Got Questions? Just Ask Nick!
What experience do I need to become a Nick the Greek franchise owner?
We prefer that franchise candidates who are self-starters, with a background in foodservice or general business and staff management, and who are great leaders and communicators. We offer options for single- and multi-unit ownership to qualified candidates. Of course, we’ll provide the training, tools and recipes you need to open your Greek restaurant franchise and operate it effectively.
What is provided as part of the Nick the Greek program?
We will provide a comprehensive pre-opening training program at a corporate location for up to two weeks, including both classroom and on-the-job training. In conjunction with your Grand Opening, representatives of the Nick the Greek franchise support team will spend up to five days assisting you and your staff on-site at your location. You will have access to our exclusive recipes and a copy of our standards manual to help run your business properly on a day-to-day basis.
How much will the Nick the Greek program investment cost me?
The total initial investment necessary to begin operations ranges from $349,737 to $523,800 for a single location. This includes a $35,000 initial franchise fee. As with any new venture, it’s important to have adequate capital to fund the initial business growth stages.
Is financing available?
No. We do not provide direct financing to franchisees, however we may refer to financing sources on a case by case basis.
Are there ongoing fees to pay?
We charge a royalty fee equal to 6% of gross sales and a $250 monthly technology fee (which can go up to $500 per month). These fees allow us to fund our ongoing support services and the continued development of recipes, product and supply channels, marketing tools, training programs and systems upgrades.
Are there any advertising fees?
Franchisees will be required to spend a minimum of 1% of gross sales each month on local marketing. Nick the Greek franchise owners will initially contribute 0.5% of gross revenues into the system marketing fund (contributions can go up to 3% of gross revenues). Collected funds will be used to develop marketing strategies to promote the Nick the Greek brand and fund the creative costs to develop local marketing materials and campaigns.
What is the term of the agreement?
The initial term of your agreement is ten years with two subsequent successor agreement options of five years each.
How do I get started?
If you’re interested in learning more about how to open your Nick the Greek restaurant franchise, contact us at (408) 780-4976 or email firstname.lastname@example.org to discuss the possibility of setting up a meeting, speaking with our key management staff and receiving our FDD (Franchise Disclosure Document) which contains all the important details you’ll need to make an informed decision.