• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Menu
  • Home
  • About
    • About Franchise Chatter
    • Contact
    • Privacy Policy
    • Terms of Service
    • Affiliate Disclosures
  • Subscribers Hub
    • Login
    • New to Franchise Chatter? Start Here
    • America’s Most Lucrative Franchises
    • Franchises Ranked by Average Revenues
    • Franchises Ranked by Average Profits
    • Franchise Winners, Survivors and Losers Last Year
    • FDD Talk
    • Search by Name
  • Top Franchises
  • Franchise Earnings
  • Costs
  • Fees
  • Quiz
  • Search

FDD Talk 2013: Average Net Sales and Cash Flow Percentage for Panda Express Restaurants in “Captive Locations” (2013 FDD)

Published on September 9, 2013 by Franchise Chatter Leave a Comment
in Asian Restaurant Franchise, Franchise Earnings, Quick Service Franchise

Highlights of Panda Express’s Item 19 Financial Performance Representations (2013 FDD)

  • The chart below contains certain unaudited historical financial data for calendar year 2012 derived from Restaurants operated by the franchisor’s Affiliates exclusively in airports, casinos, military facilities, stadiums, theme parks, and universities (“captive locations”).
  • The information relates only to 82 Restaurants operating in captive venue locations for a minimum of 52 weeks (although some were subject to seasonal closures specific to the venue, such as for universities and theme parks).
  • Panda Express Photo by ltcarter


    Learn Which Franchises Can Make You Rich
    81 of the reporting Restaurants are owned by Affiliates of the franchisor and 1 is operated as a joint venture in which an Affiliate participates as the managing general partner (collectively, “Affiliate-operated” units).
  • Only Affiliate-operated units in captive venues that were operationally active for the full 52-week reporting period (although some were subject to seasonal closures specific to the venue, such as for universities and theme parks) or longer are included here.
  • The information reported is based on data for all Affiliate-operated Panda Express Restaurants operating in captive venues in the United States as of 12/29/2012, except for 5 Affiliate-operated units that were not operating the full 52-week period. Also not included are the 49 Restaurants in captive locations that are operated by independent licensees as of 12/31/2012.
  • The remaining 1,431 Panda Express Restaurants operating as of 12/31/2012 are in traditional venues, such as malls, strip centers, and stand-alone units. The franchisor did not use data from any of these traditional units because the franchisor anticipates that the licenses granted under this Disclosure Document will most likely be awarded to licensees in captive venues.
  • “Net Sales” means gross sales less any sales discounts, employee discounts, or discounts related to coupons. Units located in geographical areas with multiple operating Restaurants and stronger brand recognition tend to outperform units located in less developed areas.
  • “Restaurant Contribution” is reported on the chart as a percentage of Net Sales and is computed as the remainder of Net Sales less any Restaurant level operating expenses.
  • “Restaurant Level Operating Expenses” means expenses like cost of goods sold; labor costs, benefits, and payroll taxes; point-of-sale advertising; utilities; supplies; rents; depreciation and amortization; property taxes; and licenses/permits.
  • The franchisor used the term “Contribution” as it views this as the amount that the average Affiliate-controlled Restaurant “contributes” to the Affiliate’s operations. Restaurant Contribution excludes royalties that you would pay, as well as costs the Affiliate expenses at the corporate level (including corporate costs like recruiting, training, legal and accounting fees, and income taxes). You are most likely to experience most, if not all, of these expenses, which can be significant and which are not factored into the Average Restaurant Contribution calculation.
  • “Cash Flow” is reported on the chart as a percentage of Net Sales and is calculated by adding to Restaurant Contribution non-cash items, such as amortization and depreciation.
  • The chart below omits a variety of material operating costs/expenses you will incur, such as income taxes, corporate management salaries, franchise fees, royalties and other franchisee-related expenses, legal and accounting expenses and other overhead costs, financing and debt service charges, investment costs and capital expenditures, any owner’s draw, and a variety of other expenses, all of which can vary significantly from market to market.
  • It should be noted that Restaurants for which results are reported here have limited geographic diversity, with captive units being located in 29 states, and with approximately 45% of them established in California and Nevada. Climate, local demographics, cultural or other differences in geographical areas can significantly affect results.
  • The average period all 82 units were open is 7 years, 9 months. Thirty five units were open at least that long. Most of the reporting units are located in sites ranging from 800 to 2,600 square feet, although a limited number are in larger venues (such as 3,000 square feet).
  • The franchisor used information reported to it by its Affiliates to prepare this document. The franchisor assumes the information as supplied by them and their respective operations and Restaurant managers to be accurate. The information has not been audited  and is not presented according to generally accepted accounting principles.

Affiliate-Owned or Controlled Restaurants Only — Financial Performance Representations/Full Year 2012



To Access the Rest of This Article and Other Premium, Income-Enhancing Content, Subscribe Now or Log In.

Gain the Insider Information (and Actual Earnings Data) You Need to Make a Safe and Smart Franchise Investment. Click Here to Learn More.



