Expedia Cruises
The total investment to open a Expedia Cruises franchise ranges from $149,500 to $258,745. The initial franchise fee is $49,000. Ongoing royalties are 9% plus a 4% advertising fee.
What is the Expedia Cruises franchise?
This franchise entered the fast casual dining sector in August 1990, when Jim and Linda Magglos founded it in Newbury Park, California. The concept focused on high quality ingredients in a limited service format, with fresh proteins and a self serve salsa bar featuring authentic recipes. Its Live Fresh philosophy has supported a menu of fresh, customizable meals for health conscious customers. The brand has continued through ownership changes and shifting market conditions. Its headquarters moved from Thousand Oaks to Cypress, California in 2009, then to Scottsdale, Arizona in 2016, where it has remained. More than three decades of operations and changes in ownership, including acquisitions and divestitures, have shaped the business and its position in the food service industry. These facts may be relevant to a prospective Expedia Cruises franchise investor evaluating the model.
Fast casual Mexican dining benefits from consumer demand for meals viewed as healthier, fresher, and more customizable than traditional fast food. Customers increasingly seek nutritious food without giving up flavor or convenience. Fresh prepared, made to order meals also accommodate individual tastes and dietary preferences. Demographic changes and demand for dining between fast food and full service restaurants support this segment. Separate research referenced the Gasoline Stations with Convenience Stores industry, which has an approximate global total addressable market of $656 billion and an estimated compound annual growth rate of 3.2%. In the United States, that segment was valued at $522.3 billion in 2025 and had a 0.6% compound annual growth rate from 2021 to 2026. The global gasoline stations market grew from $2.7 trillion in 2025 to $2.8 trillion in 2026 and is projected to reach $3.35 trillion by 2030 at a 4.6% compound annual growth rate. Increased vehicle use, convenience shopping, and technology are cited as drivers. This information concerns a different industry but indicates activity in consumer facing businesses.
The initial franchise fee is generally $30,000, although some sources report $50,000. Veterans may receive a 20% reduction in that fee. Reported total initial investment ranges include $322,310 to $974,290, $428,560 to $1,012,290, $225,000 to $1,012,000, $310,310 to $1,071,190, and $320,560 to $1,112,640. A Traditional Baja Fresh® Restaurant is reported at $428,560 to $1,012,290, while a Single Baja Fresh® Non Traditional Restaurant, such as one in an airport or university, is reported at $224,950 to $777,200. Costs may include equipment, leasehold improvements and buildout, signs, opening inventory, and working capital. Ongoing charges include a 5% royalty on gross sales, generally collected weekly, with general ongoing fees reported at 4% to 8% of gross sales. A 4% brand fund contribution supports advertising and marketing. Applicants must show at least $250,000 in liquid capital, although some sources cite $400,000 to $500,000, and a net worth of $500,000. Third party financing options are available to qualified candidates. PeerSense can introduce franchise buyers to SBA and conventional lenders, but PeerSense is not a lender.
Training totals 280 hours, including 40 hours of classroom instruction and 240 hours of hands on training in a restaurant setting. The program covers brand standards, operating procedures, customer service, food preparation, and daily management. Franchisees receive continuing assistance with marketing, purchasing, and staffing, along with ongoing training on industry practices and brand updates. Kahala Brands, the parent company operating under MTY Food Group, provides additional support and resources. The franchise does not provide territory protection. The franchisor may open corporate locations or award additional franchises within an existing franchisee’s area, which may affect competition and market saturation. This policy should be reviewed when assessing an Expedia Cruises franchise opportunity.
It also provides a Loan Activity Score of 25, an independent measure that generally reflects franchisee satisfaction and other qualitative elements of franchise system health.
Loan Activity Score
25/100
SBA Default Rate
28.6%
Active Lenders
5
According to its Franchise Disclosure Document or public business records, Expedia Cruises has 7 locations, all owned by franchisees. Public SBA loan records show 5 lenders made 7 loans to franchisees of Expedia Cruises. PeerSense calculates Expedia Cruises's score as 25 out of 100, using public SBA loan performance and recent lending activity. Cost figures are based on the 2025 Franchise Disclosure Document. To correct a figure, email the current FDD and the differing item numbers to info@peersense.com, and this page will be updated.
Franchising since 2016 · 7 locations
$149,500 to $258,745
$49,000
7
7 franchised
Proprietary PeerSense metric
LimitedDistinct lenders in public SBA records for Expedia Cruises
7
Total SBA loans
$132K
Average loan size
Source: public SBA 7(a) and 504 loan records through December 31, 2025
Referral fee at closing
SBA Lending Activity for Expedia Cruises
Loan Activity Score Breakdown
Emerging (3 to 9 loans)
Are lenders increasingly or decreasingly funding this brand? Growing trends score highest.
Blended default rate (recent + all time) compared to NAICS sector peers.
Quality lenders actively backing this brand, with penalty for lender pullback.
FDD availability, Item 19 disclosure, and overall data completeness.
Geographic spread of SBA funded locations across states.
SBA Lending Performance
SBA Default Rate
28.6%
vs 7.6% peer avg
SBA Loans
7
Total Volume
$0.9M
Active Lenders
5
1 selective
States
4
vs. SBA Sector Average
SBA loan default rate vs. all franchises in the same NAICS sector, not limited to direct competitors
Key Highlights
Franchise Financing Resources
Data Insights
Key performance metrics for Expedia Cruises based on SBA lending data
SBA Default Rate
28.6%
21.0% above peer avg
SBA Loan Volume
7 loans
Across 5 lenders
Lender Diversity
5 lenders
Avg 1.4 loans per lender
Investment Tier
Mid range investment
$149,500 to $258,745 total
Expedia Cruises: 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
2017
6 approvals. The best year on record for Expedia Cruises.
Top SBA State
Texas
4 SBA financed Expedia Cruises locations, the densest operator footprint.
Average Loan Size
$128K
Median $150K. Use as a sizing anchor when modeling your own Expedia Cruises unit.
Lender Concentration
68.8%
Concentrated
Share of Expedia Cruises approvals captured by the top 3 SBA lenders.
Expedia Cruises's SBA lending pipeline peaked in 2017 (6 approvals). The last five fiscal years account for 14% of cumulative volume ($30K approved). Operator density is highest in Texas with 4 SBA financed locations. Average funded ticket sits at $128K, with the median at $150K. Lender mix is concentrated: the top three SBA lenders account for 68.8% of approvals. Credit decisions concentrate with a small group of incumbents.
Payment Estimator
Estimated Monthly Payment
$1,548
Principal & Interest only
Indicative only, as of October 1, 2026. Not a quote, commitment or offer of credit. Final pricing, leverage and terms are determined by the lender at underwriting, after full transaction materials are reviewed. PeerSense sources the file. The lender sets pricing. What these terms mean.
Locations
Expedia Cruises, unit breakdown
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Page Review
Reviewed by Edward L. Freeman, Founder and Managing Director, PeerSense
- PeerSense is a capital advisory firm that places commercial financing with direct capital sources; the capital source sets final terms.
- Edward L. Freeman founded PeerSense in January 2020.
- He is a Registered Franchise Consultant with Business Alliance, Inc., a credential issued in March 2022, and worked as a franchise consultant there from March 2022 to May 2023.
- His recorded experience includes a $22 million SBA construction loan, with about $16 million funded on the deal.
- In the 12 months through September 30, 2026, PeerSense tracked 912 publicly announced financings with a disclosed size of $361.32 billion. PeerSense Capital Data Report · Methodology page
Last reviewed LinkedIn profileAbout Edward Freeman