How many Costa Vida Fresh Mexican Grill outlets did Washington have at the start of 2023?
Costa_Vida_Fresh_Mexican_Grill Franchise · 2025 FDDAnswer from 2025 FDD Document
-|---|---| | Idaho | 2022 | 0 | | | 2023 | 1 | | | 2024 | 0 | | Total | 2022 | 0 | | | 2023 | 1 | | | 2024 | 0 |
Table No. 3 Status of Franchised Outlets For Years 2022 to 2024*
| Col. 1 State | Col. 2 Year | Col. 3 Outlets at Start of Year | Col. 4 Outlets Opened | Col. 5 Terminations | Col. 6 Non- Renewals | Col. 7 Re-acquired by Costa Vida | Col. 8 Ceased Operations – Other Reasons | Col.
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 63–66)
What This Means (2025 FDD)
According to Costa Vida Fresh Mexican Grill's 2025 Franchise Disclosure Document, Washington had 7 outlets at the start of 2023. However, by the end of 2023, the number of outlets in Washington decreased to 0. This decrease was due to 4 outlets being reacquired by Costa Vida Fresh Mexican Grill and 3 ceasing operations for other reasons.
This information is crucial for potential franchisees as it highlights the volatility in the number of operating franchises in a specific state. The significant drop in Washington outlets suggests potential challenges or market conditions that prospective franchisees should investigate. Understanding the reasons behind these closures and re-acquisitions can provide valuable insights into the risks and opportunities associated with investing in a Costa Vida Fresh Mexican Grill franchise in certain regions.
It's important to note that while the document provides data on outlet changes, it does not delve into the specific reasons for terminations or re-acquisitions. A prospective franchisee should seek additional information from Costa Vida Fresh Mexican Grill regarding the factors that contributed to these changes in Washington to make a well-informed decision. This includes understanding the financial performance of the closed outlets, any disputes with franchisees, or changes in the local market that may have impacted the business.