and the maximum amount you need to pay, depending on your location and other factors. 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. Panda express franchise income.In 2007, Panda Express celebrated another milestone as it opened its 1,000th location. It costs money to hire and train new employees. However, there are some cons with investing into a Panda Express franchise. Very few people think about the franchise owner behind the restaurant, only the brand. However, the military locations outperform airport locations for total gross sales at $39,026,818 and the casino locations outperform for minimum gross sales at $420,343. Panda Express is a fast-food franchise restaurant chain that primarily serves American Chinese food. They know that they ate there before and enjoyed 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. These are chicken bites with a sweet and spicy orange sauce. 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. And at the end of the year, Panda Express had 2,239 total units. As mentioned above, they sell literally millions of pounds of the stuff every year. 3 (Fri.), 11 a.m. EST, Top Pick Franchises Mar. Panda Express opened its first location in 1983 and has been growing steadily ever since. Panda Express has been around for over 30 years and is showing no signs of stopping. You'll pair people in your community with the jobs of their dreamsall while achieving yours. Should that happen, your business is effectively dead. 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. You will not have hundreds of thousands of people who have already tried the product and want to have it again. You must pay a development fee to the franchisor in the. The pros to buying into a franchise include the brand recognition. The pros to buying into a franchise include the brand recognition. Now she's joined the family business, which rang up $2.2 billion in sales in 2014, a privately-held empire of 1,800 restaurants and 27,000 employees with stores across the United States, Mexico . In spite of massive growth, Panda Express is still considered a family business with couple Andrew and Peggy Cherng at the helm. And at the beginning of the year, Panda Express had 2,005 total units. Im sorry we are crowded, but if you will wait, Ill buy you a drink. Well, this shows their loyalty towards customers for the sake of business. Your email address will not be published. Overall, Panda Express has a wide range of additional costs and fees. 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. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[120,600],'businessmaza_com-medrectangle-3','ezslot_12',112,'0','0'])};__ez_fad_position('div-gpt-ad-businessmaza_com-medrectangle-3-0');if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[120,600],'businessmaza_com-medrectangle-3','ezslot_13',112,'0','1'])};__ez_fad_position('div-gpt-ad-businessmaza_com-medrectangle-3-0_1');.medrectangle-3-multi-112{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}When you hear American-Chinese, the first question that comes to your mind is whether it is American or Chinese. This does not include the Panda Express Owner Salary. So, if you think your chances are bright regarding snagging a Panda . If you are willing to begin a Panda Express franchise you must invest a total of $1,415,350 (on average). 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. Since then, they have continued to develop new recipes, such as Beijing Beef and Honey Walnut Shrimp to keep their menu fresh and updated. For franchisees with established relationships with the brand and multiple stores, there may be room to negotiate, and the company has gone as low as $7,500, but this fee wont be negotiable for new franchisees. They have also established the Wok Smart menu in an attempt to provide healthier meal options to their customers. 2300. With this connection, they were able to expand their restaurant concept into food courts, creating the now-known fast food restaurant Panda Express. Overall, Panda Express is a profitable business, making almost, Overall, Panda Express is able to retain about. I view these as the key challenges of franchising a Panda Express. In the beginning, the restaurant chains were mostly found in food courts in malls. Once when Andrew was interviewed by the Los Angeles Times, he told them that they had a back door to the restaurant and he would go to the parking lot and say, Thank you for coming. Email franchisechatterblog@gmail.com, Your website and you have been instrumental in finding this franchise opportunity and I am overwhelmingly grateful. (David F., subscriber), Best Automotive Wheels and Tires Franchises, Best Kitchen and Bath Remodeling Franchises, Rocky Mountain Chocolate Factory Franchise. Your email address will not be published. 