Gyro Shack Franchise Cost, Revenue & Review 2026
Data from FDD filing
Analysis by FranchiseVerdict Research · Methodology
Gyro Shack is a fast-casual franchise serving Greek-style gyros, wraps, and Mediterranean fare. Franchisees run the restaurants, managing food prep, staffing, and counter service.
FranchiseVerdict summary · 2026
A Gyro Shack franchise requires a total initial investment of $263K – $656K, including a $35K franchise fee and an ongoing 6.0% royalty[2]. The 2023 FDD does not disclose unit-level revenue (no Item 19). FranchiseVerdict grade: B (Above average), an editorial assessment, not investment advice. Run a live ROI scan →
Data last verified · figures per the 2023 FDD issuance
Overview
- Investment
- $263K – $656K
- 41st pct Service Resta…
- Avg gross sales
- N/A
- Incl. company outlets
- Royalty
- 6.0%
- 46th pct Service Resta…
- Units
- 6
- 27th pct Service Resta…
- SBA charge-off
- N/A
Quick verdict · Quick-Service Restaurants · color = vs category peers
Green = favorable by >10% vs Quick-Service Restaurants avg · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- COSTTotal investment $263K – $656K including a $35K franchise fee, 6.0% ongoing royalty.
- RETURNSFY2022 total revenue of $2,067 consists solely of franchise and area development fees; no royalties or management fees in 2022 (franchisor Pronomio, LLC operates company-owned outlets via affiliates). Prior years: 2021 $16,293; 2020 $99,809.
- RISKVerdict B (Above average), verdict score 48/100 (higher is better).
- DATAItem 19 reports outlet revenue, but not in a form that yields a per-outlet average we can compare across brands. Ask franchisees directly for full unit-level revenue.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- Pronomio, LLC
- Parent company
- Arete Food Group, LLC
- Ultimate parent
- Gyro Shack Holdings, Inc.
- Predecessor
- Gus Zaharioudakis
- Prior franchisor entity
- CEO title
- CEO
- Matt Jeffries
- Incorporated in
- ID
- HQ
- 12426 West Explorer Drive, Suite 230, Boise, Idaho 83713
- Auditor
- Harris CPAs
- Audited financials
- Franchisor revenue
- $2K
- vs $16K prior year
- Management churn noted
- Frequent turnover
- Item 2 disclosed frequent executive changes
Overview
About
- CEO
- Matt Jeffries
- Headquarters
- ID
- Founded
- 2015
- FDD year
- 2023
- States available
- 1
Can you afford it, and what does the money buy?
Entry cost runs 30% below the typical quick-service restaurants franchise.
Source: FDD 2023 · Items 5–7
Full Item 7 breakdown16 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Feenot refundable | $35K | $35K | |
| Leasehold Improvements, Construction Costnot refundable | $75K | $269K | |
| Licenses and Permitsnot refundable | $1K | $5K | |
| Rent - 3 monthsnot refundable | $8K | $30K | |
| Security Deposits | $2K | $10K | |
| Design & Architectural Feesnot refundable | $3K | $30K | |
| Furnishings & Fixturesnot refundable | $5K | $30K | |
| Restaurant Equipmentnot refundable | $50K | $95K | |
| Signagenot refundable | $5K | $35K | |
| Point-of-Sale Systemnot refundable | $4K | $20K | |
| Travel & Living Expenses While Trainingnot refundable | $11K | $20K | |
| Insurance - 3 Monthsnot refundable | $3K | $4K | |
| Professional Feesnot refundable | $3K | $3K | |
| Grand Opening Advertisingnot refundable | $5K | $15K | |
| Opening Inventory and Suppliesnot refundable | $10K | $10K | |
| Additional Funds - 3 Monthsnot refundable | $45K | $45K | |
| Total initial investment | $263K | $656K |
Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. Total is the sum of line-item lows / highs — actual costs may fall outside this range depending on market and build-out scope.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $263K – $656K
- Middle of category vs category
- Liquid capital req'd
- $45K – $45K
- Bottom third — review vs category
- Franchise fee
- $35K – $35K
- Middle of category vs category
- Royalty
- 6.0%
- percentage · typical 6–8%
- Ad fund
- 1.5%
- typical 3–5%
- Total fee load
- 7.5%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 6.0% of gross sales |
| Marketing / ad fund | 1.5% of gross sales |
| Training fee | $1K |
| Transfer fee | $5K |
| Renewal fee | $10K |
| Inventory (initial) | $10K – $10K |
| Total fee load | 7.5% of rev |
What do units actually make?
