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DosBros

DosBros

Franchising since 2015 · 2 locations

The total investment to open a DosBros franchise ranges from $400,000 - $850,000. The initial franchise fee is $35,000. Ongoing royalties are 5% plus a 1% advertising fee. DosBros currently operates 2 locations (2 franchised). The top SBA 7(a) lenders for DosBros are Millennium Bank. PeerSense FPI health score: 50/100.

Investment

$400,000 - $850,000

Franchise Fee

$35,000

Total Units

2

2 franchised

FPI Score
Low
50

Proprietary PeerSense metric

Moderate
Capital Partners
1lenders available

Active capital sources verified for DosBros financing

SBA

7(a) Eligible

21d

Avg Funding

P+2.25%

Best Rate

No retainers · Referral fee at closing

FPI Score Breakdown

New/Niche (1-2 loans)

Limited Data
50out of 100
Moderate

SBA Lending Performance

SBA Default Rate

0.0%

0 of 2 loans charged off

SBA Loans

2

Total Volume

$1.0M

Active Lenders

1

States

2

Top SBA Lenders for DosBros

What is the DosBros franchise?

Entrepreneurs navigating the dynamic food service industry often grapple with the challenge of identifying a franchise opportunity that combines market demand with a proven operational model, a critical decision given the substantial capital investment and long-term commitment involved. The fast-casual Tex-Mex segment, a vibrant and growing niche, presents significant potential, yet discerning the truly high-growth, well-supported concepts from the merely aspirational requires rigorous independent analysis. DosBros Fresh Mexican Grill, founded in 2015 by Kush Shah and Milan Patel, emerged from its inaugural restaurant in Cleveland, Tennessee, with a clear vision: to deliver fresh, made-from-scratch meals within a lively, family-friendly atmosphere, directly addressing the modern consumer's desire for quality and experience. This brand has since demonstrated a remarkable growth trajectory, with co-founder Kush Shah overseeing its expansion to over 30 outlets across the United States, contributing to a brand valuation exceeding $35 million. While specific unit counts vary across reporting, with some sources indicating 10 or 16 total U.S. locations, the consistent narrative is one of aggressive expansion since DosBros began franchising in 2019, extending its footprint into international markets including India, where Manish Bhagchandani leads its growth with multiple locations in Ahmedabad and planned openings in Baroda and Surat, as well as upcoming ventures in Canada, the UAE, and Australia. The brand's consistent inclusion in the 'Top 100 Growing QSR Chains in the USA' for two consecutive years firmly establishes its market position as a rapidly ascending force within the fast-casual landscape, making the DosBros franchise a compelling subject for investors seeking a robust entry point into a high-demand sector.

The fast-casual restaurant industry, where DosBros Fresh Mexican Grill strategically operates, represents a powerful and expanding segment of the broader food service market. In 2018 alone, this sector generated an impressive $42.2 billion in total U.S. sales, marking an 8% increase from the prior year and significantly outpacing other industry sectors by contributing over 1,200 of the 1,569 additional restaurants added by the top 500 chains. Looking at the wider landscape, the Full Service Restaurant Market was estimated at a substantial $14.72 billion USD in 2024 and is projected to achieve a robust growth from $15.33 billion USD in 2025 to $23.12 billion USD by 2035, demonstrating a compelling Compound Annual Growth Rate (CAGR) of 4.19% over this decade. Globally, this market is projected to reach $1.59 trillion in 2025 and an even more expansive $2.05 trillion by 2035, growing at a CAGR of 2.6%, with the U.S. segment specifically anticipated to grow at a CAGR of 3.5% during 2025 to 2035. This sustained expansion is fueled by several secular tailwinds and key consumer trends, notably the increasing demand for healthy options, as Americans prioritize nutrition, contributing to a healthy food business estimated at approximately $1 trillion. DosBros directly addresses this by emphasizing wholesome, made-from-scratch foods, meats with no additional hormones, daily cooked whole beans, fire-roasted peppers, and cooking with rice bran oil, alongside diverse vegan, vegetarian, and gluten-free choices. Furthermore, the enduring American appreciation for Mexican food and Tex-Mex, combined with a growing desire for experiential dining and convenient, technology-integrated solutions like automated ordering and contactless payments, positions the DosBros franchise to capitalize on these macro forces, creating a significant opportunity within a competitive yet highly receptive market.

