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The Greene Turtle Sports Bar and Grille

2014 Franchise 500
#412
At a Glance

Products & Services: Sports-theme restaurant and bar

Number of Locations: 36

Total Investment: $1.5M - $2.7M

Founded: 1976

Began Franchising: 2003

About The Greene Turtle Sports Bar and Grille

The first Greene Turtle location opened in Ocean City, Maryland, in 1976. Now headquartered in Edgewater, Maryland, the company began franchising the family sports bar and casual dining concept in 2003, and is expanding primarily in the mid-Atlantic region.

Franchise Units

Year U.S. Canadian International Company Owned
2013 23 0 0 13
2012 21 0 0 13
2011 18 0 0 10
2010 14 0 0 11
Where Seeking Franchisees: Franchisor is seeking new franchise units in the following states:
Midwest, Northeast, South, Southeast, Southwest, West.

Startup Costs, Ongoing Fees and Financing

Total Investment: $1,455,000 - $2,687,500
Franchise Fee: $45,000
Ongoing Royalty Fee: 4%
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $1,500,000
Liquid Cash Available: $400,000
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

Franchise Ranking History

Franchise 500®: #412 (2014), #367 (2013), #364 (2012), #339 (2011), #465 (2010),

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