8/18/2020. Though the high traffic is good for business, it can also drive potential customers away. When workers feel abused or taken for granted, their desire to go above and beyond drops and their work performance suffers. We do not offer franchises at this time. Take Our 7-Minute Franchise Business Quiz! Looking at other Asian restaurants might give you an idea of profitability, and Franchise Chatters comparison tools can help you with this. This means employees manage the day-to-day operations of a location, instead of a franchisee. This gives your restaurant instant credibility and a wider selection of potential customers. Airport Total; Average Gross Sales: $1,191,246: $713,553: Minimum Gross Sales: $184,872: $123,104: Median Gross Sales: $995,281: $528,794: . The chain has enjoyed double-digit percentage revenue growth in similar growth as well. Last updated on November 6, 2021 by Franchise Chatter Leave a Comment in Asian Restaurant Franchise, Frequently Asked Questions (FAQs). Your email address will not be published. They are more than willing to offer tools and support to help your restaurant succeed. 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. However, it is important to keep in mind that the financial information revealed in their income statement is fairly limited, so the following comparisons are based on revenues from royalties and license fees rather than restaurant sales. Its franchising journey began in 2011 with the first international restaurant in Mexico. Their menu consists of items inspired by traditional Chinese cuisine, such as orange chicken, Kung Pao chicken, teriyaki chicken, and Beijing beef. 2011 The first international Panda Express restaurant opened in Mexico City. In fact, given the high initial investment for a Panda Express franchise, one possible implication is that there might be a high operating cost, which could eat into even the high gross sales of Panda Express. "Kids Inspired" figure reflects the high-level number of children who participated in the Lunar New Year, Read with Me, and Achievement Award programs 2020 - YTD based on actual registration or . Also, their expenses are relatively small compared to their revenue, meaning that they are able to make a significant net profit according to their income statement. Owning a franchise comes with a lot of perks, but it also comes with some catches. 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. As per our calculations, the average Panda Express franchisee makes $184,872 profits per year. This number can vary depending on the location of the restaurant. How To Start A Panda Express Franchise In 2022. They have cultivated and maintained a loyal following with their consistent quality and innovative recipes. 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. In general, it seems that Panda Express units do the best financially in airport locations, with them having the highest maximum gross sales at $3,453,579; highest average gross sales at $1,191,246, and highest median gross sales at $995,281. It also has a vegetarian version of orange chicken with paneer for its Indian location. To own a Panda Express, your liquid assets would are estimated between $100,000 to $250,000. The company estimates that the overall initial investment needed to buy one of its franchises ranges from $1,008,000 to $2,214,080. Now, they have locations in Guam, South Korea, Puerto Rico, Canada, and Dubai. Total investment is estimated between $377,100 to $1,884,000 while Panda Express's franchise is expected to be $25,000. Detail of investment in Panda Express Franchise: Lease or rent of premise for initial 3 months. Team Member $14.04 per hour. This article is based on its2020 FDD.ContentsPanda Express is a fast-food franchise restaurant chain that primarily serves American Chinese food. This does not include the Panda Express Owner Salary. Panda Restaurant Group Inc. has faced numerous lawsuits before. $25,000 is the initial fee for a Panda Express franchise (licensed store). Everyone was so close together, no social distancing at all. They sell approximately 70 million pounds of orange chicken every year. What to Expect in a New Panda Express Restaurant. The meal is also served extremely quickly and picked-up through a drive-thru location with a Panda Express making it a more convenient experience. Keeping your staff happy and treating them properly helps ensure they stay with your company longer. Panda Express Franchise Benefits Panda Express Franchise Benefits your business in many ways. Now, less than 2% of existing Panda Express franchises exist in food court areas. 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. Click here to get a new food business case study with revenue numbers delivered each week. These types of restaurants are known to serve high-quality food in a casual setting. And the sister company of Panda Express is Panda Inn, which is a more upscale, table service restaurant that offers similar meal items. Can You Franchise a Chipotle? While they do not offer territory rights to franchisees, they will assist with locating the perfect spot for your restaurant. According to Forbes, Panda Express recorded $3.5 billion in revenue in 2020. The initial license fee for a Panda Express franchise (licensed store) is $25,000. Since 1983, they have opened over 1,000 locations in the United States, and have even gone international. In fact, the majority of Panda Express locations in the United States are company-owned. Those who do not feel as though they know how to properly do their job will often get frustrated. If a customer tries the Orange Chicken in Tulsa, OK and loves it, but then orders it from you in California and the food is dry, cold, and unflavorful, it will leave a him with a sour impression of Panda Express. $25,000The initial license fee for a Panda Express franchise is $25,000. 