Mr. Greek Restaurants

At a Glance

Products & Services: Greek & Mediterranean food

Number of Locations: 25

Total Investment: $400K - $750K

Founded: 1988

Began Franchising: 1993

Franchise Units

Year U.S. Canadian International Company Owned
2011 0 20 0 5
Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.
Direct Capital

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
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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