The Great Greek is a fast casual restaurant specializing in Greek and Mediterranean cuisine. The franchise features traditional dishes under The Great Greek Mediterranean Grill brand.
Key Insights
- The Great Greek has a long-standing heritage rooted in authentic Mediterranean flavors, evolving from its humble beginnings to become a recognized name in fast-casual dining, built on a foundation of quality ingredients and a commitment to traditional recipes.
- The business operates on a streamlined, efficient model focused on offering a customizable menu of gyros, salads, and platters, designed for quick preparation and service to meet the demands of a busy clientele seeking convenient and flavorful meals.
- The franchise operates within the burgeoning Mediterranean food sector, an industry experiencing consistent growth driven by consumer interest in healthy, flavorful, and globally inspired cuisine.
Franchise Fee and Costs to Open
Exploring the financial picture of The Great Greek gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $526,670 - $1,188,420, along with a franchise fee of $35,550 - $39,500.
Financial Performance and Revenue
Yearly gross sales of $1,453,418 and estimated earnings of $174,411 - $218,013 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 4.9-6.9 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
The Great Greek provides comprehensive initial training for new franchisees, covering all aspects of restaurant operation. This intensive program, lasting two weeks, is held at The Great Greek's headquarters. Franchisees receive detailed operational manuals and ongoing support. The franchisor offers a robust resource library, including marketing materials and best practices for menu execution.
Legal Considerations
Legal considerations for a The Great Greek franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
Operating a restaurant franchise like The Great Greek involves navigating a dynamic local market, where understanding consumer preferences and existing dining options is key. The day-to-day operations require consistent execution of established procedures, from food preparation to customer service. Furthermore, maintaining the quality and availability of essential ingredients depends on reliable supply chain partners.
Franchise Datasheet
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