Nick the Greek Franchise
Cost, fees, owner earnings, closure rate and litigation for a Nick the Greek franchise — pulled from the franchisor's own public FDD (2026), not its sales material.
Disclosure honesty
Nick the Greek discloses earnings (Item 19) — but the grade is how honestly. We graded it C.
What their own earnings claim actually says
53 qualifying restaurants (2025): Average unit volume $1,578,875; median $1,554,705. 49.1% met/exceeded average. Quartile breakdown provided. Cherry-picked: excludes 15 newer units and 13 non-conforming units.
What a Nick the Greek franchise actually costs to run
| Fee | Disclosed | Where it comes from |
|---|---|---|
| Initial franchise fee | $35,000 | Item 5 — paid up front, before you open |
| Royalty | 6% of gross sales | Item 6 — charged on revenue, not profit |
| Advertising fund | 2% of gross sales | Item 6 — brand marketing, spent at the franchisor's discretion |
| Total recurring fees | 8% of gross sales | Before rent, labor, food or debt service |
| Total initial investment | $417,750 – $875,500 | Item 7 — franchisor's own low/high estimate |
6% royalty + 2% marketing fund. Tech fee $300/mo. Transfer fee 25-50% of current franchise fee. Successor agreement 40%.
Royalty and ad-fund percentages are charged on gross sales — an owner pays them whether or not the location is profitable.
Nick the Greek system size and owner turnover
| Total outlets | 93 |
| Ceased operations | 1 |
| Terminated by franchisor | 0 |
| Transferred to new owners | 3 |
| Closure rate | 1.1% of outlets |
1 ceased operations (2025); no terminations past 3 years. Strong growth trajectory.
From Item 20 of the FDD 2026. Terminations and ceased operations are the franchisor's own count of owners who stopped — the number the sales pitch leaves out.
Is Nick the Greek worth it? — how it compares to 164 similar franchises
| Ongoing fees | 8% of sales | lower than most (median 8%) |
| Startup cost | from $417,750 | about average (median $481,500) |
| Disclosure honesty | Grade C | typical for the category |
| Closure rate | 1.1% of outlets | about average |
| Disclosed lawsuits | 0 | fewer than most |
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 Nick the Greek
The franchisor's framing: 53 qualifying restaurants (2025): Average unit volume $1,578,875; median $1,554,705. 49.1%… 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
Nick the Greek franchise — frequently asked
- How much does a Nick the Greek franchise cost?
- The FDD lists a total initial investment of about $417,750–$875,500, including a $35,000 initial franchise fee.
- How much do Nick the Greek franchise owners make?
- 53 qualifying restaurants (2025): Average unit volume $1,578,875; median $1,554,705. 49.1% met/exceeded average. Quartile breakdown provided. Cherry-picked: excludes 15 newer units and 13 non-conforming units. We grade this disclosure C for honesty.
- What are the Nick the Greek franchise fees?
- Nick the Greek's FDD discloses a $35,000 initial franchise fee, a 6% royalty on gross sales, a 2% advertising-fund contribution, for roughly 8% of gross sales in recurring fees before rent, labor, or debt service. 6% royalty + 2% marketing fund. Tech fee $300/mo. Transfer fee 25-50% of current franchise fee. Successor agreement 40%.
- What is the Nick the Greek franchise profit margin?
- Nick the Greek does not publish a franchisee net-profit margin — almost no franchisor does. What Item 19 actually shows: 53 qualifying restaurants (2025): Average unit volume $1,578,875; median $1,554,705. 49.1% met/exceeded average. Quartile breakdown provided. Cherry-picked: excludes 15 newer units and 13 non-conforming units. Recurring fees alone take about 8% 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 Nick the Greek franchise failure rate?
- 1 ceased operations (2025); no terminations past 3 years. Strong growth trajectory.
- How many Nick the Greek locations are there?
- Nick the Greek's FDD reports 93 total outlets, with 1 that ceased operations in the most recent reporting year and 3 transferred to new owners. Item 20 is where system health shows up before the marketing does.
- Does Nick the Greek have complaints or lawsuits?
- Nick the Greek discloses no material litigation in Item 3 of the filing we reviewed. That's a positive signal, though it covers only what the franchisor is required to report.
- Is a Nick the Greek franchise worth it?
- It depends on the numbers, not the pitch. Nick the Greek scores C on disclosure honesty, carries about 8% of sales in ongoing fees. Get the real owner take-home before you sign.
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Compare Nick the Greek to similar franchises
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Source: WI DFI Franchise Registration (2026). FranchiseValidate is independent and not affiliated with Nick the Greek or its franchisor. Figures are extracted from the franchisor's own public disclosure document; verify against the current FDD before any decision.