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. Despite that, Panda Express is one of the very few to use technology to manage order at that time. Many of these are one-time fees that are needed to launch the franchise. You can also check out the, Sharing How I earn 6 figures in 2019 using the right business. The company website states: Panda Restaurant Group operates all of our restaurants with the exception of select locations in airports, universities, military bases, hospitals, casinos, amusement parks and stadiums. 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. 7 (Tues.), 4 p.m. EST, Register Now to Get Free Access to Recordings of Both Webinars. + Other FAQs. Having a well-demanding franchise comes with a lot of perks. This can be explained by the high investment cost of $1,415,350 vs. rather low sales ($616,240). However, there are some cons with investing into a Panda Express franchise. Overall, Panda Express is a profitable business, making almost $9,500,000 in 2020. At the beginning of the year, Panda Express had 125 franchised units. Notify me of follow-up comments by email. In 2017, theyve also bought 22 million pounds of broccoli. Within the first decade in business, Panda Express quickly grew to 100 branches. The first Panda Express unit was founded in the Glendale Galleria in Glendale, California. If its an Asian-American restaurant chain youre evaluating, Panda Express would be one of the top opportunities Id take a look at. No other details are provided if this means that youd have to work at Panda Express in order to be granted a franchise. + Other FAQs, Next post: How Much Is a Wingstop Franchise? Poor training can also be a factor in unhappy staff. If youve been to a Panda Express then you know that they have an extensive menu. Answer In order for us to assess whether investing in a Panda Express franchise is a good investment, we must look at the payback period. 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. The servings are generous too. Lets get into it. Furthermore, for the amount of Panda Express units existing in the system, the growth rate is relatively small, but this could be due to the COVID pandemic in 2020. This is the upfront fee that must be paid when opening a Panda Express franchise. At the beginning of the year, Panda Express had 2,046 company-owned units. Please contact me at 847-490-4648 OR 847-942-6451 at your earliest convenience. Of course these are estimates based on similar franchise concepts. The chain store was founded by Andrew Cherng, Peggy Cherng, and Master Chef Ming Tsai Cherng, Andrews dad, in 1983. 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. Opening a franchise is not something that can be done overnight. Growth in sales is 19.80%. Panda Express created the dish to symbolize good fortune for the year ahead. Because of the costs to set up a franchise, you will need to demonstrate that youre financially stable, and that you have the skills and experience to run the restaurant. They have cultivated and maintained a loyal following with their consistent quality and innovative recipes. Aside from actually running your business, you will also have to stay in compliance with your parent company, Panda Express. The investment amount represents the average of both the minimum and the maximum amount you need to pay, depending on your location and other factors. Opening a restaurant on your own leaves you without the name brand. You also have less freedom to adapt your business, both in its style and in how its run. Use Our Free Financial Calculator, How Much Is a Chipotle Franchise? Panda Express has not made their profit data known, but the restaurant chains net income was around $8,000,000 in the year 2020. paid to the franchisor or their affiliates. Panda Express has policies in place to help ensure the continuity of flavors and quality across all of their locations. They know that they ate there before and enjoyed it. Initial License Fee: Their licensing fee stands at $25,000, and this fee is non-refundable by any means. For those who enjoy Panda Express, the excitement that comes with discovering a restaurant has opened up closer to them will be obvious. People love choices, and introducing a new option to the mix may be the ticket to getting them through the door. Giving. Panda Express believes in treating its employees rightly. Does panda express franchise. Now, it's important that the franchisor is also making money. Panda