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Updated RecentlyDiamond Dave's Mexican Restaurants vs Costa Vida Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Diamond Dave's Mexican Restaurants vs Costa Vida including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $189,000 - $325,000 | $659,500 - $1,025,000 |
| Franchise Fee | $15,000 | $30,000 |
| Royalty Fee | 4% | 6% |
| Advertising Fee | - | to 2% |
| Year Founded | 1979 | 2003 |
| Year Franchised | 1980 | 2004 |
| Term Of Agreement | 10 years+ | - |
| Term Of Agreement | 10 years+ | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | Yes/No | -/Yes |
| Start-up Costs | Yes/No | -/Yes |
| Equipment | Yes/No | -/Yes |
| Inventory | Yes/No | -/Yes |
| Receivables | Yes/Yes | -/Yes |
| Payroll | Yes/Yes | -/Yes |
Training & Support |
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| Training | - | On-The-Job Training: 250 hours Classroom Training: 20-40 hours |
| Support | Newsletter, Meetings, Grand opening, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | Ad slicks | Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations |
20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 20 Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators) | - |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | No | - |
| International Expansion | No | Yes |
Company Overviews
About Diamond Dave's Mexican Restaurants
Native Texan Warren David Cohen founded Diamond Dave's Mexican Restaurants in 1979. Wanting to share the Tex-Mex cuisine of his childhood with families in the Midwest, Cohen created the restaurant chain that by 2000 had more than 30 locations.
Diamond Dave's restaurants serve Mexican favorites like quesadillas, tacos and chimichangas as well as salads, hamburgers and sirloin steak.
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.
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