Verve Taco

Mexican food
Find out what franchise is right for you
2021 Franchise 500 Rank
N/R Not ranked last year
See the Full List
Initial investment
$297K - $750K
Units as of 2019
1

Company Overview

About Verve Taco

Industry
Food
Related Categories
Mexican Food
Founded
2019
Parent Company
Demand Brands Group
Leadership
Richard Gottlieb, Founder and CEO

Franchising Overview

Franchising Since
2019 (2 years)
# of employees at HQ
10
Where seeking

This company is seeking new franchisees throughout the US.

This company is seeking new franchisees worldwide.

# of Units
1 (as of 2019)

Franchisor Information

Social
Facebook, Twitter
Corporate Address
729 Montana
Santa Monica, CA 90403

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Verve Taco 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
$40,000
Initial Investment
$297,450 - $750,200
Net Worth Requirement
$400,000
Cash Requirement
$200,000
Veteran Incentives
15% off franchise fee
Royalty Fee
6%
Ad Royalty Fee
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.

Third Party Financing
Verve Taco has relationships with third-party sources which offer 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
112 hours
Classroom Training
36 hours
Ongoing Support
Newsletter
Meetings & Conventions
Grand Opening
Online Support
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Ad Templates
Regional Advertising
Social Media
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
# of employees required to run
14
Are exclusive territories available?
Yes

Franchise 500 Ranking History

Compare where Verve Taco landed on this year’s Franchise 500 Ranking versus previous years.

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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