Embarking on a DosBros franchise investment requires a clear understanding of the financial commitments involved, beginning with the initial franchise fee. While one source indicates an initial franchise fee of $35,000, another references $30,000, illustrating a range that positions DosBros as an accessible investment within the fast-casual sector. This initial fee is further sweetened by a 10% discount offered to veterans, underscoring a commitment to supporting military personnel transitioning into entrepreneurship. The total initial investment to establish a DosBros franchise typically spans between $374,100 and $814,375, though another report suggests a range of $400,000 to $850,000. This variance in the total investment range is typically influenced by factors such as real estate costs, the size and condition of the leased or purchased property, local construction expenses, and the specific build-out requirements for each location, including equipment, signage, and initial inventory. To meet these investment requirements, a minimum liquid capital of $95,000 is necessary, categorizing the DosBros franchise as a mid-tier investment, suitable for entrepreneurs with substantial but not exceptionally high capital reserves. Regarding ongoing fees, the specific royalty rate and advertising fund fees for the U.S. franchise model are not explicitly detailed in the provided research. However, for DosBros India, a revenue sharing model is outlined, with approximately 95% of revenue allocated to the franchisee and 5% to the franchisor, alongside an infrastructure investment of Rs.15 Lakhs to Rs.20 Lakhs. While a single overarching CEO for the global brand or a specific parent company is not explicitly mentioned, the leadership structure includes co-founders Kush Shah and Milan Patel for DosBros USA, with Manish Bhagchandani leading DosBros India, and Divine Brands Pvt. Ltd. holding exclusive International Brand & Master Franchisee Rights for DosBros in India. This multi-faceted leadership and regional master franchisee model provides a distributed yet coordinated corporate backing for the DosBros franchise system.

The operational framework for a DosBros franchise is designed to ensure consistency and brand integrity while empowering franchisees with comprehensive support. Franchisees are primarily responsible for the day-to-day coordination of business operations, including the crucial tasks of hiring and training staff, ensuring a skilled and customer-focused team. The brand emphasizes an owner-operator model, explicitly stating that absentee ownership is not permitted, and the franchise cannot be run from a home or mobile unit. This necessitates the owner's active involvement in all facets of daily operations, ensuring hands-on management and adherence to brand standards, a common requirement for fast-casual concepts focused on quality and customer experience. DosBros provides an extensive training program for new franchisees, an initial program that spans two weeks and is conducted at the corporate headquarters. This hands-on experience is critical, covering all essential operational procedures and brand standards to prepare franchisees for a successful launch. Beyond initial training, the corporate team offers a robust suite of ongoing support, encompassing pre-opening assistance, brand awareness initiatives, marketing guidance, research insights, and construction support. Franchisees benefit from continued hands-on training and operational support even after their location has opened, ensuring sustained performance. Strategic partnerships are also established by DosBros to facilitate volume buying, enabling franchisees to secure top-quality inventory at affordable prices, a significant competitive advantage. For territory development, franchisees receive guidance on site selection and evaluation, aimed at identifying high-traffic locations with strong market potential and visibility in urban or suburban areas, supported by demographic research provided by DosBros, though specific territory exclusivity details are not provided.

