Taco Palace vs Costa Vida Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Taco Palace vs Costa Vida including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Taco Palace Franchise
Costa Vida Franchise
Investment $53,200 - $133,100$659,500 - $1,025,000
Franchise Fee $33,950$30,000
Royalty Fee 0-4%6%
Advertising Fee -to 2%
Year Founded 19852003
Year Franchised 19962004
Term Of Agreement 1 year+-
Term Of Agreement 1 year+-
Renewal Fee --


Business Experience Requirements

 
Taco Palace Franchise
Costa Vida Franchise
Experience
  • General business experience
  • -

    Financing Options

     
    Taco Palace Franchise
    Costa Vida Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/No-/Yes
    Start-up Costs No/No-/Yes
    Equipment No/No-/Yes
    Inventory No/No-/Yes
    Receivables No/No-/Yes
    Payroll No/No-/Yes

    Training & Support

     
    Taco Palace Franchise
    Costa Vida Franchise
    Training -On-The-Job Training: 250 hours Classroom Training: 20-40 hours
    Support Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperativesNewsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
    Marketing Ad slicksAd Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
    Operations 0% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 12

    Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators)

    -

    Expansion Plans

     
    Taco Palace Franchise
    Costa Vida Franchise
    US Expansion -Yes
    Canada Expansion No-
    International Expansion YesYes

    Company Overviews

    About Taco Palace

    Husband-and-wife team Larry and Sandi Faria bought Taco Palace from Kirk Davison in 1985. The Farias had previously owned a pair of Chevron Oil Co. franchises and brought to Taco Palace 16 years of franchise experience. In developing Taco Palace's franchise program, the Farias were driven by the goal to develop a franchisee-friendly system. Taco Palace franchisees are not required to pay a franchise fee and are strongly encouraged to rent or lease an existing building and then dress it up, rather than construct a new one, a practice that helps to lessen start-up costs. The privately held company is headquartered in Monett, Missouri, and has a co-branding relationship with Kentucky Fried Chicken.

    About Costa Vida

    Want to become a part of one of the most exciting and fun restaurant opportunities in the nation? It's time to grab your surfboard and hunger for success and join the Costa Vida team. Costa Vida offers to our franchise partners a proven blueprint for amazing food, operational excellence, and an enjoyable customer experience in a vibrant and Baja-inspired environment. Development agreements are available for many territories (excluding Utah, Idaho, Arizona, and Colorado).
    Why Costa Vida?
     * Recognized as one of the fastest growing restaurants in the nation by RestaurantChains.net; as well as named to Franchise Times Fast 55 list
     * Differentiated & valued business offering
     * Proactive corporate support
     * Exciting & fun! Our preferred franchise owners are groups that demonstrate a commitment to quality, service, and integrity that protect the system's brand, value, and growth.

    Preferred Locations: Many locations throughout the United States are available. Preferred locations include: Hawaii, California, Florida.

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