What is Costa Vida?
Costa Vida Fresh Mexican Grill is a rapidly growing, fast-casual Mexican restaurant franchise that is expanding throughout the U.S. We have proof of concept as a restaurant brand and as a franchise opportunity.
Our guests enjoy chef-inspired, fresh Mexican food that tastes and looks amazing, and the restaurants have a Mexican coast-inspired atmosphere designed to create a relaxed and welcoming customer experience.
What sets Costa Vida apart from other Mexican restaurant concepts?
For our guests, we have food that is made fresh from scratch every day in our restaurants. Nothing comes pre-made; our tortillas are made hot and fresh on our comal, fresh vegetables are chopped daily for our various salsas and our meats are never frozen.
For our franchise partners, our regimented operations ensure quality and consistency while keeping costs and food waste down, better enabling our franchise owners to maximize profit potential. Our leadership has extensive experience in food service and multi-unit operations with direct involvement in our corporate-owned locations, so they’re better positioned to help you succeed.
Who is Costa Vida looking for in a franchisee?
While there are no minimum development requirements, Costa Vida franchisees are generally experienced food and hospitality veterans looking for their next high-growth vehicle. There are some limited opportunities for more passive financial investors.
How much is the franchise fee?
The franchise fee is $30,000 for a single location. Under an Area Development Agreement, the Area Development Fee is $15,000 per Costa Vida restaurant to be opened under the development schedule.
How much are the royalty fees?
The royalty fees are 6% of monthly net sales. Marketing fees total 4.5% of monthly net sales, broken down into the National Marketing Fund (up to 2% of net sales), Local Marketing Fund (2% of net sales to be spent by franchisee on local advertising and promotion) and the Marketing Administration Fee (0.5% of net sales).
What is my total estimated initial investment?
The estimated initial investment for a single Costa Vida location ranges from $659,500-$1,025,000, not including real estate lease costs. For a more detailed breakdown of the investment, visit the What are the Startup Costs? page.
Does Costa Vida offer financing?
Costa Vida has significant banking relationships for financing on new franchisee start-ups, acquisitions and territory expansion.
What territories are available?
Costa Vida has single-store and multi-unit opportunities available throughout the United States, in both currently developed markets and entirely new territories.
Is Costa Vida developing internationally?
There are currently three franchise locations in Alberta, Canada, and opportunities are available to develop other locations in Canada. For more information about Canadian development opportunities, please contact us directly at 1-888-218-1035.
How much money can I make?
Our efficient operations and vendor relationships help our franchisees keep costs down and contribute to strong unit-level economics and earning potential.
While we cannot make any specific guarantees of income or profits at your Costa Vida franchise location, fill out the form on this page to download our Executive Summary, where you can review Item 19 of our Franchise Disclosure Document. Item 19 includes details on the financial performance of locations open in the U.S. for the entire 12 months of 2016.
If we appear to fit what you are looking for in an opportunity, let’s have a conversation. Fill out the contact form on this page and we will reach out to you by telephone shortly.