Qdoba signs 22 franchise deals in fiscal year; plans to expand in...
Qdoba Mexican Eats is touting its continued growth, highlighted by nearly two-dozen new franchise agreements in its fiscal year.
The fast-casual chain says it has achieved 14 consecutive quarters of positive same-store sales and 22 new franchise signings nationwide in its fiscal year. For the period ending September 2024, Qdoba reported a 7.7% increase in comp sales on top of last year's 6.3% increase.
Qdoba’s new agreements in the fiscal year are highlighted by Thrive Restaurant Group committing to develop 30 restaurants in North and South Carolina, Q Eats LLC signing on for 15 restaurants across the Houston metro era, and Golden Maize Restaurants, LLC planning five new locations in Westchester County, New York.
Additionally, Cafua Management Company and Mountain View Management are expanding into Qdoba with five new restaurants in Pennsylvania, with further growth anticipated across Pennsylvania, New Hampshire, and other markets aligned with Cafua Family operations.
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Other areas of expansion for Qdoba include large markets like Portland, Ore., Chicago, Reno, and the Greater Washington D.C. area.
"The demand for Mexican fast-casual dining continues to surge, and Qdoba is well-positioned to meet that demand while offering an exciting investment opportunity for franchisees," said Jeremy Vitaro, chief development officer at Qdoba. "Our year-to-date successes are a testament to the strength of our brand, driven by innovative offerings and an unwavering commitment to quality. With strategic incentives and unmatched franchisee support, Qdoba is the ideal partner for operators looking to expand in this dynamic market."
Earlier this year, Qdoba announced a new program to incentivize franchise growth. Qualified franchisees can receive $100,000 in cash after opening for any commitments to open new restaurants by September 2026. The incentive is available to new franchisees dedicated to multi-unit development and existing franchisees adding incremental restaurants to their development growth plans.
Based in San Diego, Qdoba operates approximately 800 locations in the United States, Canada and Puerto Rico.
