Franchise Deep Dive: Thai Express Franchise Costs, Fees, Profit and Data

LAST UPDATED: September 2024

FRANCHISE WEBSITE: https://thaiexpressfranchise.com/

NUMBER OF LOCATIONS: 300+

REPORTED COST TO GET IN: $350,400 - $794,500

REPORTED ROI (Item 19): N/A

Thai Express is a fast-casual restaurant chain specializing in Thai cuisine. It offers a variety of dishes, including traditional Thai staples such as pad Thai, curries, stir-fries and soups, often customized to the customer's spice preference. Thai Express aims to provide authentic Thai flavors while catering to a fast-paced, on-the-go lifestyle, making it a popular choice for quick, flavorful meals. The brand is part of the MTY Group, which operates numerous restaurant concepts, and has expanded internationally.

How Many Thai Express Locations Are There?

Thai Express was founded in 2004 in Canada. The brand quickly gained popularity for its fresh, fast-casual approach to Thai cuisine, leading to the launch of its franchising program shortly after its inception. Thai Express began franchising in 2005, allowing the concept to expand rapidly across Canada and eventually into international markets. Thai Express operates over 300 units globally, with a strong presence in both Canada and several other countries. The brand opened its first U.S. location in the Mall of America in Bloomington, Minnesota, in May 2017.

What Is Thai Express’ Business Model?

The Thai Express business model is designed to deliver authentic Thai cuisine with speed and convenience. The brand is built on the principles of efficiency, consistency and customer satisfaction, providing a diverse menu that allows for customization based on individual taste preferences, including spice levels and ingredient options.

As part of MTY Group, Thai Express offers a proven franchise model with comprehensive support. Franchisees benefit from an established brand reputation, a flexible restaurant footprint — including options for food courts, street fronts and non-traditional locations — and a streamlined operational system that emphasizes simplicity and cost-effectiveness. The company also provides extensive training and ongoing operational support, making it accessible even to those without prior restaurant experience.

The franchise model is designed to be scalable and adaptable, catering to a wide range of market conditions and consumer demands. This adaptability, combined with the growing global interest in Thai cuisine, positions Thai Express as a compelling opportunity for franchisees looking to invest in a well-established, globally recognized brand.

How Much Can Thai Express Franchise Owners Make?

According to Thai Express’ 2023 Franchise Disclosure Document (FDD):

“We do not make any representations about a franchisee's future financial performance or the past financial performance of company-owned or franchised outlets. We also do not authorize our employees or representatives to make any such representations either orally or in writing. If you are purchasing an existing outlet, however, we may provide you with the actual records of that outlet.”

How Much Does It Cost To Open a Thai Express Franchise?

According to the 2023 FDD, the initial investment required to begin operation of a Thai Express food court franchise ranges from $350,400 to $794,500. These costs break down as follows:

• Initial Franchise Fee: $30,000
• Utility/Landlord Deposits: $7,000 - $10,000
• Lease Deposit & 3 Months Rent: $17,500 - $52,500
• Store Design Fees & Plans: $10,000 - $17,000
• Permits: $1,000 - $3,000
• Store Construction, Leaseholds & Fixtures: $140,000 - $315,000
• Exhaust: $40,000 - $80,000
• Equipment: $120,000 - $200,000
• Furniture: $20,000 - $45,000
• Signage: $7,000 - $20,000
• Menu Box: $10,000 - $17,500
• Opening Uniform Package: $700 - $1,200
• Smallwares: $10,000 - $12,000
• Opening Promotion & Advertising: $750 - $5,000
• Grand Opening Marketing Fee: $10,000
• Security System: $0 - $3,000
• Training: $500 - $2,500
• Insurance: $850 - $3,500
• POS System: $3,500 - $14,000
• Additional Funds (3 Months): $25,250 - $35,500

What Is the Franchise Fee for Thai Express?

The initial franchise fee for Thai Express is $30,000, which is due upon signing the franchise agreement.

Who Is on the Thai Express Leadership Team?

• Eric Lefebvre—Chief Executive Officer
• Renee St-Onge—Chief Financial Officer
• John Wuycheck—Senior Vice President of Franchise Development

What Helpful Articles Can I Read To Learn More About Thai Express?

• Best Thai Restaurant Near Millenia Mall
• Thai Express Opens First U.S. Location
• The Thai Express Story
• MTY Launches Thai Express in Retail Stores

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