Source: FDD 2023 · Item 19
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
Gyro Shack did not disclose financial performance in FDD Item 19. The ROIC and return models require Item 19 revenue. Without it all inputs are estimates. You can still run the calculator with your own assumptions by entering an expected revenue figure.
Returns model · single-unit ROIC
What would one Gyro Shack unit return on the cash you put in?
Unlevered ROIC · per unit
Estimated return on your total franchise investment, before any debt financing.
22%
Below the 30–60% attractive-franchise band
These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.
Item 19 · Source: 2023 FDD
Financial Performance
FY2022 total revenue of $2,067 consists solely of franchise and area development fees; no royalties or management fees in 2022 (franchisor Pronomio, LLC operates company-owned outlets via affiliates). Prior years: 2021 $16,293; 2020 $99,809.
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Fee burden
Total ongoing fee load of 7.5% (near the Quick-Service Restaurants average).
Disclosure
Item 19 reports outlet revenue, but not in a form that yields a per-outlet average we can compare across brands.
Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.
vs Quick-Service Restaurants averages
How Gyro Shack Compares
Is the system healthy?
Source: FDD 2023 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 6
- Opened
- 1
- Last reporting year
- Closed
- 0
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 0.0%
- Company-owned
- 5
- Corporate units in the system
- % franchised
- 17%
- vs corporate-owned
3-year detail · Item 20
- Opened (3yr)
- 1
- Closed (3yr)
- 0
- Terminated (3yr)
- 0
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 0
- Reacquired (3yr)
- 0
- Franchisor bought back
- Projected new
- 6
- Franchisor's next-year forecast
- Ceased ops
- 33.3%
- Units that stopped operating
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.
What could kill this investment?
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
Risk & Legal
Gyro Shack presents elevated risk due to undisclosed profitability, micro-franchise system (6 units), unprotected territory, and franchisor going concern issues, making unit economics impossible to validate before significant capital commitment.
Litigation (Item 3)
No litigation is required to be disclosed
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Harris CPAs
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Kickbacks from required suppliers: Yes
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 48 / 100 verdict
- 01MINORNo average net income disclosure (Item 19) prevents ROI validation—critical for $263k-$655k investment
- 02MINOROnly 6 units systemwide suggests minimal scale, unproven model, and high failure risk
- 03MINORUnknown unit growth trajectory indicates possible contraction or stagnation
- 04MINORNo territory protection allows franchisor to saturate local markets and cannibalize sales
- 05HIGHGoing Concern status of False raises solvency questions about franchisor viability
- 06MINOR6% royalty on $513k average revenue = $30.8k annual fee with unknown profitability baseline
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 7.5% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2023 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Allowed renewalsℹ | 1 |
| Territory type | protected |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Territory radius | 10 mi |
| Online sales rightsℹ | Granted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 10 mi |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Arbitration location | Boise, Idaho |
| Jury trial waiver | Yes |
| Governing law | ID |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation is required to be disclosed
Items 10, 11
Training & Operations
- Classroom training
- 31 hrs
- On-the-job training
- 85 hrs
- Training location
- Boise, Idaho (headquarters and affiliate restaurants)
- Ongoing training
- Required
- Time to open
- 10 mo
- From signing to launch
- Site selection
- Franchisee with franchisor approval
- Franchisor financing
- Not offered
- Item 10
- POS system
- Revel
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Revel
Item 20 · call current owners
Franchisee Contacts
3 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Gyro Shack · FDD (2023) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Gyro Shack franchise?
The total investment to open a Gyro Shack franchise ranges from $263K – $656K, with an initial franchise fee of $35K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Gyro Shack franchise owners earn?
Gyro Shack does not disclose average franchise owner earnings in their FDD Item 19. Not all franchisors are required to make financial performance representations. We recommend asking existing franchisees directly about their financial experience.
What is Item 19 in the Gyro Shack FDD?
The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the Gyro Shack FDD and qualifies whose outlets they describe.
What is Gyro Shack's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Gyro Shack (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 Gyro Shack franchise locations are there?
As of their most recent FDD filing, Gyro Shack has 6 total units in the United States, including 1 franchised units and 5 company-owned units. 1 new units were opened in the latest reporting year.
Is Gyro Shack a good franchise to buy?
FranchiseVerdict rates Gyro Shack as a B-grade franchise with a verdict score of 48 out of 100 (higher is better), 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 Gyro Shack, you can request corrections or provide updated information.
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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.