Costa Vida

Costa Vida

Mexican food
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2022 Franchise 500 Rank
N/R Not ranked last year
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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

Franchising Overview

Franchising Since
2004 (18 years)
# of employees at HQ
40
Where seeking

This company is seeking new franchisees in the following US states:

This company is seeking new franchisees in the following international regions:

# of Units
86 (as of 2017)

Franchisor Information

Corporate Address
3451 N. Triumph Blvd., #105
Lehi, UT 84043

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
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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
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Ad Templates
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty 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
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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021