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Taste of Mediterranean

2015 Franchise 500
#407
At a Glance

Products & Services: Greek and Middle Eastern food

Number of Locations: 15

Total Investment: $98.8K - $281.4K

Founded: 2004

Began Franchising: 2007

About Taste of Mediterranean

Sam Hussein opened the first Taste of Mediterranean in Toronto in 2004, and began franchising in 2007. The quick-service restaurants offer Greek and Middle-Eastern food, including gyros, falafel, shawarma, pita sandwiches and salads.

Franchise Units

Year U.S. Canadian International Company Owned
2014 2 13 0 0
2013 1 13 0 0
2012 0 10 0 0
2011 0 8 0 0
Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $98,800 - $281,400
Franchise Fee: $20,000
Ongoing Royalty Fee: $1K/mo.
Term of Franchise Agreement: 5 years, renewable
Veteran Incentives: 50% off franchise fee
Financial Requirements
Net Worth: $250,000
Liquid Cash Available: $100,000
Operations
Number of employees needed to run franchised unit: 5. Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators).
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 2-3 weeks. At franchisee's location: 3 days at opening.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives, Lease Negotiation
Marketing Support: National media,

Franchise Ranking History

Franchise 500®: #407 (2015), #437 (2014),