Moe's Southwest Grill
Franchising since 2000 · 73 locations
The total investment to open a Moe's Southwest Grill franchise ranges from $248,440 - $1.5M. The initial franchise fee is $30,500. Ongoing royalties are 5%. Moe's Southwest Grill currently operates 73 locations (73 franchised). The top SBA 7(a) lenders for Moe's Southwest Grill are The Huntington National Bank, Live Oak Banking Company and Sunshine State Economic Develo. PeerSense FPI health score: 49/100. Data sourced from the 2023 Franchise Disclosure Document.
$248,440 - $1.5M
$30,500
73
73 franchised
Proprietary PeerSense metric
FairActive capital sources verified for Moe's Southwest Grill financing
SBA
7(a) Eligible
21d
Avg Funding
P+2.25%
Best Rate
No retainers · Referral fee at closing
FPI Score Breakdown
Established (25-99 loans)
SBA Lending Performance
SBA Default Rate
8.9%
8 of 90 loans charged off
SBA Loans
90
Total Volume
$47.0M
Active Lenders
45
States
20
Top SBA Lenders for Moe's Southwest Grill
What is the Moe's Southwest Grill franchise?
For ambitious entrepreneurs navigating the complex landscape of franchise investment, the fundamental challenge lies in identifying a brand with a proven model, resilient market demand, and a clear trajectory for sustainable growth. The decision to commit substantial capital demands rigorous due diligence, weighing the potential for significant returns against inherent industry risks and the specific operational requirements of a chosen concept. Within this critical context, Moes Southwest Grill presents itself as a prominent American fast-casual restaurant franchise specializing in Tex-Mex cuisine, distinguished by its customizable menu and vibrant atmosphere, offering a compelling proposition for those seeking a robust Moes Southwest Grill franchise opportunity. The brand was initially conceived and launched in December 2000 in Atlanta, Georgia, under the visionary leadership of H. Martin Sprock III and the umbrella of Raving Brands, quickly establishing a distinctive identity rooted in its acronym "Musicians, Outlaws and Entertainers." This foundational ethos continues to inform the brand's unique culture and consumer appeal, differentiating it within the competitive fast-casual segment. As of October 2025, the Moes Southwest Grill network encompasses 591 total locations, a figure composed of 596 franchised units and 5 company-owned establishments, demonstrating a predominantly franchised growth model. This current footprint follows a dynamic expansion pattern, with earlier reports indicating over 700 Moes Southwest Grill restaurants across 40 states as of September 2023, and more recent data from March 30, 2025, and May 2025 pointing to approximately 580 locations. Despite these slight fluctuations, the brand consistently maintains a significant presence, reporting over 600 locations in the U.S. as of October 2024 and 596 U.S. units in 2024, alongside two established locations in Hawaii. This extensive domestic reach and consistent operational scale underscore its market position as a growing and influential player in the Tex-Mex fast-casual sector, appealing directly to franchise investors seeking a well-established brand with a defined market presence.
The broader limited-service restaurant sector, the category in which the Moes Southwest Grill franchise operates, continues to be a cornerstone of the American economy, driven by persistent consumer demand for convenience, value, and quality food options delivered efficiently. This industry is characterized by a robust total addressable market, benefiting from several secular tailwinds that fuel its ongoing expansion and make it an attractive domain for franchise investment. Key consumer trends, such as an increasing preference for customizable meal options, a heightened awareness of fresh ingredients, and the desire for quick, high-quality dining experiences, directly align with the Moes Southwest Grill model. Furthermore, societal shifts like busier lifestyles and the continued integration of digital ordering and delivery platforms are amplifying demand for fast-casual concepts that can seamlessly adapt to evolving consumer behaviors. The limited-service segment, including the Moes Southwest Grill franchise, also thrives on its ability to offer perceived value, allowing consumers to enjoy restaurant-quality food at a more accessible price point compared to full-service establishments. This industry attracts significant franchise investment due to its inherent resilience, scalable operational models, and the potential for strong brand recognition within a generally fragmented, yet intensely competitive, landscape. While numerous players vie for market share, brands with distinct identities, efficient service models, and strong corporate backing, such as Moes Southwest Grill under GoTo Foods, are well-positioned to capitalize on macro forces including economic shifts that favor cost-effective dining and technological advancements that streamline operations and enhance customer engagement, thereby creating substantial opportunity for growth.
