Nick the Greek Franchise FDD, Costs & Fees (2024)

KEY FRANCHISE STATS

All you need to know about this franchise in a snapshot

Initial franchise fee
$35,000
Investment required
$415,000 - $597,000
Royalty fee
6.00%

Nick the Greek: Elevating Fast-Casual Dining with Authentic Greek Flavors

Nick the Greek is a fast-casual restaurant franchise specializing in authentic Greek cuisine, offering a variety of traditional dishes such as gyros, souvlaki, and other Mediterranean delights. Founded in 2014 by three cousins, each named Nick, the franchise was born from their desire to bring high-quality Greek street food to their community after realizing there were limited options for authentic gyros in their area. 

The first location was established in San Jose, California, where the company is still headquartered today​. Since its inception, Nick the Greek has grown rapidly, expanding into a popular multi-unit chain across various states. 

The franchise began its journey of franchising shortly after its founding, and it has since become a sought-after opportunity in the fast-casual dining sector. The brand is known for its commitment to quality, using only fresh, high-quality ingredients to create flavorful and nutritious dishes that keep customers coming back​.

Nick the Greek differentiates itself from competitors through its blend of traditional Greek flavors with a modern twist, creating a unique dining experience that appeals to a broad customer base. The restaurants feature a contemporary design that combines vibrant, recognizable branding with a warm, welcoming atmosphere. 

Initial investment

Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.

Type of Expenditure Amount
Initial Franchise Fee $35,000
Rent $8,000 - $16,000
Lease, Utility & Security Deposits $8,500 - $16,500
Licenses & Permits $6,000 - $23,000
Design & Architectural Fees $8,700 - $14,500
Leasehold Improvements $193,000 - $222,000
Signage $4,750 - $13,000
Furniture & Fixtures $19,000 - $33,000
POS/Back Office System $8,000 - $20,000
Equipment $60,000 - $88,000
Professional Services $1,500 - $5,000
Initial Inventory $15,500 - $22,000
Insurance $1,800 - $4,000
Travel & Living Expenses While Training $5,000 - $10,000
Grand Opening Advertising $10,000 - $15,000
Additional Funds - 3 Months $30,000 - $60,000
Total $414,750 - $597,000

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Number of units

2023
Franchised units

8

27

39

Company-owned units

8

9

9

Total units

16

36

48

Franchise Disclosure Document

Training 

Nick the Greek Franchise provides comprehensive training to ensure that franchisees are well-prepared to operate their restaurants successfully. 

  1. Extensive Initial Training: This program covers all essential aspects of running a Nick the Greek franchise, including kitchen operations, menu preparation, customer service, and management skills. The goal is to ensure franchisees have the necessary skills to operate efficiently and maintain brand standards.
  2. Ongoing Support and Training: After the initial training, Nick the Greek provides continuous support through regular consultations, performance evaluations, and additional training opportunities. This helps franchisees stay updated on best practices and any new developments within the franchise system.
  3. Operational Guidance: Franchisees receive detailed manuals, best practices, and access to a network of experienced franchisees. This guidance helps them navigate the day-to-day challenges of running a restaurant.
  4. Marketing and Promotional Support: The franchise offers training on strategic marketing and promotional campaigns, including local marketing initiatives and social media strategies, to help attract and retain customers.
  5. Technology Training: Training is provided on using advanced technology and systems for operations, including point-of-sale systems, inventory management, and online ordering platforms, to enhance efficiency and improve the customer experience.

Territory Protection

ick the Greek franchise offers territory protection to its franchisees, ensuring that each franchisee operates within a designated area without direct competition from other Nick the Greek locations.

This territorial exclusivity helps franchisees maximize their market potential and build a loyal customer base without worrying about market saturation from within the brand. 

The protected territory is typically outlined in the franchise agreement, detailing the geographical boundaries within which the franchisee can operate. This territory protection allows franchisees to focus on growing their business and delivering high-quality service, knowing that their investment is safeguarded.

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