Starting a Mediterranean restaurant franchise with The Great Greek is a great way to break into the thriving fast-casual industry. As a franchisor, one of the costs you’ll encounter in our model is the franchise fee. At first glance, some investors wonder why they should choose a franchise at all when they could start a restaurant on their own and avoid the franchise fee altogether. The truth is, the franchise fee is a small price to pay for the expertise, guidance, and resources you’ll enjoy in return. In the end, we design it as such to save you money and time. Learn more about The Great Greek Mediterranean Grill’s franchise fee, along with other relevant parts of the investment.
How Much Does It Cost to Open a Restaurant with The Great Greek?
We estimate that opening a new franchise will cost between $400K-$600K. Ultimately, the amount you’ll spend will depend on factors such as real estate costs specific to the area you choose, the size of your location, and other variables. When you contact us, we can take some of these into account to give you a more concrete estimate.
One of the best things about partnering with a franchise as opposed to going it alone is that we’ve developed a comprehensive investment breakdown that includes just about everything it takes to get started. It considerably reduces the odds that you’ll run into unexpected costs!
Your total investment will include the costs listed below.
Our Mediterranean Restaurant Franchise Fee
Our one-time initial franchise fee is set at $39,500. As we explained above, the franchise fee grants you access to many services that independent owners simply don’t enjoy. A few examples of what you can expect in exchange for your franchise fee include:
- The right to operate under our well-established brand name
- Training in our highly-effective processes and systems
- Access to our network of franchisees and experts
- Use of our proven business model
We designed the franchise fee to save you money in the long run, and help you get started on the right track.
We’ve built $180K of liquid capital into our Mediterranean restaurant franchise costs. It’s essential to have a good deal of available assets on-hand during your restaurant’s early days so you can cover expenses as they come up before you’ve had a chance to generate much revenue. We welcome our franchisees to seek outside financing, such as an SBA loan, to help with this part of the investment.
Real Estate, Equipment, and More
When you request a copy of our Franchise Disclosure Document, you’ll see that the initial investment accounts for just about everything you’ll need to get started, right down to the signage!
Contact us today for more details on what you can expect to spend when you partner with The Great Greek.