Pepe's Piri Piri
Pepe’s started their concept in Chicago in the year 1954 and has been franchising Pepe’s restaurants since 1967. It is quite popular in preparing and serving a delicious menu of Mexican food items. They were the first company to introduce Piri Piri and soon it became a recognized dish which was loved by everyone. They expanded their business in a short time and now, they have over 50 chains of restaurants across the United Kingdom.
This blog will discuss the future prospect of owning Pepe’s franchise and how much will it cost you to open it. It will further discuss the benefits of owning their franchise and will answer some of the most frequently asked questions.
The estimated initial investment required to open Pepe’s Franchise is between £11000 to £13000. The royalty fee is 4% and there is a franchise fee of £13000 which grants you the license to run a business under their restaurant name. The liquid capital required will be approximately £165,000.
An individual or company can make a huge profit ranging from approximately 6% to 8% of the total sales. But, it depends on the size and location of Pepe’s franchise.
- Case Studies
Pepe’s established in 1954 and soon became the talk of the town when they introduced Pepe’s Piri Piri chicken. It was the lip-smacking taste of their chicken that made them quite popular. Pepe’s Piri Piri chicken soon became a nationally recognized dish and the customer’s feedback was overwhelming. Soon, they became popular in Northern Ireland and in the USA. After gaining a positive response from the customers, Pepe’s decided to open a new generation of stores namely, Pepe’s Grill Brand.