Mr. Greek is a Mediterranean-themed, low cost, casual dining restaurant chain, and one of the biggest Greek restaurant franchises in North America. The menu features Greek staples like pita wraps, gyros, seafood, pasta, chicken, lamb, soup, salad, and hummus. Mr. Greek Restaurants has two formats: Mediterranean Grill, which is a sit-down establishment with a full menu, and Express, which caters to on-the-go patrons with a limited menu and take-out specials.
Full Franchise Information
Franchisees are provided with a month-long training program: two weeks at headquarters and two weeks at the new restaurant. Though the majority of franchisees are the owners operators, absentee ownership is permitted. One in three franchisees actually own more than one Mr. Greek location. While all of the restaurants are currently in Ontario, Canada, Mr. Greek Restaurants is open to franchising possibilities throughout the world.
Mr. Greek Restaurants Franchise Opportunities - History
In 1988, George Raios bought a restaurant in the Greek area of Toronto. After a second location was opened successfully in 1992, Mr. Greek Restaurants made the leap toward franchising in 1993. Currently there are about 25 Mr. Greek Restaurants, most of which are franchises.
Mr. Greek Restaurants Franchise Cost / Initial Investment / Mr. Greek Restaurants Franchise Income
Mr. Greek Restaurants has a franchise fee of $35,000 to $50,000 for a 10-year renewable agreement, although the total initial investment can range from $400,000 to $750,000. Mr. Greek Restaurants also applies an additional 5% ongoing royalty fee to its franchisees. Additionally, franchisees should have a net worth that exceeds half a million dollars, with at least half of that available in liquid assets.
Mr. Greek Restaurants Business Opportunities: Other Information
Mr. Greek Restaurants gained popularity when it stopped serving MSG and trans fats in its food. This move helped align the restaurant chain even better with the Mediterranean Diet. This trendy diet includes using olive oil in place of less healthy oils, and grilling ingredients over actual fire.