Greek XpressFranchise Cost, Revenue & Review 2026
Data from FDD filing
FranchiseVerdict summary · 2026
A Greek Xpress franchise requires a total initial investment of $199K – $858K, including a $30K franchise fee and an ongoing 6.0% royalty[2]. Per the 2022 FDD, average unit revenue was $1.1M[2]. Verdict grade: B. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2022 FDD issuance
Overview
- Investment
- $199K – $858K
- 10th pct Service Resta…
- Avg gross sales
- $1.1M
- 12th pct Service Resta…
- Royalty
- 6.0%
- 26th pct Service Resta…
- Units
- 7
- 17th pct Service Resta…
- SBA default
- N/A
Quick verdict · Full-Service Restaurants · color = vs category peers
Green = >15% above Full-Service Restaurants avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
18% cash-on-cash return (based on P&L Bottom Line). Within the 15-30% range most franchise investors consider acceptable.
Bottom line
- Total investment $199K – $858K including a $30K franchise fee, 6.0% ongoing royalty.
- Average unit revenue of $1.1M/year (median $1.2M), with an estimated 18% cash-on-cash return (based on P&L Bottom Line).
- Verdict B (Above Average) with a risk score of 61/100.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- Greek Xpress Franchising LLC
- Incorporated in
- NY
- HQ
- 59 Main Street, East Rockaway, New York 11518
- Auditor
- Maria Nikoloudakis, CPA, P.C.
- Audited financials
- Franchisor revenue
- $0
- vs $0 prior year
Overview
About
Greek Xpress franchisees operate quick-service restaurants specializing in Greek cuisine, likely focusing on gyros, souvlaki, salads, and Mediterranean bowls. Daily operations include food preparation, customer service, inventory management, and adherence to brand standards across a protected territory.
- CEO
- Dimitrios Soursos
- Headquarters
- NY
- Founded
- 2020
- FDD year
- 2022
- States available
- 1
FDD Item 7 · 2022 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $30K | $30K |
| Working capital (3–6 mo) | $30K | $100K |
| Equipment, build-out, other | $139K | $728K |
| Total initial investment | $199K | $858K |
Source: Greek Xpress 2022 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
Single-unit · estimated
Returns at a glance
Indicative numbers using FDD Item 7 / Item 19 inputs and category-benchmarked cost ratios. Full single-unit, 25-unit portfolio, and LBO models (with every input editable to stress-test your own scenario) live on the financials page.
Store EBITDA · annual
$114K
10.0% margin
Unlevered ROIC
19%
EBITDA / total invested capital
Payback
5.2 yrs
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $199K – $858K
- Better than avg vs category
- Liquid capital req'd
- $30K – $100K
- Better than avg vs category
- Franchise fee
- $30K – $30K
- Better than avg vs category
- Royalty
- 6.0%
- Gross Sales · typical 6–8%
- Ad fund
- 2.0%
- typical 3–5%
- Total fee load
- 8.0%
- vs 9–13% typical
- Payback period
- 5.6 yrs
- From FDD / Item 19
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 6.0% of gross sales |
| Marketing / ad fund | 2.0% of gross sales |
| Technology fee | $200 |
| Transfer fee | $15K |
| Renewal fee | $5K |
| Total fee load | 8.0% of rev |
Financial Performance
- Avg gross sales
- $1.1M
- Per unit, per year
- Median gross sales
- $1.2M
- Avg p&l bottom line
- $94K
- Reported as P&L Bottom Line in FDD Item 19
- Cash-on-cash
- 17.8%
- Based on P&L Bottom Line / investment midpoint
- Item 19 type
- Actual
- Sample size
- 4 units
- vs category median 13 · small
- Range (low → high)
- $840K→$1.4M
- Cohort dispersion (min → max)
- Reporting year
- 2022
- Fiscal year the figures cover
- Transparency
- 10 / 5
- vs category median 4 / 5 · above
Compared against 1264 Full-Service Restaurants brands
vs Full-Service Restaurants averages
How Greek Xpress Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 7
- Opened
- 0
- Last reporting year
- Closed
- 0
- Turnover rate
- 0.0%
- Company-owned
- 7
- Corporate units in the system
- % franchised
- 0%
- vs corporate-owned
3-year detail · Item 20
- Transfers (3yr)
- 0
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 12 · 1 state reported
The Territory Map
FDD Item 12 reports the state count, but the specific list isn't in our current data. The map will appear once we re-extract from the FDD or enough franchisee contacts are available.
1
states with franchisees (per FDD Item 12)
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
No SBA loan data available for this brand.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Early-stage or stagnating system with minimal unit base, unclear franchisor financial health, and thin unit-level profitability raise capital recovery and support sustainability concerns.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Maria Nikoloudakis, CPA, P.C.
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Must buy proprietary products: No
Score breakdown · what drove the 61 / 100 rating
- 01MINOROnly 7 units with unknown growth trajectory suggests stagnant or declining system
- 02HIGHGoing Concern = False indicates potential financial instability at franchisor level
- 03MEDWide investment range ($198K-$857K) with only 7 units suggests inconsistent unit economics or undisclosed variables
- 04MINORNet income of $94,206 on $1.145M revenue (8.2% margin) is thin and vulnerable to cost increases or revenue dips
- 05MINOR6% royalty on thin margins leaves minimal cushion for unexpected expenses
- 06MEDNo Item 19 financial performance data (Avg Revenue/Income appear unaudited or incomplete)
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Allowed renewalsℹ | 1 |
| Territory type | Radius |
| Protected territory | Yes |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Jury trial waiver | Yes |
| Governing law | New York |
| Litigation count | 0 |
Items 10, 11
Training & Operations
- Classroom training
- 15 hrs
- On-the-job training
- 80 hrs
- Training location
- On-site at franchisee's restaurant and corporate location
Items 5 & 11
Franchisor Support
Item 20 · call current owners
Franchisee Contacts
1 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Greek Xpress · FDD (2022) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Greek Xpress franchise?
The total investment to open a Greek Xpress franchise ranges from $199K – $858K, with an initial franchise fee of $30K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Greek Xpress franchise owners earn?
According to Item 19 of the Greek Xpress FDD, the average gross sales per unit is $1.1M. The median is $1.2M. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is Greek Xpress's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Greek Xpress (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
How many Greek Xpress franchise locations are there?
As of their most recent FDD filing, Greek Xpress has 7 total units in the United States, including 0 franchised units and 7 company-owned units.
Is Greek Xpress a good franchise to buy?
FranchiseVerdict rates Greek Xpress as a B-grade franchise with a risk score of 61 out of 100, based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
For franchisors
Are you the franchisor?
If you represent Greek Xpress, you can request corrections or provide updated information.
Claim this brandOther Full-Service Restaurants franchises
Compare similar franchise opportunities in the Full-Service Restaurants category
Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.