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Santorini Island Grill

Greek restaurant

Background

Founded: 1999 Franchising since: 2006
10545 Scripps Poway Pkwy., #D
San Diego, California 92131
Phone:
(858)675-7455


Franchisor is a privately-held company with 14 employee(s); 6 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2009 0 0 0 4
2008 -- -- -- --
2007 0 0 0 4
2006 0 0 0 2
2005 N/A N/A N/A 3

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, United states, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming

Exclusive territories available.
Territory size: 2 miles/60K people

Costs and Fees

Total investment: $154.5K-273K
Franchise fee: $29.5K
Ongoing royalty fee: 6%
Term of agreement: 10 years, renewable
Express/kiosk option available

Type of Financing Available
In-House Third Party
Franchise Fee Yes No
Startup Costs No Yes
Equipment No Yes
Inventory Yes No
Accounts Receivable No No
Payroll No No

Qualifications
Net worth requirement: $750K
Cash liquidity requirement: $150K
Business Experience:
  • General business experience
  • Customer service oriented

Operations
  • Number of employees needed to run franchised unit: 6 - 6
  • Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 3 weeks
  • At franchisee's location: 3-4 weeks

Ongoing Support
  • Newsletter
  • Meetings
  • Toll-free phone line
  • Grand opening
  • Internet
  • Security/safety procedures
  • Field operations/evaluations
  • Purchasing cooperatives

Marketing Support
  • Ad slicks
  • National media
  • Regional advertising

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