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Qdoba

Qdoba

Qdoba franchises operate high-quality, Mexican-themed quick-service or fast-casual restaurants where guests customize burritos, bowls, tacos, salads, quesadillas, nachos, chips, dips like queso and guacamole, and drinks using fresh, in-house prepared ingredients. The business model grants franchises or development rights to use Qdoba's trademarks, proprietary system, operational standards, manuals, training, and marketing programs for operating restaurants in approved locations, primarily strip centers or freestanding buildings. Target market includes urban and suburban consumers seeking value-priced, personalized Mexican meals, competing with other fast-casual and quick-service chains.

Since 1997Food & BeverageSan Diego, CAinvestment funds managed by affiliates of Butterfly Equity LPwww.qdoba.com
Item 19 AvailableSBA Loan Data

Disclaimer: This information was extracted using AI from public Franchise Disclosure Documents and should be independently verified. This is not financial or legal advice. Always review official FDD filings before making investment decisions.

Overview

Investment
$545,500 - $1,294,000
Franchise Fee
$40,000
Locations
613

Financial Requirements

Franchise Fee$40,000
Initial Investment Range$545,500 - $1,294,000
Royalty Rate5.00%
Brand Fund4.50%
Fixed Monthly Fees$769 - $1,485

5% royalty + 4.5% marketing fund + $769-$1,485/mo fixed fees (IT base/support, LMS, Q-Cash)

Franchise Stats

Franchise Locations613
Corporate Locations164
States Operating49
Franchising Since1997
FDD Year2025

Financial Performance

Item 19 Financial Performance

Average Gross Revenue
$1,643,653
Median Gross Revenue
$1,532,221
EBITDA Margin
16.03%
Top Quartile Revenue
$2,481,570
Bottom Quartile Revenue
$926,169
Average EBITDA
$263,398

Data Based On: 318 traditional, franchised Qdoba restaurants which have reported financial information through our online portal for a trailing twelve month period.

* Average Gross Revenue (Net Restaurant Sales) and Median Gross Revenue extracted from 'Historical Average Sales, Selected Costs and Operating Results' table (page 3). Revenue Top/Bottom Quartile extracted from 'Chart 2: Franchised Qdoba Restaurants - Historical Average Net, Median and Low / High Restaurant Net Sales' table (page 2). Average EBITDA and its low/high range extracted from 'Proforma Franchisee EBITDA - including fees' row in the 'Historical Average Sales, Selected Costs and Operating Results' table (page 4). EBITDA margin calculated as Average EBITDA / Average Gross Revenue (263,398 / 1,643,653).

Extracted Item 19 Section

How Qdoba Compares to Other Fast Casual Franchises

Key Insights

  • Top 10 largest franchise system in Fast Casual
  • Lower than average SBA loan default rate in Fast Casual
FranchiseInvestment RangeFranchise FeeRoyaltyLocations
Qdoba
Current
$546K - $1.3M$40K5.0%613
Tropical Smoothie Cafe$300K - $721K$35K6.0%1,371
TROPICAL SMOOTHIE CAFÉ$300K - $721K$35K6.0%1,371
FIREHOUSE SUBS RESTAURANTS (UNIT)$379K - $1.4M$20K6.0%1,248
Zaxby's$1.4M - $3.8M$35K6.0%826
CHICK-FIL-A License Program$586K - $3.3MN/A10.0%412
Fast Casual Average
107 franchises
$532K - $1.2M$39K5.6%-

* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 107 Fast Casual franchises by location count.

Locations & Growth

Outlet Growth Over Time

Total outlets at end of each year

Geographic Distribution (2024)

Outlets by state across the United States

Top States by Outlet Count
1WI
58
2IN
42
3MO
34
4KY
31
5VA
26
6MN
25
7OK
24
8MD
22
9NJ
21
10CO
21
11PA
21
12WA
21
13TX
21
14FL
19
15MI
19

+33 more states

SBA Loan History

Historical SBA 7(a) loan data for Qdoba franchisees (2010 - 2025)

Total Loans
38
Average Loan Amount
$598,779
Total Loan Volume
$22,753,600
Default Rate
2.6%

Loans by Year

* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.

Franchisee Contacts

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Due Diligence

Litigation (Item 3)

Franchisee Litigation Cases2

Primarily termination disputes, breach of contract, and related claims by franchisees or former franchisees.

Bankruptcy (Item 4)

Bankruptcy HistoryNo

No bankruptcy history reported in the FDD.

System Health (Item 20)

Franchise system changes reported in the most recent fiscal year

Terminations
10
Non-Renewals
0
Reacquired by Franchisor
0
Ceased Operations (Other)
10
System Transfers
0
Sold to Franchisees
0
Projected New Franchises
13

Frequently Asked Questions

How much does it cost to open a Qdoba franchise?

The total initial investment to open a Qdoba franchise ranges from $545,500 to $1,294,000. This includes a franchise fee of $40,000. Ongoing royalty fees are 5.0% of gross sales.

How much revenue does a Qdoba franchise make?

According to the 2025 FDD, the average gross revenue for a Qdoba franchise is $1,643,653. The median revenue is $1,532,221.

How much profit can you make with a Qdoba franchise?

Based on the financial performance data in the FDD, estimated profit for a Qdoba franchise ranges from $-243,287 to $1,311,370 per year. Actual results vary based on location, management, and market conditions.

How many Qdoba franchise locations are there?

As of the 2025 FDD, Qdoba has 613 franchise locations. The company has been franchising since 1997.

Can you get an SBA loan for a Qdoba franchise?

Yes, SBA loans are available for Qdoba franchises. Historical data shows 38 SBA 7(a) loans have been approved for Qdoba franchisees, with an average loan amount of $598,779. The historical default rate is 2.6%.

Is Qdoba a good franchise to buy?

Qdoba shows several positive indicators: established brand with 613+ locations, transparent financial performance data (Item 19), low SBA loan default rate. However, franchise success depends on many factors including location, local market conditions, and owner involvement. We recommend speaking with existing franchisees and consulting with a franchise attorney before making a decision.

Interested in Qdoba?

Talk to a franchise advisor to get personalized guidance and learn if Qdoba is the right fit for you.

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