Have you always wanted to run a steakhouse? Keep on reading to find out whether Texas Roadhouse franchise opportunities exist in the UK.
From succulent steaks to juicy burgers, grilled ribs and ‘dirty slaw’, steakhouses serve a whole host of delicious food options to satisfy even the hungriest customer. Texas Roadhouse is a favourite among American diners – but does it offer franchising opportunities for UK investors? Let’s find out.
History of Texas Roadhouse
Texas Roadhouse was launched in Clarkesville, Indiana in 1993 by a man called Kent Taylor. It established its franchising model in 1995 and, since then, over 450 locations have popped up across the US, Europe, the Middle East, Africa and Asia.
This steakhouse has always taken pride in its offering and promotes a dinner-only concept on weekdays – a relatively unusual business model. All Texas Roadhouse steaks are hand-cut by expert butchers, but the brand also focusses on its breadmaking, hiring trained bakers to craft fresh yeast rolls every day. And although Texas Roadhouse is famous for its steaks and ‘fall-off-the-bone’ ribs, it also serves chicken and seafood options.
All Texas Roadhouse’s food is made in its restaurant kitchens, so customers can be sure they’re buying freshly cooked dishes. But diners don’t have to compromise when it comes to price. Affordability is important, so the restaurant applies maximum meal prices for each food option, which you can find on its website. And on top of all this, Texas Roadhouse strives to create a fun and relaxing atmosphere for its guests, making sure they come back again and again.
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Does Texas Roadhouse franchise?
Sadly, there are no Texas Roadhouse franchise opportunities this side of the pond yet. Although the brand is expanding across the US and other countries, it hasn’t yet reached the UK.
How to get involved with Texas Roadhouse
If you’re keen to open your own Texas Roadhouse franchise location, you could consider basing your business on foreign soil. The popular steakhouse has already launched restaurants in Dubai, Taiwan and Qatar, as well as in 22 states across the US, it’s clearly interested in expanding its reach internationally.
Texas Roadhouse is concentrating on building its presence in the Middle East and Taiwan at the moment, as it has signed agreements with franchise partners to cover these territories. If you’d like to become part of the restaurant’s network, you can fill in the form on its website.
Once you’re a Texas Roadhouse franchisee, you can expect to open a restaurant of between 6,700 and 7,500 square feet, capable of accommodating between 245 and 291 diners. Each guest spends an average of $15.80, so there’s scope to build up an impressive revenue.
To get involved, you’ll need to make a total investment of between $2 million and $5 million, depending on the size and location of your restaurant. You’ll also need to have at least $442,000 in working capital and the ability to pay ongoing royalties of 4 percent of revenue and marketing fees of 0.8 percent.
Texas Roadhouse always makes sure its franchisees have all the knowledge they need to launch a profitable business, which is why it provides a 516-hour coaching scheme. By the time you’ve completed it, you’ll have done 88 hours of classroom learning and 428 hours of on-the-job training.
The steakhouse market in the UK
Well-done, medium or rare, steak is a favourite among Brits. A huge portion of consumers enjoy tucking into a succulent cut of meat, and the tasty meal option has found its way onto many restaurant menus. It’s a popular choice for a lot of eateries, as steaks can be served in a variety of different ways. Whether your hallmark is a signature sauce, huge portion sizes or customers searing their own steaks on hotplates, you can use your menu to stand out from the competition.
Because high-quality beef can be expensive, trips to steakhouses have become something of a ‘treat’ for many people, marking special occasions and one-off events. In fact, 25 percent of the money we spend on beef in the UK goes towards steak, which shows just how profitable a steakhouse business could be.
Similar franchise opportunities
If you’d like to set up your own Texas Roadhouse franchise unit but want to base your business in the UK, why not consider one of the following options? Although there aren’t a huge number of steakhouse franchises in operation across the UK, there are many burger restaurants. We’ve gathered three of the best ones.
This UK restaurant chain boasts high-quality, meaty, flavoursome burgers with a large selection of toppings to contrast the ‘sad’ processed patties of other establishments. Founded in 2014, Loaded Burgers offers its customers affordable burgers in a cool setting.
To ensure that all customers could enjoy its burgers, all the meat served is halal and approved by the Halal Food Certification.
- Becoming a Loaded Burgers franchisee: Those looking to join the brand must have good managerial skills and a passion for the industry. You can learn more on its client page.
- How much you need to invest: An investment of £150,000 will give franchisees access to the company’s franchise package.
- What you get for your investment: All franchisees are enrolled onto a training programme and receive support in marketing and sales.
Our top burger franchise opportunity, Rocket’s, is a fast-casual burger brand that has been franchising for 27 years. It currently has a network of 51 restaurants and serves “hamburgers, fries, hand-dipped milkshakes and buttermilk chicken; all made fresh-to-order from open-view kitchens”.
Rocket’s has developed a business model that balances high quality with convenience. All Rocket’s burgers are made with premium Irish meat that is never frozen. What’s more, all meals are made to order and served within six minutes.
- Becoming a Rocket’s franchisee: The restaurant franchise prefers investors to have previous experience in the industry, but this isn’t essential. It’s more important that you believe in the brand and are business oriented.
- How much you need to invest: An initial investment of €200,000 to €600,000 is required.
- What you get for your investment: Rocket’s will be on hand to help when you find your perfect premises.
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Five Guys truly cares about the quality of its food, selling Irish beef in its UK outlets and cooking everything from scratch, without the use of frozen ingredients. What’s more, customers can customise their menu choices to their heart’s content, with over 250,000 burger, hotdog and sandwich topping combinations and 1,000 milkshake flavour combinations.
- Becoming a Five Guys franchisee: If you’re passionate about the fast food industry and are business minded, you are encouraged to apply.
- How much you need to invest: You’ll need to be able to invest between £300,000 and £550,000.
- What you get for your investment: From the very start, you’ll receive all of the technical support you need. On-site training lasts for two weeks and additional support including everything from the grand opening to security.
Browse other franchise opportunities
If none of these burger franchise options are quite right for you, why not take a look at some of our other investment opportunities? We’ve got an extensive catalogue of profitable businesses on the lookout for new franchisees.
Alice Tuffery, Point Franchise ©