Bottom line
- Total investment $415K – $597K including a $35K franchise fee, 6.0% ongoing royalty.
- Average unit revenue of $1.5M/year.
- Rated STRONG with a risk score of 42/100. SBA loan default rate of 0.0% across 14 loans (below the industry average).
- System growing at 76.9% CAGR over 3 years with 80 total units — strong expansion trajectory.
Item 1 · who you're contracting with
The Franchisor
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 Nick the Greek unit return on the cash you put in?
Unlevered ROIC · per unit
40%
In Yale's "attractive" band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 Nick the Greek units return on equity?
Equity IRR · 5-yr
41.9%
5.74× MOIC
Year-1 DSCR
2.06×
EBITDA ÷ debt service
Equity required
$3.1M
on $11.6M purchase
Total debt
$8.5M
SBA $5.0M + senior + seller note
Overview
About
Nick the Greek franchisees operate Mediterranean fast-casual restaurants serving Greek cuisine (gyros, souvlaki, salads, etc.). Day-to-day operations include food preparation, customer service, inventory management, and staff scheduling in a quick-service format with potential dine-in/takeout/delivery models.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 12 · 7 states 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.
7
states with franchisees (per FDD Item 12)
Government records
SBA Loan Data
Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Missing profitability disclosure combined with going concern flag creates opacity around franchisee returns; modest growth and small system size warrant detailed validation before committing $414,750+.
Score breakdown · what drove the 42 / 100 rating
- 01MEDNet income not disclosed in Item 19 — cannot assess actual profitability or ROI against $414,750-$597,000 investment
- 02HIGHGoing Concern status is 'False' — suggests potential financial instability or operational challenges at franchisor level
- 03MINOR16.9% YoY unit growth is modest for QSR segment — may indicate market saturation, franchisee struggles, or slower-than-expected expansion
- 04MINORAverage revenue of $1.45M against high investment range requires scrutiny — payback period and profit margins unknown
- 05MEDOnly 80 total units — relatively small franchise system with limited data points and economy of scale
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
Item 11
Training & Operations
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
48 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Nick the Greek · FDD (2025) PDF