- Franchise 500 Rank
-
N/R Not 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 |
Social | Facebook, Twitter, Instagram |
Business Overview
Franchising Since | 2004 (20 years) |
---|---|
# of employees at HQ | 40 |
Where seeking |
This company is offering new franchises in the following US states: This company is offering new franchises 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 |
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 |
Sign Up for Our Franchise Newsletter
Stay up to date on the latest news and trends affecting the franchise industry.
Related Franchises
Are you eager to see what else is out there? Browse franchises that are similar to Costa Vida.
Related Franchise Content
Catch up on the latest franchise news, trends, and more.
7-Eleven Stores in the U.S. Will Introduce Some Japanese-Inspired Changes. Here's What to Expect.
You'll soon be able to pick up some fresh sushi or a new type of snack at your local 7-Eleven — but the Big Gulp isn't going away.
McDonald's Is Extending Its $5 Meal Deal in Most of the U.S. — Get the Details Here
The $5 deal, created in response to a demand for value from inflation-strapped consumers, was initially planned for a four-week run.
McDonald's is About to Bring Back a Beloved Menu Item — Here's What You Need to Know
A new test run indicates that the popular Snack Wraps — off the U.S. menu since 2016 — may return soon.
Join the #1 Breakfast Franchise with Eggs Up Grill!
Eggs Up Grill has a talented executive team focused on driving the strategic growth of the brand. They provide franchisees access to open territories, the ability to diversify a portfolio, and is a brand with demonstrable growth.
In a 'Landmark Victory' for Franchises, NLRB Drops Expanded Joint Employer Appeal — Here's What it Means for Businesses
The attempt to implement the expanded Joint Employer Rule is "finally finished" in a win for the IFA-led coalition and for franchises across the U.S.
4 Things I Wish I Knew Before Starting My Franchise Journey
Discover key insights about franchise ownership by understanding these four learned lessons from a seasoned franchise owner and consultant.