HOW MUCH IS A PANDA EXPRESS FRANCHISE
Panda Express is considered to be the most successful chain of Chinese food restaurants across the United States. Their brand is so massive; they had once been in discussions to purchase P.F Changs. The success of the company was so big that they were among the first set of chains to utilise the newly introduced POS then. The chain is quite popular now that franchise pundits want to know how much is a Panda Express franchise
INFORMATION ABOUT PANDA EXPRESS
The history of the restaurant started when a young man, Andrew Cherng migrated to the United States from China in pursuit of the American dream. With just a little amount of money with him, but a huge heart, he started the first Panda Inn, alongside his father.
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The restaurant introduced the sweet flavours of Szechuin and Mandarin meals to the people of Southern California and that became the standard for most of the panda Restaurants that you see at different parts of the world today.
Panda Express is known to be one of the few restaurant chains that adopted technologies fast before other restaurants. The founder’s background in software design and engineering gave the company a technology advantage. In the 80’s the company adopted a store ordering system using computers and this makes it easier for them to collate data about items that sell the most in their stores.
At this modern day, Andrew’s passion and vision has continued to grow and guide Panda Express. The company still remains family owned until today
IS PANDA EXPRESS A FRANCHISE
With the success that the company has achieved since it was established, it will be expected that the company should have franchise locations across the world. This is not so, Panda Express does not have any franchise, in fact all their locations across the world are company owned. except for a few situations whereby the stores are located inside university environments, these stores are usually licensed to the university.
HOW MUCH DOES A PANDA EXPRESS FRANCHISE COST
Since the company does not sell franchise opportunities of any format to the public, it will not be feasible to attach any cost to their franchise. The Panda Express franchise cost is nonexistent.
PANDA EXPRESS FRANCHISE FEE
Since the franchise fee is the payment made to a company to get the license to operate under their brand name, by a prospective franchisee. And it has been established that Panda Express does not sell franchise, so there will not be any franchise fee payment being accepted by the company from any prospective franchisee.
HOW MUCH DOES A PANDA EXPRESS FRANCHISE MAKE
There are no Panda Express franchise owners, so we might not be able to attach any value to the earnings that a franchisee with the company will make. However, the company is been run by the itself and according to the founders of Panda Express, the average income of a unit is a little bit lower than it is obtainable in the industry, which is just around 10% compared to most others that lie around 25%.
Panda Express explains that this is so because the company invests so much in creating nothing other than great foods and also the great amount of money invested in their employees for growth. The company seems to be contented with the profit margin and they are not planning on doing something to move it up anytime sooner.
However this is the summation of the earnings of staff at the company
Assistant manager – $15hr
Lead Counter – $11hr
General Manager (Operations) – $50
Cashier – $9.55hr
QUALIFICATION EXPECTED OF A POTENTIAL FRANCHISEE
Since the company does not sell franchise opportunities, the only qualification that they expect of a prospective franchisee is to become an employee with Panda Express.
There are no training offered to anyone outside of the company’s system. The company only invests so much capital in the development of their employees to keep up the good work and policy of the company.
THE PANDA CARES CONCEPT
Since the company is not offering franchise opportunities, they are only committed to giving time and resources to uplift the communities that host them and the staff of their company. Since its establishment in 1999, Panda Express has promoted Panda Cares and this serves to promote the spirit of giving through the serving of health and educational resources to the less privileged.
HOW TO OPEN A PANDA EXPRESS FRANCHISE
There is no information available on how to open a Panda Express franchise. the only thing close to that is when you work as an employee of the company, you can work your way to the top and if the company finds you worthy, there is the chance of you been appointed to serve as a manager at a new location of Panda Express.
It is a great working experience at the company and the knowledge and information gathered at Panda Express could be utilized in establishing your own business, which might get successful if you are able to incorporate all the ingredients needed to achieve success.