FranchiseVerdict
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FV-01112·MODERATEExcellent95FDD 2022

Greek Xpress

Food & Beverage - Full ServiceFranchising since 2021Website
Investment
$199K – $858K
18th pct Full Service
Avg revenue
$1.1M
23rd pct Full Service
Royalty
6.0%
54th pct Full Service
Units
7
33rd pct Full Service
SBA default

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). Estimated payback in 5.6 years.
  • Rated MODERATE with a risk score of 67/100.

Item 1 · who you're contracting with

The Franchisor

Legal entity
Greek Xpress Franchising LLC
Incorporated in
New York
HQ
59 Main Street, East Rockaway, New York 11518
Auditor
Maria Nikoloudakis, CPA, P.C.
Audited financials
Franchisor revenue
$0
vs $0 prior year

Yale framework · single-unit ROIC

Returns Analysis

Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.

The model · Yale framework

What would one Greek Xpress unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $1,144,961
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: generic
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $199K–$858K
Working capital
$
FDD reports $30K–$100K

Unlevered ROIC · per unit

29%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$172K
EBITDA margin
15.0%
Total invested
$593K
Payback
41 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Levered LBO scenario · Yale Crease Capital framing

What would 25 Greek Xpress units return on equity?

Edit assumptions

Equity IRR · 5-yr

49.9%

7.57× MOIC

Year-1 DSCR

1.88×

EBITDA ÷ debt service

Equity required

$1.8M

on $9.2M purchase

Total debt

$7.3M

SBA $4.6M + senior + seller note

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
Founded
2020
FDD year
2022
States available
1

Item 7 · what it costs

The Vitals

Total investment
$199K – $858K
All-in to open one unit
Liquid capital
$30K – $100K
Cash you must have on hand
Franchise fee
$30K
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 v3 / Item 19

Item 19

Financial Performance

Avg gross sales
$1.1M
Per unit, per year
Median gross sales
$1.2M
Item 19 type
Actual
Sample size
4 units
vs category median 15 · small
Range (low → high)
$840K$1.4M
Cohort dispersion
Transparency
10 / 5
vs category median 4 / 5 · above
Revenue rank23th
vs Food & Beverage - Full Service peers
Investment cost rank18th
Lower investment ranks lower (better)
Royalty rate rank54th
Lower royalty = lower percentile (better)
Unit count rank33th
vs Food & Beverage - Full Service peers
Risk score rank76th
Lower risk = lower percentile (better)

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
2020
0±0
Franchised units
2021
0
Franchised units
2022
0
Franchised units

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)

Government records

SBA Loan Data

Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.

No SBA loan data available for this brand.

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

67
Risk · 0-100
MODERATE67 / 100

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.

Score breakdown · what drove the 67 / 100 rating

  1. 01MINOROnly 7 units with unknown growth trajectory suggests stagnant or declining system
  2. 02HIGHGoing Concern = False indicates potential financial instability at franchisor level
  3. 03MEDWide investment range ($198K-$857K) with only 7 units suggests inconsistent unit economics or undisclosed variables
  4. 04MINORNet income of $94,206 on $1.145M revenue (8.2% margin) is thin and vulnerable to cost increases or revenue dips
  5. 05MINOR6% royalty on thin margins leaves minimal cushion for unexpected expenses
  6. 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

Territory
Radius
Protected territory
Yes
Initial term
10 years
Renewal term
10 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
0
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Required
Governing law
New York

Item 11

Training & Operations

Classroom training
15 hrs
On-the-job training
80 hrs

Item 20

Franchisee Contacts

Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.

Franchisee contacts

1 numbers

Locked
(718) 934-••••
NY

One-time purchase · CSV download · Validation questions included

FDD download

Greek Xpress · FDD (2022) PDF

Single-page checkout · instant download · CSV export of contacts available separately above