Mr. Greek Restaurants
At a Glance
Products & Services: Greek & Mediterranean food
Number of Locations: 25
Total Investment: $400K - 750K
Founded: 1988
Began Franchising: 1993
Private Owned
Franchise Units
| Year | U.S. | Canadian | International | Company Owned |
| 2011 | 0 | 20 | 0 | 5 |
| 2008 | 1 | 30 | 0 | 0 |
Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.
Startup Costs, Ongoing Fees and Financing
Total Investment: $400,000 - $750,000
Franchise Fee: $35,000 - $50,000
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 10 years, renewable
Franchise Fee: $35,000 - $50,000
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $500,000
Liquid Cash Available: $250,000
Operations
30% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 15 - 30. Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators).How This Franchise Supports Franchisees
Training: Available at headquarters: 2 weeks. At franchisee's location: 2 weeks.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives,
Marketing Support: Co-op advertising, Ad slicks, National media, Regional advertising,
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