PANDA EXPRESS FRANCHISE
No, You Can't Buy a Panda Express but There are Other Options.
Panda Express is a success story that shows how hard work and belief in a concept can do great things.
In 1973 Mr. Andrew Cherng opened the first Panda Inn in Pasadena California beside his father, Master Chef Ming-Tsai Cherng. Panda Inn was one of the first restaurants to introduce Mandarin and Szechuan cuisine to Southern California. The Inn did quite well and in 1983 the first Panda Express was opened in the Glandale Galleria. In 1987 the next location opened in Honolulu, Hawaii, and by 1993 after only 10 years Panda Express had opened its 100th location.By 2002 the 500th location opened. In 2007 the 1000th location opened and the brand achieved billion dollar revenues for the first time. Today Panda Express has more than 1500 locations in 45 States.
Panda Express is actively involved in many charity and humanitarian initiatives and pays employees higher wages to retain quality staff.
According to Panda Express corporate they now have over 1,900 restaurants in 50 U.S. states, as well as Canada, UAE, Korea and Mexico. You can find Panda locations in assorted locations ranging from Airports and Military bases to Casinos.
The company offers Chinese food type dishes. Interesting to note from a business perspective Asian foods have seen a 6 fold increase in global growth over many other fast food concepts.
Potential investors see Panda Express as a very successful brand and wonder how much a Panda Express franchise costs. Unfortunately Panda Express is not available at any price in the USA. At one time the company did have 8 franchisees in Japan which partnership ultimately expired, however a new location as of Nov 2016 in Kawasaki is a joint partnership with Ippudo. This is the one franchise exception in the almost 2000 locations.
COST FOR A PANDA EXPRESS FRANCHISE:
There is good news and bad news regarding the acquisition of a Panda Express Franchise. The bad news is you can’t buy a Panda Express for any price as every single store is corporately owned and operated and always has been.
The good news is that right now there are several food style franchises that are poised to be the next “Panda Express Franchise”. As brokers we work with over 500 well known and upcoming Franchise Brands and can introduce you to successful concepts in the food services industry or any others.