The Simple Greek is a restaurant serving authentic Greek and Mediterranean cuisine in an open kitchen format. The franchise emphasizes fresh ingredients and traditional flavors.
Key Insights
- The Simple Greek began with a vision to bring authentic, approachable Greek cuisine to communities, evolving from humble beginnings to a recognized name in casual dining. The business emphasizes fresh ingredients and efficient service, creating a welcoming atmosphere for customers seeking a flavorful and satisfying meal.
- Operating through a model focused on streamlined kitchen processes and a curated menu, the franchise offers a consistent customer experience. This operational structure allows for scalability and adaptability to various market demands, focusing on quality and speed of service.
- The business thrives within the vibrant fast-casual restaurant sector, a segment experiencing sustained growth driven by consumer demand for convenient, high-quality food options. This industry landscape presents opportunities for concepts that offer distinct flavors and a positive dining experience.
Franchise Fee and Costs to Open
Exploring the financial picture of The Simple Greek gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $318,700 - $632,500, along with a franchise fee of $25,000 - $25,000.
Financial Performance and Revenue
Yearly gross sales of $833,585 and estimated earnings of $100,031 - $125,038 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 4.7-6.7 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
The Simple Greek provides new franchisees with comprehensive training. This initial training spans two weeks and is conducted at The Simple Greek's corporate headquarters. The franchisor offers ongoing support and resources designed to assist in launching and managing a successful franchise location. The Simple Greek recommends leveraging these tools for optimal franchise operations.
Legal Considerations
Legal considerations for a The Simple Greek franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
Operating a franchise like The Simple Greek presents several considerations. Local market saturation with similar fast-casual concepts requires careful differentiation. Ensuring consistent food quality and service demands robust training and adherence to operational standards. Managing inventory and sourcing key ingredients, particularly specialty items, necessitates reliable supply chain relationships to maintain product integrity and availability.
Franchise Datasheet
FAQs
What is the minimum cash required to open a The Simple Greek franchise?
How can I estimate the profitability and return on investment (ROI) of a The Simple Greek franchise?
What is the franchisee fee for a The Simple Greek franchise?
How to open a The Simple Greek franchise?
How many locations does The Simple Greek have?
Get insider access to franchise insights
Subscribe to receive expert tips, franchise rankings, and exclusive data straight to your inbox, trusted by thousands of aspiring business owners and investors.
Franchise resources & insights
Explore expert guides, data-driven articles, and tools to help you make smarter franchise decisions, whether you're just starting out or ready to invest.
