Is
The Great Greek Mediterranean Grill
a franchise?
The Great Greek Mediterranean Grill, a fast-casual restaurant specializing in Greek and Mediterranean cuisine, was founded in 2011. The brand began franchising in 2018, expanding its reach and offering franchise opportunities to entrepreneurs interested in the growing popularity of Mediterranean food. The franchise headquarters is located in West Palm Beach, Florida, from where it supports its franchisees and oversees the brand's expansion.
The Great Greek Mediterranean Grill has established itself by emphasizing fresh ingredients, quality dishes, and a dining experience that transports customers to the Mediterranean without leaving their local community. The franchise provides comprehensive support to its franchisees, including real estate assistance, marketing expertise, training, and ongoing support to ensure the success of each location.
How many
The Great Greek Mediterranean Grill
franchises
are there?
What are the
The Great Greek Mediterranean Grill
franchise
fees?
Initial Franchise Fee
The Great Greek Mediterranean Grill requires franchisees to pay an initial franchise fee of $39,500 upon signing the franchise agreement. This fee covers the rights to use the franchisor's trademarks, proprietary information, and access to the franchisor's business system.
Royalty Fee
Franchisees are obligated to pay a weekly Royalty Fee equal to 6% of Gross Revenues. This fee is a recurring payment that supports ongoing franchisor services, including brand development and operational support.
Marketing/Brand Fund Contribution
A contribution to the Marketing/Brand Fund is required from franchisees, which is determined by the franchisor and capped at 4% of the Franchisee's Gross Revenues. This fund is used for national marketing and brand promotion efforts.
Design and Project Management Fee
A Design and Project Management Fee (DPM Fee) of $10,000 is charged for assistance in managing the construction, remodeling, and finishing of the franchise location. This one-time fee is due upon signing the franchise agreement.
Transfer Fees
When a franchise is sold or transferred, a Transfer Fee applies, which is the greater of $29,500, 10% of the sale price of the franchise business, or the current transfer fee at the time of transfer. This fee is to be paid prior to the consummation of the transfer.
Renewal Fee
To renew the franchise agreement, franchisees must pay a Renewal Fee of $2,500. This fee is associated with the continuation of the franchise relationship beyond the initial term under potentially updated agreement terms.
Note: The fees presented here can be found in the Item 5 of the Franchise Disclosure Document. For a complete list of all the fees borne by the franchisee, please consult the Franchise Disclosure Document.
How much does
it cost
to start a
The Great Greek Mediterranean Grill
franchise?
Note: The table above provides a snapshot of the main costs associated with starting the most common franchise format (as disclosed in the Item 7 of the Franchise Disclosure Document). For a complete overview of all the expenses involved with the various formats offered by the franchisor, please consult the Franchise Disclosure Document.
Does
The Great Greek Mediterranean Grill
provide
training
to its
franchisees?
The franchisor provides a comprehensive training program that covers various aspects essential for operating a franchise. The training includes:
- Level 1 Training: This is conducted at the franchisor's headquarters and a Certified Training Restaurant, focusing on the fundamentals of operating The Great Greek Mediterranean Grill franchise. The training includes instructional materials such as manuals, lectures, discussions, and on-the-job demonstration and practice. There is no fee for one person to attend Level 1 training, and the franchisor covers one round-trip airfare, hotel accommodations, and one daily meal for the duration of the initial training for one person.
- Certified Training Restaurants: The franchisor may designate certain restaurants as Certified Training Restaurants for the purpose of training managers, shift leaders, and other employees in the system. The franchisee's business may be required to be a Certified Training Restaurant and to maintain such certification.
- Software Training: The franchisee is required to acquire and use all software and related systems as mandated by the franchisor, and comply with any subscription and support agreements that the franchisor requires.
- Business Operations Training: The franchisor reserves the right to set System Standards for operational training in addition to the initial training program. This may include employing individuals who have completed designated training programs at a Certified Training Restaurant.
- Post-Opening Training: The franchisor may require the franchisee, the Operating Principal (if any), and any of the franchisee's employees to complete additional training programs in any format and location determined by the franchisor, for which a reasonable fee may be charged.
Does
The Great Greek Mediterranean Grill
provides
territory
protection?
The franchisor grants a protected territory to franchisees, within which they will not open another The Great Greek Mediterranean Grill business, nor license or franchise another party to do so, except for businesses located in limited access venues such as enclosed shopping centers, universities, churches and other religious institutions, sports stadiums, amusement parks, airports, transportation centers, hospitals, military complexes, and restricted business complexes.
If the franchise is located in a "limited access venue," then the protected territory will consist of the venue itself. However, franchisees will not receive an exclusive territory and may face competition from other franchisees, from outlets owned by the franchisor, or from other distribution channels or competitive brands controlled by the franchisor.
There are no restrictions on the franchisor from soliciting or accepting orders from consumers inside the franchisee's territory, and the franchisor reserves the right to use other channels of distribution, such as the internet, catalog sales, telemarketing, or other direct marketing sales, to make sales within the franchisee's territory using either the principal trademarks or different trademarks from those used under the franchise agreement.
Can a
The Great Greek Mediterranean Grill
franchise
be run as
a passive
investment?
The Great Greek franchise requires franchisees to personally devote their full time and best efforts to the direct operation of their franchise business. Additionally, franchisees are expected to attend all meetings, periodic training, and the annual conference.
Furthermore, if the franchisee is a business entity, an Operating Principal must be designated to devote full-time and best efforts to the management of the business. This suggests that the franchisor expects active involvement from the franchisee or a designated principal in the management and operations of the franchise, which would not support a purely passive investment approach.