Express is synonymous with orange chicken and the company sells 285,000 plates each year. Panda Express is an American fast-food restaurant chain best known for its American Chinese cuisine. Review | Cost & Profit, Ekart Logistics Franchise [Cost, Profit & Process], FirstCry Franchise [Cost, Profit, & Eligibility], How to Get Big Bazaar Franchise [Cost, Profit & Process], Yewale Tea Franchise Full Details | Cost | Contact No. How much does it cost to open a Panda Express? Employees are as important as customers. Required fields are marked *, Previous post: How Much Is a Chipotle Franchise? Cancel, would actually like to open a Panda Express in Saint Petersburg Russia! The Panda Express concept was founded in the 1970s by the Cherng family Chef Ming Tsai Chern and his children Andrew and Peggy Cherng. 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. To own a Panda Express, your liquid assets would are estimated between $100,000 to $250,000. The idea was to serve people the best American-Chinese cuisine and they never took their customers for granted. The major differences between costs including location and size of restaurant space. Required fields are marked. Panda Express Franchise Fee $25,000 Despite Panda Express being a popular and very successful brand, it has its downside. Can You Franchise a Chipotle? 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. The following costs are part of the upfront costs included in the initial investment. Lets dive in! The royalty fee for Panda Express is 8% of gross sales or the minimum amount of $4000. It is a competitive advantage. If you are looking for a business opportunity that is not only scalable but can also give you great rewards, then I invite you to check it out. At this time, they do not offer business loans to help cover other start-up costs, such as building rent and equipment purchases. Based on the multi-decade growth there would clearly be many advantages to franchising a Panda Express. 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 initial license fee needs to be settled down before opening a Panda Express franchise. Unit growth is 17%. This depicts the profit potential of Panda Food Franchise. Dough Maker $14.57 per hour. Other fees you should be aware of are weekly royalty fees of up to 6% depending on the gross sales figures you bring in. In the beginning, Panda Express was only found in food courts, but eventually they expanded into brick and mortar concepts. Even the worst performer is still making a net profit! Panda Express is currently enjoying a positive net growth, meaning that more of their restaurants are opening than closing. They are currently charging $25,000 for this license and it is non-refundable. How to Find, Vet and FUND a Good Franchise (Webinar), Buying a Franchise on Your Own Can Be Overwhelming, How to Find, Vet & FUND a Good Franchise. 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. This is probably due to the fact that there exist many more Panda Express corporate units than franchised units, which could be a sign that Panda Express invests most of its energy and resources into internal development instead of to their licensed/franchised system. Their menu consists of items that are inspired by traditional Chinese cuisines, such as orange chicken, Kung Pao chicken, teriyaki chicken, and Beijing Beef. The net change of Panda Express corporate units was +53 units. I am located in Illinois, Hoffman Estates, South Barrington area. In preparing the figures, Panda Express relied on its affiliates over 21 years of experience in the restaurant business. How Much is a Panda Express Franchise? Investment Details It was also around this time that theyve opened their 1,000th branch in Pasadena, California. Now, they have locations in Guam, South Korea, Puerto Rico, Canada, and Dubai. As of today, there are Panda Express restaurants in Canada, Guam, Puerto Rico, Dubai, and South Korea. Need help? We give our time and resources to support each other and our communities. $251,500 - $815,000. How does this compare to other franchises in the food and beverage industry? All in all, the investment to sales ratio is 0.4x which is mediocre. Chinese food never becomes out of fashion. The beginning operation of Panda Express ranges from $377,100- $1,884,00. The Panda Express has more than 1500 outlets in 45 states of the United Express. Panda Express is a successful and growing restaurant chain that has proved very popular with customers. Aside from Panda Express being synonymous with orange chicken, its also associated with long lines. In fact, given the high initial investment for a Panda Express franchise, one possible implication is that there might be a high operating cost, which could eat into even the high gross sales of. Please renew to keep using our services. How much does it cost to franchise a Panda Express in the United States? With this connection, they were able to expand their restaurant concept into food courts, creating the now-known fast food restaurant Panda Express. Non-Refundable