Gain the Insider Information (and Actual Earnings Data) You Need to Make a Safe and Smart Franchise Investment - See more at: https://www.franchisechatter.com/register/#sthash.le7wKJKM.dpuf

🎯Find Good Franchises That Are Still AVAILABLE in Your Target Area (Free Tool)



🚀How to Find, Vet & FUND a Good Franchise. Watch Our Webinar Live or the Recording Later (Register Now – It's Free)



💰How Much Franchise Can You AFFORD? Use Our Free Financial Calculator



Franchises Ranked by Average Revenues and Profits



Franchise Winners and Losers Last Year

Tagged as: Panda Express

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Previous post: Franchise Loans: Tips on How to Obtain Franchise Financing Today

Next post: Franchise Costs 2013: Detailed Estimates of Paciugo Gelato Franchise Costs (2013 FDD)

Primary Sidebar

⚠️Buying a Franchise on Your Own Can Be Overwhelming

✅ Get the guidance and support you need every step of the way – from funding to franchisor introduction, due diligence, franchisee validation, discovery day, territory selection, and signing – from an experienced franchise broker at no cost to you.

✅ Fill out this form and a specialist from the Franchise Brokers Association will reach out to you.

🚀How to Find, Vet and FUND a Good Franchise (Webinar)

✅ Is Franchising a Path for You? – Jul. 7 (Fri.), 11 a.m. EST

✅ Essential Services – Great for Good Times and Bad – Jun. 6 (Tues.), 4 p.m. EST

✅ Register Now to Get Free Access to Recordings of Both Webinars

Register Now

⭐️Franchise Chatter is reader-supported. We may receive a commission for leads generated from our site.

As seen in:  New York Times, Bloomberg Businessweek, and CNBC

Login

Remember Me
Register | Lost your Password?
Reminder: Your username and password are case-sensitive.

Need help? Email franchisechatterblog@gmail.com

👍”Your website and you have been instrumental in finding this franchise opportunity and I am overwhelmingly grateful.” (David F., subscriber)

🏆 Best Franchises by Industry

Best Franchises by Industry (All Lists)

Best Gym and Fitness Franchises

Best Pizza Franchises

Best Sandwich Franchises

Best Childcare Franchises

Best Ice Cream Franchises

Best Coffee Franchises

Best Hamburger Franchises

Best Salon and Beauty Franchises

Best Chicken Franchises

Best Smoothie and Juice Franchises

Best Maid Service Franchises

Best Mexican Restaurant Franchises

Best Massage Service Franchises

Best Tutoring Franchises

Best Auto Repair Franchises

Best Auto Oil Change Franchises

Best Asian Restaurant Franchises

Best Pet Franchises

Best Commercial Cleaning Franchises

Best Sports Bar Franchises

Best Baked Goods Franchises

Best Moving/Junk Removal Franchises

Best Mailbox Franchises

Best Apparel Retail Franchises

Best Senior Care Franchises

Best Restoration Franchises

Best Tech Franchises

Best Travel Agency Franchises

Best Trampoline Park Franchises

Best Tools Distribution Franchises

Best Property Management Franchises

Best Real Estate Franchises

Best Automotive Wheels and Tires Franchises

Best Weight Loss Franchises

Best Flooring Franchises

Best Eye Care Franchises

Best Physical Therapy Franchises

Best Acai Bowl Franchises

Best Poké Bowl Franchises

Best Donut Franchises

Best Kitchen and Bath Remodeling Franchises

Best Window Coverings Franchises

Best Plumbing Franchises

Best Home Inspection Franchises

Best Garage Franchises

Best Barbershop Franchises

Best Laundromat Franchises

Best Storage Unit Franchises

Best Car Wash Service Franchises

🚀 Daily FDD Talk Posts

The Maids Franchise

The Honey Baked Ham Company Franchise

Wings Over Franchise

GymGuyz Franchise

Deka Lash Franchise

Scenthound Franchise

Ziebart Franchise

Dunn Brothers Coffee Franchise

Grease Monkey Franchise

TruBlue Total House Care Franchise

House Doctors Franchise

Rubbish Works Franchise

Mr. Rooter Franchise

Planet Smoothie Franchise

Soccer Stars Franchise

Express Employment Professionals Franchise

beem Light Sauna Franchise

The Lash Lounge Franchise

ARCpoint Labs Franchise

Hawaii Fluid Art Franchise

Snapology Franchise

Spherion Staffing Franchise

Aussie Pet Mobile Franchise

Perspire Sauna Studio Franchise

Code Ninjas Franchise

Merry Maids Franchise

Mighty Dog Roofing Franchise

Mister Sparky Franchise

City Wide Franchise

Maid Right Franchise

Benjamin Franklin Plumbing Franchise

America’s Swimming Pool Company Franchise

Gatsby Glass Franchise

ISI Elite Training Franchise

Blue Moon Estate Sales Franchise

Asurion Tech Repair & Solutions Franchise

Window Hero Franchise

Building Kidz School Franchise

Mint Condition Franchise

Caribou Coffee Franchise

Closets by Design Franchise

Fundraising University Franchise

Mr. Appliance Franchise

Strickland Brothers 10 Minute Oil Change Franchise

Showhomes Franchise

Grand Welcome Franchise

Nutty Scientists Franchise

1-800 Water Damage Franchise

Precision Door Service Franchise

TeamLogic IT Franchise

Franchise Chatter © 2023