While many entrepreneurs open burger and chicken joints, many have found success with selling ribs. If you are looking to cash in on the booming restaurant industry, then look no further than Tony Roma's. The franchise is internationally famous for its ribs and has locations around the world. The rib joint was founded in 1972 by Tony Roma and was original a Miami steak and burger restaurant. Ribs were added to the restaurant's menu on a whim, and the rest is history. The brand saw an increase in franchise sales in the late 1970s after Dallas Cowboys owner Clint Murchison Jr. fell in love with Tony Roma’s ribs and bought a majority stake in the restaurant. Since then, the rib brand has expanded to more than 150 locations around the world. It recently rolled out Tony Roma's 2.0 for the new generation. Led by the brand's iconic ribs, grilled items and other iconic offerings, such as the signature Onion Loaf and steaks, Tony Roma's is focusing on local communities through our craft beer section and partnerships with area breweries. The franchise will provide you with great support and training.
In terms of support and training, you'll be provided with classroom and on-the-job instruction during an initial training program. You will also receive marketing and advertising tools, site selection and grand opening assistance, and ongoing support and training. You can expect an initial investment that ranges between $2,182,500 - $3,580,000 and a cash requirement of $1,000,000. The initial franchise fee is $30,000, and the royalty fee is 4%,