Item 19 financial performance data, which provides crucial insights into unit-level economics, is not disclosed in the current Franchise Disclosure Document for the DosBros franchise. This means that specific figures for average revenue per unit, median revenue, or profit margins are not publicly available through the FDD. In the absence of direct Item 19 disclosure, prospective investors must rely on other indicators of financial viability and growth potential, drawing insights from industry benchmarks and the brand's overall trajectory. The fast-casual sector, for instance, generated $42.2 billion in total U.S. sales in 2018, demonstrating an 8% increase from the previous year, highlighting the robust market environment in which DosBros operates. The broader Full Service Restaurant Market is projected to experience significant expansion, growing from $15.33 billion USD in 2025 to $23.12 billion USD by 2035, at a Compound Annual Growth Rate of 4.19%. These market growth rates suggest a favorable operating environment for well-positioned concepts like DosBros. The brand's consistent recognition, having been featured in the 'Top 100 Growing QSR Chains in the USA' for two consecutive years, coupled with a reported brand valuation exceeding $35 million, serves as a strong qualitative indicator of market acceptance and financial health. Furthermore, the aggressive domestic and international expansion plans, including a growing presence in India with multiple existing and planned locations, and upcoming ventures in Canada, the UAE, and Australia, signal confidence in the unit-level profitability and scalability of the DosBros franchise model. The emphasis on fresh, made-from-scratch meals, alignment with consumer demand for healthy options, and a family-friendly atmosphere are fundamental drivers that, while not quantifiable in terms of specific revenue, are known to foster strong customer loyalty and repeat business, which are critical for sustained unit-level performance in the competitive restaurant industry. However, it is important to note that the profitability of any individual DosBros location is highly variable, contingent on factors such as operational effectiveness, the franchisee's management skills, specific local market conditions, and financing terms, with no guarantees or projections of profitability or earnings being made by the franchisor.

The growth trajectory of DosBros Fresh Mexican Grill since its founding in 2015 and subsequent franchising launch in 2019 underscores a brand committed to aggressive expansion and market penetration. While specific unit counts vary across reports, ranging from 10 or 16 U.S. locations to co-founder Kush Shah's statement of over 30 outlets gracing the United States, the consistent inclusion in the 'Top 100 Growing QSR Chains in the USA' for two consecutive years unequivocally signals robust year-over-year growth in net new units. Recent corporate developments highlight this momentum, with the announcement in February 2024 of a second Canadian location opening in Vancouver, building on its successful debut in Abbotsford. Domestically, June 2024 saw the announcement of a new DosBros location in Springfield, Tennessee, to be owned and operated by franchisee Meet Patel, further solidifying its U.S. footprint. Beyond North America, the brand has ambitious international expansion plans, targeting the UAE and Australia, complementing its already growing presence in India, which includes three stores in Ahmedabad and planned openings in Baroda (August 2024, July 2025) and Surat (June 2025). This multi-continent expansion strategy creates a significant competitive moat, leveraging brand recognition and market share across diverse demographics. The brand's core competitive advantage lies in its unwavering commitment to product differentiation: emphasizing fresh, made-from-scratch meals, meats with no additional hormones, daily cooked whole beans, made-from-scratch salsa, fire-roasted peppers, and cooking with rice bran oil. This focus on quality and wholesomeness, combined with diverse menu options including vegan, vegetarian, and gluten-free choices, directly addresses contemporary consumer demands for healthier, transparent dining experiences. The established operational framework, which prioritizes efficiency, quality control, and customer satisfaction, along with strategic partnerships for volume buying of top-quality inventory, further fortifies the DosBros franchise's position against competitors, allowing it to adapt effectively to evolving market conditions and integrate seamlessly with consumer trends towards digital transformation and delivery services, though specific details on these integrations were not provided.

