Opening a fast-casual restaurant franchise with The Great Greek Mediterranean Grill is a great business opportunity in a growing industry with high demand. With the increasing availability of healthier food options in fast-casual restaurants, people can make healthier food choices more easily, creating a global market for healthier food options. The industry is expected to continue to grow, with a projected CAGR of 11.5% during the forecasted period of 2023-2028.
The Great Greek Grill offers a fast-casual food franchise opportunity to aspiring entrepreneurs who want to own a restaurant with a distinctive and tasty menu and fresh, high-quality food that won’t break the bank. With over 30 years of experience in the hospitality industry, we have established a strong reputation for guiding our franchisees toward building successful businesses. We achieve this through our exceptional training program, dedication to customer satisfaction, and serving authentic dishes in generous portions at affordable prices. Are you an ideal candidate for our franchise opportunity? Read more to find out.
The Cost of Opening a Fast-Casual Restaurant Franchise with Us
Starting a business requires hard work, dedication, and investment, especially during the initial stages. An ideal candidate for the Great Greek Grill should have the following:
- Industry experience
- Multiple streams of revenue
- A proven track record
- The capital to cover the following:
Franchise Fee
Upon signing a franchise agreement with us, a one-time restaurant franchise fee of $39,500 is required. This comprehensive fee covers a range of essential services, such as location selection assistance, lease negotiation support, and site build-out guidance. You will also receive initial training, aid in recruiting and training staff, access to our suppliers, a startup marketing kit, and assistance with the launch and ramp-up of your restaurant.
Liquid Capital
To become a franchisee with The Great Greek Grill, you’re required to have liquid capital of roughly $225,000 that is not borrowed, in the bank, and readily available for investment. This sum should suffice to cover the following:
- Construction expenses
- Rent
- Wages
- Advertising, and
- Other costs that come with establishing a business
The higher your liquid capital, the more streamlined the startup process will be.
Royalty Fees
A monthly royalty fee of 6% of your gross sales revenue goes towards your monthly royalty fees. This contribution covers the resources and continual support provided by our brand and corporate team, including:
- Access to our suppliers
- Marketing and advertising services
- Recruitment and human resources assistance
- Management support
- Updates and advancements in the brand and offerings
Total Investment to Open an Authentic Greek Restaurant with Us
The total investment required for the Great Greek Grill ranges between $650,000 to $800,000. The range varies due to several factors, such as location, local demand, regional rates for construction, rent, supplies, equipment, and other relevant elements. This sum should cover all the necessary expenses for establishing a restaurant business.
It’s worth noting that there may be additional expenses to consider before the grand opening. These expenses may include insurance, consultancy, or legal service fees (if opted for) and lease deposits.
Franchising with the Great Greek Grill has many advantages, such as an established customer base that generates built-in demand, a successful track record, and an experienced network. Our franchise program provides the necessary training and resources to help you take advantage of this growing market and stand out from the competition.
Now is a great time to invest in a fast-casual restaurant franchise! Contact The Great Greek today to learn more.