An investment in a Moes Southwest Grill franchise requires a careful understanding of the financial commitments involved, beginning with the initial franchise fee. The stated franchise fee for a Moes Southwest Grill franchise is $30,500, a figure that falls squarely within the typical range for established fast-casual restaurant concepts, generally aligning with or slightly above the average for similar brands in the limited-service category. This fee is typically paid upfront upon the execution of the Franchise Agreement, granting the franchisee the rights to operate under the Moes Southwest Grill brand and benefit from its established system. The total initial investment required to launch a Moes Southwest Grill franchise exhibits a broad range, reflecting various factors such as location type, regional construction costs, and specific build-out requirements. According to the franchise data, this comprehensive investment spans from an initial low of $248,440 to a high of $1.46 million. Further detailed breakdowns from web research indicate ranges of $659,075 to $1,839,390, with other reports specifying $625,000 to $1,850,000 and $745,325 to $1,819,050, highlighting the variability. Key cost components contributing to this wide spread include construction and build-out expenses, which can range from $245,000 to $540,700 for inline and endcap locations, or significantly higher for freestanding units at $245,000 to $1,075,400. Additional substantial costs cover permitting, estimated between $2,300 and $17,500, an equipment package ranging from $168,000 to $256,400, millwork between $21,000 and $61,800, furniture from $15,000 to $30,100, and essential menu boards, graphics, and interior signage costing $7,500 to $10,100. Prospective franchisees must also meet specific liquidity and net worth requirements, with a liquid capital requirement of $150,000 and a net worth requirement of $1.00 million, positioning the Moes Southwest Grill franchise as a mid-tier to premium investment opportunity within the fast-casual segment, accessible to well-capitalized individuals or groups. Beyond the initial investment, ongoing fees include a royalty rate of 5% of gross sales, providing continuous access to the brand's intellectual property, operational support, and marketing initiatives. The Moes Southwest Grill brand benefits significantly from the backing of its parent company, GoTo Foods, which acquired Moe's in April 2007. GoTo Foods is a major developer of global food service brands, overseeing a formidable portfolio that includes Carvel, Cinnabon, McAlister's Deli, Auntie Anne's, Jamba, and Schlotzsky's, providing extensive corporate resources, supply chain efficiencies, and strategic guidance that enhance the overall value proposition of a Moes Southwest Grill franchise.
The operational blueprint for a Moes Southwest Grill franchise is designed to deliver a consistent, high-quality Tex-Mex experience within a fast-casual setting, emphasizing customization and a vibrant customer interaction. Franchisees can expect daily operations to involve meticulous food preparation using fresh ingredients, efficient order fulfillment for a diverse menu of burritos, bowls, tacos, and quesadillas, and maintaining the brand's signature lively atmosphere that is a core part of the Moes Southwest Grill appeal. The staffing requirements typically involve a dedicated team encompassing kitchen staff for food prep, counter staff for customer service and order assembly, and management to oversee daily operations, ensuring a smooth and engaging customer experience. While specific format options like drive-thru, inline, or non-traditional were not explicitly detailed beyond the investment cost breakdowns for inline, endcap, and freestanding units, the varying construction costs suggest flexibility in real estate selection, allowing franchisees to adapt to different market opportunities. A comprehensive training program is a cornerstone of the support provided by the franchisor, designed to equip new franchisees and their management teams with the necessary skills in operations, marketing, and customer service, although the duration and specific hands-on hours were not explicitly detailed. Beyond initial training, franchisees receive robust ongoing corporate support, including access to field consultants who provide guidance on operational best practices, advanced technology platforms for point-of-sale and inventory management, and strategic marketing programs developed by the GoTo Foods corporate team to drive brand awareness and customer traffic for the Moes Southwest Grill brand. The appointment of Mike Smith as Chief Brand Officer for Moes Southwest Grill in October 2024 further underscores a commitment to strong brand leadership and strategic direction. Territory structure and exclusivity are fundamental to protecting franchisee investments, and while specific details were not provided, standard franchise agreements typically delineate protected territories to prevent intra-brand competition. The significant franchise development pipeline, with more than 120 signed agreements, and future plans to build density in existing markets while expanding into 21 emerging markets, strongly implies an expectation for multi-unit development, signaling that the ideal candidate may often be an experienced operator looking to scale. While an owner-operator model is common for a single unit, multi-unit franchisees often employ a management structure to oversee multiple Moes Southwest Grill locations effectively.
