FranchiseVerdict
El Fresco Mexican Grill logo
FV-00844·MODERATEExcellent86

El Fresco Mexican Grill

Food & Beverage - Full ServiceFranchising since 2021Website
Investment
$354K – $606K
47th pct Full Service
Avg revenue
$1.0M
19th pct Full Service
Royalty
5.0%
15th pct Full Service
Units
4
20th pct Full Service
SBA default

Bottom line

  • Total investment $354K – $606K including a $30K franchise fee, 5.0% ongoing royalty.
  • Average unit revenue of $1.0M/year.
  • Rated MODERATE with a risk score of 63/100.

Item 1 · who you're contracting with

The Franchisor

Legal entity
El Fresco Franchising Systems, LLC
Incorporated in
Delaware
HQ
13970 Metrotech Drive, Chantilly, VA 20151
Auditor
Naper CPA Group
Audited financials
Franchisor revenue
$138K
vs $172K prior year

Yale framework · single-unit ROIC

Returns Analysis

Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.

The model · Yale framework

What would one El Fresco Mexican Grill unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $1,024,723
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: generic
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $354K–$606K
Working capital
$
FDD reports $30K–$50K

Unlevered ROIC · per unit

34%

In Yale's "attractive" band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$174K
EBITDA margin
17.0%
Total invested
$520K
Payback
36 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Levered LBO scenario · Yale Crease Capital framing

What would 25 El Fresco Mexican Grill units return on equity?

Edit assumptions

Equity IRR · 5-yr

48.3%

7.17× MOIC

Year-1 DSCR

1.91×

EBITDA ÷ debt service

Equity required

$2.2M

on $10.2M purchase

Total debt

$8.1M

SBA $5.0M + senior + seller note

SBA 7(a) request ($5.1M) exceeds the $5M program cap. Excess capped automatically; backfill via conventional or equity.

Overview

About

Franchisees operate casual Mexican quick-service or full-service restaurant locations, managing daily food preparation, customer service, inventory, staffing, and marketing. Operations involve managing kitchen staff, handling POS systems, maintaining food safety standards, and driving local customer acquisition in a protected territory.

CEO
Steve Ganji
Founded
2021
FDD year
2026
States available
1

Item 7 · what it costs

The Vitals

Total investment
$354K – $606K
All-in to open one unit
Liquid capital
$30K – $50K
Cash you must have on hand
Franchise fee
$30K
Royalty
5.0%
percentage of gross sales · typical 6–8%
Ad fund
1.0%
typical 3–5%
Total fee load
6.0%
vs 9–13% typical

Item 19

Financial Performance

Avg gross sales
$1.0M
Per unit, per year
Median gross sales
Item 19 type
Actual Gross Sales
Sample size
4 units
vs category median 15 · small
Range (low → high)
$654K$1.8M
Cohort dispersion
Transparency
3 / 5
vs category median 4 / 5 · below
Revenue rank19th
vs Food & Beverage - Full Service peers
Investment cost rank47th
Lower investment ranks lower (better)
Royalty rate rank15th
Lower royalty = lower percentile (better)
Unit count rank20th
vs Food & Beverage - Full Service peers
Risk score rank51th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
4
Opened
0
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
2
Corporate units in the system
% franchised
50%
vs corporate-owned
Net growth (yr3)
+0.0%
Net unit change last year
3-yr CAGR
-33.3%
Compounded over last 3 years
2024
2±0
Franchised units
2025
2
Franchised units
2026
3
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 14 states with active franchisees

The Territory Map

Derived from franchisee contact records. Shows states with at least one current operator — not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Registered · 14 states
Not registered

States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.

Government records

SBA Loan Data

Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.

No SBA loan data available for this brand.

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

63
Risk · 0-100
MODERATE63 / 100

El Fresco presents a HIGH-CAUTION profile: a micro-franchise system with unproven unit economics, no profitability disclosure, questionable corporate financial health, and no demonstrated growth, making investor returns highly speculative.

Score breakdown · what drove the 63 / 100 rating

  1. 01MINOROnly 4 existing units with unknown/stalled growth trajectory raises sustainability questions
  2. 02MINORNo net income disclosure (Item 19) prevents accurate ROI assessment and suggests weak or inconsistent profitability
  3. 03HIGHGoing Concern status is FALSE, indicating potential financial viability concerns at corporate level
  4. 04MEDHigh investment range ($353k-$605k) against only 4 units suggests limited franchisor track record and unproven unit economics
  5. 05MINOR5% royalty on $1M average revenue ($50k annually) may be insufficient to support franchisor operations with only 4 units

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
population and radius
Protected territory
Yes
Initial term
10 years
Renewal term
5 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
0
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Optional
Governing law
Delaware

Item 11

Training & Operations

Classroom training
66 hrs
On-the-job training
44 hrs
POS system
Clover POS
Operating tech stack

Item 20

Franchisee Contacts

Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.

Franchisee contacts

16 numbers

Locked
(701) 328-••••
ND
(503) 378-••••
OR
(401) 462-••••
RI

One-time purchase · CSV download · Validation questions included

FDD download

El Fresco Mexican Grill · FDD (2026) PDF

Single-page checkout · instant download · CSV export of contacts available separately above