Florida-based fast-casual restaurant Capital Tacos has announced plans to take the franchise into new markets across nine states, including Colorado.

Capital Tacos said three new restaurants are planned to open in Colorado starting in early 2023.

Founded in Tampa in 2013, Capital Tacos said its three Colorado restaurants will be located near Boulder and Longmont.

Father-daughter duo Jason and Marilyn Scoby finalized the multi-unit development agreement to open the Colorado locations.

Capital Tacos said it is known for its “scratch-made, innovative, and unmatched Tex-Mex flavors” and has been ranked as the top taco restaurant in Tampa / St. Petersburg area by Yelp.

“We went on a national search for a restaurant concept dedicated to true innovation and serving uniquely delicious food,” Jason Scoby said. “That’s when we found Capital Tacos, a brand defined by a mission to deliver the most flavorful Tex-Mex out there – a flavor that’s truly been lacking here in Colorado for quite some time – and has the track record, guest recognition and awards to back it up.”

“With our Tampa-based roots, our primary franchising focus has been to build out our presence in neighboring territories and states in the Southeast during these early months,” Capital Tacos co-founder Josh Luger said.

“However, we’ve purposely made our offering available across the country. Our brand is nationally-ranked and very well-suited to travel, and we’ll always get behind the right franchise partners whose qualifications, background, and values match those that the brand is looking for, wherever their market may be. The Scobys – and Colorado – fit the bill perfectly.”

How Much do Franchise Owners Make?

“Some researchers have tried to crunch the numbers with the aim of helping potential franchise owners get an idea of the income that they can expect by buying a franchise. According to a survey done by Franchise Business Review involving 28,500 franchise owners, the average pre-tax annual income of franchise owners is about 80,000 dollars. However, this number should be taken with a grain of salt bearing in mind that it could be inflated by high incomes of a few top performers. When researchers accounted for the inflations caused by the few top franchises, it was established that the average annual income of 51 percent of franchisees is less than 50,000 dollars. The study also found that only 7 percent of franchise owners earn over 250,000 dollars a year.

The survey by Franchise Business Review also found that about 21 percent of franchise opportunities are in the quick-service restaurants’ industry. This is despite the fact that restaurant businesses require a bigger initial investment compared to some other businesses with almost similar profit potential. On average, franchise owners in the restaurant industry take home about 82,000 dollars a year. However, the start-up cost can be anywhere between 100,000 dollars and a million dollars.”

How Much Do Franchise Owners Make?, Franchise Direct