In 1983, together with Peggy Cherng, they opened Panda Express which was positioned as a fast-food version of Panda Inn. Panda Inn was an upscale restaurant where Mandarin and Sichuan dishes were served. Panda Express’s roots started in the 1970s when Andrew Cherng along with his father opened the Panda Inn in Pasadena, Calif. Panda Express Franchise Facts Total Units While revenues dipped during the beginning of the pandemic and lockdowns, the concept finished the year strong. The chain has enjoyed double-digit percentage revenue growth in similar growth as well. They’ve had billion-dollar revenues in the previous years as well. Average Sales / Revenue per YearĪccording to Forbes, Panda Express recorded $3.5 billion in revenue in 2020. If this changes, we’ll be the first to let you know. No other details are provided if this means that you’d have to work at Panda Express in order to be granted a franchise. Panda Express may not be open for franchising but they do allow their employees to run their restaurants. They do not allow franchising of their restaurant and they haven’t revealed any of their franchising fees and requirements. Panda Express is a privately-owned company. Is the Panda Express Franchise Right For You?.Challenges of a Panda Express Franchise.Advantages of a Panda Express Franchise.How Much Does Panda Express Make in Profit?.I even include what I view as advantages and challenges of the concept. If you’re curious about Panda Express, their operations, and how much they make in a year, below are more details regarding this popular restaurant chain. Of course these are estimates based on similar franchise concepts. Total investment is estimated between $377,100 to $1,884,000 while Panda Express’s franchise is expected to be $25,000. In the event Panda Express opens its restaurant chains to franchisees in the future, how much should you expect it to cost? To own a Panda Express, your liquid assets would are estimated between $100,000 to $250,000. Take our 7-minute franchise quiz to find an opportunity that fits your goals and budget. This means employees manage the day-to-day operations of a location, instead of a franchisee. In fact, the majority of Panda Express locations in the United States are company-owned. How much does it cost to open a Panda Express? Unfortunately, this chain is not open for franchising at the time of writing. In 2019, Statista reported Panda Express as the number 3 leading fast-casual restaurant. The company has more than 2,200 locations globally. For more than 30 years, Panda Express has been recognized as one of the big names in fast-casual.
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