by any means instant credibility and a wider selection of potential customers options to their customers for.... 1,008,000 to $ 2,214,080 a drink fee needs to be granted a franchise include the Panda Express had company-owned... Existing Panda Express ranges from $ 377,100- $ 1,884,00 well-demanding franchise comes with discovering a has... Chicken and the company sells 285,000 plates each year, Next post: how Much is a business! Of a location, instead of a location, instead of a franchisee from Panda Express has in. The beginning operation of Panda Express recorded $ 3.5 billion in revenue in 2020 Owner behind the restaurant...., California its American Chinese food their customers for the year, Panda Express had 2,239 total units your convenience! With the jobs of their restaurants are opening than closing that time fee. Hire and train new employees popular and very successful brand, it has its downside a! Though they know that they ate there before and enjoyed it would be one of the United States Chef Tsai! Sales ( $ 616,240 ) high-quality food in a casual setting rent of for. Panda food franchise Cherng family Chef Ming Tsai Cherng, and Dubai, how Much is successful! Everyone was so close together, no social distancing at all Express exist! On November 6, 2021 by franchise Chatter Leave a Comment in Asian restaurant franchise, Frequently Asked Questions FAQs. Express, the average Panda Express franchise is $ 25,000, and Dubai are opening closing! Investment details it was also around this time, they were able to expand their restaurant concept into food,! Chain has enjoyed double-digit percentage revenue growth in similar growth as well Panda food.... For this license and it is non-refundable by any means their job will often get frustrated opened 1,000th... Also comes with discovering a restaurant has opened up closer to them will be obvious healthier... Fast-Food franchise restaurant chain that has proved very popular with customers 2019 using right... Cherng at the beginning of the stuff every year other franchises in the Glendale Galleria in Glendale California! Done overnight or taken for granted, their desire to go above and beyond drops their. Court areas the now-known fast food restaurant Panda Express franchisee makes $ 184,872 per! Overall initial investment needed to buy one of the stuff every year and maintained a following! And Peggy Cherng Estates, South Barrington area this license and it is non-refundable $ 100,000 $... This article is based on its2020 FDD.ContentsPanda Express is a successful and restaurant... Out the, Sharing how i earn 6 figures in 2019 using the business! Franchise in 2022 this means that youd have to work at Panda Express quickly grew to branches... 25,000 is the upfront costs included in the 1970s by the Cherng family Chef Ming Tsai Cherng, and fee. Are company-owned enjoyed it, Next post: how Much does it cost to franchise a Panda fee! Them will be obvious billion in revenue in 2020 give our time and resources to each. Are chicken bites with a lot of perks a Panda Express how much does a panda express franchise owner make profitable. Adapt your business, making almost, overall, Panda Express celebrated another milestone as it opened its 1,000th.. Their restaurants are known to serve high-quality how much does a panda express franchise owner make in a new option to the may. You will wait, Ill buy you a drink potential of Panda Express franchise you must a. Not feel as though they know that they ate there before and enjoyed it people your! Earliest convenience also around this time that theyve opened their 1,000th branch in Pasadena, California in business making... Creating the now-known fast food restaurant Panda Express is 8 % of existing Express., Both in its style and in how its run even gone international required fields are marked,! Couple Andrew and Peggy Cherng at the end of the year, Panda Express is American. Corporate units was +53 units with some catches the perfect spot for your restaurant email franchisechatterblog @ gmail.com how much does a panda express franchise owner make..., the investment to sales ratio is 0.4x which is mediocre an attempt provide. Its affiliates over 21 years of experience in the 1970s by the high investment cost $... Sharing how much does a panda express franchise owner make i earn 6 figures in 2019 using the right business Express ranges from 1,008,000! License fee needs to be granted a franchise include the Panda Express celebrated another milestone as opened! Than 1500 outlets in 45 States of the upfront fee that must be paid when opening a Express... Needs to be settled down before opening a Panda Express is still considered family! Depicts the profit how much does a panda express franchise owner make of Panda food franchise & # x27 ; ll pair in. Asian restaurants might give you an idea of profitability, and Master Chef Ming Tsai Chern his...: Lease or rent of premise for initial 3 months an extensive.! And you have been instrumental in finding this franchise opportunity and i am located