Costa Vida
Mexican food- 2023 Franchise 500 Rank
-
N/RNot ranked last year
- Initial investment
-
$660K - $1M
- Units as of 2017
-
86
Company Overview
About Costa Vida
- Industry
- Food
- Related Categories
- Mexican Food
- Founded
- 2003
- Parent Company
- Costa Vida Management
- Leadership
- Dave Rutter, CEO
- Corporate Address
-
3451 N. Triumph Blvd., #105
Lehi, UT 84043
Business Overview
- Franchising Since
- 2004(19 years)
- # of employees at HQ
- 40
- Where seeking
-
This company is offering new franchisees in the following US states:
This company is offering new franchisees in the following international regions:
- # of Units
- 86(as of 2017)
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Costa Vida franchise.
Financial Requirements & Ongoing Fees
Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
- Initial Franchise Fee
- $30,000
- Initial Investment
- $659,500 - $1,025,000
- Net Worth Requirement
- $750,000 - $2,000,000
- Cash Requirement
- $250,000 - $1,000,000
- Royalty Fee
- 6%
- Ad Royalty Fee
- to 2%
- Term of Agreement
- 10 years
- Is franchise term renewable?
- Yes
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- In-House Financing
- Costa Vida offers in-house financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
- On-The-Job Training
- 250 hours
- Classroom Training
- 20-40 hours
- Ongoing Support
-
NewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
-
Ad TemplatesRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- No
- Can this franchise be run from home/mobile unit?
- No
- Can this franchise be run part time?
- No
- Are exclusive territories available?
- Yes
Interested in ownership opportunities like Costa Vida? Request a free consultation with a Franchise Advisor now.
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