Fast-food franchise chain Panda Express specializes in serving American Chinese cuisine. Their menu features dishes that draw inspiration from classic Chinese cuisines, like Beijing Beef, Orange Chicken, Kung Pao Chicken, and Teriyaki Chicken.
What do you know about Panda Express?
The Cherng family, which included Chef Ming Tsai Chern and his children Andrew and Peggy Cherng, established the this concept in the 1970s.
Panda Inn, a more premium sit-down restaurant, was how it first began. Although Andrew had to use coupons to draw clients, the company initially had trouble, but with the aid of Terry and Dan Donahue, it was soon able to thrive.
They were able to expand their restaurant idea into food courts because to this link, and the result was the well-known fast food business. Initially only located in food courts, Panda later branched out into brick and mortar locations.
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Additional Cost Detail
These expenses are a part of the up-front expenses covered by the initial investment. The majority of these are startup costs for the franchise.
Overall, there are many additional fees and costs associated with Panda Express. Particularly in terms of rent, leasehold improvements, and insurance, their additional expenditures are on the higher end of the expected total investment.
How Much Money Can a Franchisee Make?
The financial performance projections in Panda Express’ FDD for 2020 were derived from franchisees who are currently holding valid operating licenses.
Additionally, in addition to the overall numbers, their financial performance representations are categorized by the type of licensed venue, in this case the airport, casino, hospital, military, and university.
The most significant financial data provided by Panda are shown in the figure below, including average gross sales by location, median gross sales by location, minimum gross sales by location, and maximum gross sales by location.
Panda Express Highest Maximum Gross Sales
With the highest maximum gross sales of $3,453,579, highest average gross sales of $1,191,246, and highest median gross sales of $995,281 in airport locations, it appears that Panda Express units perform the best financially overall.
However, the military locations surpass airport locations in terms of overall gross sales ($39,026,818) and minimum gross sales ($420,343), respectively.
It is significant to note that these financial representations only provide information on gross sales; the typical franchisee’s net profit is not provided.
In the US, how many Panda Express Locations are There?
As of November 8, 2022, there are 2,197 Panda locations across the country. With 599 sites, or nearly 27% of all Panda locations in the US, California is the state with the most Panda Express outlets.
With more than 2,300 locations, 47,000 staff members, and $3 billion in yearly sales, Panda Express is the largest family-owned and operated Asian food franchise in America.
How can I Import a list of Panda Express Locations Across the US into Excel?
From our data store, you may download an Excel file with the full list of 2,197 Panda Express locations, together with geo-coded addresses, phone numbers, and open hours.
One of the most well-known American-Chinese fast food restaurants in the country, Panda Express has franchises in 34 states.
Licensed franchisees will profit from a well-known brand and a vast restaurant chain network. Additionally, the Panda units’ gross sales, which are listed in Item 19 of their FDD, are fairly high.