Verve Restaurants
Verve Restaurants are upscale fast casual restaurants that serve freshly marinated and prepared carne asada, el pastor, adobo chicken, and other made-to-order menu items. We offer proprietary sauces and marinades, toppings, rice, salads, side dishes, and non-alcoholic beverages, with craft beer and wine available in our restaurants. Our guests can dine on-site or take food to go, and our locations are designed to work in traditional restaurant spaces as well as food court, kiosk, and other high-traffic non-traditional venues. We focus on customers looking for a quick, fresh, Mexican-inspired meal in a convenient setting.
Your franchise match score
Fast Food
Brand highlights
- CEORichard J. Gottlieb
- Headquarters729 Montana Avenue, Santa Monica, CA, 90403
- Year founded2019
- Year started franchising2019
- IndustryFast Food
- Locations open1 (+1 last three years)
Statistics & metrics
- Investment range$297,450 - $750,200
- Franchise fee$40,000
- RoyaltyDuring the first 6 months of operations, $500 minimum per month, up to 3% of “Gross Sales”; thereafter, $1,000 minimum per month plus 6% of “Gross Sales” thereafter.
- Brand fund$400 minimum per month, up to 2% of Gross Sales
- Required Liquid CapitalN/A
- Required Net WorthN/A
Learn more about the Fast Food industry:
Fast food franchises are a staple of the food industry, offering quick and convenient dining options. This sector is highly competitive but offers significant potential for high-volume sales.
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FDD insights
The information shown below is derived from publicly available franchise disclosure documents (FDDs), including the version issued as of the issuance date listed below, and other third-party sources. This information may not reflect the most current FDD. It is provided for general informational purposes only and is not part of any franchise offering or sales process. Franchise Sidekick is not providing or furnishing an FDD in accordance with FTC requirements. You should obtain and review the most current official FDD directly from the franchisor before making any investment decision.
FDD Version Referenced - Issuance Date: 2020-06-26
| Category | Detail | View |
|---|---|---|
| The Franchisor & Executives | Learn about Verve Restaurants, its parent company, and the executive leadership team responsible for operating and supporting the franchise system. | |
| Business Experience | Review the professional backgrounds and relevant business experience of Verve Restaurants's executives, directors, and key management personnel. | |
| Litigation | Understand any past or pending legal actions involving Verve Restaurants, its affiliates, or key personnel that may be relevant to prospective franchisees. | |
| Estimated Initial Investment | Review the estimated total initial investment required to open a Verve Restaurants franchise, including startup costs and working capital estimates. | |
| Financial Performance Representations | Review any financial performance information Verve Restaurants provides, including revenue or earnings data, if disclosed. |
Location data
| Total locations | 1 |
| Franchise locations | 0 |
| Corporate locations | 1 |
System growth over time
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