Franchise Deep Dive: Tony Roma's Franchise Costs, Fees, Profit and Data

Tony Roma's is a restaurant franchise that offers two concepts: Ribs, Seafood and Steaks (full-service) and Bones and Burgers (quick-service).

By Erica InmanStaff Writer

8:08AM • 08/25/24

LAST UPDATED: August 2024

FRANCHISE WEBSITE: https://tonyromasfranchise.com/

NUMBER OF LOCATIONS: 86

REPORTED COST TO GET IN: $318,000 - $1,700,000

REPORTED ROI (Item 19): N/A

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.

How Many Tony Roma's Locations Are There?

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.

What Is Tony Roma's Business Model?

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.

How Much Can Tony Roma's Franchise Owners Make?

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).

How Much Does It Cost To Open Tony Roma's?

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.

What Is the Franchise Fee for Tony Roma's?

The franchise fee required to begin operation of a Tony Roma's franchise is $30,000, which must be paid to the franchisor.

Who’s On Tony Roma's Leadership Team?

What Helpful Articles Can I Read to Learn More About Tony Roma's?

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