Fajita Pete's franchise
2025 filing · April 23, 2025Shares sales figures
Fajita Pete's at a glance
A Tex-Mex restaurant focused on fajita delivery, takeout and catering. At the end of 2024 there were 32 Fajita Pete's locations in the US, 30 franchised and 2 company-owned.
The business
- Franchisor
- Fajita Pete's Franchising LLC
- The company that sells the franchises
- Franchising since
- 2015
- 10 years of selling franchises
- Typical size
- 1,200–1,600 sq ft
What you pay
- Cost to open
- $195K–$668K
- Fee, build-out and opening working capital
- Franchise fee
- $40,000
- Paid once, when you sign
- Royalty
- 5.5%
- 5.5% of gross sales, paid weekly
- Brand fund
- 1%
- 1% of gross sales, paid with the royalty
- Agreement length
- 10 years
- Franchisor financing
- None offered
Where it is
- US locations, 2024
- 32
- Franchised and company-owned
- Franchised
- 30
- Company-owned
- 2
From Fajita Pete's Franchising LLC’s 2025 filing; revenue and net income from its audited financial statements, page 160; SBA status from the SBA Franchise Directory, October 28, 2026.
Franchisor revenue is the company that sells the franchises (royalties, fees and anything else it earns), not what a location makes.
Where it ranks
Fajita Pete's among all franchises with the same figure.
| Figure | Fajita Pete's | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $431,100 | Costs more than 58% of franchises |
| Franchise feePaid once, when you sign | $40,000 | Lower than 46% of franchises |
| RoyaltyShare of sales paid to the franchisor | 5.5% | Lower than 66% of brands with a set rate |
| US locationsFranchised and company-owned | 32 | More than 57% of franchises |
| Sales per locationYearly, as the brand reports it | $764,066 | Lower than 52% of brands that share sales figures |
| Sales against cost to openYearly sales over the cost midpoint | 1.8× | Higher than 57% of brands that share sales figures |
How much a Fajita Pete's franchise costs
Opening one Fajita Pete's costs an estimated $194,500 to $667,700. That covers the franchise fee and everything else needed to open, through the first months of working capital.
The biggest costs are leasehold improvements ($56,000 to $375,000) and furniture, fixtures and equipment ($45,000 to $130,000). Here is every line of the estimate as filed:
| What it pays for | Range | Low | High |
|---|---|---|---|
| Initial Franchise Fee | $40,000 | ||
| Lease (first 3 months rent), Utility & Security Deposits | $10,000 | $13,700 | |
| Business Licenses and Permits | $3,000 | $8,500 | |
| Construction Drawing/Architect/Engineeri ng Fees | $4,500 | $20,000 | |
| Leasehold Improvements | $56,000 | $375,000 | |
| Furniture, Fixtures and Equipment | $45,000 | $130,000 | |
| Point-of-Sale Equipment and Computer | $500 | $2,000 | |
| Professional Fees | $500 | $7,500 | |
| Initial Inventory of Food, Beverages and Supplies | $3,000 | $10,000 | |
| Insurance Deposit | $1,000 | $8,000 | |
| Training Expenses | $3,000 | $10,000 | |
| Grand Opening Advertising | $3,000 | $8,000 | |
| Additional Funds | $25,000 | $35,000 | |
| Total | $194,500 | $667,700 | |
Source: Fajita Pete's Franchising LLC, 2025 filing, page 19
Fajita Pete's franchise fee
The franchise fee is $40,000. You pay it when you sign the franchise agreement.
Source: Fajita Pete's Franchising LLC, 2025 filing, page 12
Royalty and ongoing fees
| Royalty | 5.5% of gross sales, paid weekly. |
|---|---|
| Brand or marketing fund | 1% of gross sales, paid with the royalty. |
| Technology Fee | Up to $125 per week; currently $0. |
| Local Advertising | 2% of Gross Sales. |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: Fajita Pete's Franchising LLC, 2025 filing, pages 12 and 13
Other fees as filed, from page 13. The filing lists every fee, including late fees and audit costs.
Sales and earnings
Shares figures Fajita Pete's publishes sales or earnings figures for its locations. The full tables, with notes on which locations are counted, are in its filing.
- Average sales
- $764,066
- Median sales
- $734,093
Yearly figures for 2022, covering franchised restaurants open all of 2022. The average is about 1.8 times the midpoint of the cost to open.
Sales are what a location takes in before rent, payroll, royalties and other costs, not what its owner keeps.
Source: Fajita Pete's Franchising LLC, 2025 filing, pages 54–57
SBA loans to Fajita Pete's franchisees
Lenders approved 5 SBA 7(a) loans for Fajita Pete's franchisees from 2019 to 2024, $1.67M in all. One has been paid in full; none was charged off. The other 4 haven’t ended yet.
A charged-off loan is one written off as uncollectible. See SBA franchise loans for how 7(a) and 504 loans work.
Source: SBA 7(a) and 504 loan data, as of September 30, 2026
How Fajita Pete's compares
Of the 55 Mexican food franchises on this site, Fajita Pete's is the 4th cheapest to open and the 19th largest by number of locations.
| Figure | Fajita Pete's | Typical Mexican food brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $195K | $457K | $222K |
| Cost to open, high end | $668K | $946K | $477K |
| Franchise fee | $40K | $35K | $40K |
| Royalty | 5.5% | 5% | 6% |
| Brand fund | 1% | 2% | 2% |
| Sales per location | $764K | $1.18M | $794K |
| US locations | 32 | 15 | 21 |
| Change in franchised locations, 0 yrs | +30.4% | +2.1% | – |
| Shares earnings figures | Yes | 38 of 55 | 2,147 of 3,352 |
Typical is the median across the 55 brands in mexican food franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned |
|---|---|---|
| 2020 | 16 (+4) | 2 |
| 2021 | 23 (+7) | 1 |
| 2022 | 30 (+7) | 1 |
| 2023 | 27 (−3) | 1 |
| 2024 | 30 (+3) | 2 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
More in the guides: franchise failure rates.
Over 5 years, from the start of 2020 to the end of 2024, franchised locations went from 12 to 30 (+18, +150%). The earlier years come from the brand's 2023 filing.
Source: Fajita Pete's Franchising LLC, 2025 filing, page 57
2020–2021: Fajita Pete's Franchising LLC, 2023 filing, page 60
Who owns Fajita Pete's?
Fajita Pete's franchises are sold by Fajita Pete's Franchising LLC.
From Fajita Pete's Franchising LLC’s 2025 filing.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | None. The filing says no litigation has to be disclosed. |
|---|---|
| Bankruptcy | No bankruptcy of the franchisor. A director was president of a company that filed for Chapter 11 in February 2006 (later converted to Chapter 7); the case was closed in October 2015. |
Franchisors must disclose lawsuits and bankruptcies involving the company, its parents and affiliates, and its executives. Many cases are routine disputes with franchisees over fees or contracts; read the descriptions in the filing and ask current owners about anything that worries you.
Source: Fajita Pete's Franchising LLC, 2025 filing, litigation on page 11, bankruptcy on page 11
Fajita Pete's filings
A franchisor files a new disclosure each year it sells franchises. The figures on this page come from Fajita Pete's Franchising LLC’s 2025 filing, issued April 23, 2025; the earlier ones below are on record with the NASAA Electronic Filing Depository.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2025 filing | April 23, 2025 | NASAA depository | Costs, fees and locations, 2022–2024 |
| 2023 filing | May 1, 2023 | NASAA depository | Replaced by the 2025 filing |
Each link opens the filing as a PDF. See the newest filings across all brands.
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