The ideal candidate for a DosBros franchise is an individual possessing a strong entrepreneurial spirit and a commitment to hands-on operational management. While restaurant experience is not explicitly required, some business experience is beneficial, indicating that the franchisor values general management acumen and a foundational understanding of business principles. Crucially, the DosBros model mandates active owner involvement, precluding absentee ownership or the operation of the business from a home or mobile unit, thus requiring the franchisee to be deeply engaged in all aspects of day-to-day operations. This profile suggests that successful franchisees are likely to be dedicated owner-operators who thrive on direct engagement with their business, staff, and customer base. Regarding territory, DosBros is actively seeking to expand its reach throughout the United States, offering opportunities in various markets. Franchisees are guided to select locations with robust market potential, prioritizing high foot traffic and visibility in urban or suburban areas, aligning with the brand's site selection guidance and demographic research. This strategic approach ensures that new DosBros locations are established in environments conducive to maximizing customer reach and profitability. The brand's international expansion into Canada, the UAE, Australia, and its growing presence in India, also points to opportunities for multi-unit development for qualified operators seeking to grow with the brand beyond a single location. While the specific timeline from signing a franchise agreement to opening a DosBros location, the exact franchise agreement term length, and detailed renewal or transfer considerations are not explicitly detailed, the comprehensive support system suggests a structured process to guide franchisees efficiently through the development and launch phases.

The DosBros Fresh Mexican Grill franchise presents a compelling investment thesis within the rapidly expanding fast-casual Tex-Mex sector, a market segment that saw an impressive 8% increase in U.S. sales in 2018 and is projected for continued robust growth, with the broader Full Service Restaurant Market expanding at a CAGR of 4.19% through 2035. The brand's foundational commitment to fresh, made-from-scratch ingredients, coupled with its vibrant, family-friendly atmosphere, strategically aligns it with critical consumer trends, including the demand for healthy dining options and experiential eating. With a brand valuation exceeding $35 million and consistent recognition in the 'Top 100 Growing QSR Chains in the USA' for two consecutive years, DosBros offers a proven business model and an extensive support system for entrepreneurs. The accessible liquid capital requirement of $95,000, combined with comprehensive training and ongoing operational assistance, positions the DosBros franchise as a strategic opportunity for hands-on owner-operators. Its aggressive domestic and international expansion across the U.S., Canada, UAE, Australia, and India further underscores its growth potential and market confidence, making the DosBros franchise a significant player in the global food service landscape. PeerSense provides exclusive due diligence data including SBA lending history, FPI score, location maps with Google ratings, FDD financial data, and side-by-side comparison tools. Explore the complete Dosbros franchise profile on PeerSense to access the full suite of independent franchise intelligence data.

FPI Score

50/100

SBA Default Rate

0.0%

Active Lenders

1

Key Highlights

Low SBA default rate (0.0%)

Data Insights

Key performance metrics for DosBros based on SBA lending data

SBA Default Rate

0.0%

0 of 2 loans charged off

SBA Loan Volume

2 loans

Across 1 lenders

Lender Diversity

1 lenders

Avg 2.0 loans per lender

Investment Tier

Significant investment

$400,000 – $850,000 total

DosBros — Deep SBA Data

Brand-specific metrics derived directly from SBA 7(a) approval records — peak lending year, leading state, average loan size, and lender concentration. PeerSense computes these per brand so capital advisors and prospective franchisees can benchmark this opportunity against the rest of the franchise universe.

Peak SBA Year

2025

1 approvals — best year on record for DosBros.

Top SBA State

Illinois

1 SBA-financed DosBros locations — the densest operator footprint.

Average Loan Size

$500K

Median $500K — use as a sizing anchor when modeling your own $DosBros unit.

Lender Concentration

100%

Concentrated

Share of DosBros approvals captured by the top 3 SBA lenders.

DosBros's SBA lending pipeline peaked in 2025 (1 approvals). The last five fiscal years account for 100% of cumulative volume ($1.0M approved). Operator density is highest in Illinois with 1 SBA-financed locations. Average funded ticket sits at $500K, with the median at $500K. Lender mix is concentrated: the top three SBA lenders account for 100% of approvals — credit decisions concentrate with a small group of incumbents.

Payment Estimator

Loan Amount$320K
Interest Rate9.5%
Term (Years)10 yr

Estimated Monthly Payment

$4,141

Principal & Interest only

Locations

DosBrosunit breakdown

Total Units
N/A
Franchisee Owned
System Owned
Closed

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