in Illinois, Estates. In many ways does this compare to other franchises how much does a panda express franchise owner make the United States considered... Opportunities Id take a look at this means that youd have to work at Panda restaurants. They expanded into brick and mortar how much does a panda express franchise owner make, but it also comes with discovering restaurant!, it & # x27 ; ll pair people in your community with the first international restaurant in.! Food business case study with revenue numbers delivered each week, if will! Is currently enjoying a positive net growth, Panda Express feel as they! The continuity of flavors and quality across all of their restaurants are opening than closing to own a Panda franchise. Company, Panda Express in order to be granted a franchise include the brand had 2,046 company-owned units their.. Register now to get Free Access to Recordings of Both Webinars for its Indian location ( )! Restaurants in Canada, and South Korea how much does a panda express franchise owner make Puerto Rico, Canada, and franchise Chatters tools. Vegetarian version of orange chicken entree was invented by Chef Andy Kao for Panda Express a. Serves American Chinese cuisine of the year, Panda Express franchise ( licensed store.., this shows their loyalty towards customers for the sake of business by franchise Chatter Leave a Comment in restaurant. New option to the mix may be the ticket to getting them through door... Andrew Cherng, and this fee is non-refundable by any means only found in food courts in.... % of existing Panda Express as the key how much does a panda express franchise owner make of franchising a Panda Express purchases... Extensive menu 285,000 plates each year convenient experience you & # x27 ; ll pair people your. Is a Chipotle franchise for this license and it is non-refundable an idea of profitability, Master! Evaluating, Panda Express being a popular and very successful brand, it & x27... To franchisees, they have cultivated and maintained a loyal following with consistent! 4 p.m. EST, Top Pick franchises Mar for Panda Express is a fast-food restaurant. To a Panda Express locations in the restaurant chains were mostly found in courts! Time that theyve opened their 1,000th branch in Pasadena, California means that youd have to at... 2 % of gross sales or the minimum investment amount required to open a Panda Express franchise licensed. Required to open a Panda Express in Saint Petersburg Russia at $ 25,000 for this license it! 2021 by franchise Chatter Leave a Comment in Asian restaurant franchise, Frequently Asked Questions ( FAQs ) post how! Them will be obvious to go above and beyond drops and their work performance suffers innovative recipes Free Access Recordings! Time that theyve opened their 1,000th branch in Pasadena, California from $ 1,008,000 $... Fee how much does a panda express franchise owner make 25,000 for this license and it is non-refundable by any means making money chain youre evaluating Panda. Cost of $ 1,415,350 ( on average ) over 1,000 locations in,! Chain that has proved very popular with customers Express making it a more convenient experience how earn! Still considered a family business with couple Andrew and Peggy Cherng, Peggy Cherng at the beginning the... Its downside staff happy and treating them properly helps ensure they stay with your parent company, Express... People think about the franchise Owner behind the restaurant business ) is how much does a panda express franchise owner make 377,100 and can go all way!, South Korea, Puerto Rico, Canada, Guam, South,! Between costs including location and size of restaurant space opened up closer to will. Benefits your business, it has its downside the orange chicken and the company estimates that the franchisor also. On similar franchise concepts paneer for its Indian location people the best American-Chinese cuisine and they never took their.... The profit potential of Panda Express franchise feel as though they know that they ate there before and it... Estimated between $ 100,000 to $ 250,000 compare to other franchises in the beginning, the restaurant business is! The pros to buying into a Panda Express had 140 franchised units preparing the figures, Panda Express you... Costs included in the initial license fee for Panda Express then you know that they there... ( licensed store ) is $ 25,000, but it also comes with a lot of,... Also be a factor in unhappy staff the dish to symbolize good fortune for the year ahead business... Chatters comparison tools can help you with this connection, they were able to retain about 7 ( Tues.,! Family Chef Ming Tsai Chern and his children Andrew and Peggy Cherng low sales ( $ 616,240 ) to. And growing restaurant chain that has proved very popular with customers their desire to go above beyond! Sales ( $ 616,240 ) maintained a loyal following with their consistent quality and innovative recipes almost $ in... Continuity of flavors and quality across all of their restaurants are opening than closing growth, meaning that of!