Burrito Shak

The Burrito Shak franchise is a quick-service restaurant concept. The brand was established by David and Kara Longo in 2015 when they noticed a need for affordable, tasty meals in a quick-service environment. The flagship Burrito Shak store is located in Hampstead, N.C., only 10 miles from the beach. This inspired the brand's the coastal vibe given to the menu and décor. Burrito Shak's mission is to serve quality “Fresh-Mex” cuisine in a family-friendly atmosphere. Qualified candidates need $100,000 in liquid capital and can expect an initial investment from $324,725-$797,000. Royalties are 5%, and veteran franchise ownership is incentivized with a 10% discount off the initial franchise fee, which is $45,000. 

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Burrito Shak Franchise Cost and Requirements for 2024

Background

The idea for a franchise can be simple. This rings true for the founders of the Burrito Shark franchise. As a father of young children, David Longo noticed a need for a restaurant that served great food in a quick dining atmosphere. He wanted to keep the menu simple and affordable. As an industry veteran, Longo wanted to leverage his experience and established the Burrito Shack in 2015. The concept combines everything that the Longo family loves: flavorful food, beach vibes, and family. The flagship Burrito Shak restautant is located just 10 miles from the beach, so they were inspired to give the menu and décor a coastal vibe. The brand is based in North Carolina and is on a mission to provide fresh-mex cuisine in a family-friendly atmosphere. In addition to North Carolina, Burrito Shark has expanded to Arizona. In terms of an initial investment, qualified candidates can expect it be $324,725 and need $100,000 in liquid capital. 
The Burrito Shak restaurant franchise has been approved by the U.S. Small Business Administration (SBA) Registry program for banks and other lending institutions to streamline the business loan approval process, which is beneficial for candidates. Burrito Shak has an initial training program that is broken down into classroom and on-the-job instruction. During this time, you'll learn how to run the business properly. This includes hiring, food prep, marketing and advertising, and more. The support and training are ongoing. Burrito Shark is part of the IFA's VetFran Program, which incentives veteran franchise ownership with discounts and mentorship. 


     

Company Details

Headquarters: Surf City, NC 28443
Canada: No
International: No
Founded: 2015
First franchise: 2018
Absentee: No
Home-based/mobile: No
Exclusive territory: Yes
Third-party financing: Yes

Support and Training Offered By Burrito Shak

Burrito Shak has an initial training program that is broken down into classroom and on-the-job instruction. During this time, you'll learn how to run the business properly. This includes hiring, food prep, marketing and advertising, and more. The support and training are ongoing. 

2024 Franchise Requirements Needed to Own a Burrito Shak Franchise.

What does a Burrito Shak Franchise Cost?

Burrito Shak franchise fees for 2024:

Liquid Captial: $100,000 
Initial investment: $324,725-$797,000
Initial Franchise Fee: $45,000
Veteran Incentives: 10% off franchise fee
Royalty Fee: 5%
Net Worth Requirement: $350,000

Is Burrito Shak a Semi Absentee Franchise with a Passive Ownership Opportunity?

No. Burrito Shak is not a semi absentee franchise. The owner of the franchise (the franchisee) is expected to be involved in all aspects of day-to-day operations.

Is Burrito Shak a Home Based franchise?

No. Burrito Shak is not a home based franchise opportunity.

What Do Burrito Shak Franchise Owners Make?

Click here to find out how much Burrito Shak franchisees make. Burrito Shak offers an Item 19 in their Franchise Disclosure Document which provides financial information about select franchisees in their franchise system.

Does Burrito Shak Offer a Veteran Discount?

Yes. Burrito Shak franchise does offer a veteran discount.

Is Burrito Shak Looking for Franchisees in Canada?

No. Burrito Shak franchise is not looking for Canada franchisees.

Is Burrito Shak Looking for International franchisees?

No. Burrito Shak franchise is not looking for International franchisees.

Where can I see Burrito Shak's FDD (Franchise Disclosure Document)?

Buying a Franchise Guide: What is a Franchise Disclosure Document?

When evaluating a franchise opportunity, reading and understanding the current version of their FDD is a necessity. Considering the benefits of franchising, such as established brand recognition and support from the franchisor, it's important to also take into account franchise fees and franchising royalty fees. Since most franchisors are privately owned companies, the current versions of their FDDs are typically not available unless requested directly from them.

Click here to connect with a Franchise Consultant who can help you obtain a copy quickly and for free. They can also guide you through the essential franchise questions to ask, ensuring you make a well-informed decision about your investment.

Additional Information

Additional Categories

Food & Restaurants

Number of Units Open

LESS THAN 20 UNITS

Cash Required

$100,000 - $250,000

Passive Franchise

No

Home Based Franchise

No

Item 19 Franchise

Yes

Veteran Discount

No

B2B

No

Franchise Opportunities in Canada

No

International Franchise Opportunities

No

Burrito Shak Franchises for Sale

Click Here to inquire about existing Burrito Shak franchises for sale. We may have Burrito Shak franchise resales. A franchise resale is an already established franchise owned by a franchisee and the franchisee is looking to sell their franchise.

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