Costa Vida Franchise Prices, Charges, Revenues, Earnings (2023 Assessment)

On this unique Franchise Chatter FDD Speak put up, you’ll be taught the next:

Part I – Estimated preliminary funding (franchise prices) for a Costa Vida Contemporary Mexican Grill franchise, primarily based on Merchandise 7 of the corporate’s 2022 FDD

Part II – Preliminary franchise price, royalty price, and advertising price for a Costa Vida Contemporary Mexican Grill franchise, primarily based on Gadgets 5 and 6 of the corporate’s 2022 FDD

Part III – Variety of franchised and company-owned Costa Vida Contemporary Mexican Grill retailers firstly of the 12 months and the top of the 12 months for 2019, 2020, and 2021, primarily based on Merchandise 20 of the corporate’s 2022 FDD

Part IV – Information updates on the Costa Vida Contemporary Mexican Grill franchise alternative

Part V – Presentation and evaluation of Costa Vida Contemporary Mexican Grill’s monetary efficiency representations (common revenues and/or earnings), primarily based on Merchandise 19 of the corporate’s 2022 FDD, together with info on the:

• 2021 common unit quantity, price of products bought, repairs & upkeep, labor, provides, utilities, and EBITDAR (Earnings Earlier than Curiosity, Taxes, Depreciation, Amortization, and Hire) for the highest 20, center 35, and backside 20 of 75 conventional Costa Vida Contemporary Mexican Grill eating places that operated in the USA for the complete 12 months ending December 31, 2021

• 2021 common, median, highest, and lowest internet gross sales for 75 conventional Costa Vida Contemporary Mexican Grill eating places that operated in the USA for the complete 12 months ending December 31, 2021

Part VI – Key ratios, comparables, computations, and analyses for the Costa Vida Contemporary Mexican Grill franchise alternative (unique content material for Platinum subscribers)

Part I – Costa Vida Contemporary Mexican Grill Franchise Prices

• Franchise Price:  $30,000
• Space Growth Price:  $15,000 per Costa Vida Restaurant to be developed below the Growth Schedule
• Journey and Residing Bills Whereas Coaching:  $15,000
• Tenant Enhancements and Construct-Out:  $300,000 to $614,000
• Constructing and Design Allow and Skilled Charges:  $14,000 to $49,000
• Restaurant Gear together with POS and Computer systems:  $150,000 to $255,000
• Commerce Costume, Woodwork, Furnishings, Design Package deal, and Fixtures:  $55,000 to $99,000
• Opening Provides and Stock:  $10,000 to $15,000
• Smallwares:  $15,000 to $30,000
• Signage:  $8,000 to $50,000
• Grand Opening Promotion and Particular Help:  $10,000 to $20,000
• Safety and Utility Deposits:  $1,000 to $18,000
• Insurance coverage:  $1,500 to $5,000
• Further Funds – 3 Months:  $50,000 to $100,000
• Complete Estimated Costa Vida Contemporary Mexican Grill Franchise Prices:  $659,500 to $1,300,000 (not together with actual property prices)

Part II – Costa Vida Contemporary Mexican Grill’s Preliminary Franchise Price, Royalty Price, and Advertising Price

• Preliminary Franchise Price:  $30,000
• Royalty Charges:  6% of month-to-month Internet Gross sales
• Nationwide Advertising Fund:  as much as 2% of Internet Gross sales
• Native Advertising Funds:  2% of Internet Gross sales to be spent by franchisee on native promoting and promotion
• Advertising Administration Price:  0.5% of Internet Gross sales

Part III – Variety of Franchised and Firm-Owned Costa Vida Contemporary Mexican Grill Retailers

Franchised

2019

• Retailers on the Begin of the Yr:  69
• Retailers on the Finish of the Yr:  58
• Internet Change:  -11

2020

• Retailers on the Begin of the Yr:  58
• Retailers on the Finish of the Yr:  58
• Internet Change:  0

2021

• Retailers on the Begin of the Yr:  58
• Retailers on the Finish of the Yr:  57
• Internet Change:  -1

Firm-Owned

2019

• Retailers on the Begin of the Yr:  26
• Retailers on the Finish of the Yr:  39
• Internet Change:  +13

2020

• Retailers on the Begin of the Yr:  39
• Retailers on the Finish of the Yr:  36
• Internet Change:  -3

2021

• Retailers on the Begin of the Yr:  36
• Retailers on the Finish of the Yr:  34
• Internet Change:  -2

Part IV – Information Updates on the Costa Vida Contemporary Mexican Grill Franchise

Part V – Monetary Efficiency Representations (Common Revenues and/or Earnings) for the Costa Vida Contemporary Mexican Grill Franchise (Merchandise 19, 2022 FDD)

• This Merchandise units forth sure historic income and expense info for 75 of the Costa Vida Eating places in operation within the U.S. for the complete 12 months of 2021.