In evaluating the financial performance of a Moes Southwest Grill franchise, it is important to note that Item 19 financial performance data is not disclosed in the current Franchise Disclosure Document. This means specific figures such as average unit revenue, median revenue, or profit margins are not publicly provided by the franchisor. In the absence of Item 19 disclosure, prospective investors must rely on other indicators of unit-level viability and overall brand health. The consistent growth trajectory of Moes Southwest Grill serves as a significant positive signal, with the brand marking four consecutive years of expansion leading up to its 25th anniversary in 2025. This sustained growth, even amidst varying economic conditions, suggests that individual Moes Southwest Grill units are performing at a level that attracts continued investment and expansion from franchisees. Furthermore, the brand's active development pipeline, with over 120 signed agreements currently in various stages of development, indicates strong franchisee confidence in the Moes Southwest Grill business model and its potential for profitability. Over the past year leading up to May 2025, Moes Southwest Grill successfully opened 15 new locations nationwide, reflecting an ongoing commitment to physical expansion and market penetration. The backing by GoTo Foods, a major global food service developer, provides a substantial corporate foundation, implying access to resources, strategic insights, and operational efficiencies that can contribute to strong unit economics for Moes Southwest Grill franchisees. While specific revenue figures are not published, the continued investment by new and existing franchisees, coupled with the brand's strategic expansion plans into 21 emerging markets and efforts to build density in existing territories, suggests that unit-level performance is sufficiently compelling to drive this growth. Industry benchmarks for the fast-casual Tex-Mex segment typically show strong revenue generation, and Moes Southwest Grill's established brand recognition and customizable menu offerings would position it favorably within this competitive landscape, attracting a consistent customer base that supports robust sales volumes.
The growth trajectory of Moes Southwest Grill has been characterized by consistent expansion over recent years, although unit counts have shown some dynamic adjustments across various reports, reflecting a healthy and active franchise system. The brand proudly marks four consecutive years of growth leading up to its anticipated 25th anniversary in 2025, a testament to its enduring appeal and effective operational strategies. While data points vary, indicating over 700 Moes Southwest Grill locations across 40 states as of September 2023, followed by approximately 580 locations in March and May 2025, over 600 locations in the U.S. as of October 2024, and a specific count of 596 U.S. units in 2024, the latest October 2025 data confirms 591 total Moes Southwest Grill locations, comprising 596 franchised units and 5 company-owned establishments. This indicates a robust, albeit fluctuating, net growth with continued development. Over the past year leading up to May 2025, the brand added 15 new locations nationwide, further illustrating its active expansion. Corporate developments have significantly shaped the brand's trajectory, most notably its acquisition by Focus Brands, now GoTo Foods, in April 2007. This strategic integration brought Moes Southwest Grill into a formidable portfolio of global food service brands, providing unparalleled resources and strategic oversight. The appointment of Mike Smith as Chief Brand Officer in October 2024 signals a renewed focus on brand leadership and innovation. A significant competitive advantage for Moes Southwest Grill lies in its strong brand recognition, its vibrant atmosphere, and its highly customizable menu, which resonates deeply with consumer preferences for personalized dining experiences. Furthermore, the backing of GoTo Foods provides a substantial competitive moat through scaled supply chain capabilities, sophisticated marketing programs, and access to advanced technology platforms. The brand is actively adapting to current market conditions through strategic expansion, planning to build density in existing markets and penetrate 21 emerging markets domestically. Internationally, GoTo Foods is launching an entirely new concept, Moe's Casa Mexicana, designed with a distinct Mexican identity. This new venture is set to debut in India with a development agreement for 45 planned locations through Unify Foodworks, with the first restaurant expected in New Delhi in 2025 and others potentially by 2033, featuring localized menu options such as paneer and margaritas, showcasing a forward-thinking approach to global market adaptation. This robust growth, strategic corporate backing, and innovative international expansion highlight the brand's dynamic competitive advantages.
