Great Greek Franchise
Cost, fees, owner earnings, closure rate and litigation for a Great Greek franchise — pulled from the franchisor's own public FDD (2025), not its sales material.
Disclosure honesty
Great Greek discloses earnings (Item 19) — but the grade is how honestly. We graded it B.
What their own earnings claim actually says
Affiliate-owned Nevada restaurants: 7 units, $1.9M-$2.8M gross revenue, 16-30% net operating income. Franchisee data: 17 units 2+ years operation; highest $2.4M, lowest $964K gross revenue.
What a Great Greek franchise actually costs to run
| Fee | Disclosed | Where it comes from |
|---|---|---|
| Initial franchise fee | $39,500 | Item 5 — paid up front, before you open |
| Royalty | 6% of gross sales | Item 6 — charged on revenue, not profit |
| Advertising fund | 3% of gross sales | Item 6 — brand marketing, spent at the franchisor's discretion |
| Total recurring fees | 9% of gross sales | Before rent, labor, food or debt service |
| Total initial investment | $526,670 – $1,188,420 | Item 7 — franchisor's own low/high estimate |
6% royalty + 3% marketing fund + 1% local marketing + $500 training (additional). Franchise Real Estate affiliate provides design/real estate services ($10K DPM fee, $0-$3.5K service charge).
Royalty and ad-fund percentages are charged on gross sales — an owner pays them whether or not the location is profitable.
Great Greek system size and owner turnover
| Total outlets | 77 |
| Ceased operations | 1 |
| Terminated by franchisor | 1 |
| Transferred to new owners | 6 |
| Closure rate | 1.3% of outlets |
1 ceased operation (FY2024), 1 non-renewal (FY2024), minimal terminations/closures reported
From Item 20 of the FDD 2025. Terminations and ceased operations are the franchisor's own count of owners who stopped — the number the sales pitch leaves out.
Is Great Greek worth it? — how it compares to 164 similar franchises
| Ongoing fees | 9% of sales | steeper than 68% of quick service restaurants franchises |
| Startup cost | from $526,670 | about average (median $481,500) |
| Disclosure honesty | Grade B | more honest than 85% of quick service restaurants franchises |
| Closure rate | 1.3% of outlets | about average |
| Disclosed lawsuits | 4 | more litigious than 81% of peers |
Benchmarked against every quick service restaurants franchise we've graded from public FDDs — the context the franchisor's pitch never gives you.
Owner take-home for a Great Greek
The franchisor's framing: Affiliate-owned Nevada restaurants: 7 units, $1.9M-$2.8M gross revenue, 16-30% net operati… We reconstruct what an owner actually keeps, from their own FDD.
- Reconstructed owner P&L — net take-home after royalty, ad fund, rent, labor & debt
- Break-even timeline + cash-on-cash ROI
- Full fee stack + required-purchase markups
- Decoded real failure / closure rate
- How it ranks vs comparable franchises
- Validation-call playbook — the exact questions to ask
See a full sample report → · 30-day guarantee
Great Greek franchise — frequently asked
- How much does a Great Greek franchise cost?
- The FDD lists a total initial investment of about $526,670–$1,188,420, including a $39,500 initial franchise fee.
- How much do Great Greek franchise owners make?
- Affiliate-owned Nevada restaurants: 7 units, $1.9M-$2.8M gross revenue, 16-30% net operating income. Franchisee data: 17 units 2+ years operation; highest $2.4M, lowest $964K gross revenue. We grade this disclosure B for honesty.
- What are the Great Greek franchise fees?
- Great Greek's FDD discloses a $39,500 initial franchise fee, a 6% royalty on gross sales, a 3% advertising-fund contribution, for roughly 9% of gross sales in recurring fees before rent, labor, or debt service. 6% royalty + 3% marketing fund + 1% local marketing + $500 training (additional). Franchise Real Estate affiliate provides design/real estate services ($10K DPM fee, $0-$3.5K service charge).
- What is the Great Greek franchise profit margin?
- Great Greek does not publish a franchisee net-profit margin — almost no franchisor does. What Item 19 actually shows: Affiliate-owned Nevada restaurants: 7 units, $1.9M-$2.8M gross revenue, 16-30% net operating income. Franchisee data: 17 units 2+ years operation; highest $2.4M, lowest $964K gross revenue. Recurring fees alone take about 9% of gross sales, before rent, labor, food or debt service. Margin has to be reconstructed from the disclosure, not read off it.
- What is the Great Greek franchise failure rate?
- 1 ceased operation (FY2024), 1 non-renewal (FY2024), minimal terminations/closures reported
- How many Great Greek locations are there?
- Great Greek's FDD reports 77 total outlets, with 1 that ceased operations in the most recent reporting year and 6 transferred to new owners. Item 20 is where system health shows up before the marketing does.
- Does Great Greek have complaints or lawsuits?
- Great Greek discloses 4 legal matters in Item 3 of its FDD. Item 3 covers the franchisor's litigation history, which is the closest thing to a public record of how it treats franchisees — read the case descriptions, not just the count.
- Is a Great Greek franchise worth it?
- It depends on the numbers, not the pitch. Great Greek scores B on disclosure honesty, carries about 9% of sales in ongoing fees, and discloses 4 legal matters. Get the real owner take-home before you sign.
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Compare Great Greek to similar franchises
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Source: MN CARDS 34678-202508-07 (Clean FDD 2025). FranchiseValidate is independent and not affiliated with Great Greek or its franchisor. Figures are extracted from the franchisor's own public disclosure document; verify against the current FDD before any decision.