• Along with the 86 U.S. areas that have been open for all of 2021, a complete of two new Eating places have been opened within the U.S. throughout 2021, of which 2 are franchised areas owned by non-affiliates of Costa Vida.

• The knowledge associated to those 75 U.S. franchise areas is predicated on month-to-month revenue and loss statements offered to Costa Vida by its franchisees and has not been audited or in any other case verified by Costa Vida.

• Some retailers have bought this quantity. Your particular person outcomes could differ. There isn’t a assurance that you just’ll promote as a lot.

Half 1 – Fiscal Yr 2021 Monetary Efficiency

• The next desk represents common 2021 monetary efficiency for 75 Eating places that operated in the USA for the complete 12 months ending December 31, 2021. Whereas there have been 92 Costa Vida eating places working as of December 31, 2021, 17 Eating places haven’t been included as a result of they (i) didn’t function in the USA, (ii) didn’t function or didn’t have full info for the complete 12 months ending December 31, 2021, or (iii) are non-traditional eating places.

• The information in Half 1 and Half 2 is grouped into three rows for the highest 20, center 35, and backside 20 areas primarily based on common gross sales efficiency.

Averages for Prime 20

• Common Unit Quantity (AUV):  $2,911,415
• EBITDAR:  $593,278
• COGS (% of AUV):  29.5%
• Repairs & Upkeep (% of AUV):  1.1%
• Labor (% of AUV):  24.3%
• Provides (% of AUV):  2.3%
• Utilities (% of AUV):  1.6%
• EBITDAR (% of AUV):  20.4%

Averages for Center 35

• Common Unit Quantity (AUV):  $1,792,574
• EBITDAR:  $262,515
• COGS (% of AUV):  29.8%
• Repairs & Upkeep (% of AUV):  1.4%
• Labor (% of AUV):  27.6%
• Provides (% of AUV):  2.5%
• Utilities (% of AUV):  2.2%
• EBITDAR (% of AUV):  14.6%

Averages for Backside 20

• Common Unit Quantity (AUV):  $1,119,718
• EBITDAR:  $58,265
• COGS (% of AUV):  30.8%
• Repairs & Upkeep (% of AUV):  1.7%
• Labor (% of AUV):  29.4%
• Provides (% of AUV):  2.7%
• Utilities (% of AUV):  2.3%
• EBITDAR (% of AUV):  16.0%

Half 2 – COGS and Salaries Mixed (% of AUV)

• Prime 20:  53.8%
• Center 35:  57.4%
• Backside 20:  60.9%

Half 3 – Internet Gross sales

• Knowledge in Half 3 exhibits the quantity of the best and lowest Internet Gross sales figures for any Costa Vida location, in addition to the typical throughout all areas.

• Highest:  $4,624,820
• Common:  $1,911,503
• Lowest:  $570,002
• Median:  $1,747,153

• All percentages given are a proportion of AUV.

• Variations within the gross sales ranges of eating places could happen as a result of visitors the place the eating places are positioned, the populations and earnings of the speedy market space, the retail maturity within the space, the quantity of competitors within the space, and quite a few different components.

• AUV is the typical annual Restaurant gross sales for the relevant shops in every class. AUV consists of gross sales of all meals, drinks, promotional objects, internet of gross sales taxes, reductions, and coupons.

• COGS consists of all meals, paper, and distribution prices much less provider rebates.

• Labor consists of wages paid to all hourly and administration workers working within the Restaurant. Your labor prices may fluctuate relying on the prevailing wage charges within the space of the nation by which a Restaurant is positioned and the precise labor legal guidelines.

• Restore & Upkeep prices embrace the price of restore and upkeep of your facility and gear.

• Provides prices embrace prices for operational provides (together with small wares and janitorial provides) and uniforms.

• Utilities embrace prices for phone, water, fuel, and electrical energy for the Restaurant.

• Restaurant EBITDAR equals Restaurant-level earnings earlier than curiosity, earnings taxes, depreciation, amortization, and hire.

• No quantities have been included for bills a franchisee will doubtless incur for house owners’ salaries, curiosity and debt service, authorized charges, and earnings taxes. You’ll doubtless have such bills, and to the extent {that a} franchisee expects to incur such bills, the franchisee’s total bills will likely be greater than these mirrored within the desk.

Part VI – Costa Vida Contemporary Mexican Grill Franchise Ratios, Comparables, Computations, and Analyses (Unique Content material for Platinum Subscribers) ⬇️