The ideal candidate for a Moes Southwest Grill franchise is typically an experienced business professional or an established multi-unit operator who possesses not only the requisite financial capital but also a keen understanding of the restaurant industry, particularly the fast-casual segment. Prospective franchisees must meet the liquid capital requirement of $150,000 and demonstrate a net worth of $1.00 million, indicating a need for substantial financial stability and capacity for investment. While direct experience in Tex-Mex cuisine is not strictly mandated, a strong management background, proven leadership skills, and an entrepreneurial spirit are highly valued. Given the robust franchise development pipeline of over 120 signed agreements and the strategic objective to build density in existing markets while expanding into 21 emerging markets, there is a clear expectation for multi-unit ownership or a commitment to developing multiple Moes Southwest Grill locations. This approach allows franchisees to leverage operational efficiencies and market penetration more effectively. Available territories are diverse, with a strategic focus on expanding the national footprint into these emerging markets and strengthening presence in established areas, offering opportunities across various geographic regions. The markets that typically perform best are those with high foot traffic, strong demographics aligned with the fast-casual consumer base, and communities that appreciate the customizable menu and vibrant atmosphere that define Moes Southwest Grill. The timeline from signing a franchise agreement to the grand opening of a Moes Southwest Grill location can vary significantly based on site selection, permitting, construction, and training, but generally ranges from several months to over a year for a new build-out. While the specific term length for the franchise agreement was not provided, standard industry practice dictates multi-year terms with renewal options, subject to performance and adherence to brand standards. Considerations for transfer and resale are typically outlined within the franchise agreement, providing a framework for franchisees looking to exit or transition their ownership.
For discerning investors seeking a compelling franchise opportunity within the thriving limited-service restaurant sector, the Moes Southwest Grill franchise warrants serious due diligence. This brand offers a well-established presence, a customizable menu that resonates with contemporary consumer tastes, and the formidable backing of GoTo Foods, a global powerhouse in the food service industry. The consistent growth trajectory, including four consecutive years of expansion and a robust development pipeline of over 120 signed agreements, underscores the brand's enduring market appeal and the confidence of its franchisees. While Item 19 financial performance data is not disclosed, the strategic domestic expansion into 21 emerging markets and the innovative international launch of Moe's Casa Mexicana in India signal a dynamic and forward-thinking organization. The initial investment range of $248,440 to $1.46 million, coupled with liquid capital requirements of $150,000 and a net worth of $1.00 million, positions Moes Southwest Grill as a significant but accessible venture for qualified entrepreneurs. This opportunity is framed within a broader industry context that favors fast-casual concepts, particularly those with strong brand recognition and operational support. 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 Moes Southwest Grill franchise profile on PeerSense to access the full suite of independent franchise intelligence data.
FPI Score
49/100
SBA Default Rate
8.9%
Active Lenders
45
Key Highlights
Franchise Financing Resources
Data Insights
Key performance metrics for Moe's Southwest Grill based on SBA lending data
SBA Default Rate
8.9%
8 of 90 loans charged off
SBA Loan Volume
90 loans
Across 45 lenders
Lender Diversity
45 lenders
Avg 2.0 loans per lender
Investment Tier
Premium investment
$248,440 – $1,461,400 total
Moe's Southwest Grill — 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
2016
17 approvals — best year on record for Moe's Southwest Grill.
Top SBA State
Georgia
15 SBA-financed Moe's Southwest Grill locations — the densest operator footprint.
Average Loan Size
$523K
Median $368K — use as a sizing anchor when modeling your own $Moe's Southwest Grill unit.
Lender Concentration
17.8%
Highly Diversified
Share of Moe's Southwest Grill approvals captured by the top 3 SBA lenders.
Moe's Southwest Grill's SBA lending pipeline peaked in 2016 (17 approvals). The last five fiscal years account for 17% of cumulative volume ($15M approved). Operator density is highest in Georgia with 15 SBA-financed locations. Average funded ticket sits at $523K, with the median at $368K. Lender mix is highly diversified: the top three SBA lenders account for 17.8% of approvals — borrowers have leverage to shop multiple credit boxes.
Payment Estimator
Estimated Monthly Payment
$2,572
Principal & Interest only
Locations
Moe's Southwest Grill — unit breakdown
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