Signing out of account, Standby...
This company's data may be out of date.
- 2022 Franchise 500 Rank
N/R Not ranked last year
- Initial investment
$240K - $478K
- Units as of 2014
Here’s what you need to know if you’re interested in opening a Forever Yogurt franchise.
In 1997, Keith and Amy Richards were on holiday in Greece. They experienced small-table Mediterranean cafés where everyone in the community came together to enjoy food and celebrate life. Fired up, the Richards went back home with a vision to bring their Greek experience to life by opening the first of many Mediterranean cafes in Birmingham, Alabama in 1998.
Taziki’s Mediterranean Cafe is a fast-paced chain of restaurants based in Birmingham, Alabama. It serves Greek and Mediterranean dishes, such as gyros, sandwiches, soups, and salads. With over 20 years of experience, Taziki’s Mediterranean Cafe has evolved to become a tech-savvy brand optimized to satisfy both digital guests enjoying their food to-go and in-person guests visiting their restaurants.
Taziki’s Mediterranean Cafe has a menu of exciting flavors and real, homemade Greek food. Since beginning to franchise in 2013, Taziki’s Mediterranean Cafe has grown to over 70 locations all across the U.S.
Why You May Want to Start a Taziki's Mediterranean Cafe Franchise
Taziki’s Mediterranean Cafe takes extra care to source its ingredients responsibly. Some ingredients are direct imports from the Mediterranean, such as olive oil and lemons. Others are grown locally on American farms. Taziki’s Mediterranean Cafe believes that guests should enjoy every Mediterranean meal with friends, family, and fresh herbs with every dish.
Mediterranean and Greek food categories are some of the fastest-growing cuisine categories, but are underrepresented in many communities. Taziki’s Mediterranean Cafe believes it is in a great position to grow and even develop a trend while also providing people with a healthier lifestyle.
The company is purpose-driven and people-first. It prides itself on always having the customer at heart. Taziki’s Mediterranean Cafe is for those who are serious about authentic Mediterranean food and sharing it with their friends and family. The brand offers catering for events such as weddings, business events, and family reunions. Catering provides another form of business that a franchisee can undertake.
What Might Make Taziki's Mediterranean Cafe a Good Choice?
To be part of the Taziki's Mediterranean Cafe team, you should make sure you’re financially ready for an initial investment that will include a franchise fee and other startup fees. You’ll want to make sure you have enough capital available to cover ongoing fees, as well. These fees will include royalty fees, advertising fees, and a potential renewal fee. Typical terms of agreement run for a period of ten years.
Franchisees receive hundreds of hours of on the job training, as well as continuous access to a franchise consultant to ensure success on opening day.
Additionally, Taziki’s Mediterranean Cafe has been ranked in Entrepreneur’s Franchise 500 multiple times in recent years. This ranking is based on an evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.
How to Open a Taziki's Mediterranean Cafe Franchise
To start the process of becoming a Taziki's Mediterranean Cafe franchisee, fill out the inquiry form. A representative of Taziki’s may call you to discuss the brand, restaurant information, and possible partnership, should you meet all the requirements.
If all goes well, you will soon partner with Taziki's Mediterranean Cafe and join their team with your very own Taziki's Mediterranean Cafe franchise.
About Forever Yogurt
- Franchising Since
- 2012 (10 years)
- # of employees at HQ
- Where seeking
This company is seeking new franchisees in the following US states:
This company is seeking new franchisees in the following international regions:
- # of Units
- 25 (as of 2014)
- Corporate Address
215 W. Ohio, #1W
Chicago, IL 60654
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Forever Yogurt franchise.
Financial Requirements & Ongoing Fees
Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
- Initial Franchise Fee
Definition: The initial fee paid to a franchisor to join their system
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
- Initial Investment
- $240,000 - $478,450
Definition: The total amount necessary to begin operation of the franchise
What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.
- Net Worth Requirement
- $350,000 - $400,000
Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company
What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.
- Cash Requirement
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
- Royalty Fee
Definition: A ongoing fee paid to the franchisor on a regular basis.
What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.
- Ad Royalty Fee
Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts.
What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.
- Term of Agreement
- 10 years
Definition: The length of time your franchise agreement will last.
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
- Is franchise term renewable?
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
- On-The-Job Training
- 1-3 days
- Classroom Training
- 1-2 weeks
- Ongoing Support
Purchasing Co-opsMeetings & ConventionsToll-Free LineGrand OpeningSecurity & Safety ProceduresLease NegotiationField Operations
- Marketing Support
Co-op AdvertisingAd TemplatesNational MediaRegional Advertising
Additional details about running this franchise.
- Is absentee ownership allowed?
Definition: Absentee ownership means that the franchisee does not actively work in the franchise business or manage day-to-day operations.
- Can this franchise be run from home/mobile unit?
Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.
- Can this franchise be run part time?
Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.
- Are exclusive territories available?
Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened.
What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.
Are you eager to see what else is out there? Browse more franchises that are similar to Forever Yogurt.
Related Franchise Content
Catch up on the latest franchise news, trends, and more.
What started as a parking lot pop-up expanded to 67 locations in less than five years. Here's how Dave's Hot Chicken became one of the fastest-growing food chains in the country.
How does your personality compare? Do you like following rules or making the rules?
There's endless opportunity in kid-friendly startups.
Make sure the franchise you buy, and their marketing system, are worthy of your time and investment.
There are many ways to own a business that helps other businesses thrive.
The lifestyle that comes with a home-based franchise may seem carefree, but it's not for everyone. Here are five questions to ask yourself to see if this type of business is for you.