TL;DR
Tony Roma's is a globally recognized restaurant franchise with 86 locations, offering a range of dining experiences from full-service eateries to fast-casual concepts. The total initial investment to begin operation of a Tony Roma's franchise ranges from $318,000 to $3,246,000.
Best known for its baby back ribs, Tony Roma's is a globally recognized restaurant offering a versatile range of dining experiences from full-service eateries to fast-casual concepts.
Founded by Tony Roma on January 20, 1972, in North Miami, Florida, the restaurant quickly gained popularity for its baby back ribs, becoming a local favorite and establishing a strong market niche. Over the past 50 years, Tony Roma’s has grown into a globally recognized brand, known for its distinctive ribs and a diverse menu that includes seafood and steaks.
There are currently 86 locations in total, with 11 in the U.S. in cities such as Las Vegas and Los Angeles.
Tony Roma’s operates under a versatile business model that includes two distinct franchise concepts: the original Tony Roma’s Ribs, Seafood, and Steaks, and a fast-casual concept called Tony Roma’s Bones and Burgers. This approach allows the brand to cater to diverse dining preferences, from full-service family-friendly restaurants to quick-service locations that focus on premium burgers and ribs.
The full-service model highlights Tony Roma's renowned baby back ribs and other classic menu items in a sit-down setting, while the Bones and Burgers concept targets on-the-go customers with a streamlined format.
The brand does not make this information publicly available. Prospective owners can access this information through the brand’s most recent Franchise Disclosure Document (FDD).
The total initial investment necessary to begin operation of a Tony Roma's franchise ranges from $318,000 to $3,246,000. For the quick-service concept, the investment ranges from $318,000 to $651,000. For the full service franchise concept, the investment ranges from $1,893,500 to $1,700,000.
The franchise fee required to begin operation of a Tony Roma's franchise is $30,000, which must be paid to the franchisor.
Disclaimer: This content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained on this site constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any franchises, securities, or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the franchise and/or securities laws of such jurisdiction.
All content in this article is information of a general nature and does not address the detailed circumstances of any particular individual or entity. Nothing in the article constitutes professional and/or financial advice, nor does any information in the email constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content in this article before making any decisions based on such information or other content.
In this story
This story was originally published in 1851 Franchise on August 25, 2024. Burnaze summarizes and links to the original reporting.
Read the full story at 1851 FranchiseLiked this? Get the week's franchise news, explained
- Sunday 8 AM ET weekly + a monthly deep dive
- Sections picked for the industries you follow
- Every claim linked to its source. Free.
